Expertise.com

2024

Last updated:

Best Mortgage Refinance Companies in Newton

Our Recommended Top 11

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 Newton 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.

57Reviewed

38Curated

11Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

41 Shirley Rd, Needham, MA 02494
WebsiteLicense: 2403

Expertise.com Rating

Review Sources

Google
5.0 (5)

Why choose this provider?

Boston Mortgage Solutions LLC arranges refinancing programs for homeowners in Newton. Its team of mortgage brokers guides borrowers in navigating the refinancing process, from pre-qualification and approval to appraisal and closing. The staff personalizes services by analyzing financial goals, creating strategies to minimize delays, and providing online application options. The owner and president, Darren Franco, has been working in the real estate industry for over 20 years and holds a Master's degree in Business Administration.

  • New Construction

369 Union St., Ashland, MA 01721
WebsiteLicense: 2181568

Expertise.com Rating

Review Sources

Google
4.6 (11)

Why choose this provider?

Loanpal Mortgage caters to clients in Newton and the surrounding areas. It assists borrowers applying for mortgage programs to refinance their existing loans, purchase new houses, or invest in new properties. Some of the programs it provides are FHA, USDA, or VA Streamline, conventional, debt reconciliation, and investor loans. There are also fixed- and adjustable-rate loan choices for first-time homebuyers. The agency offers a variety of mortgage products and investment tools to meet clients' unique needs.

  • Reverse Mortgages

306 Main St, Reading, MA 01867
WebsiteLicense: 1207424

Expertise.com Rating

Review Sources

Facebook
5.0 (9)

Why choose this provider?

Tower Home Loans is a mortgage brokerage that serves customers in Newton and the surrounding areas. It offers refinancing services to allow clients to save money by restructuring an existing loan. It works with first-time and returning buyers with home and investment property purchases, providing fixed-rate and adjustable-rate mortgages. Jean Machado, who has over 15 years of mortgage and real estate experience, founded Tower Home Loans in 2015. It is licensed in Florida, Massachusetts, and New Hampshire.

  • New Construction
  • Reverse Mortgages

800 Hingham Street Suite 104N, Rockland, MA 02370
WebsiteLicense: 2674

Expertise.com Rating

Review Sources

Facebook
4.8 (25)
Google
5.0 (5)

Why choose this provider?

Mortgage Corp East addresses the refinancing concerns of individuals and families in Newton and the surrounding communities. The company offers various refinancing programs to help its clients achieve different goals, like debt consolidation and interest rate or monthly payment reduction. It offers consultations and assists people throughout the mortgage process, from pre-approval to purchasing. Mortgage Corp East's products include Fannie Mae, Freddie Mac, conventional, and government-backed mortgages. It also has construction, portfolio, and bridge loans.

  • New Construction

331 Marrett Road, Lexington, MA 02421
WebsiteLicense: 1778683

Expertise.com Rating

Review Sources

Google
4.8 (26)
Facebook
5.0 (17)

Why choose this provider?

Morningtide Financial Group is a full-service mortgage brokerage offering refinancing solutions to residents in the Newton metro. The company helps homeowners save money by refinancing existing loans to obtain lower interest rates. Its team of mortgage professionals advises clients regarding their options and assists them in choosing programs that best suit their needs. Morningtide Financial Group was established in 2018. It donates loan proceeds to the Dana Farber Cancer Institute and Waltham Boys & Girls Club.

  • New Construction

34 Hayden Rowe St, Suite 158, Hopkinton, MA 01748
WebsiteLicense: 1284889

Expertise.com Rating

Review Sources

Google
5.0 (42)

Why choose this provider?

Prime Rate Home Mortgage caters to clients in Newton and the neighboring communities. The company specializes in refinancing clients' mortgage loans to decrease their interest rates and change terms. It also offers conventional loan programs, such as fixed-rate mortgages, with terms ranging from five to 30 years. In addition, the company provides VA, USDA, FHA, and jumbo loans. Its team is available to guide clients in identifying their personal debt management preferences, economic trends, and income projects before choosing loan programs.

  • Reverse Mortgages

691 Washington Street, South Easton, MA 02375
WebsiteLicense: 1206

Expertise.com Rating

Review Sources

Google
5.0 (183)

Why choose this provider?

Star Mortgage arranges loans on behalf of Newton residents. It helps refinancing borrowers locate a program to bring down their interest rate, monthly payment, or debt-to-income ratio. Options include jumbo, interest-only, graduated payment, and fixed-rate or adjustable-rate loans. VA refinance, home equity, and debt consolidation options are also offered by the brokerage. The staff at Star Mortgage communicates with borrowers throughout the transaction and expedites the process by utilizing automated loan underwriting and processing technology.

  • New Construction

2 Vernon St., Framingham, MA 01701
WebsiteLicense: 1480

Expertise.com Rating

Review Sources

Google
5.0 (5)
Facebook
5.0 (5)
Yelp
5.0 (3)

Why choose this provider?

The Mortgage Pros is a company whose goal is to guide clients from Newton through home loans, so they can select the best package for their needs. Its team offers expertise in refinancing loans, where clients will be assisted in assessing mortgage requirements and drafting financially suitable mortgage plans. The company also provides other loan programs like FRM, ARM, Jumbo, FHA, and VA. The Mortgage Pros is based in Massachusetts and provides mortgage calculators on their website for clients gauging pay, earnings, and interest rates.

  • Reverse Mortgages

5 Bristol Drive, Suite 1, South Easton, MA 02375
WebsiteLicense: 1695859

Expertise.com Rating

Review Sources

Google
4.9 (39)
Facebook
5.0 (12)

Why choose this provider?

Peoples Choice Mortgage aims to enable its clients in the Newton metro to make informed decisions regarding their mortgage alternatives. It assists homeowners in the refinancing process to change the term of their mortgage, reduce interest rates, and cash out from their home’s equity. Its loan officers provide other options such as FHA, VA, USDA, jumbo, renovation, and adjustable rates. Peoples Choice Mortgage also serves clients in Michigan, Florida, Colorado, and Rhode Island.

  • New Construction

400 TradeCenter , Suite 5900, Woburn, MA 01801
WebsiteLicense: 1875104

Expertise.com Rating

Review Sources

Google
5.0 (7)

Why choose this provider?

Sparta Financial, LLC, is a mortgage brokerage serving customers in the Newton metro. It caters to clients looking to purchase a home, refinance their existing mortgages, or cash out their home equity. The brokerage partners with several lenders to find the best loan programs for its clients, such as FHA, VA, USDA, jumbo, and conforming loans. Sparta Financial's staff and its founder have more than three decades of experience in the mortgage, lending, and financial industry.

  • Reverse Mortgages

50 Milk Street, 16th Floor, Boston, MA 02108
WebsiteLicense: 1450805

Expertise.com Rating

Review Sources

Google
4.8 (611)

Why choose this provider?

Own Up provides clients in Newton and nearby areas with a new approach to mortgages. It provides refinancing solutions for different property types, assisting homeowners looking to change loan rates and terms or take cash out from an existing property. It utilizes easy-to-use online tools that help clients evaluate lenders, compare loan offers, and understand the home financing process. Own Up was founded by former bankers. Co-founder Patrick Boyaggi has closed over $11 billion in residential mortgages.

  • Reverse Mortgages

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.
  • Why you must consider refinancing your mortgage in Newton?

    You must consider refinancing your mortgage in Newton to help you pay off your mortgage faster. You may obtain a lower mortgage rate if you pay your mortgage for a shorter period. Through refinancing, you can also reduce your monthly mortgage payment and consolidate the money you owe to lower your debts and improve your credit scores.

  • Can borrowers refinance if they have an FHA loan in Newton?

    Yes. Borrowers can refinance if they have an FHA loan in Newton. They can apply for FHA streamline refinance or conventional home mortgage loans. In FHA streamline refinance, they may use their existing appraisal and credit data from their first home mortgage loan. For conventional home mortgage loans, individuals may use this if they have 20 to 22% equity in their homes.

  • How long can individuals refinance their FHA loans into conventional loans in Newton?

    In Newton, individuals who want to apply for conventional loans must have at least a six-month history of monthly payments before refinancing any type of home mortgage loan. Monthly payments should be made on time. If they wait a little longer, they can save some money from their monthly payments.

  • Are there any other lending options in Newton aside from personal loans?

    Yes. Newton individuals dealing with financial difficulties may consider cash-out refinancing to pay their bills. The funds from a cash-out refinance can be used for home remodeling and paying high-interest debts. Cash-out refinancing also allows borrowers to replace their existing loans with bigger mortgages. However, individuals must be careful not to borrow more money than they need.

  • What home improvement projects are eligible for mortgage interest tax deductions in Newton?

    Some of the home improvement projects eligible for mortgage interest tax deductions in Newton are new bedroom or bathroom construction, swimming pool or hot tub addition, fence installation, roof repair or improvement, and window replacement. Home security, central air conditioning, and heating systems installation are also eligible for mortgage tax deductions.

  • 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.