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Best Mortgage Refinance Companies in Nashville

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Agave Home Loans logo
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License Verified:

License: 1007729

Nationwide Multistate Licensing System and Registry

Agave Home Loans

3230 East Broadway Road Suite B-220, Phoenix, AZ 85040
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  • Reverse Mortgages

Business Description

Agave Home Loans is an independent company that helps Nashville-based clients with their mortgage refinancing needs. It assists them achieve their financial objectives—paying for college tuition, paying off higher interest debts, or remodeling their kitchen—through finding the lender that offers the lowest interest rate. Its staff members also guide their clients in changing the term of their loan to save interest over the long-term. The company’s co-owner, Doug Wang, has more than seven years of experience in the mortgage industry.

License Verified:

License: 1007729

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 (91)

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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Allegiant Mortgage logo
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License Verified:

License: 249899

Nationwide Multistate Licensing System and Registry

Allegiant Mortgage

971 Benders Ferry Road, Mt. Juliet, TN 37122
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  • NMLS #: 39166

Business Description

Allegiant Mortgage LLC is an independent mortgage broker with over 20 years of experience helping customers find the best mortgage refinance package from a wide range of lenders. Its loan officers can arrange loans for customers whose homes are worth less than their current mortgage, VA IRRRL loans for veterans and those currently serving, and FHA streamline programs for borrowers with an existing FHA loan. Allegiant Mortgage LLC can also arrange USDA loans for homeowners in rural areas.

License Verified:

License: 249899

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
HomeRate Mortgage logo
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License: 2239

Nationwide Multistate Licensing System and Registry

HomeRate Mortgage

854 Wren Road, Goodlettsville, TN 37072
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

HomeRate Mortgage is a home mortgage company servicing clients in the Nashville area and other nearby areas. It tackles cash-out refinance, VA refinance, FHA refinances, streamline refinance, and jumbo refinance. It offers guidelines. You don't need a home appraisal or undergo credit underwriting with the VA refinancing option. The FHA refinance solution help clients renegotiate the terms of their resent loan and reduce interest rates. Most clients get quick closings within a month. HomeRate's team of mortgage professionals and loan experts can help select the right program for local homeowners.

License Verified:

License: 2239

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
Facebook
4.5 / 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
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Kevin Wisdom logo
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License Verified:

License: 188564

Nationwide Multistate Licensing System and Registry

Kevin Wisdom

7100 Commerce Way, Brentwood, TN 37027
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  • NMLS #: 39166

Business Description

Kevin Wisdom is a Brentwood-based senior loan officer of Mortgage Investment Group, a Knoxville-based lending company that has been providing financial assistance to Nashville locals and residents in the Southeast since 1989. Wisdom actively assists his clients who are interested in refinancing through a government program. His services include THDA loans for low-income individuals and families, USDA loans for homeowners in rural areas, and FHA streamline programs for mortgage payers with an existing FHA loan.

License Verified:

License: 188564

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
4.8 / 5 (203)
Google
4.9 / 5 (104)
Yelp
4.5 / 5 (6)

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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Lending Hand Mortgage logo
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License Verified:

License: 152227

Nationwide Multistate Licensing System and Registry

Lending Hand Mortgage

510 Lentz Drive, Nashville, TN 37115
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  • Residential

Business Description

Lending Hand Mortgage serves residents in the Nashville area and nearby communities. The company assists clients wanting to purchase homes or refinance their existing loans. It offers different loan programs like adjustable-rate mortgage, VA, FHA, and USDA loans. Moreover, the team of professionals also offers 15-year fixed-rate mortgages and 30-year fixed-rate mortgage options. Established over 15 years ago, Lending Hand Mortgage has an average industry experience of 10 years per member.

License Verified:

License: 152227

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
4.0 / 5 (324)
Facebook
5.0 / 5 (26)

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.
3.0
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United Home Loans logo
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License Verified:

License: 207546

Nationwide Multistate Licensing System and Registry

United Home Loans

1230 2nd Avenue South, Nashville, TN 37210
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  • Multi-Family Loans
  • Residential

Business Description

United Home Loans is a mortgage company serving clients in and around Nashville. The firm provides a range of loan options for individuals and families, including ARM, FHA, VA, and jumbo loans. It also offers various refinance programs to clients who need funds for home repairs, education expenses, or debt payments. Mortgage professional Mike Dulla founded United Home Loans in 2002. From a small brokerage, his company has grown into a full-fledged mortgage banking operator with over $3 billion in closed loans.

License Verified:

License: 207546

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 (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
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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