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2024

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Best Mortgage Refinance Companies in Providence

Our Recommended Top 12

We did the research for you!

  • Licensing
  • User Reviews
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Our goal is to connect people with the best local professionals. We scored Providence 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.

101Reviewed

65Curated

12Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

94 Main Street, Wakefield, RI 02879
WebsiteLicense: 3915

Expertise.com Rating

Review Sources

Google
4.5 (22)
Facebook
5.0 (6)
Yelp
5.0 (3)

Why choose this provider?

Atlantic Mortgage & Finance Corporation serves homeowners and homebuyers in Providence. The brokerage offers home refinancing options, such as reverse mortgages, renovation loans, and FHA home loans. It helps clients make informed decisions by educating them on the ideal time to refinance a mortgage, ways to reduce interest rates, and strategies for improving credit scores. The brokerage also provides interactive calculators to examine various financing options and mortgage scenarios. It has been in business since 2007.

  • Reverse Mortgages
  • New Construction

2220 Plainfield Pike #213, Cranston, RI 02921
WebsiteLicense: 1787

Expertise.com Rating

Review Sources

Google
5.0 (30)
Yelp
5.0 (2)

Why choose this provider?

Advanced Mortgage Corp. assists homeowners in Providence get financial options through various refinance loan products. It offers homeowners a chance to improve their cash flow by lowering their monthly payments, paying off loans faster, or converting their adjustable-rate loans to fixed ones through refinancing. It also assists homeowners in getting cash from equity or in consolidating their first and second mortgages into one. The company helps first-time buyers get through the process of pre-qualification.

  • New Construction
  • Reverse Mortgages

175 Metro Center Blvd, Warwick, RI 02886
WebsiteLicense: 2488

Expertise.com Rating

Review Sources

Google
5.0 (23)
Facebook
5.0 (5)

Why choose this provider?

The Mortgage Corner of New England has been serving the community in Providence and the surrounding areas since 2001. It offers refinancing loan programs to help homeowners reduce their loan terms and convert their adjustable-rate mortgage to fixed-rate. Additionally, the company provides customers with a variety of loan options, including VA, FHA, jumbo, and construction loans. Adjustable- and fixed-rate mortgages are also available. Its president, Jeffrey Desrosiers, has been working in the mortgage industry since 1985.

  • New Construction
  • Reverse Mortgages

1 Lonsdale Avenue, Pawtucket, RI 02860
WebsiteLicense: 2471

Expertise.com Rating

Review Sources

Google
4.9 (113)
Facebook
5.0 (48)

Why choose this provider?

Anchor Financial Mortgage Incorporated serves clients throughout Providence and the surrounding neighborhoods. It offers various types of loan programs, including home refinancing loans for single-family and multi-family residences, condominium units, townhomes, and manufactured houses. It helps those who are looking to refinance their current homes, vacation houses, or investment properties to obtain lower interest rates and monthly payments or change their loan term. The company has been providing mortgage services since 2000. It is also licensed in Massachusetts, Connecticut, and New York.

  • New Construction

225 Dupont Drive, Providence, RI 02907
WebsiteLicense: 1053

Expertise.com Rating

Review Sources

Google
4.3 (119)
Yelp
2.5 (3)

Why choose this provider?

Semper Home Loans in Providence offers loan programs and mortgage refinancing solutions to homebuyers and owners. Its licensed loan officers assist clients in lowering their interest rates, reducing monthly payments, and tapping into their home equity for emergency expenses through mortgage refinancing. It also helps clients convert their adjustable-rate mortgages to fixed-rate mortgages, which are more stable over time. In addition, Semper Home Loans offers real estate companies marketing, appraisal support, and information management services.

  • New Construction

130 GAR Highway, Swansea, MA 02777
WebsiteLicense: 21107

Expertise.com Rating

Why choose this provider?

Kevin Oliveira is a loan officer assisting borrowers seeking refinancing solutions in Providence. The Fairway branch head helps restructure existing loans through term and interest rate adjustments, debt consolidation, and home equity cash-out. Kevin guides clients in navigating the loan application procedures, particularly the tedious tasks of rate and program comparison and refinancing analysis. He also responds to the financing needs of new homes and construction projects. He offers homebuyers conforming, jumbo, fixed-rate, ARM, and government-supported loan programs.

  • Reverse Mortgages

220 Smith Street, Providence, RI 02908
WebsiteLicense: 2340

Expertise.com Rating

Review Sources

Google
4.4 (12)

Why choose this provider?

Mortgage Equity Partners is an independent brokerage delivering refinancing programs in the Providence metro. Its staff of professionals helps homeowners refinance their existing loans to obtain lower interest rates or consolidate different mortgages. Additionally, the professionals provide refinancing options such as no-closing cost programs, removed point system loans, and those without insurance. Area vice president Stephen Tetzner has been in the loan industry for over 25 years and previously served as the president of the RI Mortgage Bankers Association.

  • New Construction

1417 Douglas Ave, Suite 2, North Providence, RI 02904
WebsiteLicense: 289053

Expertise.com Rating

Review Sources

Google
5.0 (82)
Facebook
4.5 (28)

Why choose this provider?

Sierra Pacific North Providence caters to clients in the metro and the surrounding areas, with Peter Nastasi working as the branch manager. He brings over more than 15 years of experience in the industry. He leads a team of agents who assist customers in applying for loan options appropriate to their refinancing and cashing-out needs. The firm handles several mortgage programs, including Freddie Mac, Fannie Mae, and Ginnie Mae loans with fixed or adjustable interest rates.

16 Main Street, East Greenwich, RI 02818
WebsiteLicense: 1854693

Expertise.com Rating

Review Sources

Google
4.9 (47)

Why choose this provider?

Executive Financial Group is a mortgage company offering its services in Providence. It provides refinance loans with different term and interest rate options. It also has a variety of mortgage programs for its prospective clients, which include FHA, VA, and USDA loans, as well as fixed- and adjustable-rate mortgages. For convenience, applications can be done by customers online. PJ Byron, who leads the team of mortgage professionals at Executive Financial Group, has more than 25 years of experience in the field.

  • Reverse Mortgages

108 Phenix Avenue, Cranston, RI 02920
WebsiteLicense: 2485

Expertise.com Rating

Review Sources

Google
4.6 (10)
Yelp
1.0 (1)

Why choose this provider?

Best Financial Mortgage Services caters to homeowners, property buyers, and real estate agents in Providence and its surrounding areas. It offers a variety of purchase, refinance, and investment loan programs. Its financial services also include pre-qualifications, prompt callbacks, status updates, and referral sources. The brokerage team has over three decades of collective experience in crafting simple, effective mortgage solutions to accommodate varying client needs. Its president, Anna Kaian, was a volume award winner at a national Fortune 1000 mortgage company.

  • New Construction

50 Office Parkway, East Providence, RI 02914
WebsiteLicense: 2861

Expertise.com Rating

Review Sources

Google
4.9 (375)
Facebook
4.7 (116)
Yelp
4.5 (6)

Why choose this provider?

Province Mortgage Associates, Inc., is a local full-service company that delivers refinancing solutions to Providence. Its mortgage advisors assist clients in completing refinancing programs such as rate and term change, cash-out option, and Fannie Mae RefiNow type. They create custom refinancing programs for borrowers who are on time with their mortgage payments through the HARP program. The company has been in operation since 2005 and gives back to the community through various endeavors, such as Samaritans of RI and Good Neighbors.

  • Reverse Mortgages

647 Oaklawn Ave., 1st and 2nd floor, Cranston, RI 02920
WebsiteLicense: 305552

Expertise.com Rating

Review Sources

Google
4.9 (346)
Facebook
4.6 (58)
Yelp
2.5 (6)

Why choose this provider?

Primary Residential Mortgage, Inc., provides refinancing loans to locals in Providence. It helps homeowners improve their cash flow by giving them options to reduce their monthly payments or get shorter loan terms through refinancing. It also assists clients in obtaining cash from equity to fund home improvements, educational expenses, or investments. Other products include conventional, FHA, VA, USDA-Rural, home-ready, and RI housing loans. Primary Residential Mortgage is licensed in Virginia, Florida, New Hampshire, Georgia, Pennsylvania, and five other states.

  • New Construction

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.
  • Can you refinance multiple times on the same property in Providence?

    In Providence, you can refinance your mortgage multiple times without a set limit, but some lenders might require a six-month waiting period between loan closure and refinancing. This might apply only if you refinance with your current lender. If you opt for a new financial institution, you could bypass the six-month rule. Note that these rules are for conventional loans from private lenders, and government-insured mortgages have different requirements.

  • Is private mortgage insurance (PMI) required during a refinance in Providence?

    During a mortgage refinance in Providence, you might need to have private mortgage insurance or PMI if your equity is less than 20 percent of your home's value. PMI, which safeguards the lender in case of payment default, is typically obligatory for conventional loans with down payments below 20 percent. Similarly, if you are refinancing with a conventional loan and your home's equity is under 20 percent, PMI is likely to be required.

  • What type of documentation do you need for refinancing a mortgage in Providence?

    For mortgage refinancing in Providence, you typically need to provide standard documentation with details about your income, such as your latest 30-day pay slips and W-2s from the previous two years. Additionally, asset information, including the past 60 days of bank or investment statements, is required. Current loan details, such as your most recent mortgage statement and homeowners’ insurance declarations page, are also part of the necessary documentation.

  • Is it better to refinance with your current lender in Providence?

    If your credit score is not very strong, it could be beneficial to consider refinancing through your current lender in Providence. This is because being an established customer might offer you some advantages when it comes to credit qualifications. If you have been consistently making your payments on time with your current lender, they might be more willing to work with you even if your credit is not perfect.

  • What is the "right to cure" law in Providence?

    The "right to cure" law in Providence allows borrowers or their authorized representatives to correct a home loan default. If the lender asserts grounds for accelerating the loan and requests full payment, borrowers can rectify the default by making the specified payment or performance within a specific timeframe. This opportunity is available until the property is transferred via foreclosure processes.

  • 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.