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2024

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Best Mortgage Refinance Companies in Billings

Our Recommended Top 5

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 Billings 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.

59

Reviewed

37

Curated

5

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
2511 Montana Ave, Billings, MT 59101
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Mann Mortgage Billings is a family-owned company that helps individuals purchase homes in the metro and the surrounding areas. Its team specializes in guiding clients in refinancing their existing loans to obtain lower rates, changing terms, or obtaining cash out for home renovation or personal purposes. The agency carries home-buying loan options, including jumbo, conventional, FHA, and VA loans. It also offers construction loan programs for individuals wanting to build homes suitable to their needs. Mann Mortgage Billings has been operating for over three decades.

License Verified:

License: 2550

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)
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

Website
746 Grand Avenue, Billings, MT 59101
  • Commercial Loans

Why choose this provider?

Wallinder Mortgage Brokers is a veteran-owned business that has been providing loan programs for present and future homeowners in Billings for more than 20 years. It offers local borrowers with home refinancing options that are tailored to their current financial situation. These include FHA, VA, and conventional loans. In addition, the agency assists first-time homebuyers in achieving their homeownership goals through Montana Board of Housing mortgage programs. Owner Kim Wallinder Moffet is a former Realtor and home restoration professional.

License Verified:

License: 260559

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 (13)
Google
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
Responsiveness
Friendliness
Helpfulness
Detail

Website
1320 Division Street, Billings, MT 59101
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Division Mortgage Group, Inc. is a lending firm that serves customers in and around the Billings area. It handles refinancing, mostly in connection with outstanding residential mortgages like FHA, VA, conventional, and rural housing, as well as reverse mortgages. Established in 2007, Division Mortgage Group is NMLS-registered and holder of all NAMB credentials, namely the GMA, CRMS, CMC, and the Lending Integrity Seal of Approval. The firm is also licensed to operate in North Dakota and Wyoming.

License Verified:

License: 140614

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.
4.8
Google
5.0 / 5 (13)
Facebook
5.0 / 5 (8)
Yelp
1.0 / 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
705 5th St W, Billings, MT 59101
  • Reverse Mortgages

Why choose this provider?

Guardian Mortgage is a brokerage that serves individuals and families in Billings. It provides mortgage refinancing services for debt consolidation purposes, lowering clients' interest rates or monthly payments. It also assists with home purchase loans such as conventional, FHA, VA, and reverse mortgages. In addition, the company offers rural development and investment property mortgages. Guardian Mortgage supports the national breast cancer organization Think Pink. It has been in business for more than two decades.

License Verified:

License: 214862

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 (62)
Facebook
5.0 / 5 (7)

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
2646 Grand Avenue, Ste. 2, Billings, MT 59102
  • New Construction

Why choose this provider?

Brian Hafner has been a mortgage loan originator at Universal Lending Home Loans since 2016, serving families and individuals in Billings. He works with clients who turn to mortgage refinancing to improve their financial situation through lower interest rates or reduced terms. The agent helps them review their options to determine if refinancing is a practical move for them. Brian understands the need to keep clients updated as they move through every step in the refinancing process. He speaks at homebuyer seminars and is a Certified Military Home Specialist.

License Verified:

License: 1620055

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 (86)
Google
4.9 / 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

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.
  • Are there costs associated with loan refinancing in Billings?

    Yes, most lenders charge fees for loan refinancing in Billings. It's essential to consider the duration of your stay in the property; if short, monthly savings might not cover these costs. Some lenders offer a higher interest rate but waive all loan-associated expenses. The decision might depend on your current loan's interest rate and financial goals. For instance, if a lender charges $1,000 to refinance, saving $50 monthly, it takes 20 months to recover the initial expense.

  • How can a borrower use the Mortgage Credit Certificate after refinancing in Billings?

    To utilize the Mortgage Credit Certificate after refinancing, borrowers in Billings must apply for its re-issuance. The MCC enables homebuyers to claim a tax credit for a portion of annual mortgage interest (up to $2,000), directly reducing federal tax liability. This credit enhances the buyer's net earnings, potentially increasing qualification capacity for the mortgage loan and saving thousands of dollars over its lifespan.

  • How can a mortgage refinance calculator assist individuals in Billings with decision-making?

    Using a mortgage refinance calculator helps individuals in Billings make informed decisions when comparing offers from different lenders. By inputting new interest rates and loan amounts, it helps estimate potential savings and the "break-even" point where accumulated monthly savings surpass closing costs. This tool provides a clear picture of what to expect during refinancing. Additionally, by entering offers from different lenders, the calculator helps determine the most favorable deal.

  • Is paying discount points for a lower interest rate a wise choice in Billings?

    Yes. In Billings, paying discount points to reduce a loan's interest rate can decrease required monthly payments and potentially allow for a more significant loan amount. The decision hinges on individual circumstances. Short-term property owners may not recover the upfront cost of the discount points through monthly savings. Assess the details of your situation before opting to pay points for a long-term rate reduction.

  • Is it a good idea to lock in a refinance rate with lenders in Billings?

    Yes, after refinance approval, lenders in Billings often offer rate locks. Locking in the current rate is suggested if a person is happy with it. Rate locks span 15 to 60 days. Given daily rate fluctuations, you can float the rate to lock it at a lower point if anticipated. Floating may also suit if you're concerned about a lock expiring before the closing date.

  • 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.