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Best Mortgage Refinance Companies in Boston

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American Mortgage Resource, Inc. logo
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License Verified:

License: 22431

Nationwide Multistate Licensing System and Registry

American Mortgage Resource, Inc.

2 Winter St Suite #202, Waltham, MA 02451
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  • Multi-Family Loans

Business Description

American Mortgage Resource, Inc., is a company that caters to clients in Boston and the surrounding areas. It helps homebuyers lower their interest rates and monthly payments by refinancing their current mortgage. It provides assistance with loan applications and approval. The firm offers various types of loans, such as home equity, jumbo, and reverse mortgage. American Mortgage Resource has been operating since 2008. Michael DeSantis, its owner, has over 15 years of experience in the industry.

License Verified:

License: 22431

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 (54)
Facebook
5.0 / 5 (6)
Yelp
4.0 / 5 (4)

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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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Bank of England Mortgage logo
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License: 418481

Nationwide Multistate Licensing System and Registry

Bank of England Mortgage

200 Portland St., Boston, MA 02114
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  • Multi-Family Loans

Business Description

Bank of England Mortgage is an organization in Boston whose purpose is to help individuals refinance, sell, or purchase properties. It offers multiple loan programs such as FHA loans, low or no down payment mortgages, condo financing, and VA loans. The bank also specializes in multi-family and single-family homes financing. It is an affiliate of the national program Homes for Heroes that offers special accommodations to law enforcers, military personnel, healthcare workers, firefighters, and teachers when they buy, sell, or refinance a home.

License Verified:

License: 418481

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 (65)
Yelp
2.5 / 5 (21)

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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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Capstone Mortgage logo
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License Verified:

License: 1445

Nationwide Multistate Licensing System and Registry

Capstone Mortgage

1775 Massachusetts Ave Suite 4, Lexington, MA 02420
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  • New Construction

Business Description

Capstone Mortgage serves clients in Boston and the surrounding communities. The company provides mortgage refinancing solutions to help clients consolidate their debts, collect funds for home improvement, and change their current mortgage rates. It also offers a mortgage purchasing option to guide individuals with their home buying process. Its team also evaluates clients' financial situations to find a loan program suitable for their needs and goals. The company's founder, Chris Smith, brings more than three decades of mortgage experience.

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License: 1445

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.
4.5
Google
4.5 / 5 (12)
Yelp
5.0 / 5 (3)
Drew Mortgage Associates Inc. logo
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License: 2856

Nationwide Multistate Licensing System and Registry

Drew Mortgage Associates Inc.

196 Boston Turnpike Road, Shrewsbury, MA 01545
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  • Multi-Family Loans

Business Description

Drew Mortgage Associates Inc. is a Shrewsbury-based direct mortgage lender that serves Boston and other areas in New England. It offers refinancing options for homeowners who want to get better rates or pay their mortgages faster. Some of the programs it provides are FHA Streamline Refinancing and Home Affordable Refinancing Program. The lender also has various types of home loans, commercial loans, and community lending programs. Drew Mortgage Associates is a HUD/VA-approved firm and an Equal Housing lender.

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License: 2856

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.
4.4
Yelp
3.5 / 5 (15)
Google
4.6 / 5 (9)
Facebook
4.4 / 5 (7)

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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.
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East West Mortgage logo
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License: 1746559

Nationwide Multistate Licensing System and Registry

East West Mortgage

100 Hallet Street, Boston, MA 02124
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  • NMLS #: 39166

Business Description

East West Mortgage is a mortgage lender and broker that serves clients in Boston. It offers mortgage refinancing options such as rate-and-term, cash-out, and cash-in refinance mortgages. It also handles fixed-rate mortgages, FHA home loans, VA home loans, and USDA loans. President Steven K. Borgerson sits on the board of directors of Adams Montessori School of Quincy and the Neighborworks Housing Solutions of Southern Mass. He has worked at Cambridgeport Bank, Meetinghouse Bank, and Rockland Trust.

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License: 1746559

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 (6)
Facebook
5.0 / 5 (2)

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.
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Geovanne Colon logo
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License: 1880655

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Geovanne Colon

19 Pilgrim Road, Boston, MA 02215
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  • Reverse Mortgages

Business Description

Geovanne Colon is a mortgage company that serves home buyers and property owners who need assistance in refinancing. The company will handle securing competitive market rates for their clients and close loans promptly. Its mortgage advisor, Geovanne Colon, guides his clients through the entire mortgage process. From property searching to mediating in necessary negotiations to avoid common mistakes. Colon also helps investment buyers in real estate maximize their returns and seniors who wish to reverse their mortgages.

License Verified:

License: 1880655

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 (20)

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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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Lendmark Mortgage Company logo
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License Verified:

License: 1135

Nationwide Multistate Licensing System and Registry

Lendmark Mortgage Company

400 Tradecenter Dr Suite #5900, Woburn, MA 01801
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  • NMLS #: 39166

Business Description

Lendmark Mortgage Company helps families in Boston who want to refinance their homes. It provides options that allow homeowners to finance renovation projects or pay off high-interest or variable debts by cashing out the equity from their homes. The firm also offers government-backed mortgages like USDA and VA loans. Lendmark Mortgage Company is a family-owned business that has been operating for more than a decade. CEO Aaron Berger launched Mass Home Assist, which provides bundled real estate savings to Bay State customers, in 2017.

License Verified:

License: 1135

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
Maritime Mortgage logo
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License Verified:

License: 2708

Nationwide Multistate Licensing System and Registry

Maritime Mortgage

4 Cabot Place, Second Floor, Stoughton, MA 02072
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  • Reverse Mortgages

Business Description

Maritime Mortgage is a firm that serves Boston and its surrounding areas. The business assists clients seeking to refinance their existing mortgages. It helps homebuyers secure financing to purchase properties through different loan programs such as conventional and jumbo. The firm provides other options such as FHA, which offers slightly lower interest rates, and VA, which is reserved for members of the U.S. military. Maritime Mortgage carries over 30 years of experience in the industry.

License Verified:

License: 2708

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 (73)
Facebook
5.0 / 5 (29)
Yelp
5.0 / 5 (5)

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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MBA Mortgage logo
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License: 2880

Nationwide Multistate Licensing System and Registry

MBA Mortgage

2 Adams Place Suite 410, Quincy, MA 02169
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  • Multi-Family Loans

Business Description

MBA Mortgage is a company that offers services to individuals in Boston and the surrounding areas. It provides mortgage refinancing options that help clients lower their monthly payments, consolidate debts, and shorten mortgage terms. Its loan solutions include VA home loans, adjustable-rate mortgages, 15- and 30-year loans, and FHA loans. It also assists first-time homebuyers in financing their first home. MBA Mortgage is a veteran-owned business that has been in the financial services industry since 2005.

License Verified:

License: 2880

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
4.8 / 5 (122)
Facebook
4.8 / 5 (69)
Yelp
4.0 / 5 (14)

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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MJ Mortgage Corporation logo
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License: 5743

Nationwide Multistate Licensing System and Registry

MJ Mortgage Corporation

627 Broadway, Everett, MA 02149
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  • Reverse Mortgages

Business Description

MJ Mortgage Corporation is a full-service mortgage firm that offers comprehensive mortgage solutions to clients in Boston and its nearby areas. In the market for 14 years, it offers a broad selection of refinancing options for clients looking to cash out, consolidate loans, or get better rates and terms. Programs include FHA Streamline and Cash Out, FHA 203k, USDA Streamline, HARP, and jumbo. Niche programs such as bank statement loans and no-income loans are also available.

License Verified:

License: 5743

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 (14)

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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Mortgage Network, Inc. - Boston, MA logo
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License: 2668

Nationwide Multistate Licensing System and Registry

Mortgage Network, Inc. - Boston, MA

184 High Street, Boston, MA 02110
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  • NMLS #: 39166

Business Description

Mortgage Network, Inc., is a mortgage refinance company that serves clients in Boston. The company offers purchase and refinance loans and guides clients in choosing the right refinancing options and interest rates for their mortgage needs. It specializes in various types of loans such as PHFA, FHA, VA, and jumbo. Founded in 1988, this privately held company remains committed to providing clients high-quality services throughout the whole process with its award-winning online loan platform.

License Verified:

License: 2668

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
5.0 / 5 (69)
Facebook
4.6 / 5 (21)

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.
4.0
Responsiveness
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Detail
––
MSA Mortgage logo
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License Verified:

License: 1984

Nationwide Multistate Licensing System and Registry

MSA Mortgage

354 Main St, Winthrop, MA 02152
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  • Reverse Mortgages

Business Description

MSA Mortgage is a business that serves the home loan needs of customers in Boston and the surrounding areas. It provides refinancing services for a variety of purposes, including lowering interest rates, paying off a balloon payment, extracting cash equity, and converting an adjustable-rate loan to a fixed-rate loan. The company’s team of professionals assists clients with cash-out programs for non-owner-occupied and owner-occupied homes. In addition, they offer purchase loan programs such as FHA, VA, and jumbo loans.

License Verified:

License: 1984

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
4.5 / 5 (16)
Facebook
5.0 / 5 (11)
Yelp
5.0 / 5 (5)

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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Olive Tree Mortgage Solutions logo
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License Verified:

License: 1505241

Nationwide Multistate Licensing System and Registry

Olive Tree Mortgage Solutions

70 Leo M. Birmingham Pkwy, Brighton, MA 02135
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  • Reverse Mortgages

Business Description

Olive Tree Mortgage Solutions provides loan products for purchasing homes in Boston. Its officers help clients find suitable finance solutions when buying a primary home, a secondary residence, or an investment property. They provide conventional, FHA, and portfolio loans. They also cater to clients requiring refinancing assistance in lowering mortgage payments, paying off a mortgage faster, and changing ARM into fixed loans. The company works to close loan applications on an average of 24 days.

License Verified:

License: 1505241

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 (28)
Yelp
3.5 / 5 (3)

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.
3.0
Responsiveness
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Detail
––
Poli Mortgage logo
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License Verified:

License: 1979

Nationwide Multistate Licensing System and Registry

Poli Mortgage

100 River Ridge Dr., #304, Norwood, MA 02062
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  • Reverse Mortgages

Business Description

Serving the Boston area, Poli Mortgage is a company that provides mortgage refinancing programs to help clients liquidate their home’s equity, reduce their monthly payments, or pay outstanding debts. It also provides an online application that guides clients through each step of the mortgage refinancing process. In addition, it offers loan options to first-time homebuyers, including conventional, jumbo, FHA, USDA, and VA loans. The independently-owned mortgage firm has been helping clients with their mortgage needs since 2001.

License Verified:

License: 1979

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 (401)

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.
4.0
Responsiveness
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Detail
––
Residential Mortgage Services logo
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License Verified:

License: 1760

Nationwide Multistate Licensing System and Registry

Residential Mortgage Services

91 Franklin Street, Boston, MA 02110
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  • NMLS #: 39166

Business Description

Serving the Boston area, Residential Mortgage Services is a team of professionals that has been helping clients achieve homeownership since 1991. This independent mortgage refinance company offers integrated loan processing, direct lending, and underwriting services. Its home loan programs include conventional loans, refinance loans, USDA-RD loans, VA loans, FH loans, and state-sponsored loans. Clients of Residential Mortgage Services can submit their loan applications online or personally meet with loan officers who can be contacted directly through its website.

License Verified:

License: 1760

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 (12)

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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Sofia Travayiakis logo
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License Verified:

License: 34453

Nationwide Multistate Licensing System and Registry

Sofia Travayiakis

184 High Street, Suite 702, Boston, MA 02110
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  • Multi-Family Loans

Business Description

Sofia Travayiakis is a branch manager and mortgage broker at Mortgage Network. Since 1997, she has been serving property owners throughout the Boston metro. She handles a variety of properties, including condominiums, single-family residences, townhouses, and multi-family homes. Travayiakis provides different types of loans, such as home refinance, jumbo, FHA, conventional, cash-out refinancing, and VA loans. She assists first-time homeowners in the process of home buying and purchasing. She also raises funds for the Pan-Cretan National organization.

License Verified:

License: 34453

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 (77)
Facebook
5.0 / 5 (9)
Yelp
5.0 / 5 (3)

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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Superior Funding Corporation logo
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License Verified:

License: 2972

Nationwide Multistate Licensing System and Registry

Superior Funding Corporation

343 Washington St, Newton, MA 02458
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  • Alternative Income Documentation Loans
  • Multi-Family Loans

Business Description

Superior Funding Corporation has been serving residents in Boston and the surrounding communities since 2004. It offers adjustable, conventional, fixed-rate, and high-balance conforming mortgage solutions. It also provides FHA, jumbo, VA, and USDA loan options. Founders Roman and Diana Shulman have technical backgrounds in various fields, such as finance, engineering, and economics.

License Verified:

License: 2972

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
5.0 / 5 (30)
Yelp
5.0 / 5 (5)

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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Back to Providers

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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