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Best Mortgage Refinance Companies in Columbia

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2023
Laurels

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Mortgage Refinance Companies FAQs 〉

Mortgage Refinance Companies FAQs

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Ability Mortgage Group logo
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License Verified:

License: 192444

Nationwide Multistate Licensing System and Registry

Ability Mortgage Group

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200 Arrowhead Way, Queenstown, MD 21658

Business Description

Ability Mortgage Group assists home buyers in acquiring home loans in the area of Columbia and the surrounding communities. The locally owned and operated business offers numerous mortgage options, such as jumbo, VA, FHA, and USDA loans, as well as reserve mortgages and cash-out refinance. In addition, it provides online tools like mortgage and closing cost calculators for clients to utilize. Peter Dellane established the company in 2001. He has the knowledge and connections that allow him to obtain mortgages from major banks at wholesale rates.

License Verified:

License: 192444

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 (113)
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
APEX Mortgage logo
Visit WebsiteWebsite

License Verified:

License: 143255

Nationwide Multistate Licensing System and Registry

APEX Mortgage

Visit WebsiteWebsite
8850 Columbia 100 Parkway Suite 215, Columbia, MD 21045
  • Reverse Mortgages

Business Description

APEX Mortgage caters to customers in Columbia. It serves diverse markets, including people who want to buy their first homes or those who need to consolidate their debts. Its mortgage programs include jumbo, VA, and FHA loans. It also offers conventional and reverse mortgages. Its mortgage professionals work personally with customers to help them find the right loan for their needs. In addition, APEX Mortgage gives clients access to interactive tools that are available on its website.

License Verified:

License: 143255

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.
4.0
Google
4.2 / 5 (111)
Facebook
3.5 / 5 (14)
Yelp
2.0 / 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
Best Loan Choice logo
Visit WebsiteWebsite

License Verified:

License: 1191010

Nationwide Multistate Licensing System and Registry

Best Loan Choice

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30 East Padonia Rd. Ste 408, Lutherville-Timonium, MD 21093
  • New Construction

Business Description

Best Loan Choice is a locally owned and operated mortgage lending company that has been serving Columbia and the surrounding areas since 2014. It offers a variety of mortgage products, including VA, FHA, USDA, and conventional loans. It also offers first-time homebuyer and down payment assistance programs. Its team utilizes proprietary software in order to conduct cost and wealth management analysis and compare hundreds of mortgage rates. The professionals of Best Loan Choice have over four decades of collective lending experience.

License Verified:

License: 1191010

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
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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.