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Best Mortgage Refinance Companies in Albuquerque

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Accurate Mortgage logo
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License Verified:

License: 254698

Nationwide Multistate Licensing System and Registry

Accurate Mortgage

6605 Uptown Boulevard Northeast, Albuquerque, NM 87110
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  • NMLS #: 39166

Business Description

Accurate Mortgage is a mortgage refinance company that services the residents of Albuquerque. The business helps individuals in selecting mortgage loans with interest rates that meet their goals. Its team of mortgage brokers is well-versed in handling a wide range of loan programs, such as USDA, VA, FHA, reverse mortgages, green mortgages, and mortgage refinancing. Programs for new construction developers and owners are also available. The firm is presently led by senior loan officer Victoria Leyba.

License Verified:

License: 254698

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 (2)
Facebook
5.0 / 5 (1)

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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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Alliance Mortgage Solutions LLC. logo
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Alliance Mortgage Solutions LLC.

P.O. Box 6846, Albuquerque, NM 87191
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  • Reverse Mortgages

Business Description

Alliance Mortgage Solutions LLC. is a business that serves the residents of Albuquerque and its neighboring metros. It offers a wide range of home refinance loan options, including fixed-rate, adjustable-rate mortgage, and conforming. The company also provides jumbo and super-jumbo loans, as well as VA, FHA, and USDA loans. Its president, Alexander Rodgers, has more than two decades’ worth of experience in the financial industry. He is a financial coach and a former Realtor.

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 (28)

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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
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Change Home Mortgage logo
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Change Home Mortgage

5300 Sequoia Road NW, Suite 204, Albuquerque, NM 87120
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  • Reverse Mortgages

Business Description

Change Home Mortgage is a CDFI-certified residential lending agency that has been serving the Albuquerque metro since 1994. It aims to help homeowners decrease their monthly payments and pay off their mortgage loans faster by offering refinancing solutions. The process includes consulting with mortgage advisors and gathering the necessary documents. In addition, the agency provides traditional and non-traditional mortgage loans. Change Home Mortgage was named the Top Mortgage Employer in 2018 by National Mortgage Professional Magazine and has appeared in National Mortgage News.

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
4.7 / 5 (106)

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
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Elite Financial Mortgage logo
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License: 1797084

Nationwide Multistate Licensing System and Registry

Elite Financial Mortgage

5850 Eubank Boulevard Northeast, Albuquerque, NM 87111
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  • NMLS #: 39166

Business Description

Elite Financial Mortgage is a mortgage refinance company that services clients in Albuquerque. The business helps individuals in selecting the right mortgage loans with the best interest rates. Its team of loan specialists is well-versed in handling a wide range of loan options such as VA, FHA, and USDA. AIO Equity Flex loan and refinance loans are also available. Elite Financial Mortgage is led by Anthony DeNardis who is committed to using advanced technology in delivering quality services.

License Verified:

License: 1797084

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 (59)

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.
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Financial Mortgage Solutions logo
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License: 195794

Nationwide Multistate Licensing System and Registry

Financial Mortgage Solutions

9680 Eagle Ranch Road, Albuquerque, NM 87114
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  • NMLS #: 39166

Business Description

Financial Mortgage Solutions is a local company operating in Albuquerque. It assists clients in purchasing a new home or refinancing by offering a wide range of mortgage programs including FHA, USDA, jumbo, conventional, and reverse loans. Its team of professionals provides information to help clients determine their mortgage needs and decide from a wide selection of home loan options. The company's owner, Brian Mozley, started the company in 2006 and loves being a part of the Albuquerque community.

License Verified:

License: 195794

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 (80)
Yelp
5.0 / 5 (6)

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We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
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Global Funding logo
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License Verified:

License: 197756

Nationwide Multistate Licensing System and Registry

Global Funding

3240-B Juan Tabo Blvd NE Suite 3, Albuquerque, NM 87111
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  • Reverse Mortgages

Business Description

Global Funding serves clients in Albuquerque. The company walks aspiring homeowners through the process of refinancing their mortgages. It helps them lower their interest rates or convert a portion of their home equity into cash. It also assists individuals seeking to qualify for mortgages backed by the VA. The team at Global Funding has more than five decades of combined experience in banking, IT, and real estate. Company president Drake LeMaster is a U.S. Marine Corps veteran.

License Verified:

License: 197756

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.
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Guild Mortgage Company - Albuquerque logo
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License Verified:

License: 3274

Nationwide Multistate Licensing System and Registry

Guild Mortgage Company - Albuquerque

5941 Jefferson Street Northeast, Albuquerque, NM 87109
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  • NMLS #: 39166

Business Description

Guild Mortgage Company is a mortgage refinancing company serving clients in Albuquerque since 1960. The company offers several loan products such as conventional, jumbo, USDA, FHA, and VA loans to various borrowers, including rural residents, first-time homebuyers, and military families. The company was named the Best for Product Selection from the U.S. News & World Report in its Best Mortgage Lenders rankings of 2021. Guild Mortgage Company also supports local charities, including Blue Star Mothers and the San Diego Food Bank.

License Verified:

License: 3274

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
4.5 / 5 (595)
Google
3.5 / 5 (16)

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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
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Indigo Mortgage logo
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Indigo Mortgage

5501 Eagle Rock Avenue Northeast, Albuquerque, NM 87113
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

Indigo Mortgage has been offering mortgage refinance solutions to Albuquerque and surrounding areas since starting in 2003. The company is led by husband and wife Ben and Mila Lucero. Its team of loan processors, loan originators, and brokers assists clients in simplifying the process and finding the right program to meet their needs. Indigo Mortgage offers various loan options, such as reverse mortgages VA loans, residential mortgages, and construction loans. Commercial clients can find options for various properties, such as hotels, repair shops, churches, and storage units.

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.
4.5
Google
4.4 / 5 (142)

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
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Infiniti Mortgage logo
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License Verified:

License: 187935

Nationwide Multistate Licensing System and Registry

Infiniti Mortgage

4801 Lang Avenue Northeast, Albuquerque, NM 87109
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  • NMLS #: 39166

Business Description

Infiniti Mortgage, LLC, is a mortgage refinance company that serves clients in Albuquerque. Its team of professional loan officers has decades of experience in the industry, tasked to guide clients in finding the best loan terms and interest rates. The team is well-versed in handling conventional mortgages, refinancing loans, VA loans, and FHA loans. The company has been providing its services to the community since 2000, ensuring a high level of customer satisfaction at all times.

License Verified:

License: 187935

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
4.9 / 5 (125)
Jack Bibb logo
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Jack Bibb

320 Gold SW, Suite 100, Albuquerque, NM 87102
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  • New Construction

Business Description

Jack Bibb serves Albuquerque and the surrounding communities. He provides mortgage solutions for individuals who are looking to purchase homes and want to further their financial goals. Some of the services he offers include home purchasing and refinancing, and cash-out refinance. Bibb is a mortgage loan officer and also the vice president of PrimeWest Mortgage. He has over 40 years of industry experience and he helps clients understand the mortgage process by explaining the ins and outs of securing loans.

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
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Jim Bakhtiar logo
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License Verified:

License: 779932

Nationwide Multistate Licensing System and Registry

Jim Bakhtiar

6501 Wyoming Boulevard NE, Suite 1, Albuquerque, NM 87109
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  • Multi-Family Loans

Business Description

Jim Bakhtiar offers refinancing services to clients living in Albuquerque. Bakhtiar works under the Cardinal Finance banner, assisting prospective homeowners in reviewing their payment options and rate quotes to make the appropriate purchasing arrangements. Factors such as credit ratings, income, and assets are taken into account and clients receive help with each step in the process from preparing any necessary documents to closing deals. Jim Bakhtiar has over two decades of experience in the mortgage industry.

License Verified:

License: 779932

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
5.0 / 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
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Legacy Mortgage logo
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License Verified:

License: 249314

Nationwide Multistate Licensing System and Registry

Legacy Mortgage

6725 Academy Road Northeast, Albuquerque, NM 87109
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

Legacy Mortgage is a team of loan officers that serves the Albuquerque area. Whether clients need to purchase or refinance loans, they provide assistance in a wide range of programs, from adjustable-rate, jumbo, conventional, and fresh start to VA mortgages. The financing professionals are also knowledgeable of reverse mortgage loans. Legacy Mortgage's advisors are all certified military housing specialists. The company also provides financing solutions to homebuyers and homeowners in Colorado, Arizona, and Texas.

License Verified:

License: 249314

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
4.8 / 5 (21)

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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New Mexico Mortgage Company logo
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License: 1850

Nationwide Multistate Licensing System and Registry

New Mexico Mortgage Company

6303 Indian School Road Northeast, Albuquerque, NM 87110
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  • NMLS #: 39166

Business Description

New Mexico Mortgage Company provides financial solutions for customers in Albuquerque. Its team of mortgage professionals offers different loan programs for individuals who are planning to purchase a home, consolidating debt, seeking a reverse mortgage, or refinancing an outstanding loan. The team assists in the loan process and helps find the right financial solution that fits the client's needs. New Mexico Mortgage Company has various mortgage options, including conventional, VA, FHA, fixed-rate, and mobile home loans.

License Verified:

License: 1850

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
4.8 / 5 (53)
Facebook
4.5 / 5 (16)

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
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New Mexico Reverse Mortgage logo
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License: 2129645

Nationwide Multistate Licensing System and Registry

New Mexico Reverse Mortgage

5820 4th Street NW, Albuquerque, NM 87107
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Business Description

New Mexico Reverse Mortgage assists Albuquerque residents who need financial aid. This assistance consists of helping clients obtain home equity conversion mortgages (HECMs) which were established in 1988. It counsels individuals on the pros and cons of these HECMs such as the non-recourse clause that limits liability to the value of the home, and the accumulation of interest that carries over to one's heirs. New Mexico Reverse Mortgage provides special accommodations for second world war veterans.

License Verified:

License: 2129645

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 (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
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NM Mortgage Advisors logo
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License: 222955

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NM Mortgage Advisors

4811b Hardware Drive Northeast, Albuquerque, NM 87109
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  • Reverse Mortgages
  • New Construction

Business Description

NM Mortgage Advisors provides mortgage refinancing services in Albuquerque and the surrounding communities. The company offers refinancing options that aim to meet the financial goals of its clients. Its team of advisors helps clients cash out or get updated terms or rates. Their refinancing programs include FHA cash out, FHA streamline, and FHA 203K. They also assist veterans in VA cash-out and VA streamline programs. For individuals who have properties in rural areas, the firm assists in USDA streamline refinancing.

License Verified:

License: 222955

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 (84)
Facebook
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
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Premier Choice Mortgage logo
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License Verified:

License: 222955

Nationwide Multistate Licensing System and Registry

Premier Choice Mortgage

6330 Riverside Plaza Lane, Albuquerque, NM 87120
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

Premier Choice Mortgage is an Alburquerque-based brokerage firm that assists residential clients in meeting their financing and loaning needs. The team of loan advisors provides various loan options for clients who are either purchasing a home or refinancing their mortgage. Helping clients find the right program starts with a refinance analysis request that calculates the option most befitting to their criteria. Some of the firm's mortgage programs include jumbo, FHA, USDA, and VA loans, with interest rates that can either be adjustable or fixed.

License Verified:

License: 222955

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 (19)

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
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Tom Gellhausen logo
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License: 440888

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Tom Gellhausen

8421 Osuna Rd. NE, Albuquerque, NM 87111
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  • Reverse Mortgages

Business Description

Tom Gellhausen offers refinancing options to residents of Albuquerque. The team assists homebuyers in lowering their mortgage payments and obtaining cash out of their home equity. It helps individuals seek less burdensome payment schemes, taking into account their credit scores, the value of the properties, and the varied rates and loan programs available on the market. Tom Gellhausen is a senior loan officer with Hometrust Mortgage. He has two decades of experience in the finance and banking sectors.

License Verified:

License: 440888

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 (33)
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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Vision Mortgage Group logo
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License Verified:

License: 212022

Nationwide Multistate Licensing System and Registry

Vision Mortgage Group

4901 McLeod Rd NE # C, Albuquerque, NM 87109
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  • Commercial Loans

Business Description

Vision Mortgage Group serves homeowners in Albuquerque. Its team assists clients with refinancing their mortgage so that they can have lower interest rates and reduced monthly payments. The company can also combine two mortgages to help reorganize a homeowner's finances. For people who are buying a new property, its team provides various loan types, including fixed-rate, VA, and FHA mortgages. Company owner Mo Marwan has more than 20 years of experience in the financial sector.

License Verified:

License: 212022

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 (113)
Yelp
5.0 / 5 (4)

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
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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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