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Best Mortgage Refinance Companies in Laredo

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Bob Weathers logo
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License Verified:

License: 212537

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Bob Weathers

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

Business Description

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
Google
5.0 / 5 (24)

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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Geo Mortgage Services, Inc. logo
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License: 251528

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Geo Mortgage Services, Inc.

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

Business Description

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

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.
4.0
Responsiveness
Friendliness
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––
MBA Mortgage Solutions logo
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License: 1694857

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MBA Mortgage Solutions

7019 Village Blvd, Laredo, TX 78041
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  • New Construction

Business Description

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
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Mortgage Financial Services logo
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License Verified:

License: 1551698

Nationwide Multistate Licensing System and Registry

Mortgage Financial Services

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

Business Description

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)

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
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Helpfulness
Detail
SecurityNational Mortgage Company - Laredo logo
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License Verified:

License: 905433

Nationwide Multistate Licensing System and Registry

SecurityNational Mortgage Company - Laredo

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

Business Description

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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Texas Farm Credit - Laredo logo
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Texas Farm Credit - Laredo

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

Business Description

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.
4.4
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.
4.0
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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