Expertise.com
2024

Last updated:

Best Mortgage Refinance Companies in Canton

Our Recommended Top 5

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 Canton 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.

45

Reviewed

29

Curated

5

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
2715 Wise Avenue NW Suite 100, Canton, OH 44708
  • Reverse Mortgages

Why choose this provider?

Schumacher Mortgage caters to Canton homeowners who are considering refinancing their residential properties. The firm offers a wide variety of flexible construction, traditional, and portfolio loan programs to clients who are looking to reduce monthly payments, cash out some of their equity, or consolidate existing debts. Loan options are also available for clients who want to purchase homes, whether they are first-timers or seasoned investors. Matt Glynn, the president of Schumacher Mortgage, has originated more than 225 loans worth and over $100 million in volume.

License Verified:

License: 2101256

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 (16)

Website
1790 Town Park Blvd., Uniontown, OH 44685
  • Commercial Loans

Why choose this provider?

Charlie Badida delivers mortgage and refinancing services to first-time and upgrade-minded home purchasers in the Canton neighborhood. Together with the United Trust Bank, the loan officer refinances existing debts and has reverse mortgages for senior citizens in his portfolio of solutions. He also has selections tailored to the needs of real estate investors. Charlie has a checklist and cheat sheet on his website that informs clients about the documentary and bureaucratic aspects of real estate transactions.

License Verified:

License: 278307

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 (161)
Facebook
5.0 / 5 (55)

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
4790 Douglas Circle NW, Suite A, Canton, OH 44718
  • Commercial Loans

Why choose this provider?

Signature Group provides mortgage services to clients across Canton and the surrounding areas. It offers to refinance clients' current loan programs to help them take cash from their home's equity, lower their monthly payments, and reduce their interest rates. It also provides different loan options, such as USDA, FHA, and VA, to help individuals and families purchase homes. Signature Group has been operating since 1996. It also allows clients to view and sign documents 24/7 using digital platforms.

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.
5.0
Google
5.0 / 5 (360)
Facebook
4.5 / 5 (34)
Yelp
3.0 / 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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
1953 Englewood Ave., Akron, OH 44312
  • Reverse Mortgages

Why choose this provider?

Schmidt Mortgage Company has been serving people in Canton and nearby areas since 1940. It provides mortgage refinance solutions that help clients lower monthly payments, shorten loan terms, get cashouts, or switch to a fixed-rate product. It refinances primary, secondary, and investment properties with one to four units. The company offers conventional, FHA, and VA IRRRL loans and is a division of Click n’ Close, Inc. Its COO, Dan Forshey, has over two decades of experience in retail and wholesale lending.

License Verified:

License: 663482

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 (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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
4194 Fulton Drive NW, Canton, OH 44718
  • Reverse Mortgages

Why choose this provider?

American First Bancorp serves borrowers throughout Canton. It offers a wide variety of loan programs for clients seeking to refinance their current mortgages such as FHA, VA, USDA, and 203k loans. Cash-out and no cash-out refinance options are also available. Shirley J. Kracker, one of the company's loan officers, carries more than 35 years of experience in the industry and is a part of the Quota Club of Canton, a service organization for people with hearing or speech impairments.

License Verified:

License: 278891

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 (26)
Google
4.3 / 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

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.
  • Would it be more advantageous if you refinance with the same lender in Canton?

    There are advantages and disadvantages to refinancing with the same lender. The benefits include money and time savings. You can save money with your current lender on loan origination, home appraisal, mortgage insurance, and title insurance. Because the lender already has some of your financial information and relevant paperwork, the refinance process may be faster. The disadvantage is that you will miss out on better rates and services if you switch lenders in Canton.

  • Can a homeowner in Canton refinance an Ohio Housing Finance Agency (OHFA) loan?

    Yes, homeowners can refinance an OHFA loan that came with down payment assistance and is due within seven years and will not be re-subordinated by the OHFA. A credit score of 640 will be required, as well as other requirements. Refinancing options for homeowners include conventional and government-backed loans. Contact an OHFA-approved lender in Canton to get started.

  • Are recent mortgage rates in Canton and throughout Ohio low?

    Mortgage rates in Ohio have recently been low, with some of the lowest in the last 50 years. These are even lower than the national averages. Fixed-rate 30-year mortgage rates are just above 3%. For the last 10 years, 30-year loan rates have remained below 5%. These rates, however, fluctuate from time to time, depending on the economy, demand, and loan type. Currently, lenders in Canton and throughout the state are offering 3% refinancing programs.

  • Does the City of Canton provide assistance to residents with rehabilitating homes?

    The Rehabilitation Division of the City of Canton Department of Community Development serves residents in this matter. It offers programs to rehabilitate homes for the low-to-moderate-income population not served by housing providers. If you need more information, schedule an appointment with a loan processor at 330-489-3040. The division's office is on the fifth floor at 218 Cleveland Ave SW, Canton, Ohio 44702.

  • Is an appraisal needed to refinance a home loan in Canton?

    An appraisal is usually required, especially for cash-out refinances. FHA Streamline Refinance, VA Streamline Refinance, and USDA Streamline Refinance are three loan types that do not require appraisals when refinancing. In some cases, an appraisal waiver may be all that is required. The value of the Canton home is determined in this case using automated data from the underwriting system.

  • 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.