Expertise.com

2024

Last updated:

Best Mortgage Refinance Companies in Brownsville

Our Recommended Top 3

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 Brownsville 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.

98Reviewed

60Curated

3Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
2019 S. 77 Sunshine Strip, Harlingen, TX 78550

Why choose this provider?

TRB Mortgage is a local brokerage with multiple offices serving Brownsville and the surrounding areas. It helps borrowers refinance their mortgages at a lower rate or obtain a cash-out to renovate their properties. Its refinance plans are available for different loan types, including jumbo, FHA, VA, and rural development options. It also has loans for clients purchasing or building a residential property. TRB Mortgage's team of loan officers delivers different services backed by the Texas Regional Bank.

License Verified:

License: 568172

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
1210 E Tyler Ave, Harlingen, TX 78550
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Vetted Notes, LLC, aids locals in Brownsville who need help with completing the procedure for home refinancing. Its staff provides clients with information on loan programs that they may choose from based on their financial needs. Vetted Notes was founded in 2019 and also provides VA and USDA loans. Additionally, the business serves as a one-stop shop for entrepreneurs who are working on their corporate compliance laundry list. The company is part of the Association of Independent Mortgage Experts.

License Verified:

License: 2009486

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 (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
Responsiveness
Friendliness
Helpfulness
Detail

Website
6710 West Expressway 83, Ste. 83, Harlingen, TX 78552
  • Reverse Mortgages

Why choose this provider?

1st Alliance Mortgage has been serving clients in Brownsville and the surrounding areas since 2001. Its team caters to customers who want to purchase their first home or refinance their loans. Its loan programs include FHA, VA, and conventional loans. Its professionals have the necessary knowledge to help borrowers select the right loan and handle the transaction in a professional manner. The company helps people understand their mortgage options so that they can close successfully.

License Verified:

License: 1417828

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 (60)
Facebook
5.0 / 5 (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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
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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.
  • Are there lending options for Hispanic Americans in in Brownsville?

    Hispanic Americans in Brownsville may feel more at ease refinancing their mortgages with Hispanic-owned banks and credit unions, such as Commerce Bank, Falcon International Bank, Lone Star National Bank, Rio Bank, Rally Credit Union, and Security First Credit Union, due to historically discriminatory lending practices. Many of these Hispanic-American-owned financial institutions are located in Texas.

  • What is the difference between a cash-out refinance and a reverse mortgage in Brownsville?

    Reverse mortgages in Brownsville are an option for homeowners who are 62 years of age or older and have owned their house for at least five years, but cash-out refinances also let borrowers take advantage of the equity in their homes. Reverse mortgages are best for seniors who want to stay in their homes, while cash-out refinances are used for home improvement or debt consolidation purposes.

  • Can reverse mortgages be refinanced in Brownsville?

    Reverse mortgages in Brownsville can be refinanced to change how the borrower receives the money, whether it is a one-time payout, monthly payments, a line of credit, or a combination of the last two. Other reasons for refinancing a reverse mortgage include lowering one’s interest rate or switching to a single-purpose, proprietary, or traditional mortgage.

  • Who is eligible for a FHA streamline refinance in Brownsville?

    Those in Brownsville who hold an FHA loan and have had no late mortgage payments for the past year are eligible for an FHA streamline refinance. It is relatively easy to qualify for an FHA streamline refinance, as the program has little to no income standards and no required home appraisals.

  • Who is eligible for a cash-out refinance in Brownsville?

    In order to be eligible for a cash-out refinance, borrowers in Brownsville must have at least 20% equity in their home. They must also have paid off second mortgages and all liens, such as a home equity line of credit or home equity loan. In addition, they must have had their mortgage for at least six months.

  • 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.