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Best Mortgage Refinance Companies in Wilmington

2024

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Providers

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Website
5710 Oleander Dr., Wilmington, NC 28403
  • Reverse Mortgages

Why choose this provider?

Fairway Mortgage of the Carolinas takes care of the refinancing needs of homeowners throughout Wilmington and the surrounding metros. Its mortgage planners work closely with clients to discuss their financial goals to help them find suitable loan products that meet their refinancing needs. Options include cash-out refinance, adjustable-rate, and fixed-rate mortgages. The mortgage lender has been in business since 1996, and it is licensed to provide its services to clients in more than 20 states across the US.

License Verified:

License: 1241792

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 (104)
Google
5.0 / 5 (14)

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
301 Liberty Street, Suite 100, Whiteville, NC 28472
  • NMLS #78989
  • New Construction

Why choose this provider?

Russell Smith with Alcova Mortgage addresses the real estate concerns of clients in and around Wilmington. It caters to first-time and repeat homebuyers, investors, builders, and military service members or veterans seeking refinancing solutions. The agency offers an MCC tax credit program to help borrowers refinance their loans and lower their debt ratios and monthly mortgage payments. It works closely with customers to determine their homeownership goals. The company processes various mortgage products, including USDA, FHA, VA, construction, and conventional loans.

License Verified:

License: 78989

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

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
1994 Eastwood Rd Suite 400, Wilmington, NC 28403
  • Reverse Mortgages

Why choose this provider?

Land Home Financial Services, Inc., serves locals in Wilmington who need refinancing and loan solutions. The company refinances current obligations into more manageable forms. Its team has FHA loans for buyers with less favorable credit conditions and jumbo mortgages for purchasers of high-value assets. Veterans' Affairs options are also available for past and current military personnel. Land Home has been open since 1988 and has online facilities for transacting business remotely with minimal need for physical meetings.

License Verified:

License: 1796

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 (13)

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
6752 Rock Spring Rd, Wilmington, NC 28405
  • New Construction

Why choose this provider?

Alan Efting caters to Wilmington residents who seek refinancing and mortgage solutions. The programs include construction loans and conventional products. Products with fixed and adjustable rates are available and the team has government options for veteran military members. The team refinances current obligations to reduce the burden of fulfillment. Alan Efting maintains an educational blog that informs the public on real estate purchase matters like tax minimization, the nitty-gritty details of acquiring vacation homes, and credit ratings.

License Verified:

License: 93046

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
30 Causeway Dr. Suite F1, Wrightsville Beach, NC 28480
  • New Construction

Why choose this provider?

Coastline Capital Mortgage caters to the needs of residents in Wilmington and the surrounding communities. The company offers customers different loan programs, such as conventional, FHA, jumbo, and VA loans. Its team of mortgage specialists also deals with home equity line of credit (HELOC) and construction loans, which typically cover various items, such as building materials, labor, land cost, and executed documents. Coastline Capital Mortgage applies customer service alongside easy-to-use technology to develop a simple and efficient mortgage process. They also operate not just throughout North Carolina but also in South Carolina, Florida, Colorado, California, and Ohio.

License Verified:

License: 2167479

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 (27)

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
215 Racine Dr 105, Wilmington, NC 28403
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Coastline Mortgage Consultants, LLC, serves Wilmington residents. It works with borrowers who want to refinance their current loans. Its mortgage brokers inform clients about their loan options and assist them in selecting the best refinance program for their current financial situation. The team also offers home purchase loans, such as adjustable-rate, fixed-rate, conventional, jumbo, LEM, and government-sponsored mortgages. Chad Ludwig, the firm's owner, has been in the mortgage business since 1999. He uses his problem-solving abilities to assist families in achieving their homeownership dreams.

License Verified:

License: 106887

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 (65)
Facebook
5.0 / 5 (30)
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
5653 Carolina Beach Rd., Wilmington, NC 28412
  • Reverse Mortgages

Why choose this provider?

Seaside Mortgage Corporation has been offering loan refinancing programs to clients in Wilmington and the surrounding areas since 2000. Its refinancing options include reducing monthly amortizations, lowering interest rates, increasing equity, and cashing out for debt consolidation. In addition to mortgage refinancing, the company also offers basic loan programs including FHA, conventional, VA, USDA, and jumbo loans. Joey Buck, the owner, has more than 25 years of experience in the mortgage and banking industry. His experience helped him build strong relationships with local realtors and builders.

License Verified:

License: 64399

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 (9)
Google
5.0 / 5 (4)
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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
3205 Randall Parkway Ste-211, Wilmington, NC 28403
  • New Construction

Why choose this provider?

National Home Finance caters to individuals in Wilmington who need to refinance existing debts or obtain new mortgages. The team refinances existing debts to take advantage of reduced rates and less burdensome terms that become applicable after a mortgage is initially signed. It has government-sponsored choices that are fit for past and current members of the national defense force, as well as players in the farming sector. National Home Finance also operates across Florida and Virginia.

License Verified:

License: 1099098

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
4.8 / 5 (43)
Facebook
5.0 / 5 (17)

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
4520 Fountain Drive, Wilmington, NC 28403
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Atlantic Coast Financial Services has been serving people in and around Wilmington since 1996. It helps individuals and families improve their financial outlook and maximize their savings by refinancing their homes. Its officers assist clients in comparing refinancing loan rates and terms, enabling them to choose the best mortgage for their needs. They also work with first-time homebuyers and investors applying for loan programs. To help streamline the process, the company provides various tools, such as online application forms and e-signing platforms.

License Verified:

License: 99786

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 (42)

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
8024 Market Street, Unit 10, Wilmington, NC 28411
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Port City Mortgage provides services to homeowners and home buyers in the Wilmington metro. It helps individuals refinance their mortgage loans for their primary homes, investment properties, and vacation houses. These refinancing solutions allow clients to lower their rates, reduce their monthly payments, and change their terms according to their financial goals and needs. The company carries loan options for clients wishing to purchase condominium units, single- and multi-family homes, and townhouses. Port City Mortgage extends its services to Greensboro, Charlotte, Raleigh, and Durham.

License Verified:

License: 1070291

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
Facebook
4.9 / 5 (32)
Google
5.0 / 5 (16)
Yelp
4.0 / 5 (11)

Website
110 Dungannon Blvd #100, Wilmington, NC 28403
  • Reverse Mortgages

Why choose this provider?

Joey Milam Mortgage Team helps Wilmington homeowners refinance existing mortgages to get lower interest rates, expend lower monthly payments, or change loan plans. It assists clients by evaluating their long-term goals and outlining the benefits of various loan programs, such as conventional, jumbo, and VA. The company guides clients through every step of the process, from application to closing, and keeps them informed about the status of their loan application. Founder Joey Milam has been in the industry since 2003.

License Verified:

License: 117399

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 (121)
Facebook
5.0 / 5 (29)

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
7627 Market Street Ste 201, Wilmington, NC 28411
  • Reverse Mortgages

Why choose this provider?

Azalea Coast Mortgage has been catering to the Wilmington metro and the neighboring localities for over two decades. Its team of loan officers helps homeowners refinance an outstanding loan for their single- or multi-family home, condominium, or townhouse to consolidate debt. They offer refinancing options such as FHA Streamline, FHA cash-out, VA cash-out, and VA Interest Rate Reduction Refinance Loan. They also educate clients about the documents required for a loan application and information about the closing process.

License Verified:

License: 56441

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.
4.3
Google
4.4 / 5 (19)
Yelp
3.0 / 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

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.
  • Can you refinance an existing mortgage with a home equity loan in Wilmington?

    In Wilmington, refinancing an existing mortgage using a home equity loan is not possible. A home equity loan functions as a secondary mortgage, enabling you to borrow against the equity in your home. However, it cannot serve as a replacement for your primary mortgage. If you are looking to refinance your current mortgage while also accessing the equity in your home, a viable option you may consider is a cash-out refinance.

  • Can you refinance if your home equity in Wilmington has decreased?

    If the equity in your Wilmington home has decreased, your choices for securing a loan might be more limited. Loans such as home equity loans, HELOCs (home equity lines of credit), and cash-out refinances typically have restrictions on the amount you can borrow, which are determined by your home equity. In some cases, you might only be eligible for a smaller loan amount and not qualify for these loan options at all.

  • Can you refinance a government-backed mortgage to a conventional loan in Wilmington?

    It is possible to switch from another type of loan, such as FHA, VA, or USDA, to a conventional loan in Wilmington, as long as you satisfy the lending requirements. For VA loan holders, a waiting period of 210 days or having made a minimum of six monthly payments (whichever is longer) might be necessary. If you possess a USDA loan, you might need to wait until your home equity reaches a minimum of 3% before being qualified.

  • Are there prepayment penalties for refinancing in Wilmington?

    In Wilmington, prepayment penalties are not allowed for home loans secured by first mortgages of $100,000 or lower. For loans exceeding this amount, prepayment terms can be mutually agreed upon by the lender and borrower. If the loan agreement does not specify prepayment rights, borrowers can repay the loan without incurring penalties.

  • Can you use the same lender for mortgage refinancing in Wilmington?

    In Wilmington, you have the option to refinance with the same lender who originally granted you the loan. However, note that your mortgage lender refers to the institution that initially provided your loan, which might not be the same entity that currently manages your loan. Some mortgage administrators do not initiate their own loans, so you must ensure that you are communicating with the right institution to address your refinancing needs.

  • 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.