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Best Mortgage Refinance Companies in Edison

2023

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Website
16 Emerson Street, East Brunswick, NJ 08816
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Stephen Gall is a branch manager and MLO at Aceland Mortgage, LLC, and has been in the mortgage industry for over 20 years. Gallo Mortgage Team with Aceland Mortgage serves individuals and families across the Edison area. The mortgage company offers a range of purchase and refinance options to meet local borrowers' needs, whether for buying single-family, condominium, townhouse, or multi-family homes. The purchase and refinancing programs include conventional, FHA, VA, jumbo, non-QM, and commercial financing.

License Verified:

License: 205469

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 (55)
Google
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
959 Route 46 East, Suite 401, Parsippany, NJ 07054
  • New Construction

Why choose this provider?

Kwik Mortgage caters to investors and buyers in Edison. For more than two decades, its team has been assisting families and individuals in acquiring their dream residential properties through its refinancing solutions. The company helps clients estimate their homes' value, switch mortgage loans, and lower interest rates. It also caters to first-time homebuyers who need guidance in processing FHA, VA, jumbo, fixed- or adjustable-rate, and conventional loans. The agency was named one of the Top Mortgage Employers by Mortgage Professional America in 2021.

License Verified:

License: 138075

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.
4.7
Google
4.6 / 5 (40)
Facebook
4.9 / 5 (36)

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
1316 Bound Brook Road, Suite 2C, Middlesex, NJ 08846
  • Reverse Mortgages

Why choose this provider?

The Rate House addresses the mortgage concerns of families and individuals in and around Edison. Its team helps clients refinance their residential properties through its cash-out refinance or debt consolidation and no-cash-out refinance or rate and term solutions. The agency assists customers in estimating their homes' value and current mortgage balance. It handles various types of single- and multi-family homes, townhouses, condominiums, and manufactured homes. The Rate House has been in business for over 15 years.

License Verified:

License: 1611117

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 (90)

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
210 Haven Avenue, Scotch Plains, NJ 07076
  • New Construction

Why choose this provider?

In a span of over 20 years, American United Mortgage Corporation has helped thousands of families in and around Edison achieve their homeownership goals. The team offers mortgage refinancing options to those looking to lower their monthly payments and interest rates, convert an adjustable-rate mortgage to a fixed-rate one, or tap into the equity of their homes. American United Mortgage is led by Joseph M. Farella, a mortgage banking professional and the author of the books "Insider Secrets to Home-Buying Success" and "Your Guide to Homeownership."

License Verified:

License: 75965

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 (5)

Website
894 Green St STE B, Iselin, NJ 08830

Why choose this provider?

American Dollar Funding is a family business that has been serving clients in the Edison metro for more than 40 years. It offers mortgage refinancing services with varying terms for 10 years to 30 years fixed rate mortgages. It also offers FHA loans to help low-credit homebuyers purchase a property. In addition, it has commercial mortgages available for multifamily apartment buildings, malls, and warehouses. The company has been part of the featured lenders on Yahoo Finance and Bankrate.com.

License Verified:

License: 250784

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.
4.1
Google
4.1 / 5 (11)

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.
4.8
Responsiveness
Friendliness
Helpfulness
Detail

Website
280 Woodbridge Avenue, Woodbridge, NJ 07095
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Abdel Khawatmi is a mortgage lender working with Paramount Residential Mortgage Group handling clients in Edison. He provides refinancing analysis to help customers reduce interest rates, and monthly payments or change the length of mortgage terms. His services also include assisting clients with home purchase loans and understanding the debt-to-income ratio. He provides personalized service and informs clients regarding their loan options including 15 and 30 tears mortgage terms, adjustable rate mortgages, and FHA, VA, or jumbo loans.

License Verified:

License: 1712023

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 (119)
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
115 Main Street 2nd Floor, Woodbridge, NJ 07095
  • Reverse Mortgages

Why choose this provider?

Garden State Lending offers various mortgage refinancing options to clients in Edison and the surrounding areas. Whether borrowers are looking to refinance for reduced interest rates, lower monthly payments, debt consolidation, or home improvement, the team is ready to assist them with cash-out, VA, or FHA solutions. With access to more than 100 investors, the company provides many loan programs for acquiring residential, commercial, and multi-family properties. Its CEO, Cedric Harris, has over 10 years of mortgage experience.

License Verified:

License: 784442

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 (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
Suite 1547-D Finnegan Lane, North Brunswick, NJ 08902
  • Refinance
  • New Purchases
  • New Construction
  • Reverse Mortgages

Why choose this provider?

HomeGotOwned caters to homeowners and home buyers in Edison and its neighboring communities. It provides a number of refinancing options, which cater to clients looking to lower interest rates, lengthen mortgage terms, or convert home equity to cash. Cash-out, cash-in, no-closing-cost, and rate-and-term are the refinancing choices it offers. The brokerage also provides loan programs for homeowners planning to renovate their properties. HomeGotOwned's other products include FHA and VA loans and graduated payment and interest-only mortgages.

License Verified:

License: 1464824

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 (152)

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
485 US 1 S, Bldg E Ste 250, Iselin, NJ 08830
  • Reverse Mortgages

Why choose this provider?

LemonBrew caters to residents living in Edison who have mortgage and refinancing needs. The business has options with periods ranging from nine to 28-year fixed terms and employs advisors to educate home buyers on the nitty-gritty details behind the purchase process. Refinancing solutions are available, and the team has title insurance services to protect against fraudulent sellers. LemonBrew’s lending division has operations spanning 20 states. The mother company also provides home insurance solutions.

License Verified:

License: 198414

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.
4.7
Facebook
4.7 / 5 (14)
Google
4.8 / 5 (11)

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
51 Cragwood Rd. Suit 305, South Plainfield, NJ 07080
  • Multi-Family Loans

Why choose this provider?

Lava Mortgage Solutions accommodates the borrowing needs of residents in Edison. It strives to provide stress-free refinancing loan applications to homeowners who want to restructure their loans or get cash from equity. Its process is completely online and starts with clients creating an online account so that they can submit documents and sign an application. Their loans are then underwritten and reviewed by a lender before they are closed. The company also offers construction and commercial loans.

License Verified:

License: 2268322

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
197 Rt 18 South Suite 110S, East Brunswick, NJ 08816
  • New Construction

Why choose this provider?

AnnieMac Home Mortgage - East Brunswick caters to home buyers and homeowners in Edison and the neighboring areas. It helps clients refinance their mortgage loans to reduce their monthly payments or archive their financial goals. It also serves individuals wishing to purchase residential properties using mortgage loan options, such as jumbo, conventional, FHA, and USDA. Renovation and construction mortgage loan programs are also available for clients wishing to build or improve their homes. The shop caters to veterans and their families needing VA loan options.

License Verified:

License: 799303

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 (144)

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
900 Oak Tree Rd B, South Plainfield, NJ 07080
  • Reverse Mortgages
  • New Construction

Why choose this provider?

Alliance Mortgage is an independently owned and operated brokerage firm that serves the residents of Edison and the surrounding areas. It helps clients lower their monthly payments, use their equity, or update their home's look and value through refinancing programs. It refinances different types of existing mortgages, including FHA, VA, USDA, jumbo and super jumbo, and conforming loans. The company also helps with 15-year and 30-year fixed-rate mortgages and has been in business for more than 17 years.

License Verified:

License: 187908

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 (184)

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
343 Thornall St. Suite 550, Edison, NJ 08837
  • New Construction

Why choose this provider?

Michael Borodinsky serves Edison by offering mortgage refinancing. He provides different loan options to clients in various situations. Borodinsky offers conventional home loans that have low interest rates, including HomeOne, HomeStyle Renovation, HomePossible, and HomeReady loans. He facilitates FHA loans, such as FHA 203k and FHA Streamline Refinance options. Borodinsky also offers VA loans to military personnel and veterans and USDA loans to rural home buyers. Borodinsky was awarded by the National Association of Home Builders as 2020’s Mortgage Professional of the Year.

License Verified:

License: 460228

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 (106)
Facebook
5.0 / 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
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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.

  • Can refinancing help eliminate private mortgage insurance in Edison?

    Refinancing can help remove private mortgage insurance if homeowners in Edison can reduce their loan balance or experience a rise in their home's value. This can result in a situation where their equity reaches at least 20% or their loan-to-value ratio is not over 80%. PMI is required by lenders when a borrower has at least 20% equity or a loan-to-value of 80% or less.

  • Is it possible to refinance a fully leased industrial/research and development building in Edison?

    Yes. JLL has successfully facilitated a $7.2 million loan to support the refinancing of a 63,200-square-foot industrial and research development building in Edison. Michael Klein and Max Custer from JLL negotiated the five-year fixed-rate loan in conjunction with Signature Bank, acting on behalf of the borrower, Northpath Investments. When the loan was approved, the building was fully leased.

  • What are the benefits of low mortgage rates for refinancing in Edison?

    Low-rate mortgage refinancing allows Edison homeowners to reduce their monthly payments by $100 to $300. In addition, opting for a lower refinancing rate permits them to tap into their home equity. Through a cash-out refinance, they would be provided with a one-time payment that could be used to settle their existing mortgage and cover closing costs. The remaining sum can then be utilized according to their discretion.

  • What are the key factors Edison homeowners must consider before deciding to refinance their existing mortgages?

    Before choosing to refinance their existing mortgages, Edison homeowners should understand that they are applying for an entirely new mortgage. Consequently, this could entail potential obligations to cover closing costs and assorted fees once the application is successfully endorsed. Moreover, opting for adjustable-rate loans increases the probability that their interest rates will rise at some point in the immediate future.

  • How important is underwriting to the mortgage refinancing process in Edison?

    In Edison, underwriting is a critical step in the mortgage refinancing process, just as in the initial mortgage application process. Underwriting is the thorough evaluation of borrowers' financial and creditworthiness. It involves assessing various aspects of their financial situation to ensure that they meet the lender's criteria for lending.

  • 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.

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