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Best Mortgage Refinance Companies in Cleveland

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AMKO Lending logo
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License: 1804948

Nationwide Multistate Licensing System and Registry

AMKO Lending

2019 Center Street, Cleveland, OH 44113
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

AMKO Lending is a team of mortgage advisors who serves the Cleveland area. Its professionals assist clients needing to consolidate debt, tap into home equity, shorten mortgage terms, or lower monthly payments, and they provide guidance throughout the entire home refinancing process. In addition, the brokers help investors and homebuyers purchase loans. Marshall, AMKO Lending's CEO, has more than a decade of experience in the industry. He and his team have over 45 years of mortgage experience.

License Verified:

License: 1804948

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 (62)
AnnieMac Home Mortgage logo
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License: 1815813

Nationwide Multistate Licensing System and Registry

AnnieMac Home Mortgage

6100 Oak Tree Blvd South Suite 200, Independence, OH 44131
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  • New Construction

Business Description

AnnieMac Home Mortgage offers refinancing products to customers living in Cleveland and the surrounding areas. The firm works with conventional, USDA, and FHA loans. It counsels clients on making the choices least burdensome to them. The company deals with first-time buyers, educating them on the importance of a property's location, their own incomes, and the time they plan to spend before resale. AnnieMac Home Mortgage conducts its annual “Fetch The Ball” Golf Tournament for the benefit of the Freedom Service Dogs of America.

License Verified:

License: 1815813

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 (13)
Facebook
5.0 / 5 (5)
Brooker logo
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License: 235766

Nationwide Multistate Licensing System and Registry

Brooker

10749 Pearl Rd., Suite 2-D, Strongsville, OH 44136
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  • New Construction

Business Description

Brooker is a mortgage company serving the residents in Cleveland and its neighboring areas. The business offers a wide range of programs for clients seeking refinancing products that satisfy their needs at competitive terms and costs. Its team guides borrowers through a detailed analysis of their current financial situation to assess if refinancing is the best option. Other products from the company include FHA loans for clients with low credit scores and VA, conventional, and investor loans.

License Verified:

License: 235766

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
4.8 / 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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Cleveland Mortgage Corporation logo
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License: 1652918

Nationwide Multistate Licensing System and Registry

Cleveland Mortgage Corporation

16000 Pearl Rd, Strongsville, OH 44136
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  • New Construction

Business Description

Cleveland Mortgage Corporation serves clients in the local community and the neighboring areas. It provides mortgage refinancing options for homeowners and homebuyers, including conventional, fixed-rate, adjustable-rate, FHA, and VA loans. The mortgage lender also offers investment property, construction, renovation, and second or vacation home loans. Owners Gary Weinhauer and Jason Chatal have more than 40 years of collective industry experience. Gary educates and guides borrowers through the mortgage process, while Jason works with builders and real estate agents in the area.

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
Facebook
5.0 / 5 (21)
Google
4.5 / 5 (15)

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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CREFCO Financial Group, Inc. logo
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License: 209249

Nationwide Multistate Licensing System and Registry

CREFCO Financial Group, Inc.

20600 Chagrin Blvd Ste 200, Shaker Heights, OH 44122
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  • Reverse Mortgages

Business Description

CREFCO Financial Group, Inc., is a mortgage company that caters to the needs of homebuyers in the Cleveland area and surrounding communities. Its professionals help first-time buyers and seasoned purchasers in securing financing programs such as conventional loans, FHA mortgage loans, and USDA loans. These professionals also assist clients in taking refinancing options suitable for their needs and guide them in completing the loan process. CREFCO Financial Group operates mainly on a referral business model.

License Verified:

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 (125)

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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Gold Star Mortgage Financial Group - Cleveland logo
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Gold Star Mortgage Financial Group - Cleveland

3500 Lorain Ave, Suite 300, Cleveland, OH 44113
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  • Reverse Mortgages

Business Description

Gold Star Mortgage Financial Group offers its services to clients in Cleveland and the surrounding areas. It offers a variety of home financing solutions, such as conventional, reverse, and jumbo financing mortgages. Government loans, including FHA, VA, and USDA rural development, and downpayment assistance are also available. The company's loan officers help clients determine how much they can afford and guide them through options responsive to their needs. Its branch manager, Matthew Kirschling, is a licensed loan officer in Arizona, Colorado, Georgia, New Jersey, and Texas.

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)
Google
5.0 / 5 (8)

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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Homecision logo
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License Verified:

License: 1831865

Nationwide Multistate Licensing System and Registry

Homecision

25050 Country Club Blvd, North Olmsted, OH 44070
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  • New Construction

Business Description

Homecision is a mortgage company serving Cleveland and its surrounding communities. It helps individuals with their home financing needs by presenting a wide range of loan programs including conventional, jumbo, VA, FHA, ARM, and USDA. Reverse mortgage options are available for homeowners who are at least at the age of 62. The loan application process involves a consultation with a mortgage planner and gathering the documents needed. The company also provides virtual calculators to compute home valuation, property tax, and monthly HOA.

License Verified:

License: 1831865

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
4.8 / 5 (27)

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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––
Liberty Home Mortgage Corporation logo
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License Verified:

License: 1114762

Nationwide Multistate Licensing System and Registry

Liberty Home Mortgage Corporation

6225 Oak Tree Blvd, Independence, OH 44131
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  • New Construction

Business Description

The Liberty Home Mortgage Corporation works with clients in Cleveland. Its team helps property owners who want to refinance their loans for lower interest rates and smaller monthly payments. Clients can also get help with consolidating multiple mortgages so that they can organize their finances. In addition, the company offers first-time and veteran buyers a wide range of property loans like FHA, VA, and USDA. It also provides mortgages to people who are buying homes that need rehabilitation.

License Verified:

License: 1114762

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
4.5 / 5 (367)

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
––
Nations Lending Parma logo
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License Verified:

License: 794548

Nationwide Multistate Licensing System and Registry

Nations Lending Parma

1113 Rockside Rd, Parma, OH 44134
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  • Multi-Family Loans

Business Description

Nations Lending Parma has been providing home financing solutions to families in Cleveland and the surrounding areas since 2003. Whether the client is refinancing or purchasing his or her first home, its local mortgage advisors give custom-tailored financial solutions. They have a Home Affordable Refinance Program and a variety of manufactured home loan options. Other types of home loans include conventional, FHA, VA, ARM, and USDA. Nations Lending was also featured in several publications, such as Entrepreneur and HuffPost.

License Verified:

License: 794548

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
4.7 / 5 (51)
Facebook
4.0 / 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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Reliance First Capital, LLC. logo
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License Verified:

License: 58775

Nationwide Multistate Licensing System and Registry

Reliance First Capital, LLC.

6155 Rockside Road Bldg. #1, Suite 401, Independence, OH 44131
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  • Reverse Mortgages

Business Description

Reliance First Capital, LLC., is a mortgage refinancing firm serving Cleveland. The company caters to customers looking to refinance their mortgage or purchase a new home. It has a wide selection of loan programs, including refinance, jumbo, FHA, and VA loans, in addition to debt consolidation and manufactured homes. Its professionals customize the programs according to the customers' unique needs. The company is an authorized Freddie Mac and Fannie Mae lender. It also serves as a member of the Mortgage Bankers Association.

License Verified:

License: 58775

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.
4.1
Google
4.8 / 5 (241)
Facebook
3.7 / 5 (29)
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
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Detail
––
Rockway Mortgage Company, Inc. logo
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License Verified:

License: 1732152

Nationwide Multistate Licensing System and Registry

Rockway Mortgage Company, Inc.

20525 Center Ridge Rd 138, Rocky River, OH 44116
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  • Multi-Family Loans

Business Description

Rockway Mortgage Company, Inc. caters to clients in the Cleveland area. Its advisers help homeowners who want to refinance their loans so that they have lower interest rates and reduced monthly payments. They also assist in consolidating several mortgages to streamline payments. In addition, the company secures mortgage pre-approval for property buyers and offers a wide range of conventional, FHA, USDA, VA, and Jumbo loans. Its team has more than 25 years of combined experience in the industry.

License Verified:

License: 1732152

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 (71)
Facebook
5.0 / 5 (21)

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
Schmidt Mortgage Company - Rocky River logo
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License Verified:

License: 150009

Nationwide Multistate Licensing System and Registry

Schmidt Mortgage Company - Rocky River

20545 Center Ridge Road, Rocky River, OH 44116
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

Since 1940, Schmidt Mortgage Company, a Mid America Mortgage Inc. division, has been providing mortgage refinancing solutions to clients in Cleveland. The company has professionals that assist clients in lowering their monthly payments, moving to fixed-rate products, or shortening their loan terms. It can also refinance most residential properties while it also has refinancing programs for primary residences, investment properties, and second homes. Schmidt Mortgage Company also serves clients in the Akron, Rocky River, and Willoughby areas.

License Verified:

License: 150009

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
3.7 / 5 (3)
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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Secure Lending Inc. logo
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License Verified:

License: 1236405

Nationwide Multistate Licensing System and Registry

Secure Lending Inc.

707 Brookpark Road, Cleveland, OH 44109
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

Secure Lending, Inc., is a mortgage loan and refinancing company that serves the residents of Cleveland and the surrounding areas. It focuses on two main loan categories, which are purchasing and refinancing. The loan programs available at the business include conventional, jumbo, FHA and VA, and reverse mortgage loans. Its loan officers also work closely with their clients to explain the differences between the loan programs and help them select which one is most suitable to their specific needs.

License Verified:

License: 1236405

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.
4.6
Google
4.5 / 5 (71)
Facebook
4.6 / 5 (10)

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
––
Union Capital Mortgage logo
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License Verified:

License: 252728

Nationwide Multistate Licensing System and Registry

Union Capital Mortgage

7676 Reynolds Road, Mentor, OH 44060
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  • Reverse Mortgages

Business Description

Union Capital Mortgage is a mortgage banker near Cleveland that has decades of experience focusing exclusively on mortgage refinance and residential home loans. As a lender, the company often works with leading real estate agents and homebuyers to refinance all four primary loan options, including conventional, FHA, VA, and jumbo loans. Union Capital Mortgage offers flexible credit requirements and a variety of adjustable-rate and conventional fixed-rate loan products. It also provides multiple refinance options, delivering rate-and-term refinances for borrowers who need to build equity and cash-out refinances for borrowers who need to use loans for debt consolidation and large purchases.

License Verified:

License: 252728

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 (10)
Google
5.0 / 5 (5)

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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