Expertise.com

Best Mortgage Refinance Companies in Edinburg

2024

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Providers

Last updated:

Website
3313 N. McColl Road, McAllen, TX 78501
  • New Construction

Why choose this provider?

Structure Finance is a direct mortgage broker offering comprehensive solutions to the refinancing goals of Edinburg residents. The company facilitates refinancing strategies to help mortgage borrowers save money by obtaining a lower rate and reducing monthly payments. Using software tools and industry knowledge, its loan officers analyze clients' needs and unique scenarios, provide recommendations, and guide them through each step of processing loans. Paul Morales, one of these professionals, has been a mortgage banker for over 13 years.

License Verified:

License: 1744156

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 (83)
Facebook
5.0 / 5 (52)

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
7017 North 10th Street Suite O2, McAllen, TX 78504
  • New Construction

Why choose this provider?

Corina Backer is a home loan professional who caters to borrowers in Edinburg. She operates under Finance Home America, serving clients ready to refinance their mortgages to reduce their payments and consolidate their debts by offering various loan programs. These programs include VA, FHA, USDA, jumbo, and conventional loans. Backer guides them through the process and recommends options that help them achieve their financial goals. She also offers loan options to people renovating or buying a new home.

License Verified:

License: 912541

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 (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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
213 W Expy 83 Suite D, Pharr, TX 78577
  • New Construction

Why choose this provider?

La Cross Mortgage is a brokerage firm serving residents in the Edinburg metro. It provides loans for first-time home purchasers and clients in need of refinancing options, using an entirely digital lending process for a quick and secure loan process. Its refinancing alternatives include cash-out programs to access the client's equity, as well as rate and term reductions to lower financing costs. It also offers loan options for commercial spaces to borrowers needing retail and office space.

License Verified:

License: 1584260

Nationwide Multistate Licensing System and Registry

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.
  • Why would refinancing be a good option for homeowners in Edinburg?

    Refinancing can be an advantageous choice for homeowners in Edinburg due to its potential benefits, such as securing a lower loan interest rate, customizing mortgage terms for faster repayment or better cash flow, lowering monthly payments even without a rate drop, accessing home equity through cash-out refinancing for various financial needs, and potentially switching from an adjustable-rate mortgage to a fixed-rate mortgage for stability and predictable payments.

  • What resources are available for homeowners refinancing their homes in Edinburg?

    For homeowners looking to refinance their homes in Edinburg, the Consumer Financial Protection Bureau provides a variety of free tools designed to help throughout the refinancing journey. These resources serve to empower homeowners with valuable information and guidance, helping them navigate the complexities of refinancing and make well-informed decisions that suit their financial needs and goals.

  • Can you refinance your mortgage if you recently obtained a new job in Edinburg?

    Yes, you may be able to refinance your mortgage even if you recently got a new job in Edinburg. Loan program guidelines usually require a two-year job history within the same field, but positive changes in your position are viewed favorably. Recent college graduates might also qualify for a loan without a two-year work history. Lenders typically assess your income using recent two-year filed tax returns (1040), W2(s) from the past two years, and the last 30 days' paystubs.

  • Is it possible to refinance a land loan in Edinburg?

    Yes. Refinancing land loans in Edinburg follows a process similar to other real estate loans. Lenders assessing land loan refinance typically focus on factors like the outstanding loan balance and the borrower's creditworthiness. These elements play an important role in determining the feasibility of refinancing a land loan, ensuring that the terms align with the borrower's financial situation.

  • Is there a limit to the number of times you can refinance in Edinburg?

    No, the Texas Constitution doesn't impose a specific limit on the number of cash-out refinance loans you can obtain for a home in Edinburg. However, there is a requirement to have a minimum waiting period of one year between successive cash-out refinances. In reality, obtaining cash-out refinance loans every year may not be practical, as it's essential to provide sufficient time for your home equity to grow before contemplating another cash-out refinance.

  • 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.