Expertise.com

2024

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Best Mortgage Refinance Companies in Brick

Our Recommended Top 8

We did the research for you!

  • Licensing
  • User Reviews
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Our goal is to connect people with the best local professionals. We scored Brick 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.

47Reviewed

31Curated

8Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

27 Beach Rd Suite 5A, Monmouth Beach, NJ 07750
WebsiteLicense: 1706303

Expertise.com Rating

Review Sources

Google
4.8 (35)

Why choose this provider?

Sea View Mortgage is a Monmouth Beach-based business that caters to clients in Brick and the neighboring communities. It assists clients who are seeking to refinance their mortgages to lower interest rates and shorten loan terms. It also helps individuals and families purchase single-family and multi-family residences, condominiums, townhouses, and manufactured homes. The company's team crafts various loan programs, such as FHA, VA, USDA, and jumbo mortgages. Fixed-rate, adjustable-rate, interest-only, and graduated payment mortgage options are also available.

  • New Construction
  • Reverse Mortgages

1800 Rt 34, Wall, NJ 07719
WebsiteLicense: 19375

Expertise.com Rating

Review Sources

Google
4.9 (45)

Why choose this provider?

Jeff Coon is the branch manager of the Purchase Pros team at AnnieMac Home Mortgage, which serves the Brick metro. He provides residential lending with a focus on purchasing mortgage loans. His team offers various loan products, such as 203(k) renovation, Jumbo, USDA, VA, FHA, and conventional loans. For first-time home buyers, Jeff has partnered with AnnieMac Private Equity Cash2Keys for easier access to loan programs. He has been in the mortgage business since 2001 and has closed around 2,000 mortgage loans.

  • Reverse Mortgages

1650 Lexington Ave, Lakewood, NJ 08701
WebsiteLicense: 17280

Expertise.com Rating

Review Sources

Google
5.0 (164)

Why choose this provider?

Leiman Mortgage Network addresses the refinancing needs of customers in Brick. The firm works with individuals looking to refinance multifamily and single-family residences, manufactured homes, townhouses, and condominiums. Its team members offer fixed-rate and interest-only mortgages and jumbo, VA, FHA, and USDA rural development loans. They direct borrowers to the company's website, which features investment tools, enabling them to evaluate their various financing options using its interactive calculators. Founder Nick Leiman began working in the mortgage business in 2002 as a loan originator.

  • New Construction
  • Reverse Mortgages

55 North Main Street, Toms River, NJ 08753
WebsiteLicense: 80015

Expertise.com Rating

Review Sources

Google
4.8 (598)
Facebook
4.9 (384)

Why choose this provider?

Oceanside Mortgage Company has been serving customers in Brick since 1999. It caters to clients planning to refinance their homes and provides FHA streamline and cash-out refinance options. Its cash-out refinance services enable borrowers to obtain funds to renovate or repair their homes, consolidate a first and second mortgage, and reduce their monthly payments. The agency works with customers through the application process and extends its offerings to VA, USDA, and manufactured home loans for those looking to purchase a property.

  • Reverse Mortgages

57 East Water Street, Toms River, NJ 08753
WebsiteLicense: 2087976

Expertise.com Rating

Review Sources

Google
5.0 (3)

Why choose this provider?

Loan officer Emanuel Murrell assists clients in Brick and surrounding areas under the banner of privately-owned residential mortgage banker NJ Lenders Corporation. Murrell works with homeowners who are considering refinancing for different reasons, such as shortening their loan terms, removing PMI, or taking cash out to consolidate their debt. Aside from popular purchase loans including FHA, VA, and USDA, he also handles non-warrantable condo financing and reverse mortgages. Murrell is a certified real estate agent and title producer.

  • New Construction

30 Main Street, Toms River, NJ 08753
WebsiteLicense: 273170

Expertise.com Rating

Review Sources

Google
5.0 (29)
Facebook
5.0 (9)

Why choose this provider?

New Jersey Mortgage Services caters to the refinancing goals of residents in Brick. To lessen the stress in the refinancing process, the company implements strategies such as verified pre-approval arrangements and online loan applications. It delivers a variety of refinancing programs, like FHA streamline loans and conventional mortgages with rate or term change and cash-out options. Broker-owner Tom Altieri has been in the industry since 1984 and hosts the informational podcast New Jersey Mortgage Minute.

  • New Construction

1416 Hooper Ave, Toms River, NJ 08753
WebsiteLicense: 1794878

Expertise.com Rating

Review Sources

Google
5.0 (60)

Why choose this provider?

Joe Rowen is a loan advisor at Advisors Mortgage Group who serves individuals and families throughout Brick and nearby areas. He has been in the mortgage industry for eight years, taking care of the mortgage needs of clients who either want to buy, refinance, or renovate properties by offering a wide selection of loan programs. These include FHA, VA, and conventional loans and Rowen helps clients compare each to determine the best option that suits their needs.

  • New Construction

1670 Route 34, Suite 3B, Wall Township, NJ 07727
WebsiteLicense: 5415

Expertise.com Rating

Review Sources

Google
5.0 (67)
Facebook
5.0 (48)

Why choose this provider?

Red Oak Mortgage, Inc, attends to the mortgage needs of residents in Brick. It provides home refinance loans for personal and investment properties, assisting clients who wish to cash out from their equity and reduce their monthly payments and interest rates. The company also offers various loan programs, including conventional, FHA, VA, USDA, fix and flip, and extended rate locks. President and mortgage banker Brian LaRue established Red Oak Mortgage, which has been in business for over 15 years.

  • Commercial Loans

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.
  • Is refinancing a good strategy for consolidating high-interest debts in Brick?

    Yes, refinancing can be an effective strategy for residents of Brick looking to consolidate high-interest loans. By leveraging the competitive rates of first-lien mortgages, homeowners can reduce costs from debts like credit cards, auto loans, or HELOCs. To evaluate the feasibility of this strategy, borrowers must tally their monthly dues and total debt and consult a local loan officer. Combining these debts into a new cash-out home loan can decrease monthly payments or enable quicker debt clearance.

  • How can homeowners in Brick benefit from mortgage refinance appraisals?

    Homeowners in Brick can capitalize on mortgage refinance appraisals by gaining an accurate market valuation of their property, understanding their potential borrowing power or available cash-out, and strategically leveraging lower interest rates to minimize monthly expenses. Engaging with a knowledgeable mortgage broker further ensures they adhere to the nuances of refinance guidelines, optimizing the refinancing process.

  • How do conventional lenders in Brick view homeowners' equity when refinancing?

    In Brick, conventional lenders typically prefer homeowners to have at least 20% equity for smoother refinancing. Those with less can anticipate steeper rates and potential fees. Equity below 20% often mandates private mortgage insurance, which can significantly boost monthly costs. However, certain lenders might waive PMI for borrowers with an exemplary payment history. If a home's value has dipped since its purchase, leading to PMI upon refinancing, the cumulative financial benefits might be marginal.

  • What are mortgage points, and how do these affect Brick homeowners who are seeking to refinance?

    In mortgage terms, one point represents 1% of the borrowed sum; thus, for a loan of $100,000, a single point equates to $1,000. These charges are typically given to lenders to finalize specific loan conditions. Discount points prepay a portion of the interest, effectively diminishing the loan's interest rate. For Brick homeowners considering refinancing, buying discount points can lead to decreased monthly dues. Nonetheless, assessing the initial expense versus potential long-term benefits remains vital, particularly if planning a brief residency.

  • What are the advantages and requirements of a cash-out refinance for homeowners in Brick?

    For Brick homeowners, a cash-out refinance lets them unlock their home's accumulated equity, securing a new, larger mortgage that replaces the prior one without adding an extra payment. Upon completion, the funds derived from equity can be utilized freely. To qualify, borrowers typically need a credit rating of 580 or higher, subject to loan type—be it VA, FHA, or Conventional—and should have ample home equity aligned with their fiscal objectives.

  • 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.