Expertise.com

2024

Last updated:

Best Mortgage Refinance Companies in New Bedford

Our Recommended Top 3

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored New Bedford Mortgage Refinance Companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

52Reviewed

32Curated

3Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
77 State Road, Dartmouth, MA 02748
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Milestone Mortgage Solutions offers refinancing assistance to individuals and families in and around the New Bedford metro. After completing a home refinance analysis request, clients are given alternatives based on their specific criteria and situation to assist them in comparing mortgage interest rates and conditions and selecting the offer that meets their requirements the most. The firm also offers homebuyers conventional, VA, FHA, and USDA-RD loans. Company president Vernon Miles has been in the banking industry for more than 19 years.

License Verified:

License: 1815656

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 (181)
Facebook
5.0 / 5 (28)

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.
4.5
Responsiveness
Friendliness
Helpfulness
Detail

Website
1819 Acushnet Avenue, New Bedford, MA 02746

Why choose this provider?

Castle Mortgage Broker, Inc., offers loan and refinancing services to residents of New Bedford. The team has reverse mortgages fit for the elderly members of society and privately-offered conventional products. Options with adjustable rates are available and the firm delivers FHA and VA choices. The firm refinances current debts and has 203K rehab solutions. It has ties educational resources to educate readers on real estate purchase matters such as escrows, pre-qualification, and good faith estimates.

License Verified:

License: 1271

Nationwide Multistate Licensing System and Registry

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

Website
45 Weeden Road, Fairhaven, MA 02719
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Onshore Mortgage provides services to homeowners and first-time buyers in New Bedford. It aims to provide clients with mortgage rates that are appropriate for their credit and income profiles and deliver a number of loan options, such as conventional, VA, USDA, FHA, jumbo, and asset-only. Onshore Mortgage has more than 25 years of experience in the industry. It provides an easy-to-use individual web portal system that allows borrowers to upload their documents safely and transparently.

License Verified:

License: 1995582

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 (203)
Yelp
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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

FAQs

  • 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 long does the refinance process take in New Bedford?

    The timeframe of a refinance process depends on the financial situation of borrowers and how they work with their lenders. Individuals in New Bedford who are applying for refinancing can speed up the process by preparing all the necessary documents ahead of time and organizing or improving their property before the home appraisal.

  • When should borrowers consider a rate-and-term refinance in New Bedford?

    Individuals may opt to apply for a rate-and-term refinance in New Bedford if they want to change the terms of their loans. They can lower their rate or pay cash to lower their principal loan balances. Borrowers can also use this type of refinance to eliminate private mortgage insurance and if they want to take advantage of lower interest payments.

  • Can lending companies in New Bedford fund a family and senior housing development?

    Yes. Lending companies can fund a family and senior housing development in New Bedford through refinancing. Borrowers can establish high-rise buildings and townhouses using the funds from the refinance loan. The money from the loan can be used to make minor repairs and keep the good condition of the units.

  • How can you lower your monthly mortgage payment in New Bedford?

    You can lower your monthly mortgage payment in New Bedford by choosing a loan with a lower interest rate and increasing your down payment. You may also apply for a loan with a longer term; however, you could pay more interest over the life of the loan. You should also avoid private mortgage insurance.

  • Who qualifies for a jumbo mortgage loan in New Bedford?

    Those with assets, income documentation, and strong credit scores are eligible for a jumbo mortgage loan in New Bedford. They are allowed to borrow larger amounts of money and exceed the limits set by the Federal Housing Finance Agency. This type of loan is applicable to people who want to purchase more expensive properties.

  • 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.