Expertise.com

Best Mortgage Refinance Companies in Albany

2024

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls
Mortgage Refinance Companies FAQs 〉

Providers

Last updated:

Website
440 Route 146, LL, Clifton Park, NY 12065
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Home Choice Capital, Inc., has mortgage refinancing services that cater to Albany residents. Its goal is to give clients choices that fit their needs. The team explains mortgage processes and options to first-time buyers, people looking for their ideal home, and those who seek refinancing programs. Its offerings include Freddie Mac and Fannie Mae mortgage, VA, FHA, and USDA loans. The company also provides first-time home buyer and investment property loan opportunities. Home Choice Capital is owned by Nancy Herrmann, who has been in service for over 15 years.

License Verified:

License: 1948769

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 (36)
Google
5.0 / 5 (5)

Website
763 Saratoga Road, Suite 4, Burnt Hills, NY 12027
  • New Construction

Why choose this provider?

Prosper First Capital is a mortgage brokerage firm that caters to individual homebuyers, builders, and real estate professionals in the Albany metro and nearby areas. It offers traditional and non-traditional financing options, helping clients who are looking to purchase or refinance their homes. Its refinancing programs allow homeowners to utilize their equity to pay off high-interest credit cards or invest it. Peter A. Prosper, III, the owner, brings over 30 years of experience in the industry.

License Verified:

License: 1591260

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 (16)

Website
100 Saratoga Village Blvd Suite 37T, Malta, NY 12020
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Capital New York Home Advantage LLC is a mortgage broker that offers refinance solutions to clients in Albany and the surrounding areas. The team looks for mortgage financing options that would lower monthly amortizations or consolidate debt into one account. It handles loan programs covering properties like single and multi-family houses, condominiums, modular, and mobile homes. The firm is owned by Michael Albano, who has been in the industry for more than 15 years.

License Verified:

License: 709537

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 (18)

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
1218 Central Avenue Suite 2, Albany, NY 12205
  • Reverse Mortgages

Why choose this provider?

Empower Mortgage, LLC, is an Albany-based firm that offers different loans and refinancing plans to local clients. Its mortgage products provide a variety of opportunities for people to fund property improvements and pay their outstanding debts. Its pre-qualification process, which involves credit evaluations and property appraisals, matches applicants with specific programs that suit their financial goals. Empower Mortgage's consultants work alongside a diverse roster of real estate agents from various companies, like Krutz Properties, Empire Homes, and CMK & Associates.

License Verified:

License: 35333

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
4.4 / 5 (27)
Facebook
5.0 / 5 (22)
Yelp
1.0 / 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
Friendliness
Helpfulness
Detail

Website
125 Wolf Road Suite 217, Albany, NY 12205
  • New Construction

Why choose this provider?

Northeast Funding Services is a mortgage company that serves borrowers in the Albany metro. It aims to help clients who want to tap into their home equity, refinance their current mortgage, or buy a new house. Its team provides a selection of refinancing solutions, such as conventional, VA, FHA, USDA, cash-out refinance, and reverse mortgages. It also offers debt consolidation programs. Northeast Funding Services is a local, family-owned business that has been in the industry for over 20 years.

License Verified:

License: 46813

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 (37)
Google
4.7 / 5 (29)

Website
331 Ushers Rd Ste 19, Ballston Lake, NY 12019

Why choose this provider?

Great Home Mortgage of New York supports homebuyers facing trouble paying their debt obligations in Albany. Loan officer David Stickles practices a customer-centered approach by helping clients qualify for mortgage plans that fit their needs. He recommends refinancing and cash-out options, where struggling borrowers enjoy a breathing space to recover from monthly payments and high-interest rates. The lender provides personalized quotes and processes pre-qualification screening and loan approval. It also caters to first-time homebuyers and property investors by offering fixed-rate, rehab, jumbo, low-downpayment, and government-insured loans.

License Verified:

License: 75597

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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
1202 Troy Schenectady Rd, Bldg 3, Latham, NY 12110
  • New Construction

Why choose this provider?

Maple Tree Funding is a locally owned and operated mortgage company serving clients across Albany. It caters to homeowners needing assistance to refinance their current loans to take out cash from their home's equity. It also serves home buyers wanting to obtain their first homes while achieving their financial goals and family needs by applying for mortgage loan programs. Maple Tree Funding extends its services throughout various counties, including Madison, Warren, Broome Fulton, Saratoga, and Washington.

License Verified:

License: 55185

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
Facebook
4.7 / 5 (149)
Google
4.9 / 5 (144)
Yelp
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

Website
21 Everett Rd. Ext., Albany, NY 12205
  • New Construction

Why choose this provider?

Fort Orange Funding LLC offers a selection of mortgage refinancing programs for clients in Albany. It provides fixed-rate and adjustable-rate options with loan terms ranging from five to 30 years. The company provides VA, FHA, jumbo, conventional, and construction loans. Additionally, its refinancing programs work to consolidate debts or convert adjustable to fixed loans. The firm serves various clients, including veterans, military members, investors, and homeowners. Its website includes a number of payment calculators and tools for calculating amortization and the APR.

License Verified:

License: 67822

Nationwide Multistate Licensing System and Registry

Website
4 Winners Circle, Albany, NY 12205
  • New Construction

Why choose this provider?

Founded in 2010, Homeowners Advantage is a mortgage banker in Albany that provides real estate loan options to homebuyers, homeowners, credit unions, real estate professionals, investors, and builders. The agency assists homeowners looking to reduce their monthly payments, increase their cash flow, shorten their loan term, or pay less in interest overall through cash-out refinancing. Homeowners Advantage also provides financing for purchase loans including fixed-rate mortgage, USDA Rural, FHA, and VA. Clients can manage and monitor their mortgages through its online platform.

License Verified:

License: 290363

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 (94)
Yelp
1.0 / 5 (2)

Website
20 King Arthur Way, Hudson, NY 12534
  • Reverse Mortgages
  • New Construction

Why choose this provider?

First Hudson Mortgage Company provides loan options for Albany residents and businesses from local, national, and private lenders. It helps borrowers change the duration of their mortgage loans and lower their fixed interest rates through refinancing. The brokerage's owner, Janet Marsh Ebel, is a loan originator with more than 25 years of industry experience. She offers various mortgage options, such as jumbo, reverse, and FHA loans. Janet works with banks, law firms, and real estate companies in the area to streamline the mortgage process.

License Verified:

License: 71528

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 (4)

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.
  • What is the process of cash-out refinancing in Albany?

    Cash-out refinancing in Albany involves obtaining a new mortgage that exceeds the current outstanding balance on your home loan. This approach allows you to access the additional funds generated from the accumulated equity in your property. Despite the potential increase in your mortgage balance, cash-out refinancing offers the advantage of freeing up cash for various financial purposes, including debt repayment.

  • What are some possible risks of choosing a cash-out refinancing in Albany?

    Cash-out refinancing in Albany is generally considered safe, provided you are prepared to manage the increased mortgage and utilize the withdrawn home equity responsibly, such as for sensible expenses or investments. However, if you intend to use the cash for short-term gain, it is essential to ensure you can handle it without risking your home. To navigate these considerations, seeking advice from an experienced mortgage professional is advisable.

  • How does rate-and-term mortgage work in Albany?

    Rate-and-term mortgage refinancing in Albany works by offering improved mortgage terms without the need to withdraw cash, and this involves restructuring your existing mortgage without engaging in a cash-out transaction. This refinancing option typically provides slightly more favorable interest rates and broader equity guidelines. Conventional rate-and-term refinancing permits borrowers to access up to 95 percent of the property value.

  • Why is it essential to establish your goals when getting a refinance in Albany?

    Establishing your goals is crucial when considering a refinance in Albany. It helps determine the most suitable options for your home loan. To realize your goals, whether to lower monthly payments or reduce the mortgage rate, speaking with an experienced mortgage professional is advisable. You can collaborate with them to understand your needs and tailor refinancing solutions accordingly.

  • What is refinancing in Albany?

    Refinancing in Albany involves swapping out your current mortgage for a fresh one. This procedure shares similarities with obtaining your initial home loan, potentially including steps like a home appraisal or inspection conducted by the new lender. Moreover, refinancing often becomes appealing when interest rates decrease by one percentage point or more, potentially leading to significant savings over time. It's essential to consider your specific financial situation and objectives before refinancing.

  • 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.