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Best Mortgage Refinance Companies in Louisville

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American Mortgage Service Co. logo
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American Mortgage Service Co.

Louisville, KY 40223
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  • New Construction

Business Description

American Mortgage Service Co., has over 40 locations and is licensed to lend in Ohio, Kentucky, Indiana, Tennessee, Florida, Alabama, Mississippi, Michigan and West Virginia. The company provides has successfully focused its business development on relationship growth with real estate agents, home builders and former customers. The business offers low down payment loans across Conventional, FHA, VA and Guaranteed Rural Housing lending products. Team has won multiple awards and is held with a commitment to honesty, integrity and great service.

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Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.1
Facebook
5.0 / 5 (1)

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We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Century Mortgage logo
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License: 22042

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Century Mortgage

9931 Corporate Campus Drive, Louisville, KY 40223
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

Century Mortgage is a division of Bay Equity LLC, which was established in 2007. It is a refinance company that caters to homeowners and buyers in the Louisville metro and surrounding communities. The company consists of mortgage and financial professionals who assist clients with their fixed- and adjustable-rate, DPA program, and jumbo loans. They also offer loan programs such as VA, FHA, USDA, and reverse mortgages. CEO Brett McGovern carries 20 years of real estate and lending industry experience.

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License: 22042

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Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
4.7 / 5 (69)
Facebook
4.4 / 5 (59)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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First Commonwealth Mortgage Corp logo
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License: 1401

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First Commonwealth Mortgage Corp

12004 Shelbyville Road, Louisville, KY 40243
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

Established in 2001, First Commonwealth Mortgage Corp in Louisville helps clients with their home purchase and mortgage refinance needs. Its team tailors personalized mortgage programs that suit the financing objectives of the borrower. The company also assists clients with debt consolidation loans, second mortgages, land contract payoff, lines of credit, and cashout. It also specializes in creating and structuring programs for the self-employed. First Commonwealth Mortgage Corp aims to help clients turn their dream home into a reality.

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License: 1401

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Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
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4.8 / 5 (199)
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4.7 / 5 (29)
First Fidelity Mortgage logo
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License: 940549

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First Fidelity Mortgage

13117 Eastpoint Park Boulevard, Louisville, KY 40223
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

Established in 2012, First Fidelity Mortgage handles the needs of first-time homebuyers and homeowners in Louisville. Its loan officers have more than 40 years of combined experience providing a broad range of mortgage loan programs that suit the particular needs of its clients. These programs include conventional, home renovation, rural housing, FHA, and VA loans. The goal of First Fidelity Mortgage is to ensure quality customer service for each of its clients and that their mortgage financing needs are fulfilled.

License Verified:

License: 940549

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (63)
Facebook
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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LightPoint Mortgage logo
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License: 408969

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LightPoint Mortgage

161 Saint Matthews Avenue, Louisville, KY 40207
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

Established in 2011, LightPoint Mortgage Company, Inc., is a Louisville-based mortgage refinance company. It caters to clients planning to build, buy, refinance, or sell their homes. The company offers and explains different kinds of mortgage loans, such as FHA, VA, and USDA loans. Its team of loan officers also educates each client about reverse, fixed-rate, and adjustable-rate mortgages at 15-year and 30-year contracts. Furthermore, they can process pre-approval requests, send mortgage comparisons, and provide home insurance quotes.

License Verified:

License: 408969

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Google
4.9 / 5 (89)
Facebook
5.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Detail
Metro Mortgage Lending, Inc logo
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License: 34736

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Metro Mortgage Lending, Inc

2305 Hurstbourne Village Drive, Louisville, KY 40299
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

Metro Mortgage Lending, Inc., is a mortgage brokerage company servicing the Louisville community and nearby localities. The firm assists homeowners in consolidating their loan debts, reducing their monthly payments, and paying off their current mortgage faster with its mortgage refinancing programs. Its mortgage specialists provide a variety of refinance options, including fixed-rate, adjustable-rate, cashout, and short-term refinance. The team also handles home purchasing loans like FHA, VA, USDA, and home equity. The company has been serving clients since 1996.

License Verified:

License: 34736

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (95)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Detail
Mortgage Warehouse - Kentucky logo
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License: 137154

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Mortgage Warehouse - Kentucky

2011 Lake Point Way, Louisville, KY 40223
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

Mortgage Warehouse is a full-service mortgage brokerage company serving clients in Louisville and nearby localities. The firm assists individuals and families in lowering their existing mortgage terms and paying off their current home loans with its mortgage refinancing services. Its refinancing officers offer a variety of options, including fixed-rate, adjustable-rate, and cashout refinancing. The team also assists clients with tax deductions and debt consolidations. The company has been helping homeowners, buyers, and real estate investors since 2003.

License Verified:

License: 137154

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Google
4.9 / 5 (179)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
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Helpfulness
Detail
Wholesale Mortgage Source, LLC logo
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License: 1582934

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Wholesale Mortgage Source, LLC

12700 Townepark Way, Louisville, KY 40243
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

Wholesale Mortgage Source, LLC, is a Louisville-based business that has been providing personalized loan solutions since 2017. Whether clients are looking into securing or refinancing mortgages, the company assists in different types of loans, including jumbo, fixed-rate, adjustable-rate, USDA, and FHA loans. Wholesale Mortgage Source, LLC, is headed by Brian Curl, a mortgage specialist who has been working in the industry for more than two decades. He is a member of the Association of Independent Mortgage Experts.

License Verified:

License: 1582934

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (97)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
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Frequently Asked Questions

Introduction

Refinancing a mortgage can be a complicated process, and hiring a mortgage refinancing broker can make it simpler and faster. There are several things you can do to protect your interests and help your broker complete the process for you.

Check a potential broker’s online reviews to find one with a good reputation. In addition to the opinions of past clients, check to see if a broker has an online portfolio, which can support the reviews you find from past clients to show a broker’s trustworthiness. This can also help you establish if a broker has handled financing for properties similar to yours.

Get a written summary of a broker’s rates before committing so you know exactly what hiring your chosen mortgage refinance broker will cost. Find out which lenders work with your broker and what information they need to successfully refinance your mortgage.

How do you refinance a mortgage?

Decide why you’re refinancing, such as to get a lower interest rate, pay off your loan faster, or to get a lower monthly payment. Share your credit information with your broker along with information about the equity you have in your home. Review your mortgage refinance broker’s quotes and choose the best loan terms.

How does mortgage refinance work?

The mortgage refinance process begins with choosing a broker and filling out loan application information. The process continues through underwriting and closing. The new mortgage is then used to pay off and close your original mortgage loan. This leaves you with a new loan and mortgage payment to manage each month.

When should you refinance a mortgage?

If your credit score has improved or mortgage interest rates have dropped, refinancing can potentially save you money. Other reasons to refinance your mortgage include getting a fixed rate instead of an adjustable one or getting a shorter loan term. An increase in your home’s value that can let you access more equity is another reason to refinance.

How much does it cost to refinance a mortgage?

The average cost to refinance a mortgage is $5,000. This amount varies, based on the state and county where the property is located and the loan amount. Common fees incurred when refinancing a mortgage include:

  • Appraisal fee
  • Broker’s fee
  • Credit check fee
  • Loan application fee
  • Recording fee
  • Title search and insurance fee

How soon can you refinance a mortgage?

Some lenders make borrowers wait a minimum of six months before accepting a new mortgage refinancing application. However, when that happens, borrowers can check with other lenders to find one that doesn’t require a wait before refinancing. A mortgage refinance broker can guide you to lenders that allow immediate refinancing.

How long does it take to refinance a mortgage?

The average amount of time it takes to refinance a mortgage is 45 days. In some cases, it may be possible to get it done faster. There also may be times when it takes longer to get a mortgage refinanced.

What is the average closing cost to refinance a mortgage?

The average closing cost when refinancing a mortgage is $4,345. Closing costs may be much higher or lower depending on the amount of money borrowed. If you see an ad that says there are no closing costs, the costs are factored in elsewhere in the terms of the loan.

How often can you refinance a mortgage?

You can refinance a mortgage as often as you like, however, if you refinance frequently, it can cost more in fees than you save on interest. Some reasons for refinancing repeatedly include a sharp drop in interest rates or going through a life event, such as a divorce.

When is it worth it to refinance a mortgage?

It’s worth it to refinance when interest rates drop and refinancing will save you money. It also may be worth refinancing if you need to access some of your home’s equity to cover other expenses. Refinancing may be worthwhile if you're switching from a variable to a fixed rate mortgage.

Can you refinance a mortgage with no closing costs?

You can refinance a mortgage without paying closing costs at the time. However, those costs are still owed and are factored in elsewhere in the financing. Lenders either add the costs to the principal owed or increase the interest rate on your refinanced mortgage loan.

Can you refinance a home equity loan into a mortgage?

You can refinance a home equity loan into a mortgage in some situations. You have to have excellent credit to do this. Additionally, you must have enough equity in your home to qualify for a new mortgage that pays off the existing mortgage and your home equity loan.

Can you refinance a mortgage without a job?

In some situations, you can refinance your mortgage if you don't have a job. It depends on the lender, because some will allow it and others won’t. A qualified mortgage refinance broker can help connect you with lenders that consider your situation. You have to submit documentation about your unemployment and the income you have.

Can you refinance a mortgage with bad credit?

It’s possible to refinance a mortgage if you have bad credit. If your payment record with your current lender is good, you can discuss refinancing with that lender. You may also be able to refinance a mortgage by going through a government-backed lender, such as the USDA or FHA.

Can you refinance a second mortgage?

It’s possible to refinance a second mortgage. If your credit score improves or interest rates drop, refinancing a second mortgage may save you money. Either of these situations can provide a way for you to get a lower interest rate. Refinancing a second mortgage can also sometimes shorten your loan repayment period.

Can you refinance a first mortgage and not a second?

You can refinance your first mortgage and not the second one, but it can be difficult. You have to get the lender of your second mortgage to agree to the refinancing. The process is called resubordination, and some home equity lenders won’t agree. Additionally, lenders typically charge extra fees to resubordinate a loan.

How often should you refinance your mortgage?

There is no recommended frequency for refinancing a mortgage. How often you should refinance is determined by when it will save you money. If you can get better terms on your mortgage by refinancing, then it’s a good time to take action.

What should you expect when refinancing a mortgage?

When refinancing a mortgage, expect to answer a lot of questions and provide documentation to back up your answers. You'll may also pay fees and closing costs of around $5,000. Additionally, expect to start over in terms of building home equity, because refinancing takes the amortization process back to the beginning.

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