Expertise.com

2024

Last updated:

Best Mortgage Refinance Companies in Reading

Our Recommended Top 12

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 Reading 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.

57Reviewed

39Curated

12Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
50 Berkshire Ct Ste 200, Wyomissing, PA 19610
  • New Construction

Why choose this provider?

CDL Mortgage Services LLC provides financing services to homeowners in Reading and the surrounding areas. The firm assists first-time and recurring loan applicants with home purchase or refinance needs by helping them obtain better interest rates, lower monthly payments, and shorter loan terms. It works with non-QM and government-insured financing programs, including FHA and VA loans. The firm also assists clients in determining whether a fixed or adjustable rate, such as a 15- or 30-year term, is suitable for their financial situation.

License Verified:

License: 2017647

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 (30)

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
210 North Railroad Street, Myerstown, PA 17067
  • New Construction

Why choose this provider?

Andy Dautrich is a loan strategist serving homeowners and homebuyers in the Reading metro. He caters to clients' refinancing needs, whether they are looking to reduce interest rates or switch from an adjustable- to a fixed-rate mortgage. The home financing specialist helps clients select suitable programs and interest rates and designs custom total cost analyses, which involve giving several options that fit within clients' cash flow priorities and financial goals. Andy is licensed in multiple states, including Delaware, Maryland, and New Jersey.

License Verified:

License: 128628

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

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
18 W Gay St, 2nd Floor, West Chester, PA 19380
  • Reverse Mortgages

Why choose this provider?

Penn Street Mortgage provides financial solutions to Reading locals. It assists homeowners and business owners in lowering their monthly payments or gaining access to cash through refinancing. The company has a team of loan officers who help people who are buying their first homes, those looking for investment properties, and those looking to move up. Penn Street has been in the industry for over 15 years. Each application process starts with a cash flow analysis.

License Verified:

License: 128354

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

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
100 N 18th Street STE 1400, Philadelphia, PA 19103
  • New Construction

Why choose this provider?

UMortgage has been providing home financing solutions to clients in and around Reading since 2020. It caters to homeowners seeking to maximize their monthly savings by applying for a refinance mortgage—which allows them to shorten terms and lower monthly loan payments. There are also various loan products offered to those who want to buy their first homes or investment properties. As an independent mortgage broker, UMortgage has a network of lenders where it can shop and compare mortgage packages for its clientele.

License Verified:

License: 1457759

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 (72)
Yelp
5.0 / 5 (20)

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
119 Wilson Rd, King of Prussia, PA 19406
  • New Construction

Why choose this provider?

Main Line Mortgage LLC is a full-service company serving Reading and the surrounding areas. Its loan officers help clients obtain a variety of home financing programs, including FHA, VA, USDA, conventional, and jumbo loans. They also help with mortgage refinancing to reduce the rate that a homeowner is paying off, as well as with cashing out home equity. Clients looking to invest in business properties may enlist the company’s services to apply for commercial loans.

License Verified:

License: 1889783

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 (35)

Website
325 Sentry Parkway, Building 5 West, Suite 200, Blue Bell, PA 19422
  • Reverse Mortgages

Why choose this provider?

EA Lending caters to house buyers in Reading who need to refinance their current loans or obtain new mortgages for upcoming purchases. The company has fixed mortgages with periods of up to 30 years and adjustable-rate programs. It provides government-backed choices for veterans of the military and jumbo loans for individuals investing in large assets. President Paul Kwon is a 16-year veteran of the lending sector. He also has cash-out refinancing solutions for older clients.

License Verified:

License: 196606

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 (36)
Facebook
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

Website
1205 E. King St, Lancaster, PA 17602
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Fidelis Mortgage Corporation provides its services to borrowers in the Reading community. The firm has a team of mortgage brokers, providing a wide array of loan products to customers looking to refinance their mortgages to lower their monthly payments. Its brokers work closely with clients to review their credit scores and the terms of their existing mortgages. They also review the borrower's options to apply for other loan programs and have experience customizing a loan term.

License Verified:

License: 126791

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 (244)
Facebook
4.9 / 5 (102)
Yelp
3.5 / 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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
134 2nd Avenue, Collegeville, PA 19426
  • Reverse Mortgages

Why choose this provider?

Assured Financial Services caters to homebuyers in Reading who need mortgage refinancing services. The company examines a debtor's current obligations and seeks improved terms and conditions that are less burdensome to the borrower. It delivers residential purchase options, like jumbo loans and VA-backed lending programs. Plans with terms ranging from five years to three decades are also available. Assured Financial Services has online resources available, ranging from rate calculators to pre-approval letters and house listings.

License Verified:

License: 184633

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 (75)

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.
4.5
Responsiveness
Friendliness
Helpfulness
Detail

Website
2066 Big Rd, Gilbertsville, PA 19525
  • Multi-Family Loans
  • New Construction

Why choose this provider?

Norstar Mortgage provides a variety of residential property purchasing options to the homebuyers of Reading and the nearby communities. Such options include refinancing services, which are meant to help families adjust their monthly payment rates or loan term durations according to their financial capacity. The company also offers various products, such as VA, USDA, FHA, conventional, and jumbo loans. Norstar Mortgage has been helping the people of Pennsylvania own homes for more than 20 years.

License Verified:

License: 137481

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 (40)
Google
5.0 / 5 (15)
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
Responsiveness
Friendliness
Helpfulness
Detail

Website
210 S Mill Rd #104, Kennett Square, PA 19348
  • Reverse Mortgages

Why choose this provider?

Whitecap Mortgage helps people in Reading finance existing homes, investment residences, and new construction projects. It offers mortgage refinancing to help lower interest rates, consolidate debts, and change the length of home loans. Its loan officers educate and guide clients through the mortgage process, which includes credit and income evaluation, documentation, and closing. Whitecap Mortgage aims to provide mortgage services that align with borrowers' financial situation and goals. It also caters to the home financing needs of clients in Delaware.

License Verified:

License: 1847550

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 (57)
Facebook
5.0 / 5 (23)

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
10 East Lancaster Avenue, Paoli, PA 19301
  • Reverse Mortgages

Why choose this provider?

Old Glory Mortgage, Inc., caters to clients across the Reading community and the nearby cities. The company serves home buyers who wish to apply for loan programs, including jumbo mortgages, which allow clients to exceed the conforming loan amounts. It offers other loan options, such as reverse, fixed and adjustable rate mortgages, and conventional. These loans allow clients to purchase townhouses, condominiums, and single- and multi-family homes. Old Glory Mortgage has more than two decades of industry experience.

License Verified:

License: 131293

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 (32)
Facebook
5.0 / 5 (6)
Yelp
5.0 / 5 (6)

Website
1243 Valley Forge Rd, Phoenixville, PA 19460
  • Reverse Mortgages

Why choose this provider?

Philadelphia Mortgage Brokers caters to the refinancing needs of homeowners in and around the Reading area. Whether clients are looking to shorten loan terms, lower interest rates, or cash out from home equity, the brokerage offers a variety of programs such as conforming and super jumbo loans. Government-secured options such as USDA, FHA, and VA loans are also available. Philadelphia Mortgage Brokers was co-founded by Paul Carson, who holds a Finance and Marketing degree and has been working in the industry since 2008.

License Verified:

License: 1706247

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 (85)

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
––

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.
  • What mortgage refinance options are available for Reading homeowners?

    For residents of Reading who are looking to refinance their homes with the intention of a long-term stay, a 30-year fixed-rate mortgage could be a viable choice. Alternatively, they might consider a 15-year fixed-rate mortgage, which involves higher monthly payments but enables quicker equity accumulation in the property. Another possibility is an FHA mortgage, secured by the government, which boasts lower requirements compared to the standard 30-year mortgage.

  • What factors should Reading homeowners consider when deciding whether to pay points for their mortgage refinance loans?

    Reading homebuyers need to assess their financial capacity to make an initial payment to the lender in return for a reduced interest rate on their new mortgage. Moreover, they should factor in the anticipated duration of their mortgage payments, the term of the loan, and their intended length of stay in the residential property. Points are also sometimes called discount points or loan discount points. Each point typically costs 1% of the total loan amount.

  • Which government-supported program assists low-income homeowners in Reading to refinance their current mortgages?

    The Department of Housing and Urban Development backs the Home Affordable Refinance Program, which aids low-income homeowners in Reading by enabling them to refinance their current mortgages. However, specific requirements must be met, including loan eligibility, payment history, and the loan-to-value ratio. This program allows refinancing of up to 125% of the home's value.

  • How do Reading mortgage banks and mortgage brokers compare in terms of refinance services?

    Typically, a mortgage bank in Reading provides predetermined fixed and adjustable rate options for different loan durations, albeit with limited flexibility. Conversely, a mortgage broker presents an extensive selection of wholesale loan schemes sourced from various banks, encompassing both minor and major institutions such as Wells Fargo, Bank of America, and Sovereign.

  • What should Reading homeowners know about no-closing-cost mortgage refinance?

    A no-closing-cost mortgage refinance is the incorporation of the closing expenses into the principal loan balance. Although this approach can provide initial cost savings to borrowers in Reading, it is crucial to consider that it might lead to an elevated monthly payment and a higher interest rate in the long run.

  • 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.