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2024

Last updated:

Best Mortgage Refinance Companies in New York City

Our Recommended Top 13

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored New York City Mortgage Refinance Companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

4400

Reviewed

2645

Curated

13

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
140 East 45th Street, 31st Floor, New York, NY 10017
  • Multi-Family Loans

Why choose this provider?

GuardHill Financial Corp. is a New York City-based company providing mortgage and refinancing services to homeowners and borrowers. This privately-held company offers mortgages based on liquid assets, HELOC, and loans with flexible lending requirements. It also provides condo, co-op, construction, confirming, commercial, jumbo, and government-backed (FHA) loans. The company also serves foreign nationals, non-qualifying homeowners, self-employed individuals, and low-to-moderate income borrowers. It has over 10,000 customers and more than $20 billion of loans originated since its establishment in 1992.

License Verified:

License: 1609

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
4.6 / 5 (225)
Facebook
5.0 / 5 (58)
Yelp
4.6 / 5 (48)

Website
100 Cedarhurst Avenue, Cedarhurst, NY 11516
  • New Construction
  • Alternative Income Documentation Loans

Why choose this provider?

Block Financial Resources is a mortgage refinancing company in New York that helps those shopping for their dream home get pre-qualified and pre-approved by a lender or acquire a commitment letter from a lender. The business enables those in need of loans to receive their money within one business day. The company aims to make refinancing fast and hassle-free. Block Financial Resources believes in integrity, affordability, and quality customer care. It has been featured in The Wall Street Journal, StreetEasy, and The New York Times.

License Verified:

License: 132830

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 (45)
Google
4.9 / 5 (34)
Facebook
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
Friendliness
Helpfulness
Detail

Website
180 Varick Street, Suite 816, New York, NY 10014

Why choose this provider?

Morty is a home mortgage company that serves individuals and families from New York City. It provides mortgage refinancing and recasting solutions. It also offers personalized loan options for various property types, including single-family homes, duplex units, triplex units, 4-plex units, and condos. Morty has been in operation for more than five years. The company has been featured in Forbes, The Wall Street Journal, Yahoo! Finance, The New York Times, and TechCrunch.

License Verified:

License: 1429243

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.
4.5
Google
4.8 / 5 (38)
Facebook
4.1 / 5 (23)

Website
575 Fifth Ave., Suite 16-130, New York, NY 10017
  • Alternative Income Documentation Loans

Why choose this provider?

Amerifund Home Mortgage, LLC, caters to property buyers and sellers in the New York City metro. It offers term, bridge, and business purpose loans to help clients obtain homes, multi-family apartments, hotels, and commercial properties. The company provides superjumbo, conventional, co-op, and investment properties loan programs. It currently serves various companies, including Mount Sinai Hospital, Fortress Investment Co., Goldman Sachs, and Pepsi Co. Amerifund Home Mortgage has been in the industry since 2002.

License Verified:

License: 53336

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.
4.3

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

Website
369 Avenue X, Brooklyn, NY 11223
  • Refinancing
  • Refinance

Why choose this provider?

New York Mortgage Exchange is a boutique broker that serves clients in the metro area. It helps homeowners in reducing their interest rates through mortgage refinancing. The company also assists clients in switching from adjustable-rate to fixed-rate mortgages. It offers a variety of mortgage loan options, including home equity, construction, jumbo, FHA, and reverse mortgage loans. New York Mortgage Exchange is committed to assisting clients in attaining their homeownership goals by guiding them through the home loan process.

License Verified:

License: 93848

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
5.0 / 5 (34)
Facebook
4.6 / 5 (27)
Yelp
5.0 / 5 (12)

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
455 Central Park Avenue, Suite 206a, Scarsdale, NY 10583
  • Reverse Mortgages

Why choose this provider?

NJ Lenders Corp. is a mortgage company that serves home buyers and homeowners in and around New York City. It provides assistance for clients looking to refinance their loans, whether to remove mortgage insurance, reduce mortgage rates, take cash out for debt consolidation, or shorten loan terms. The company offers a variety of loan products, including jumbo, reverse, USDA, and VA mortgages. Its assistant branch manager, Howard Kleinberg, has been working in the mortgage industry since 1990.

License Verified:

License: 35286

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
3.5 / 5 (25)
Google
4.9 / 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
Responsiveness
Friendliness
Helpfulness
Detail

Website
1411 Highway 35, Ocean, NJ 07712
  • Reverse Mortgages
  • Refinance
  • Purchases

Why choose this provider?

Advisors Mortgage Group is a multi-state mortgage banker offering services in New York City. It helps clients purchase a new home and get a better rate on their loan, assists through the process of a cash-out refinance, and provides guidance on reverse mortgages. The group also offers a specialized program that enables clients to include home renovation costs into their mortgage. Its charitable partners include Trees for Troops, Free Wheelchair Mission, and Holiday Food Drive.

License Verified:

License: 33041

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
5.0 / 5 (61)

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
118-18 101st Avenue, Richmond Hill, NY 11419
  • Residential

Why choose this provider?

Omni Mortgage is a loan and refinancing service catering to property buyers in New York City. Its financing options include reverse mortgages, government loan programs, and refinancing for individuals seeking better payment terms. It helps with every step of the loan process, from deciding on the maximum loan amount to funding. The company focuses on closing loans, employing mortgage processing software and automated underwriting systems. The enterprise has been in business for over 20 years.

License Verified:

License: 20542

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

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
116 E. 30th Street, New York, NY 10016
  • Construction
  • Residential

Why choose this provider?

With an office in New York City, Pan Am Mortgage & Financial Services caters to clients throughout the area. It guides property owners through the mortgage refinancing application process and advises on issues involving pre-qualification and pre-approval. The company regularly updates individuals on the status of their loans. It has experience helping various types of clients, from real estate professionals to individual homebuyers. The company's local branch manager, Thomas Dougherty, has been with the company for over two decades.

License Verified:

License: 3360

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

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.
4.5
Responsiveness
Friendliness
Helpfulness
Detail

Website
7016 Fort Hamilton Parkway, Brooklyn, NY 11228
  • Reverse Mortgages
  • Residential
  • Refinance

Why choose this provider?

Fort Funding Corp. offers mortgage refinancing services to clients in New York City. Since its inception in 1993, the firm has been assisting homeowners and investors in selecting the suitable mortgage for their needs. Rate-and-term, cash-out, and stated income refinancing mortgages are among the program's options. For those aged 62 or older, a reverse mortgage allows them to convert the equity in their house into cash or a line of credit. Fort Funding Corp. also serves clients in New Jersey.

License Verified:

License: 39463

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
Zillow
5.0 / 5 (160)
Google
4.9 / 5 (34)
Facebook
5.0 / 5 (8)

(+1 additional source)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
34-03 Broadway, Astoria, NY 11106
  • Reverse Mortgages

Why choose this provider?

Foxx Capital Funding, Inc. has been catering to real estate investors and first-time homebuyers in New York City since 1999. Its team of loan originators and mortgage brokers can assist clients in securing construction, commercial, and home equity loans. It also covers reverse mortgage, cash-out refinance, and mixed-use and investment properties. The firm also offers its expertise to churches and synagogues. In addition, it provides services related to home improvement and SBA and FHA loans.

License Verified:

License: 26440

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 (16)
Facebook
5.0 / 5 (6)
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
Friendliness
Helpfulness
Detail

Website
61 Broadway Ste 2780, New York, NY 10006
  • Refinancing
  • Refinance

Why choose this provider?

Diversified Funding Group, USA is a mortgage company that serves the residents of New York City and the surrounding areas. It provides mortgage refinancing solutions for clients seeking to lower their term and interest rates, pay off credit card debt or home equity lines of credit, and remove private mortgage insurance. It also assists clients who wish to take cash out from their home’s equity. Diversified Funding Group, USA has been in operation for more than 15 years.

License Verified:

License: 68582

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 (56)
Facebook
5.0 / 5 (5)
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
Responsiveness
Friendliness
Helpfulness
Detail

Website
125-10 Queens Blvd., Suite 316, Kew Gardens, NY 11415
  • Commercial Financing
  • Refinancing
  • Purchases
  • Refinance

Why choose this provider?

Mortgage Depot is a brokerage firm serving residential and commercial clients in New York City. One of its loan consultants, Yury Gokhberg, has been in the industry for over 25 years. He carries experience as a home mortgage loan originator for national banking institutions. Gokhberg provides options for conventional, VA, and FHA renovation loans, in addition to cash-out and non-credit FHA streamline refinance. He educates potential homeowners and guides them through the process of securing a home mortgage loan.

License Verified:

License: 1133788

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 (383)
Yelp
4.0 / 5 (10)
Facebook
5.0 / 5 (3)

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

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 rate and term refinancing, and how can it benefit homeowners in New York City?

    Rate and term refinancing is the process of replacing an existing mortgage with a new one that has a lower interest rate or a more extended repayment period. Lenders issue offers that match national interest rates by examining financial stability variables such as credit standing and debt-to-income ratios. This refinancing approach benefits New York City borrowers by considerably reducing long-term financial responsibilities.

  • Who are the ideal candidates for mortgage refinancing in New York City?

    In New York City, mortgage refinancing suits those with current interest rates at least two percentage points above market rates. However, individual cases may vary, with some benefiting from even smaller differences. Ideal candidates include those who desire a reduced rate, a shorter loan term to build equity faster, a different mortgage type like converting to an ARM with better features, and borrowers who want to access home equity for significant expenses like education.

  • How much are refinance closing costs in New York City?

    Closing costs for refinancing a mortgage in New York City typically range between 3% and 5% of the mortgage amount. These costs encompass various expenses related to underwriting and closing on the loan. Compared to other states, New York's refinancing closing costs stand as the highest across the nation, reflecting the sum of several unique service fees in the state.

  • What is cash-out refinancing, and who in New York City is most suited to utilize this refinancing method?

    Cash-out refinancing allows property owners to leverage the accrued equity in their homes. This refinancing option results in a new loan surpassing the current mortgage's due amount. Once the prior mortgage is settled, owners obtain the surplus funds. In New York City, cash-out refinancing suits those in condos, co-ops, townhouses, or buildings housing up to four families. Those with appreciating properties stand to benefit most.

  • What important aspect of mortgage refinancing homeowners in New York City should be aware of?

    Homeowners in New York City considering mortgage refinancing should recognize that one aspect of this financial strategy may include an extension of the loan period. For those well on their way to settling a previous loan, refinancing could prolong the loan term. While this may offer the allure of reduced monthly payments, it's an essential factor to consider in the context of long-term financial planning.

  • 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.