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Best Mortgage Refinance Companies in Laredo

2024

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Providers

Last updated:

Website
101 Hillside Road, Laredo, TX 78041
  • Reverse Mortgages
  • NMLS #: 39166

Why choose this provider?

Branch Manager Bob Weathers, from Thrive Mortgage in Laredo, offers mortgage refinance services. He has been in the industry for 16 years. He and his team of mortgage professionals also provide loan assistance to clients who want to purchase a new house. He works with the client throughout the mortgage process. He aims to turn the home financing process into a beneficial digital familiarity. Weathers is a graduate of The University of Texas at Austin and is also fluent in English and Spanish.

License Verified:

License: 212537

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.
4.7
Facebook
4.7 / 5 (188)
Google
5.0 / 5 (27)

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
7718 McPherson Road Suite 6, Laredo, TX 78045
  • New Construction

Why choose this provider?

Texas Farm Credit is a full-service mortgage brokerage company serving Laredo clients. The firm delivers a variety of mortgage products, including refinancing plans for borrowers looking to reduce their monthly mortgage payments and long-term interest rates. Its refinancing specialists offer cash-out and rate-and-term refinance to owners of residential properties, agribusinesses, farms, agricultural production facilities, and hunting properties. The group also provides livestock, crop, and pasture insurance. Texas Farm Credit has been serving the local community since 1916.

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 (3)

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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Website
2408 Jacaman Road, Laredo, TX 78041
  • Reverse Mortgages
  • NMLS #: 39166

Why choose this provider?

Security National Mortgage Company - Lanedo is a mortgage refinance company that helps Lanedo residents' financing needs. The loan options offered by the company include 15 and 30-year fixed-rate mortgages, FHA loans, VA loans, jumbo loans, and 203(K) rehabilitation loans. They also have ARM, reverse mortgage options, and down payment assistance programs. Clients can also use their online mortgage calculators to make loan comparisons. Security National Mortgage has over 50 years of experience in handling mortgages.

License Verified:

License: 905433

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 (11)

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
7019 Village Blvd, Laredo, TX 78041
  • New Construction

Why choose this provider?

MBA Mortgage Solutions is a brokerage company serving clients in Laredo. It offers mortgage refinancing services that help consolidate high-interest debt, reduce monthly payments, and shorten mortgage terms. It also assists with cash-out refinancing. Its agents take the time to explain the process. In addition, the company provides a wide variety of loan types, including fixed-rate, FHA, VA, USDA, and jumbo. One of MBA Mortgage Solutions' loan originators, Scott Sears, has been in the industry for over 29 years.

License Verified:

License: 1694857

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 (30)
Facebook
5.0 / 5 (22)
Yelp
5.0 / 5 (5)

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
6402 North Bartlett Avenue, Laredo, TX 78041
  • Reverse Mortgages
  • NMLS #: 39166

Why choose this provider?

Mortgage Financial Services is a Laredo-based mortgage company. It offers FHA, VA, and conventional home loans as well as downpayment assistance loans to homeowners and first-time homebuyers. Its mortgage professionals assist clients throughout the process of finding and securing the loan program. The company has strategized a working system that caters to the needs of all parties involved in the loan transactions, especially those responsible for expediting the home loan. The company strives to make the loan application process more time-efficient.

License Verified:

License: 1551698

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 (45)
Facebook
5.0 / 5 (4)
Yelp
5.0 / 5 (2)

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
9901 McPherson Road, Laredo, TX 78045
  • Reverse Mortgages
  • NMLS #: 39166

Why choose this provider?

GEO Mortgage Services Inc. is a full-scale home loan company servicing homeowners in the Laredo area to find the right solutions for their financial needs. It provides loan programs such as USDA, VA, jumbo, and FHA, as well as fixed-rate mortgage and conventional mortgage with 15 and 30-year terms. Other offerings include commercial loan solutions as well as Texas Veteran financing to reduce interest rates for eligible veterans. GEO Mortgage Services was founded by Edward Glassford in 1996.

License Verified:

License: 251528

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.
1.0
Yelp
1.0 / 5 (1)

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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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.
  • What is a cash-out refinance in Laredo?

    In Laredo, a cash-out refinance involves securing a new home loan that exceeds your current mortgage balance and then withdraw the extra funds (the difference between the new loan cost and your previous balance) into your personal account. These funds can be used as you prefer, such as for home enhancements or other needs, or even to settle higher-interest loans for debt consolidation, leading to immediate savings.

  • What are the steps you should take when searching for a mortgage refinance in Laredo?

    When seeking a mortgage refinance in Laredo, there are several important steps to take. First, prepare for your search by addressing your credit score and setting a clear budget. Second, evaluate suitable loan options for your situation. Next, thoroughly analyze and compare the array of mortgage offers at your disposal. Finally, opt for an offer that aligns with your budget and features a notably lower interest rate than your previous mortgage.

  • What are the alternatives to mortgage refinancing in Laredo?

    The alternatives to mortgage refinancing in Laredo include:

    • Loan modification: Negotiating with the current lender to alter mortgage terms, like interest rate or loan duration, without the need for refinancing.
    • Recasting a mortgage: Paying the principal in one single sum, leading to re-amortization by the lender and reduced monthly payments.
    • Paying extra principal payments: Homeowners can speed up the process of paying off their mortgage and reduce interest costs without refinancing by making extra principal payments.
  • If you intend to relocate soon, is it advisable to refinance in Laredo?

    Refinancing in Laredo typically incurs fees for most lenders. If your plan is to live in the house for a brief period, your monthly savings might not offset costs. For instance, it would take 20 months to recover your initial expenditures if a lender charged $1,000 to refinance your loan and you ended up saving $50 each month. Certain lenders might slightly raise the interest rate for refinancing but cover all fees, depending on your current loan's interest rate.

  • What details are important to know if you're thinking about refinancing a fixed-rate mortgage in Laredo?

    Refinance your fixed-rate mortgage only if you find a cheaper fixed interest rate in Laredo. Don't switch to an adjustable-rate mortgage just because current interest rates are low. Review the existing fixed-rate mortgage options and target a deal that's 1% or less than the interest rate on your present loan. If you can find a rate that's only 0.10% to 0.50% lower, it might not be worthwhile since the savings won't be as substantial as those from larger rate differences.

  • 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.