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Best Mortgage Refinance Companies in Springfield

2024

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Providers

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Website
15 Pitkin Street, Manchester, CT 06040
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Burke Mortgage provides Springfield homeowners with various mortgage refinancing loans. Its mission is to get its clients the loans that best fit their needs. The company offers a strategic mortgage solution that provides personalized access to more loan programs and diversified lenders. Burke Mortgage also offers first time buyers with a simplified mortgage process and provides business clients with a personalized strategy in real estate. The business is operated and owned by licensed loan officer and mortgage broker John Burke.

License Verified:

License: 90746

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 (65)
Facebook
5.0 / 5 (14)
Yelp
3.0 / 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
Friendliness
Helpfulness
Detail

Website
110 Main Street, Manchester, CT 06042
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Right Trac Financial Group works with individuals and families in and around Springfield. Its team caters to clients who want to refinance their loans to improve their residential spaces, such as single- and multi-family homes, condominiums, and townhouses. The agency helps homeowners develop refinancing solutions to consolidate their debts and lower interest rates. It processes different mortgage programs, including USDA, VA, FHA, and conventional loans. Owner Joe Petrowsky is a mortgage broker who has over 40 years of industry experience.

License Verified:

License: 2709

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
Facebook
4.9 / 5 (30)
Google
4.8 / 5 (20)

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
639 Enfield Street, Enfield, CT 06082
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Oguz Kuruca is a loan officer with First World Mortgage who assists clients in Springfield. Kuruca provides assistance with refinancing, helping property owners achieve long-term financial security by tailoring their financing needs to suit their lifestyles and goals. He also works with clients seeking purchase loans including conventional, USDA, CHFA, VA, FHA, and FHA 203K. Founded in 1992, First World Mortgage is a full-service mortgage lender that serves clients across Connecticut, Massachusetts, Rhode Island, New Jersey, Florida, Georgia, and Wisconsin.

License Verified:

License: 1250898

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
Facebook
5.0 / 5 (6)

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
392 S. Main St., Athol, MA 01331
  • Reverse Mortgages

Why choose this provider?

Team Hunton comprises professionals at MBA Mortgage who deploys financial solutions to homeowners in Springfield. These agents assist clients and referral partners who are looking to refinance their existing loans. They assess borrowers' short-term and long-term goals and help them choose the best product that fits their individual needs. The professionals serve fix-and-flip investors and GRH, VA, and FHA loan borrowers. Team Hunton participates in community initiatives such as North Quabbin Community Coalition's Be Kind Movement.

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.
4.9
Google
4.9 / 5 (47)

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
105 East Center Street, Manchester, CT 06040
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Generation Mortgage, LLC, helps ease monthly loan responsibilities for homebuyers in Springfield. It works with over 40 lenders and assists clients in choosing programs where they can obtain lower rates and adjust terms. Among its loan options are conventional, FHA, USDA, VA, jumbo, and non-qualified mortgages. Its team affixes its work to the value of transparency by providing customers with updates and financial situation assessments. Generation Mortgage is a family-owned and -operated company with a mission to make homeownership a reality for future generations.

License Verified:

License: 21779

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 (53)
Facebook
5.0 / 5 (8)

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
198 Charlton Rd, 2nd Floor, Suite #4, Sturbridge, MA 01566
  • Reverse Mortgages

Why choose this provider?

Northpoint Mortgage is a full-service lender that assists Springfield homeowners who are looking for refinancing programs. Its team of professionals guides clients throughout the refinancing process, starting from pre-qualification and application to closing. The team assesses clients' needs and helps them choose from loan options such as VA or FHA. Northpoint Mortgage has been in business since 2005. The company remains actively involved in the community through fundraising events like the District Governor Cup at Eagle Creek Golf Club.

License Verified:

License: 1515

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
Facebook
4.9 / 5 (185)
Google
5.0 / 5 (40)
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
Friendliness
Helpfulness
Detail

Website
20 Waterside Drive, Suite 202, Farmington, CT 06032
  • New Construction
  • Reverse Mortgages

Why choose this provider?

American Mortgage Affiliates Company, LLC, helps Springfield residents reduce their existing loan rates and cash out on equity. It offers refinancing loan programs, including fixed-rate, ARM, USDA, VA, and FHA loans. It also offers home purchasing loans, such as 203K and Super Jumbo. The company caters to first-timers as well as those who have already refinanced multiple times. It strives to make the refinancing process convenient through its fully online loan application. President Eric Johnson has over 15 years of mortgage industry experience.

License Verified:

License: 1401396

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 (62)
Facebook
5.0 / 5 (20)
Yelp
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
Responsiveness
Friendliness
Helpfulness
Detail

Website
360 North Main St. 1-10, Southington, CT 06489
  • New Construction

Why choose this provider?

Southington Mortgage LLC has been assisting homeowners and homebuyers in Springfield and nearby locations since 2000. It is headed by David, who offers refinance loans for clients seeking to lower mortgage rates or switch from an adjustable-rate to a fixed-rate mortgage. He helps clients assess their needs and draft refinancing plans accordingly. With access to different lenders, he is able to offer various products such as reverse mortgages and FHA and conventional loans. David has three decades of experience in the industry.

License Verified:

License: 56981

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 (31)

Website
196 Boston Turnpike, Shrewsbury,, MA 01545
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Drew Mortgage Associates, Inc., serves Springfield residents, including Spanish-speaking ones, who seek comprehensive refinancing choices. Its staff assesses a potential applicant's qualifications for specific refinancing programs using information involving their interest rates and credit histories, as well as their current loan programs. It provides clients with informative insight into opportunities that involve reduced loan terms, improved interest rates, and financial emergencies. The agency is also open for inquiries concerning commercial or jumbo mortgages and home equitiy and community lending programs.

License Verified:

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.
4.9
Google
4.9 / 5 (55)

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
1750 Ellington Road, Bldg. 3, South Windsor, CT 06074
  • New Construction

Why choose this provider?

Precision Mortgage serves clients in Springfield who require refinancing and purchase options. Fixed and adjustable-rate choices are available, with terms ranging from five to 30 years. It also offers government-supported products from the USDA, FHA, and VA. The team refinances obligations to obtain more manageable compliance terms. Precision Mortgage's president Hussam Saada is a 13-year veteran of the banking and mortgage management field. He has completed advanced studies in business administration and is part of the South Windsor Chamber of Commerce.

License Verified:

License: 809925

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 (47)
Facebook
5.0 / 5 (9)

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
211 North St, Northampton, MA 01060

Why choose this provider?

Applied Mortgage is a family-run branch of HarborOneMortgage, or formally Merrimack Mortgage, LLC. It serves homebuyers in Springfield, offering several mortgage programs, including conventional, mass housing, and USDA loans. The firm also assists clients from contract to closing, making an offer to property sellers, listing houses for sale, and conducting home inspections. Applied Mortgage has been serving the Pioneer Valley since 1987. It gives back to the community by supporting several groups, such as the Downtown Amherst Foundation.

License Verified:

License: 2561

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
Facebook
5.0 / 5 (51)
Google
5.0 / 5 (30)

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
92 Maple Street, West Boylston, MA 01583
  • Reverse Mortgages

Why choose this provider?

All East Mortgage Advisors, LLC, offers refinancing programs from major wholesale lenders to the Springfield community. Its mortgage originators analyze homeowners' needs, finances, and credit history and guide them in refinancing existing loans. With the use of comparative analysis software, they find and create refinancing solutions that lead to monthly payment reduction, high-interest debt consolidation, and lower interest rate procurement. The company streamlines the loan fulfillment process which includes shorter approval time and speedy closing.

License Verified:

License: 1485277

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 (23)
Facebook
5.0 / 5 (19)

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
21 N. Quinsigamond Ave, Shrewsbury, MA 01545
  • New Construction

Why choose this provider?

Security First Mortgage Funding serves individuals and families in the Springfield metro and nearby locations. It assists clients in obtaining pre-qualification, gathering the required documents and credit reports for their application, and closing their home purchase throughout the loan process. It offers a wide variety of loan programs, such as conventional, VA, USDA, and FHA mortgages. The company's website includes calculators to help clients with matters like amortization, debt consolidation, mortgage refinancing, and loan comparisons.

License Verified:

License: 252771

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 (83)
Facebook
5.0 / 5 (54)

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

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 can one increase the chances of receiving the best options for refinancing in Springfield?

    One can increase the chances of receiving the best options for Springfield refinancing by having excellent credit. This means having a minimum credit score of 720. One can also get the best options by having at least 20 percent home ownership or equity. To obtain equity, one may buy the home through a down payment, gain more equity when the home’s value goes up, or shell out the premium downpayment on the property.

  • When should a Springfield resident refinance?

    A Springfield resident should refinance if they want to reduce their interest rate and decrease overall costs. They may also apply for refinancing if they want to decrease risk through a loan with a fixed rate, which offers stable monthly payments. Those who refinance also want to decrease the length of the loan through larger monthly payments that decrease overall long-term costs. Finally, if the homeowner needs money for certain expenses, they can get it through cash-out refinancing.

  • Who were the direct lender and borrower of the 24-million-dollar refinancing loan for a Springfield Marriott-branded hotel?

    The direct lender and borrower of the 24-million refinancing loan arranged by the Marcus and Millichap Capital Corporation (MMCC) for a Springfield Marriott-branded hotel has so far not been disclosed. This hotel is the 266-room Marriott Springfield Downtown, which is situated in western Massachusetts overlooking the Connecticut River. The loan has a 6.25% interest rate, an amortization schedule of 25 years, and a loan-to-value ratio of 47%. The loan’s originator is MMCC’s Robert Damigella.

  • Why should a Springfield citizen refinance an existing home instead of opting to rent?

    It is more advantageous for a Springfield citizen to refinance an existing home instead of opting to rent because equity cannot be built in a rental property. Rent payment is also not tax deductible, while the interest of a mortgage may be. Rent rates almost always increase during lease renewal, but a fixed-rate mortgage’s payments do not. Closing costs can also be tax deductible.

  • Can solar panels affect selling and refinancing Springfield homes?

    Yes, solar panels may threaten Springfield homeowners’ chances of selling and refinancing their property, as first reported by the I-Team of 22News. I-Team said solar companies essentially put liens on houses they installed solar panels on. Donald Ashe from the Register of Deeds of Hampden County said that since solar companies register them under financing statements or UCC filings, they are a lien. This interferes with selling or refinancing, states loan officer AnneMarie Tucker of Agawam’s Academy 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.