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Best Mortgage Refinance Companies in Las Vegas

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Alterra Home Loans logo
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Alterra Home Loans

6623 Las Vegas Blvd S, Suite F-200, Las Vegas, NV 89119
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  • Multi-Family Loans

Business Description

Alterra Home Loans serves individuals and families in Las Vegas and the neighboring communities. The company assists first-time homebuyers and established property owners alike who are looking to refinance their mortgages. It helps clients change their loan terms, improve credit scores, and obtain equity in their homes. In addition to its mortgage refinancing services, it assists clients throughout the homebuying process. Its CEO and co-founder, Jason Madiedo, leads the company with over 25 years of experience. Alterra Home Loans was established in 2006.

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
Facebook
4.6 / 5 (146)
Yelp
1.0 / 5 (1)
Andrew Perez logo
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Andrew Perez

7465 W Lake Mead Blvd, Suite 100, Las Vegas, NV 89128
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  • New Construction

Business Description

Andrew Perez provides mortgage solutions to current and prospective homeowners in the Las Vegas metro. He is affiliated with RWM Home Loans, which helps clients refinance their existing programs to better suit their current financial goals. It also offers various loan options for potential clients. These include conventional, FHA, VA, renovation, USDA, and jumbo loans. Andrew joined the firm after discovering his passion for guiding people through their financial hurdles and helping them realize their dreams of homeownership.

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 (27)
Google
5.0 / 5 (17)
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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Casey Moseman logo
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License Verified:

License: 177506

Nationwide Multistate Licensing System and Registry

Casey Moseman

8345 West Sunset Road, Las Vegas, NV 89113
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  • Reverse Mortgages

Business Description

Casey Moseman is a mortgage refinancing professional serving clients in Las Vegas. She works as a senior loan officer at All Western Mortgage, helping borrowers obtain funding for their dream homes. Moseman provides various loan options for first-time homebuyers, current homeowners, and residential and commercial property investors. These loan options include residential loans, jumbo lending, FHA, and VA loans. Moreover, Moseman is the owner of the Las Vegas Custom Loans.

License Verified:

License: 177506

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 (35)
Yelp
5.0 / 5 (21)
Chaos Home Loans logo
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Chaos Home Loans

900 S. Fourth Street, Las Vegas, NV 89101
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  • Multi-Family Loans

Business Description

Chaos Home Loans is a mortgage brokerage firm serving clients in Las Vegas and nearby areas. It offers mortgage refinancing solutions with various loan types, including conforming, jumbo, and FHA. It also assists clients looking to purchase new properties. Additionally, the company provides special accommodations for veterans and military families using the VA home loan program to purchase new constructions, single-family homes, condominiums, multi-unit properties, and manufactured homes. The Chaos Home Loans team has over 20 years of combined industry experience.

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
4.2 / 5 (74)
Yelp
2.5 / 5 (23)
Colten Mortgage - Nevada logo
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License Verified:

License: 1628879

Nationwide Multistate Licensing System and Registry

Colten Mortgage - Nevada

7251 West Lake Mead Boulevard, Las Vegas, NV 89128
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

Colten Mortgage LLC is a national mortgage broker that works with Nevada clients through its office in Las Vegas. It offers clients a varied selection of financing options, ranging from new construction loans and FHA mortgages to rehab loans and refinancing services. The company's experienced loan officers assist in refinancing mortgages for different types of property such as condo units and single-family homes. Colten Mortgage maintains an in-house loan processing and underwriting division.

License Verified:

License: 1628879

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 (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.
4.0
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Dara Capital Group logo
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License Verified:

License: 1547352

Nationwide Multistate Licensing System and Registry

Dara Capital Group

8084 West Sahara Avenue, Las Vegas, NV 89117
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

Dara Capital Group provides mortgage refinance services to homeowners. It offers refinancing services for several types of residential properties including single family homes, condominiums, townhouses, and apartment complexes. Its refinancing services are accessible via online application and clients who apply receive information and guidance concerning their eligibility for certain refinancing options. Dara Capital Group also offers financing services for initial property purchases and is experienced with a practically every kind of residential loan program including Balloon, reverse, and graduated payment mortgages.

License Verified:

License: 1547352

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
Yelp
5.0 / 5 (2)
Dignified Home Loans, LLC logo
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Dignified Home Loans, LLC

8010 W Sahara Ave, Las Vegas, NV 89117
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  • Reverse Mortgages

Business Description

Dignified Home Loans, LLC, offers mortgage solutions for homeowners and homebuyers in and around the Las Vegas area. Its team assists clients looking to refinance current mortgages, whether to consolidate debt, obtain cash, or lower monthly payments. Its home loan specialists also help homebuyers select from various mortgage options, including jumbo, conventional, FHA, and USDA loans. In addition, they offer reverse mortgages for clients at least 62 years in age. Company CEO Jack Schakett has more than 35 years of industry experience.

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
Yelp
4.5 / 5 (30)
Google
4.9 / 5 (24)

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
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Detail
––
Home Field Lending LLC logo
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Home Field Lending LLC

375 E Warm Springs, Suite 203, Las Vegas, NV 89119
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  • Multi-Family Loans

Business Description

Home Field Lending LLC is a mortgage brokerage that serves clients in and around Las Vegas. It advises first-time and dedicated customers about refinancing options for their households. These options range from fixed to adjustable-rate mortgages. The brokerage then compares these different options to fit their lifestyle, from annual income to taxes and returns. In addition, it reevaluated the cost of each household for potential resale or renovations. The brokerage's president, Dario Medrano, can talk with each client through e-mail and phone call about refinancing and loan options.

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 (52)
IQRate Mortgages logo
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License Verified:

License: 1862492

Nationwide Multistate Licensing System and Registry

IQRate Mortgages

6360 South Rainbow Boulevard, Las Vegas, NV 89118
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

IQRate Mortgages is a mortgage refinance company that offers several types of mortgage services to residents of Las Vegas. The company does cash-out refinances that provide clients with funds that help ease debt and gradually decrease interest. They also do streamlined FHA mortgage refinance, both for credit qualifying and non-credit qualifying clients. Standard refinance packages are also available for clients with conventional mortgages who want to lower interest rates, shorten amortization periods, and apply other advantageous term changes.

License Verified:

License: 1862492

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
Yelp
5.0 / 5 (20)
Jorge Alvarez logo
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Jorge Alvarez

7473 W Lake Mead Blvd Suite 214, Las Vegas, NV 89128
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  • New Construction

Business Description

Jorge Alvarez of Geneva Financial offers mortgage refinancing to clients in and around the Las Vegas metro. The company assists its clients in refinancing to a lower interest rate, converting their adjustable-rate mortgage to a fixed-rate loan. Its team can also assist in shortening the loan term to save money, combining a first and second client to a single loan, and removing private mortgage insurance. Alvarez, an army veteran, has over 20 years of lending experience. He also works as a financial consultant and a home loan strategist.

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)
Nova Home Loans - Las Vegas Office logo
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Nova Home Loans - Las Vegas Office

8345 W. Sunset Road Suite 200, Las Vegas, NV 89113
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  • New Construction

Business Description

The Las Vegas Office of Nova Home Loans has several loan originators, brokers, and advisors catering to individuals and families with mortgage needs. The company helps homeowners with existing mortgage deal with refinancing. It also assists new homebuyers in obtaining either an FHA, VA, jumbo, or USDA loan program. Its other offerings are adjustable-rate, reverse, and fixed-rate mortgage. Nova Home Loans has a down payment assistance program available for teachers, first responders, and qualified armed forces members.

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 (232)
Paramount Residential Mortgage Group, Inc. Las Vegas logo
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Paramount Residential Mortgage Group, Inc. Las Vegas

8683 W. Sahara, Suite 130, Las Vegas, NV 89117
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  • Multi-Family Loans

Business Description

Paramount Residential Mortgage Group, Inc., has been serving clients in Las Vegas and the surrounding areas for more than a decade. It offers several mortgage refinancing programs, including Fannie Mae’s Homestyle Renovation, Freddie Mac’s Home Possible, USDA, FHA, and VA loans. Recognized as one of the top 25 independently owned mortgage lenders in the country, PRMG has more than 150 branches and 1,700 employees. The lender offers in-house processing and financing for first-time homebuyers and multi-dollar loans for experienced homeowners.

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 (84)
Yelp
2.5 / 5 (3)
Pierre La Pres logo
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Pierre La Pres

8925 W. Post Road, Las Vegas, NV 89148
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  • New Construction

Business Description

Pierre La Pres is a loan officer that works for Cornerstone Home Lending, Inc., serving clients in and around Las Vegas. He helps first-time homeowners find refinancing options for both fixed and adjustable mortgage rates. Pierre can calculate the yearly rate and expenses for mortgage options. He also offers custom mortgage refinancing plans that vary in years, annual rate, and spending limit. Furthermore, Pierre processes pre-qualification plans for mortgage loans and refinancing options. He offers consultations through both direct meetings, phone calls, and e-mail messaging.

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
4.8 / 5 (20)
Facebook
4.5 / 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
Pinnacle Lending Group, Inc. logo
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Pinnacle Lending Group, Inc.

6475 S. Rainbow Blvd, Suite 102, Las Vegas, NV 89118
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  • New Construction

Business Description

Pinnacle Lending Group, Inc., caters to clients in Las Vegas and the surrounding communities. It helps homeowners build up their equity faster, consolidate debts, and reduce monthly payments by offering mortgage refinance programs. It also serves those who are refinancing to cash out equity to fund their children's college tuition or home improvements. The loan options it provides are balloon, fixed-rate, interest-only, graduated payment, and reverse mortgages. Pinnacle Lending Group has been in the business for over 15 years.

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.
4.2
Google
4.2 / 5 (36)
Yelp
4.0 / 5 (25)
Facebook
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
Ray Orta logo
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Ray Orta

5275 So. Durango Dr, Las Vegas, NV 89113
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  • Multi-Family Loans

Business Description

Ray Orta is a loan officer who offers financing and mortgage products to house buyers in Las Vegas. The options include conventional, FHA, and jumbo loans covering properties ranging from single-family to multi-family buildings. Orta advises clients on potential refinancing choices that offer more favorable terms than their current plans. He has been a mortgage loan officer for 16 years and is a retired Navy serviceman. His customer base includes military veterans qualified for Veterans Affairs 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
Google
5.0 / 5 (34)
Facebook
5.0 / 5 (2)
SimpliFi Mortgage logo
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SimpliFi Mortgage

10100 W. Charleston Blvd. Ste. 100, Las Vegas, NV 89135
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Business Description

SimpliFi Mortgage offers home refinancing options for clients in Las Vegas. The agency assists individuals in lowering their monthly mortgage fees and obtaining their preferred loan payment terms. Its approach focuses on simplified mortgage application procedures and approvals. Jonathan Gedde, the founder of SimpliFi Mortgage, was named as one of the 100 most influential people in mortgage and lending by the Mortgage Professional America magazine. He serves as the chairman of the Nevada Mortgage Lenders Association.

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 (52)
Streamline Home Loans logo
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Streamline Home Loans

3030 S. Durango Drive, Suite B, Las Vegas, NV 89117
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Business Description

Streamline Home Loans caters to home buyers who need refinancing and mortgage options. It offers various products, including conventional, FHA, jumbo, and USDA loans. The firm also refinances existing arrangements and consolidates debts to reduce the burden on clients. Its managers have over 50 years of experience in the lending industry. They reach out to underserved communities by educating them on the finer points of the financing process. Streamline Home Loans' clients include military service personnel covered by Veterans Affairs.

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 (52)
Yelp
5.0 / 5 (1)
Twyla Gray logo
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License Verified:

License: 315271

Nationwide Multistate Licensing System and Registry

Twyla Gray

5516 South Fort Apache Road, Las Vegas, NV 89148
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

CrossCountry Mortgage and its local branch manager, Twyla Gray, work with mortgage refinance lenders in Las Vegas, to provide the area's homeowners with expert advice and competitive rates. Ms. Gray can talk homeowners through the various factors to consider when refinancing their mortgage to ensure they get a result that satisfies their expectations. Typical refinance loans include conventional fixed-rate mortgages, FHA loans for those with lower incomes, and VA loans for veterans and their spouses.

License Verified:

License: 315271

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.
4.0
Yelp
4.0 / 5 (22)

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
––
UrbanPointe Lending logo
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License Verified:

License: 1766163

Nationwide Multistate Licensing System and Registry

UrbanPointe Lending

9480 S Eastern Ave Ste 274, Las Vegas, NV 89123
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  • Reverse Mortgages

Business Description

UrbanPointe Lending is a mortgage company catering to people in Las Vegas. The firm offers mortgage refinancing. It assists clients in decreasing their interest rates, so they may be able to get another mortgage loan. Aside from lowering clients' interest rates, the firm also assists with transferring from an adjustable-rate to a fixed-rate mortgage and shortening their loan terms. UrbanPointe Lending has committed to making its services accessible to individuals with disabilities.

License Verified:

License: 1766163

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 (22)
Yelp
5.0 / 5 (13)
Valley West Mortgage logo
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License Verified:

License: 65506

Nationwide Multistate Licensing System and Registry

Valley West Mortgage

8010 West Sahara Avenue, Las Vegas, NV 89117
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

Valley West Corporation refinances home mortgages for clients in the Las Vegas metro area and works with both fixed rate and adjustable rate mortgages. Its loan officers discuss refinancing options with clients and direct them towards options that can satisfy their desires for certain financial benefits such as lower monthly payments, lower interest rates, and cash back. In many cases they are also able to complete refinance loans that improve clients' credit scores and consolidate their debt.

License Verified:

License: 65506

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
4.5 / 5 (1)
Winsor Cooper III logo
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License Verified:

License: 317950

Nationwide Multistate Licensing System and Registry

Winsor Cooper III

7251 West Lake Mead Boulevard, Las Vegas, NV 89128
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

Winsor Cooper III began serving homeowners in 1996, joining Veteran United Home Loans in 2008. The lender provides home mortgage refinance in Las Vegas and neighboring areas, helping customers benefit from its competitive rates and Mr. Cooper's experienced advice. Two types of loans are available, VA loans, and VA jumbo loans for homeowners with good credit who require a little more money. Eligible customers include veterans, spouses of those who died on active duty, and current military personnel.

License Verified:

License: 317950

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
4.8 / 5 (4378)
Yelp
4.0 / 5 (277)

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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