Expertise.com
2024

Last updated:

Best Mortgage Refinance Companies in Warwick

Our Recommended Top 4

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 Warwick 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.

46

Reviewed

29

Curated

4

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
265 Waterman Street, Providence, RI 02906
  • Reverse Mortgages

Why choose this provider?

Warwick homeowners looking for refinancing options may tap the services of Andy Matt, a loan officer for Fairway Independent Mortgage Corporation. He assists those who want to reduce loan terms, shift from an ARM to an FRM, consolidate debts, and access cash through refinancing. He also provides conventional, FHA, jumbo, USDA, and fixed- and adjustable-rate loans. Physician and renovation loans are available. Matt has been in the industry since 1998 and joined his present company in 2016.

License Verified:

License: 22777

Nationwide Multistate Licensing System and Registry

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
55 John Clarke Road Unit A16, Middletown, RI 02842

Why choose this provider?

Newport Mortgage LLC delivers refinancing programs for residential and commercial applications in Warwick. It assists mortgage borrowers in applying for refinancing to remove PMI, obtain lower rates, and cash out equity. Its staff creates mortgage plans that help homeowners save money and guides clients through the decision-making process. The company is owned and operated by Mark Jernstedt, a professional with over 25 years of experience in the industry. He has handled more than 10,000 transactions to date.

License Verified:

License: 1607443

Nationwide Multistate Licensing System and Registry

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
220 Smith St., Providence, RI 02908
  • New Construction

Why choose this provider?

Charles Adams, a mortgage professional for Homestar Mortgage, caters to clients in Warwick and the surrounding areas. He advises and assists individuals who want to refinance their current mortgages, and guides those seeking new loan programs to buy their first homes, vacation houses, or commercial properties. Dedicated to providing personalized service, Adams made himself available to his clients around the clock. He has been helping borrowers in Rhode Island, Massachusetts, and Connecticut for two decades.

License Verified:

License: 4661

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
Zillow
5.0 / 5 (34)
Facebook
5.0 / 5 (14)
Google
5.0 / 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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
188 Valley Street, Suite 225, Providence, RI 02909
  • New Construction

Why choose this provider?

Beeline is a fintech mortgage lending company serving residents in Warwick. Since 2019, its team has been addressing the real estate needs of individuals and families. The agency works closely with investors and homebuyers, directly linking to banks for their exact income and asset numbers to expedite the application process. It helps borrowers reduce their interest rates and monthly mortgage payments. Beeline is a member of the Mortgage Bankers Association and partners with Awning, Roofstock, and Azibo. It has been featured in Forbes, Fortune, and Bankrate.

License Verified:

License: 1799947

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.
3.7
Facebook
3.7 / 5 (12)

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.
  • How do Warwick's refinance rates compare to the national benchmarks?

    In Warwick, the prevailing refinance rates are influenced by individual financial profiles. Presently, 15-year fixed-rate mortgages average at 4.51%, 30-year terms are around 5.17%, and 5/1 adjustable-rate mortgages hover at 3.84%. Based on data from the Federal Reserve Bank of St. Louis, these rates are marginally higher than Rhode Island's average mortgage interest rates. For the most advantageous rates, Warwick residents should consistently evaluate offers from multiple mortgage institutions.

  • What should Warwick homeowners consider before refinancing their home loan?

    Warwick homeowners should first pinpoint why they're exploring refinancing because their choice can guide their journey. While some aim for smaller monthly payments, extending loan duration isn't always wise. Shortening the term may raise monthly costs but offer lower interest. Some might want to tap into home equity via cash-out refinance. There's even a program for refinancing plus home renovations. Consulting a seasoned loan officer is a smart beginning step.

  • Why is a homeowner's credit score crucial when refinancing in Warwick?

    For Warwick homeowners, credit scores play a big part in refinancing decisions because lenders often require a score of at least 620 for refinancing options. If it's below, it's wise to boost it before refinancing. Moreover, the best interest rates, which save more money, often need a score above 740. In short, a higher credit score opens doors to better refinancing rates.

  • How can refinancing for a debt consolidation loan benefit Warwick homeowners?

    For Warwick homeowners, refinancing for a debt consolidation loan combines debts into one mortgage payment, likely easing monthly burdens. It offers financial relief, especially during high inflation, thus improving their current lifestyle. However, they should remember it comes with costs beyond just interest rates. There are closing costs that can be incorporated into the loan, and adjusting the mortgage term may affect the total interest.

  • What distinguishes mortgage modification from refinancing for homeowners in Warwick?

    Refinancing for Warwick homeowners means replacing their existing mortgage, and possibly choosing a different lender. In contrast, modification allows them to adjust the terms of their current mortgage, but they remain with the original lender. While both strategies are designed to help homeowners achieve more favorable monthly payments, the methods by which they operate are distinct.

  • 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.