Expertise.com

Best Mortgage Refinance Companies in Midland

2024

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Providers

Last updated:

Website
4411 West Illinois Avenue, Midland, TX 79703
  • New Construction

Why choose this provider?

Frank Perea is a mortgage expert representing SecurityNational Mortgage in Midland. An experienced and NMLS certified loan specialist, Frank Perea has a proven track record of helping people get out of their mortgage problems through simple loan application processes. His conventional, government, and specialty refinancing options help reduce clients' mortgage interest rates as well as shorten their mortgage payment periods. There are also options for debt consolidation, equity cash-outs, and removal of mortgage insurance. Frank has more than 15 years of experience in the industry.

License Verified:

License: 317782

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
Facebook
5.0 / 5 (21)

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
2101 West Wadley Avenue, Midland, TX 79705
  • FHA, VA, Conventional

Why choose this provider?

HNB Mortgage is a Midland-based firm that provides financing solutions to clients looking to refinance an existing mortgage, purchase a primary or secondary residence, or invest in new properties. It offers various mortgage refinance programs for those who want to obtain better terms or cash out. Its mortgage specialists deliver regular updates and progress reports throughout the lending process to keep borrowers informed on their loan status. HNB Mortgage has been awarded the Reader's Choice Gold Medal by the Midland Reporter-Telegram.

License Verified:

License: 205935

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
5.0 / 5 (38)
Facebook
4.8 / 5 (24)
Yelp
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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
4410 North Midkiff Road, Midland, TX 79705
  • New Construction

Why choose this provider?

LeighAnne Price, a loan officer at Supreme Lending, guides Midland residents in several areas, including mortgage refinancing which caters to clients looking into reducing their loans' interest rates or shortening their mortgages' terms. Furthermore, Price guides clients who are first-time borrowers, providing assistance throughout the entire process, from application, setup, and underwriting to closing. Conventional, jumbo, adjustable rate, VA, and FHA loans are some of the options she and her team can help clients with.

License Verified:

License: 1531656

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.
4.4
Google
5.0 / 5 (8)

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
3211 West Wadley Avenue, Midland, TX 79705
  • New Construction

Why choose this provider?

Benchmark Mortgage is a team of loan officers specializing in mortgage lending to borrowers around the West Texas area. The company has offices in Midland and Grandbury. The founding manager of the Midland branch, Tracy Timlin Robinson, has been offering home loan solutions to clients in Permian Basin and the surrounding areas in Texas since 1987. The company provides information on the mortgage loan process, which includes steps on home buying, documents that need to be prepared, and other details.

License Verified:

License: 424400

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

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.
  • Should you use the 2% rule when considering mortgage refinancing in Midland?

    The classic rule of thumb is that you should consider mortgage refinancing when the interest rate post-refinancing is 2% lower than the current rate. This is still decent advice, but there may be options in the market that a mortgage expert can point out that provide more benefits to you.

  • Are there reasons why you shouldn't pay off a mortgage early in Midland?

    Depending on the terms of your mortgage, you may have to pay a penalty for paying more than needed on your mortgage. You should also consider your other financial obligations when considering paying your mortgage early, such as credit card debt or higher education expenses. If you still think you can afford to pay your mortgage off early, you can explore options such as making extra monthly payments or refinancing your mortgage to shorten the term.

  • Do you always have to pay closing costs when refinancing a mortgage in Midland?

    No, you have the option of rolling in your closing costs into your new loan when refinancing a mortgage in Midland. This means that the closing costs are added to the principal balance of your new mortgage, meaning you don't have to pay the closing costs immediately but instead throughout the lifetime of the refinanced mortgage.

  • Is there a limit to how much you can get in a cash-out refinance in Midland?

    Different factors affect how much cash you can get from a cash-out refinance in Midland, but generally, you can get as much as 80% of your home's value in cash as long as you have at least 20% equity. Other than the amount of equity you own, your income and credit score can also affect how much money you can withdraw from a cash-out refinance.

  • Should you take out a mortgage in Midland if interests are high?

    High interest rates are a reasonable cause for concern when thinking of taking out a mortgage in Midland, but refinancing is always an option further along your journey as a homebuyer or owner. You could consult with a mortgage professional to determine if you can manage a costlier mortgage until you can reasonably refinance it for lower interest rates or lower regular payments.

  • 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.