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2024

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Best Mortgage Refinance Companies in McKinney, TX

Our Recommended Top 11

We did the research for you!

  • Licensing
  • User Reviews
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Our goal is to connect people with the best local professionals. We scored McKinney 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.

74Reviewed

48Curated

11Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

1600 Redbud Blvd, 4th Floor, McKinney, TX 75069
WebsiteLicense: 1829341

Expertise.com Rating

Review Sources

Facebook
4.7 (106)
Google
4.4 (59)

Why choose this provider?

Global Integrity Finance provides real investment products to clients in McKinney. For more than 25 years, it has assisted borrowers looking to refinance their existing mortgage in obtaining a lower interest rate or cutting their loan term short. Its mortgage advisors take the time to analyze the clients' needs, create customized mortgage options for them, and present these in real time. They also explain these options in detail to help borrowers understand the best arrangement for their situation. Global Integrity Finance seeks to simplify the loan process for clients.

  • New Construction
  • Reverse Mortgages

4500 Eldorado Parkway Suite 1200, McKinney, TX 75070
WebsiteLicense: 583439

Expertise.com Rating

Review Sources

Facebook
4.8 (111)
Google
4.8 (33)
Yelp
5.0 (1)

Why choose this provider?

First Bank addresses inquiries and applications involving loaning and refinancing programs from clients in McKinney. Its staff focuses on a detail-oriented approach by organizing comprehensive assessments of a potential applicant's existing loans, credit score, and specified terms and interest rates. It utilizes first-hand familiarity with various mortgage resources and trend changes in the real estate market to make adjustments to its financial recommendations. It also makes use of banking-related knowledge that has developed throughout the course of generations since First Bank began in 1907.

  • New Construction
  • Reverse Mortgages

McKinney, TX
WebsiteLicense: 316464

Expertise.com Rating

Review Sources

Google
5.0 (16)
Facebook
5.0 (8)
Yelp
1.0 (1)

Why choose this provider?

Tammy Costas works for Nexa Mortgage, serving clients in McKinney. She helps people secure mortgages when they want to buy a new home or refinance their current loans. Several loan options are available, including FHA, VA, jumbo, USDA, and HARP. Tammy caters to first-time and second-home buyers, investors, and senior citizens. One of her past clients said that she closed their deal with VA buyers two weeks earlier than planned. Tammy has a Business Administration degree and has been with Nexa Mortgage for over two years.

  • New Construction
  • Reverse Mortgages

2150 S Central Expy Ste 310 Ste310, McKinney, TX 75070
WebsiteLicense: 621485

Expertise.com Rating

Review Sources

Google
5.0 (56)
Yelp
5.0 (1)

Why choose this provider?

Michael DeBacker, a retail branch manager at USA Mortgage, supports families in McKinney in their homeownership process by providing a variety of mortgage products. He has been in the mortgage industry since 2008. Refinance options like cash-out, rate and term, and renovation refinance are available for customers who prefer to leverage home equity for investment. The agency offers a portfolio of loan products to meet clients' mortgage-related needs, including FHA, USDA home, conventional, VA, and jumbo loans.

  • New Construction
  • Reverse Mortgages

500 S Tennessee Street, McKinney, TX 75069
WebsiteLicense: 312734

Expertise.com Rating

Review Sources

Facebook
3.9 (22)
Google
4.8 (21)

Why choose this provider?

Gail Hillman is a branch manager of Novus Home Mortgage serving clients in McKinney. She offers mortgage refinancing services and products such as USDA, FHA, VA, IRRL, jumbo, and fixed loan programs. Additionally, the professional provides jumbo loans from Bayview, US Bank, PenFed, and Chase. Her conventional loan programs include Direct Freddie Mac, Fannie Mae HomeReady, Freddie Home Possible, and FNMA Direct. Hillman has been in the industry for over 15 years. She received the Best Mortgage Professional award in 2019 from D Magazine.

  • Reverse Mortgages

5601 Soapberry Dr., McKinney, TX 75070
WebsiteLicense: 361173

Expertise.com Rating

Why choose this provider?

Security Mortgage Co. is a brokerage company that serves clients in McKinney. It offers mortgage refinancing services that lead to lower interest rates and smaller monthly payments. It also assists clients looking to cash out equity to consolidate debt, renovate properties, or use on a family vacation. FHA and VA loans are offered to those who are looking to obtain government loan programs. Security Mortgage is owned and operated by Robert Weaver, a loan representative and mortgage broker with over 29 years of experience.

  • Reverse Mortgages

1402 S Custer Road Suite 503, Mckinney, TX 75070
WebsiteLicense: 621164

Expertise.com Rating

Review Sources

Facebook
5.0 (27)
Google
5.0 (4)

Why choose this provider?

Capacity Lending is a McKinney-based company providing its clientele with mortgage options and refinancing solutions. It offers FHA, VA, and fixed-rate or adjustable-rate loans. Its lending professionals assist current mortgagors in assessing their existing mortgages and restructuring them for benefits ranging from cash to lowered interest rates or monthly payments. They compare available lending options from the company's network of lenders and address clients' concerns to help prospective and current mortgagors find or refinance lending options according to their needs.

  • New Construction

6625 Mediterranean Drive #200, McKinney, TX 75072
WebsiteLicense: 260879

Expertise.com Rating

Review Sources

Facebook
4.9 (28)
Google
5.0 (3)
Yelp
3.5 (3)

Why choose this provider?

Pinnacle Funding Group caters to customers in McKinney and nearby areas. Its team provides personalized service by guiding clients through every stage of the home purchase and mortgage refinance process. Its mortgage professionals provide consultations to determine the client's individual goals and needs. They offer a variety of options and regularly inform borrowers about the status of their loans. The president of Pinnacle Funding Group, Brian Palmer, has been working in the mortgage industry since 2002.

  • Reverse Mortgages

2780 Virginia Pkwy., Ste. 100, Mckinney, TX 75071
WebsiteLicense: 8622

Expertise.com Rating

Review Sources

Google
4.9 (100)
Facebook
4.5 (19)
Yelp
5.0 (1)

Why choose this provider?

The Eric White Team is a Fairway Independent Mortgage Corporation brokerage that serves McKinney and its surrounding areas. It helps homeowners refinance their loans and find options with reduced interest rates or monthly payments. It also guides first-time home builders and buyers, from filing a mortgage application to closing. Eric White oversees a team of over 20 people, including loan officers, processors, and relationship managers. He has been in the mortgage business for over 20 years.

  • Reverse Mortgages

1402 S. Custer Rd., McKinney, TX 75072
WebsiteLicense: 188788

Expertise.com Rating

Review Sources

Google
5.0 (61)
Facebook
4.9 (30)

Why choose this provider?

Tom Sherman caters to clients of Benchmark Mortgage in communities within McKinney. For more than two decades, he has been assisting homebuyers, sellers, and refinancing applicants in canvassing various programs that match their specified terms, interest rates, and financial situations. He helps customers with preparing their requirements and conducts holistic assessments of the mortgage and real estate markets for information to use in his loan and refinancing recommendations. Sherman also works alongside the agency's other members in assisting veterans with their homeownership endeavors.

  • Reverse Mortgages

6951 Virginia Pkwy, Suite 101, McKinney, TX 75071
WebsiteLicense: 240123

Expertise.com Rating

Review Sources

Facebook
5.0 (5)
Google
5.0 (1)

Why choose this provider?

Joe Boggs is a loan officer helping McKinney clients find the right refinancing option to replace their existing mortgage loan. One of the loan programs he offers is rate term refinance, designed to pay off one loan using the new loan’s proceeds. A rate term refinance helps clients reduce their payments, interest rate, and overall mortgage term. His other loan programs include conventional, FHA, VA, and USDA rural loans. Boggs is a mortgage instructor and real estate investor affiliated with the Collin County Association of Realtors.

  • New Construction
  • Reverse Mortgages

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
Global Integrity Finance
1600 Redbud Blvd, 4th Floor, McKinney, TX 75069
First Bank
4500 Eldorado Parkway Suite 1200, McKinney, TX 75070
Tammy Costas
Michael DeBacker
2150 S Central Expy Ste 310 Ste310, McKinney, TX 75070
Gail Hillman
500 S Tennessee Street, McKinney, TX 75069
Security Mortgage Co.
5601 Soapberry Dr., McKinney, TX 75070
Capacity Lending
1402 S Custer Road Suite 503, Mckinney, TX 75070
Pinnacle Funding Group
6625 Mediterranean Drive #200, McKinney, TX 75072
The Eric White Team
2780 Virginia Pkwy., Ste. 100, Mckinney, TX 75071
Tom Sherman
1402 S. Custer Rd., McKinney, TX 75072
Joe Boggs
6951 Virginia Pkwy, Suite 101, McKinney, TX 75071

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.
  • Do mortgage refinance transactions in McKinney involve closing costs?

    Yes, mortgage refinance transactions in McKinney do involve closing costs. Additionally, there might be a requirement for a home appraisal. Assessing whether the savings achieved through refinancing outweigh these closing costs is crucial. Acquiring insights during a complimentary mortgage consultation with a mortgage advisor can assist individuals in making informed decisions.

  • What is the difference between adjustable and fixed-rate mortgages in McKinney?

    According to the Consumer Financial Protection Bureau, adjustable rates offer easier qualification, favoring those with limited credit history. Initial low rates increase periodically based on the lender's discretion. Conversely, Fixed-Rate mortgages maintain a consistent interest rate, irrespective of market fluctuations. New homeowners in McKinney often lean towards adjustable rates, while more robust credit profiles typically align with fixed-rate options.

  • How frequently can individuals refinance their residence in McKinney?

    The possibility of refinancing a home in McKinney occurs approximately once per year, with eligibility determined by factors like credit score, equity, loan type, and debt-to-income ratio. Borrowers can choose from loan options such as FHA, VA, and conventional loans, allowing flexibility in their refinancing journey. It's important to note that a Home Equity Line of Credit differs from conventional refinancing by not replacing the existing mortgage.

  • How can an individual use the cash drawn from their equity in McKinney?

    Through a cash-out refinance, individuals in McKinney can allocate cash obtained from their equity to address significant needs such as debt consolidation, tuition fees, medical expenses, and more. This approach is advantageous, especially given that a refinance mortgage interest rate of around 4% is considerably more favorable than the average credit card interest rate.

  • How much does it usually cost each time you refinance in McKinney?

    The expense of refinancing in McKinney generally encompasses closing costs that are approximately 2 percent of the loan balance in Texas; similar to the initial approval process, this may also include fees like appraisals, applications, and insurance. It's essential to recognize that refinancing could temporarily affect credit scores, potentially influencing terms and rates for future transactions.

  • 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.