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Best Mortgage Refinance Companies in Newark

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Aceland Mortgage logo
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Aceland Mortgage

16 Orange St. Ste 101, Bloomfield, NJ 07003
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  • Multi-Family Loans

Business Description

Aceland Mortgage is a locally owned and operated firm that serves homeowners and property investors in and around the Newark area. Established in 2003, the agency offers a wide selection of loan products, such as fixed-rate mortgages, VA, FHA, USDA, jumbo, and rehab loans. Its team of agents assists clients who own different types of residential properties, including condominiums, single-family homes, and townhouses, throughout the process of the Freddie Mac Relief refinance mortgage program. CEO William Halick has been working in the industry since 2000.

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 (22)
Facebook
5.0 / 5 (20)
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.
4.0
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––
AMS Mortgage Services, Inc. logo
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AMS Mortgage Services, Inc.

375 Chestnut St 3C, Newark, NJ 07105
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  • New Construction

Business Description

AMS Mortgage Services, Inc., serves the lending needs of real estate professionals, builders, and individual homebuyers. The agency, established in 1992, has access to a full range of mortgage sources to help clients find loan solutions that fit their unique needs. Its mortgage professionals also offer refinancing assistance to clients who are looking to reduce their monthly payments, cash out some of their equity, or consolidate their existing debts. The firm accommodates loan applications online 24/7.

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
4.5 / 5 (17)
Google
4.5 / 5 (8)
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.
5.0
Responsiveness
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First Alliance Home Mortgage logo
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License Verified:

License: 5034

Nationwide Multistate Licensing System and Registry

First Alliance Home Mortgage

20 Jackson Drive, Cranford, NJ 07016
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  • Reverse Mortgages

Business Description

First Alliance Home Mortgage has been providing Newark clients with a broad range of mortgage refinance programs since 2004. These include fixed-rate mortgages, interest-only mortgages, reverse mortgages, graduated payment mortgages, FHA loans, and VA loans. The firm's mortgage professionals assist clients in every step of the loan process, from submitting loan applications to signing closing documents. They also help borrowers get through the challenges that they might encounter while securing a loan.

License Verified:

License: 5034

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.
4.6
Facebook
4.6 / 5 (43)

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
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Detail
Golden Mortgage Corporation logo
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License Verified:

License: 26454

Nationwide Multistate Licensing System and Registry

Golden Mortgage Corporation

206 U.S. 202, Bridgewater Township, NJ 08807
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  • Reverse Mortgages

Business Description

Golden Mortgage Corporation is a mortgage and mortgage refinance company offering a range of home buying solutions to customers in Newark since 1998. The team works with customers looking to refinance their mortgage to lower interest rates and payment terms or take a cash-out for home improvements, college funding, and debt consolidation. It advises them on the best mortgage deals on the market and which options to consider for their particular financial scenario. Golden Mortgage Corporation offers fixed- and adjustable-rate refinance loans, FHA and VA refinance loans, and cash-out refinance.

License Verified:

License: 26454

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
Yelp
5.0 / 5 (1)
Keypoint Mortgage logo
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License Verified:

License: 298422

Nationwide Multistate Licensing System and Registry

Keypoint Mortgage

150 Morris Avenue, Springfield, NJ 07081
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  • Reverse Mortgages

Business Description

Keypoint Mortgage LLC is a mortgage refinance company near Newark, working with clients from all over the locality and beyond. The team listens to clients' specific needs, assesses which of the several loan options available may be best to help them, and with the use of leading technology, personalizes several mortgage options for them in real-time. The company strives to offer the very best rates and options for all client needs, including those looking to refinance in order to lower their loan rates, reduce the repayment term, or obtain a cash-out for debt consolidation or investment.

License Verified:

License: 298422

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.
4.4
Google
4.4 / 5 (37)

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
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Helpfulness
Detail
Kingdom First Mortgage logo
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License Verified:

License: 341713

Nationwide Multistate Licensing System and Registry

Kingdom First Mortgage

655 Amboy Avenue, Woodbridge Township, NJ 07095
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  • Commercial Loans

Business Description

Kingdom First Mortgage is a mortgage purchase and refinance company working with clients from all over Newark and the surrounding communities. It offers advice to clients who are considering refinancing their mortgages by helping them understand the benefits of the process and how to expedite it. The team provides clients with all the terms, facts, numbers, and options that they need to make an educated decision. And if refinancing isn't the right choice for the client at the time, the loan officers advise so. Clients can call or visit the company's FAQ page for more information about refinancing.

License Verified:

License: 341713

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
Facebook
5.0 / 5 (43)

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
Michael J. Bovaird logo
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License Verified:

License: 223593

Nationwide Multistate Licensing System and Registry

Michael J. Bovaird

41 Newark St., Hoboken, NJ 07030
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  • New Construction

Business Description

Michael J. Bovaird has been helping individuals and families in Newark with their mortgage refinancing needs since 2003. He is a loan officer with NJ Lenders Corp., offering assistance with mortgage refinancing to help clients convert adjustable rates into fixed rates, lower mortgage rates and payments, take cash out to consolidate debts, and remove mortgage insurance. NJ Lenders Corp. was established in 1991 and has closed over 100,000 mortgage loans in 13 states, including New York, Connecticut, Florida, and Massachusetts.

License Verified:

License: 223593

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
4.9 / 5 (48)
Facebook
4.7 / 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
Mortgage First Direct, Inc. logo
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Mortgage First Direct, Inc.

1923 Springfield Ave, Maplewood, NJ 07040
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  • Multi-Family Loans

Business Description

Mortgage First Direct, Inc., provides home loan solutions to the people of Newark and the surrounding areas. The company works with a network of hundreds of lenders to find the right loan program and interest rate for each client. The available loan programs include FHA, VA, USDA, and jumbo mortgages. Its specialists also assist clients with any difficulties that may arise during the loan application process. Mortgage First Direct has been in operation since 2000.

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
4.5 / 5 (57)

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
NorthStar Funding logo
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License Verified:

License: 139369

Nationwide Multistate Licensing System and Registry

NorthStar Funding

15 Wilkinson Avenue, Building B Floor 2 Unit 2 B-3, Jersey City, NJ 07305
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Business Description

NorthStar Funding is a financial firm that caters to clients located in Newark. It handles mortgage refinancing for both conventional and FHA loans. It also offers options HELOC, FRM, veterans administration, and luxury home construction loans. The company is a licensed mortgage broker in Florida, North Carolina, Georgia, Massachusetts, South Carolina, and New York. It is also an official mortgage consultant for SUNY - Manhattan. Its experienced staff has undergone training and work on flexible schedules. They also have access to niche programs.

License Verified:

License: 139369

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.
4.6
Google
4.6 / 5 (128)

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
Starr Mortgage Company logo
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Starr Mortgage Company

511 S Orange Ave #2100, Newark, NJ 07103
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  • New Construction

Business Description

Starr Mortgage Company is a full-service firm that has been serving Newark and its surrounding communities since 2004. It offers a wide range of loan programs involving financing for foreign nationals, non-warrantable condo projects, construction to permanent loans, divorce mortgage planning, and no income verification investment properties. Its mortgage broker, Jonathan Starr, is a lawyer who decided to pursue his passion for mortgages, real estate, and helping people achieve their financial goals. He also assists with setting up mortgage arrangements for couples going through a divorce.

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 (8)
Yelp
5.0 / 5 (8)

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
The Rosario Team logo
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License Verified:

License: 264752

Nationwide Multistate Licensing System and Registry

The Rosario Team

3322 Route 9 South, Old Bridge, NJ 08857
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  • Reverse Mortgages

Business Description

The Rosario Team is a group of home refinancing professionals serving Newark and its neighboring communities. It assists clients who want to modify their loan terms, consolidate multiple debts, and obtain lower interest rates through home refinancing. It also offers different refinancing programs to clients with other loan needs, such as FHA streamline and USDA rural streamline refinance options. The Rosario Team is managed by Carlos Rosario, a loan professional associated with CrossCountry Mortgage.

License Verified:

License: 264752

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
4.1 / 5 (9)
Facebook
4.6 / 5 (9)

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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Top Vine Mortgage Services, LLC logo
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License Verified:

License: 1390034

Nationwide Multistate Licensing System and Registry

Top Vine Mortgage Services, LLC

786 Mountain Boulevard, Watchung, NJ 07069
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  • Reverse Mortgages

Business Description

Top Vine Mortgage Services LLC is a mortgage and mortgage refinance company near Newark. Licensed in NY, NJ, PA, CT, FL, and VA, the award-winning team at Top Vine Mortgage Services combines a determination to provide customers with the utmost professionalism, privacy, and support in helping determine the best financial scenario. By partnering with the nation's top financial institutions and leveraging many years of experience and deep industry insights, the team can help clients looking to refinance their mortgage find the best deals on the market. Online applications are possible, and clients can always call for more information.

License Verified:

License: 1390034

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 (11)
Yelp
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
Back to Providers

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.

What is the average closing cost to refinance a mortgage?

The average closing cost when refinancing a mortgage is $4,345. Closing costs may be much higher or lower depending on the amount of money borrowed. If you see an ad that says there are no closing costs, the costs are factored in elsewhere in the terms of the loan.

How often can you refinance a mortgage?

You can refinance a mortgage as often as you like, however, if you refinance frequently, it can cost more in fees than you save on interest. Some reasons for refinancing repeatedly include a sharp drop in interest rates or going through a life event, such as a divorce.

When is it worth it to refinance a mortgage?

It’s worth it to refinance when interest rates drop and refinancing will save you money. It also may be worth refinancing if you need to access some of your home’s equity to cover other expenses. Refinancing may be worthwhile if you're switching from a variable to a fixed rate mortgage.

Can you refinance a mortgage with no closing costs?

You can refinance a mortgage without paying closing costs at the time. However, those costs are still owed and are factored in elsewhere in the financing. Lenders either add the costs to the principal owed or increase the interest rate on your refinanced mortgage loan.

Can you refinance a home equity loan into a mortgage?

You can refinance a home equity loan into a mortgage in some situations. You have to have excellent credit to do this. Additionally, you must have enough equity in your home to qualify for a new mortgage that pays off the existing mortgage and your home equity loan.

Can you refinance a mortgage without a job?

In some situations, you can refinance your mortgage if you don't have a job. It depends on the lender, because some will allow it and others won’t. A qualified mortgage refinance broker can help connect you with lenders that consider your situation. You have to submit documentation about your unemployment and the income you have.

Can you refinance a mortgage with bad credit?

It’s possible to refinance a mortgage if you have bad credit. If your payment record with your current lender is good, you can discuss refinancing with that lender. You may also be able to refinance a mortgage by going through a government-backed lender, such as the USDA or FHA.

Can you refinance a second mortgage?

It’s possible to refinance a second mortgage. If your credit score improves or interest rates drop, refinancing a second mortgage may save you money. Either of these situations can provide a way for you to get a lower interest rate. Refinancing a second mortgage can also sometimes shorten your loan repayment period.

Can you refinance a first mortgage and not a second?

You can refinance your first mortgage and not the second one, but it can be difficult. You have to get the lender of your second mortgage to agree to the refinancing. The process is called resubordination, and some home equity lenders won’t agree. Additionally, lenders typically charge extra fees to resubordinate a loan.

How often should you refinance your mortgage?

There is no recommended frequency for refinancing a mortgage. How often you should refinance is determined by when it will save you money. If you can get better terms on your mortgage by refinancing, then it’s a good time to take action.

What should you expect when refinancing a mortgage?

When refinancing a mortgage, expect to answer a lot of questions and provide documentation to back up your answers. You'll may also pay fees and closing costs of around $5,000. Additionally, expect to start over in terms of building home equity, because refinancing takes the amortization process back to the beginning.

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