Expertise.com

2024

Last updated:

Best Mortgage Refinance Companies in Queens

Our Recommended Top 10

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 Queens 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.

1229Reviewed

741Curated

10Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

62-79 Woodhaven Blvd, Rego Park, NY 11374
WebsiteLicense: 148800

Expertise.com Rating

Review Sources

Google
4.0 (8)
Facebook
5.0 (7)
Yelp
4.0 (5)

Why choose this provider?

Professional Mortgage Solutions, Inc., has been rendering financial services for individuals and families in Queens since 1997. It helps home owners who are looking to purchase properties or refinance an existing first mortgage to cash out, lower their monthly payment, or change their loan terms. It also aids seniors who are seeking lines of credit utilizing the Federal HUD Home Equity Conversions Mortgages (H.E.C.M.) programs. In addition, PMSI is well-versed at mixed-use property financing. Additionally, Professional Mortgage Solutions offers loan programs and provides its clients with purchase and refinance tools which may be accessed through its website.

  • New Construction

7030 137 Street, Kew Gardens Hills, NY 11367
WebsiteLicense: 52081

Expertise.com Rating

Why choose this provider?

Summit Funding is a mortgage broker helping the residents of Queens achieve their homeownership goals. It assists the buyers of primary residences, second homes, or investment properties in lowering their mortgage rates, reducing the terms of their loans, and cashing out their home equity through refinancing. The brokerage provides a mortgage calculator to help clients project their potential expenses. It strives to help them make informed decisions by considering their financial needs and concerns. Summit Funding has been in business since 1987.

  • New Construction

61-43 186th St Suite 100, Queens, NY 11365
WebsiteLicense: 1174255

Expertise.com Rating

Review Sources

Google
5.0 (169)

Why choose this provider?

Prime Pioneer Capital Corp caters to clients looking to purchase or refinance a property in Queens and the surrounding areas. Its residential mortgage options have no stated income requirement and are also available to foreign nationals. Its loan officers deal with various property types, including condos, residential family homes, mixed-use, dormitories, churches, and office buildings. The company has more than a decade of experience guiding clients from mortgage applications to closing to help them make informed decisions.

  • Multi-Family Loans
  • Commercial Loans
  • New Construction

110 Jericho Turnpike, Suite 214 Room 2, Floral Park, NY 11001
WebsiteLicense: 885573

Expertise.com Rating

Why choose this provider?

Home Funding LLC delivers comprehensive solutions to mortgage borrowers in the Queens metro. The company assists homeowners in refinancing existing mortgages to programs such as HARP 2.0, ARMs, FRMs, and jumbo and FHA loans. Its loan officers guide clients in searching for suitable rates, preparing the necessary paperwork, and navigating through the appraisal process. One of these officers, Sanjeev Ahuja has been in the financial services industry for over 25 years. He holds an MBA.

1 World Trade Center, 57th Floor, New York, NY 10007
WebsiteLicense: 2025201

Expertise.com Rating

Review Sources

Google
4.7 (408)
Yelp
4.0 (245)

Why choose this provider?

Network Capital is a direct lending company that caters to clients in Queens and nearby communities. It offers refinancing services that help eliminate mortgage insurance, reduce payments and interest rates, convert ARMs to fixed rates, and lock in lower rates. It transforms clients' equity into cash surplus for investment properties, debt consolidation, home improvement, and life events. The company has various loan types available, including conventional, FHA, and VA. Network Capital has been in the industry for over two decades.

  • New Construction

4802 25th Avenue, Suite 303, Astoria, NY 11103
WebsiteLicense: 58702

Expertise.com Rating

Review Sources

Facebook
5.0 (19)
Yelp
3.5 (15)
Google
4.7 (14)

Why choose this provider?

Lyons Mortgage Services, Inc., is a lending company financing new homes, commercial property investments, and delinquent borrowings in Queens. Since 1996, it has provided refinancing solutions to lower interest rates, build or cash out equities, and convert adjustable-rate mortgages to fixed-rate loans. The mortgage banker assists clients in the loan process, from filing an application to underwriting and closing. Its website processes payments and keeps records of loan-related details, including mortgage and escrow balances, insurance premiums, and tax duties.

  • Reverse Mortgages

55-25 69th Street 1st Floor, Maspeth, NY 11378
WebsiteLicense: 4138

Expertise.com Rating

Review Sources

Google
4.8 (32)

Why choose this provider?

Channel Mortgage is a brokerage firm that has been serving individuals and families in Queens and the surrounding areas since 2004. It helps clients consolidate their debt, build up equity more quickly, or cash out through mortgage refinancing programs. It also helps customers convert adjustable-rate or fixed-rate mortgages to low fixed-rate loans. In addition, it offers a wide assortment of home purchase loans. The Channel Mortgage leadership team has more than five decades of combined industry experience.

  • New Construction
  • Reverse Mortgages

211-35 Jamaica Ave, 1st Floor, Queens Village, NY 11428
WebsiteLicense: 1279925

Expertise.com Rating

Review Sources

Google
5.0 (107)

Why choose this provider?

Vivid Mortgages Inc. is a team of financial consultants serving the greater Queens area. The company provides refinancing options for people who want to pay off a high-interest credit card, make a significant purchase, remodel their home, or just need financial assistance for some other reason. Its services include debt consolidation, cash-out refinancing, and HELOC solutions. The company's other services involve government loan programs, such as FHA, VA, and rural housing loans. Vivid Mortgages Inc. is associated with NMLS.

  • New Construction
  • Reverse Mortgages

11 Grace Avenue suite 307, Great Neck, NY 11021
WebsiteLicense: 3528

Expertise.com Rating

Why choose this provider?

Powerhouse Solutions, Inc., is a mortgage firm that has been serving clients in and around Queens since 2006. It works with individuals and families seeking to lower their monthly payments or modify their loan terms by applying for a refinancing program. It also helps borrowers who wish to convert their home equity into cash, which they cmay use to pay off high-interest debts like credit cards. Employing a personalized and consultative approach, the agency's team walks clients through the entire home buying and refinancing procedure.

  • Reverse Mortgages

3 Dakota Drive Suite 100, Lake Success, NY 11042
WebsiteLicense: 1862796

Expertise.com Rating

Review Sources

Google
4.9 (321)

Why choose this provider?

Madison Mortgage helps homeowners in Queens to lower their monthly payments and interest rates through its home refinancing loans. Its process begins with clients completing a home refinance analysis request, after which the team will send them options for their specific situation. The team will then assist clients in comparing mortgage interest rates and selecting the best one for their needs. Madison Mortgage, currently led by CEO Shah Tehrany, has been in the industry for over 20 years.

  • Multi-Family Loans

FAQs

  • 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.
  • If a resident in Queens is considering refinancing, what expenses might they anticipate and can these costs be integrated into the new mortgage?

    Residents in Queens can expect fees between 3% and 6% of their current loan balance during a mortgage refinance, and they can opt to fold these charges into the newly refinanced loan, sidestepping the need for direct, upfront payments. Such a choice facilitates an easier shift during the refinancing process.

  • What's the timeline for fund release after refinancing a Queens property?

    Generally, funds become available to borrowers four business days after signing loan agreements for mortgage refinancing in Queens. Following federal regulations, borrowers have a three-day window to retract their loans, allowing for a refund if canceled within that period. The fund distribution adheres to this guideline, ensuring compliance and borrower protection.

  • What refinancing options are available for equity buyout after a divorce in Queens?

    Refinancing and paying out the ex-spouse's share of jointly owned property in Queens can be achieved through a rate and term or a cash-out refinance. The former is advantageous for favorable rates and higher loan-to-value ratios, while the latter allows accessing home equity to compensate the ex-spouse for their share.

  • Is it customary for individuals in Queens to engage an attorney when refinancing their property or during purchase transactions?

    In Queens, it's a personal choice to involve an attorney; while they're often a part of buying processes, refinancing generally sees less attorney involvement. Notably, many regions across the U.S. don't usually involve legal counsel in real estate deals. Thus, the need for an attorney hinges largely on individual preference and the specifics of the transaction.

  • When is Private Mortgage Insurance required for mortgage refinancing in Queens?

    Private Mortgage Insurance or PMI is mandatory for first mortgage refinance transactions when the borrower holds less than 20% equity in the property. The cost of PMI is usually added to monthly mortgage payments. To avoid PMI, putting over 20% down on a property in Queens offers potential savings in monthly mortgage payments.

  • 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.