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Best Mortgage Refinance Companies in New York City

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Advisors Mortgage Group logo
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License Verified:

License: 33041

Nationwide Multistate Licensing System and Registry

Advisors Mortgage Group

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

Business Description

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.
4.8
Facebook
4.6 / 5 (91)

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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Amerifund Home Mortgage, LLC logo
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License Verified:

License: 53336

Nationwide Multistate Licensing System and Registry

Amerifund Home Mortgage, LLC

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

Business Description

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
Google
4.5 / 5 (182)
Facebook
4.5 / 5 (57)
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
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Block Financial Resources logo
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License Verified:

License: 132830

Nationwide Multistate Licensing System and Registry

Block Financial Resources

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

Business Description

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
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Diversified Funding Group, USA logo
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License Verified:

License: 68582

Nationwide Multistate Licensing System and Registry

Diversified Funding Group, USA

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

Business Description

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 (37)
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
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Fort Funding Corp. logo
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License Verified:

License: 39463

Nationwide Multistate Licensing System and Registry

Fort Funding Corp.

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

Business Description

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.
4.9
Facebook
4.8 / 5 (17)
Yelp
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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Foxx Capital Funding, Inc. logo
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License Verified:

License: 26440

Nationwide Multistate Licensing System and Registry

Foxx Capital Funding, Inc.

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

Business Description

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 (15)
Facebook
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
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GuardHill Financial Corp. logo
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License Verified:

License: 1609

Nationwide Multistate Licensing System and Registry

GuardHill Financial Corp.

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

Business Description

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.
4.8
Google
4.9 / 5 (183)
Yelp
4.5 / 5 (51)
Facebook
5.0 / 5 (43)
Mortgage Depot logo
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License Verified:

License: 1133788

Nationwide Multistate Licensing System and Registry

Mortgage Depot

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

Business Description

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 (346)
Yelp
4.0 / 5 (9)
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
Morty logo
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License Verified:

License: 1429243

Nationwide Multistate Licensing System and Registry

Morty

180 Varick Street, Suite 816, New York, NY 10014
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Business Description

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.
4.0
Facebook
4.0 / 5 (16)
New York Mortgage Exchange logo
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License Verified:

License: 93848

Nationwide Multistate Licensing System and Registry

New York Mortgage Exchange

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

Business Description

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.
4.9
Google
5.0 / 5 (34)
Facebook
4.4 / 5 (13)
Yelp
5.0 / 5 (11)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
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Detail
NJ Lenders Corp. logo
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License Verified:

License: 35286

Nationwide Multistate Licensing System and Registry

NJ Lenders Corp.

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

Business Description

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 (27)
Facebook
5.0 / 5 (8)
Google
4.7 / 5 (6)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
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Omni Mortgage logo
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License Verified:

License: 20542

Nationwide Multistate Licensing System and Registry

Omni Mortgage

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

Business Description

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
Facebook
4.5 / 5 (57)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Panam Mortgage & Financial Services logo
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License Verified:

License: 3360

Nationwide Multistate Licensing System and Registry

Panam Mortgage & Financial Services

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

Business Description

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
Google
4.5 / 5 (182)
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
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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