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Best Mortgage Refinance Companies in Akron

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Brooker logo
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License: 235766

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Brooker

10749 Pearl Rd., Suite 2-D, Strongsville, OH 44136
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  • Reverse Mortgages

Business Description

Brooker is a full-service mortgage company that works with individuals and businesses in Akron and the surrounding locations. The company's team helps its clients pay off their mortgages faster through a detailed analysis of their situation and refinancing services. It also has a selection of mortgage options, including FHA, VA, and USDA loans. Mal Brooker, the company's third-generation president, entered the industry in 2006 after recognizing the opportunity for improvement in the market's existing mortgage services.

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License: 235766

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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
5.0 / 5 (4)

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5.0
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CHM Lending logo
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License: 243256

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CHM Lending

2211 Medina Rd, Medina, OH 44256
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  • New Construction

Business Description

CHM Lending is a mortgage broker serving residents of Akron. It assists homeowners who are seeking to reduce their mortgage rates and monthly payments. It offers refinancing options, such as conventional, cash-out, debt consolidation, FHA streamline, and VA streamline. The company also provides various loan products for the purchase, renovation, and construction of homes. It works with different lenders to help clients find suitable options. CHM Lending was established in 1992, and its team has a combined industry experience of more than 45 years.

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License: 243256

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 (128)
Facebook
5.0 / 5 (16)

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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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Cleveland Mortgage Corporation logo
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License: 1652918

Nationwide Multistate Licensing System and Registry

Cleveland Mortgage Corporation

16000 Pearl Rd, #214, Strongsville, OH 44136
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  • Multi-Family Loans
  • Commercial Loans

Business Description

Cleveland Mortgage Corporation serves families and individuals in Akron and the surrounding areas. It offers a variety of refinancing options, such as investment property, vacation home, VA, renovation, FHA, and conventional loans. The company also provides construction loans and doctor programs. Its team of professionals educates borrowers on various aspects of the mortgage process. The president of Cleveland Mortgage Corporation, Gary Weinhauer, has over 20 years of experience in the field. He holds degrees in finance and economics.

License Verified:

License: 1652918

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
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5.0 / 5 (21)

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Crefco Financial Group, Inc. logo
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License: 209249

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Crefco Financial Group, Inc.

20600 Chagrin Blvd Ste 200, Shaker Heights, OH 44122
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  • Multi-Family Loans

Business Description

Crefco Financial Group, Inc., is a Shaker Heights mortgage company that offers conventional, government, and special loan programs for home financing and refinancing in the Akron metro. It helps clients in the application and approval process for replacing their current mortgage loans with new ones to shorten mortgage terms, obtain lower interest rates, or tap into home equity for emergency funds. Crefco Financial Group's conventional loans are offered under the standards set by Fannie Mae and Freddie Mac.

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License: 209249

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
4.8 / 5 (123)

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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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First Ohio Home Finance, Inc. logo
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License: 130439

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First Ohio Home Finance, Inc.

3575 Forest Lake Drive, Uniontown, OH 44685
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

First Ohio Home Finance is a mortgage refinance company near Akron. It offers its clients the opportunity to take advantage of refinancing solutions to lower interest rates, reduce their loan term, or access cash from their home equity to finance home renovations or other large purchases. The company's loan options include USDA rural development loans, conventional mortgages, FHA loans, and government-insured VA loans. Conventional mortgages are available with fixed-rate or adjustable-rate terms.

License Verified:

License: 130439

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 (38)

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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Michael Sweigert logo
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License: 1240868

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Michael Sweigert

24 N Front St, Burbank, OH 44214
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  • Multi-Family Loans
  • Reverse Mortgages

Business Description

Michael Sweigert, dubbed as the #BeardedBanker, is a certified veteran mortgage adviser who offers home purchase and refinancing services to clients in Akron. He caters to first-time home buyers and current owners who either need to acquire a new residence or rearrange their current payment terms. He runs a podcast and produces videos that educate consumers on the finer points of housing finance options. These products include FHA-backed selections, VA, and jumbo loans. The agent's clients include military service personnel.

License Verified:

License: 1240868

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 (15)

Professionalism:

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Signature Group logo
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License: 2272414

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Signature Group

4790 Douglas Circle NW, Suite A, Canton, OH 44718
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  • New Construction
  • Reverse Mortgages

Business Description

Signature Group is a mortgage company associated with Eustis Mortgage, serving clients in Akron and nearby areas. It offers home refinance loans to reduce interest rates and monthly payments, helping clients pay off their existing mortgage with a new one. Its loan options include fixed-rate, ARM, jumbo and super jumbo, FHA, VA, and USDA loans. Signature Group has provided over 20,000 families with over $4 billion in residential loans since it was founded in 1996.

License Verified:

License: 2272414

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
Facebook
4.5 / 5 (25)

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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Summit Home Lending logo
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License: 1884721

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Summit Home Lending

72 N. Main Street, Suite 310, Hudson, OH 44236
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  • Reverse Mortgages

Business Description

Summit Home Lending provides mortgage services to clients in the Akron metro and the neighboring cities. It caters to individuals wishing to refinance their mortgage loans to reduce their rates and monthly expenses. It also gives clients various loan options, such as adjustable rate, jumbo, FHA, VA, USDA, and HARP, to help clients purchase their first homes or invest in real estate properties. The company's president, Greg Curran, has been serving in the lending industry since 2004.

License Verified:

License: 1884721

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 (53)

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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The Mortgage Guys logo
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License: 133519

Nationwide Multistate Licensing System and Registry

The Mortgage Guys

50 Baker Boulevard, Fairlawn, OH 44333
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  • Reverse Mortgages

Business Description

The Mortgage Guys offers home mortgage refinance near Akron. The company's mortgage professionals have more than 30 years of combined experience in the mortgage industry. Its refinancing options include FHA financing, VA loans, USDA rural housing loans, and conventional mortgages. Each customer works with a loan officer to customize a refinancing option that works best for them and helps them achieve their financial goals. The Mortgage Guys also offers creative and commercial loans.

License Verified:

License: 133519

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 (56)

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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The Stoffer Mortgage Company, Inc. logo
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License: 1848066

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The Stoffer Mortgage Company, Inc.

100 30th St NW, Suite 106, Canton, OH 44709
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  • Multi-Family Loans
  • Commercial Loans
  • New Construction
  • Reverse Mortgages

Business Description

The Stoffer Mortgage Company, Inc., delivers a variety of financing solutions for clients in Akron. These products include arrangements backed by the FHA, conventional, and VA loans. The group employs professionals who take care of each step in the process, ranging from the initial consultation to the underwriting and closing. Stoffer Mortgage began in 1992 when it was founded by Mike Stoffer, who sold it off in 2009. It closed in 2012 and was restarted in 2019 by the original founder.

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License: 1848066

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
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4.0 / 5 (9)
Verity Loans logo
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License: 2031727

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Verity Loans

31320 Solon Road Suite 17, Solon, OH 44139
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  • Reverse Mortgages

Business Description

Verity Loans is a firm that caters to clients in Akron. Through refinancing services, it helps homeowners obtain cash, set up lower payment schemes, or shorten mortgage terms. The firm has experience assisting clients through the refinancing process by analyzing factors like credit scores, monthly payments, and home values. It also deals with home buyers and offers FHA or conventional mortgage options. Ray Antonelli, its operations manager, has over 20 years of experience handling mortgage loans.

License Verified:

License: 2031727

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 (43)
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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