Expertise.com

2024

Last updated:

Best Mortgage Refinance Companies in Richardson

Our Recommended Top 10

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored Richardson 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.

67Reviewed

44Curated

10Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

13355 Noel Road, Suite 1360, Dallas, TX 75240
WebsiteLicense: 329429

Expertise.com Rating

Review Sources

Google
5.0 (126)
Facebook
5.0 (21)
Yelp
5.0 (3)

Why choose this provider?

D&H Lending is a boutique mortgage company that serves home buyers and owners in Richardson and the nearby areas. The company specializes in various home loans, which include real estate refinancing options for different kinds of properties, such as single-family homes, townhomes, condominiums, and multi-family properties. Its loan officers can help clients explore rates, costs, programs, and scenarios, lock their rates, complete underwriting property-specific items, and sign closing documents. D&H Lending has been helping Texans with their mortgage needs since 2005.

  • Cash-out Refinance
  • Purchase Transactions
  • Refinance

14800 Quorum Drive, Ste 110,, Dallas, TX 75254
WebsiteLicense: 258527

Expertise.com Rating

Review Sources

Google
4.7 (14)

Why choose this provider?

Mortgage Goat is a mortgage brokerage catering to the purchase and refinance needs of Richardson clients. It handles a variety of lending programs including FHA, VA, jumbo and conventional loans. It also has cash-out refinance, ITIN, DACA, and USDA mortgages. Branch manager JC Mier was named by Top10DALLAS as a 2022 Top 10 DFW Mortgage Professional, with over $2.5 billion in loan volume and 10,000 units financed. He and his team at Mortgage Goat provide inclusive service with bilingual support.

  • New Construction

12160 Abrams Rd., Ste 411, Dallas, TX 75243
WebsiteLicense: 195695

Expertise.com Rating

Review Sources

Facebook
5.0 (46)

Why choose this provider?

Supreme Lending caters to the needs of clients in the Richardson metro and the surrounding areas. It provides a variety of loan programs, including jumbo, conventional, adjustable-rate, and fixed-rate. In addition, the firm offers government options such as FHA and VA. Its team of loan officers assists customers who are looking to purchase or refinance assets like primary homes, secondary residences, and investment properties. Supreme Lending has more than 20 years’ worth of industry experience.

  • Commercial Loans
  • New Construction

15851 Dallas Pkwy, Ste 600, Addison, TX 75001
WebsiteLicense: 919589

Expertise.com Rating

Review Sources

Google
5.0 (108)
Facebook
5.0 (6)

Why choose this provider?

Signature Lending Services assists Richardson residents who want to refinance their homes for a variety of reasons, including reduced mortgage terms, lower interest rates, and debt consolidation. It provides a variety of loans based on the client's situation, including conventional, FHA, jumbo, and VA mortgages. It also helps people with construction projects by working with builders to handle closing costs and upgrades. Mark Harcow, the company's owner, has been a residential mortgage loan originator since 2000.

  • New Construction
  • Reverse Mortgages

100 Crescent Court 7th Floor, Suite 7005A, Dallas, TX 75201
WebsiteLicense: 278904

Expertise.com Rating

Review Sources

Google
5.0 (94)

Why choose this provider?

William Ross Wright is a loan officer with Nexa Mortgage serving people in Richardson. He guides homebuyers and homeowners through the refinancing process to change the terms of their mortgages, reduce their interest rates, or take cash out of their home's equity. He offers conforming, fixed-rate, and adjustable-rate loans, as well as VA, FHA, and USDA home loans. William and other Nexa Mortgage loan officers consider changes in market conditions and mortgage programs when providing financial advice to borrowers.

14850 Montfort Dr., Dallas, TX 75254
WebsiteLicense: 1690300

Expertise.com Rating

Review Sources

Google
4.2 (57)
Yelp
5.0 (1)

Why choose this provider?

On Time Lending, LLC, provides mortgage services to clients across Richardson and the surrounding areas. It helps individuals lower their mortgage interest rates by refinancing their existing loan programs. It also offers to cash out their homes' equity for debt consolidation, educational funds, or home improvements. Its team also offers various loan programs, such as VA and FHA, for clients wishing to purchase their primary or investment homes. On Time Lending has been operating in the industry for more than three decades.

  • Reverse Mortgages

4001 McEwen Rd. Ste 420, Dallas, TX 75244
WebsiteLicense: 224642

Expertise.com Rating

Review Sources

Facebook
5.0 (159)
Google
4.9 (158)

Why choose this provider?

USA Mortgage Group delivers solutions to Richardson residents who are looking to refinance. Its team of mortgage advisors assists homeowners in accomplishing refinancing programs for FHA, VA, and conventional loans. Deploying online account management tools for convenience, the team helps clients in each step of the refinancing process, from pre-qualification and application to closing. It has more than 50 years of combined experience and strives to create tailored mortgage services that fit clients' financial goals and needs.

  • Reverse Mortgages

17304 Preston Road, Suite 800, Dallas, TX 75252
WebsiteLicense: 202381

Expertise.com Rating

Review Sources

Google
5.0 (57)

Why choose this provider?

Les Lobel of V.I.P. Mortgage, Inc., is a loan officer who serves the Richardson area. He provides refinancing solutions to help his clients adjust their loan terms, acquire cash outs, remove the PMI, and lower their interest rates and payments. Lobel also handles conventional and inclusive mortgage programs, as well as loans for renovation and construction purposes. His company has lent more than $25 billion across 28 states and was included by the Mortgage Executive Magazine in its Top 100 Mortgage Companies in America list.

  • New Construction

17330 Preston Road, Suite 200D, Dallas, TX 75252
WebsiteLicense: 1443080

Expertise.com Rating

Review Sources

Google
5.0 (58)
Facebook
4.8 (30)

Why choose this provider?

IKON Mortgage Inc. helps clients in Richardson achieve their dream of home ownership. Its home refinancing specialist evaluates the client's current home mortgage, rates, insurance requirements, and other factors and discusses their available options. It also helps clients get approved for VA, FHA, USDA, jumbo, conventional, and remodel loans. The residential mortgage company was founded by Summer Kim-Davis. She was recognized by several awards, including being among the Forbes 2020 Mortgage Market Leaders 100 List.

  • Purchase and Refinance
  • Cash-out Refinance
  • FHA & VA

2435 North Central Expressway, Suite 1260, Richardson, TX 75080
WebsiteLicense: 181407

Expertise.com Rating

Review Sources

Facebook
5.0 (9)
Yelp
5.0 (6)

Why choose this provider?

NRL Mortgage offers different loan programs that address the financial needs of clients in Richardson. Its staff members assist applicants in refinancing their existing loans for improved financial security, debt payment, optimized interest rates, and reduced monthly payments. They are available on a 24/7 basis for inquiries and clarifications concerning changes in local mortgage rates and trends in the real estate market. They also participate in volunteer work and outreach efforts alongside local non-profit groups through the firm's NRL Cares program.

  • New Construction

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.
  • How can a credit score improvement impact refinancing options in Richardson?

    In Richardson, a substantial credit score improvement might enable homeowners to refinance at a better rate. A mere 20-point credit score increase can significantly lower interest expenses over the loan term, contingent on loan specifics. To enhance credit scores, on-time payments, debt reduction, and decreased credit utilization are recommended. Regular credit score monitoring aids in identifying opportunities to refinance for improved rates based on credit score progress.

  • How does refinancing differ from the original mortgage in Richardson?

    While refinancing and the initial mortgage in Richardson both involve applying for a loan and paying comparable fees, the key distinction is that refinancing doesn't entail a home purchase. Refinancing can sometimes be more cost-effective due to waived fees from the initial purchase. Online refinance calculators help determine the break-even point, where monthly savings cover refinancing costs. Generally, if you plan to stay long enough to recoup the total refinance expense, it's worthwhile.

  • How do interest rates, fees, and equity limitations impact cash-out refinancing in Richardson?

    In Richardson, cash-out refinancing's interest rate can save money if lower, but higher rates lead to more interest on current and new amounts. Cash-out refinancing typically involves higher fees than home equity loans or lines of credit, and lenders often restrict loan amounts to 80% of home value, limiting available equity. Some states also have specific rules and regulations for a cash-out refinance.

  • Are prepayment penalties charged when refinancing your mortgage in Richardson?

    Prepayment penalties are charged when refinancing your mortgage. In Richardson, a prepayment penalty is a price that lenders impose on borrowers who pay back their loans shortly after obtaining them. These costs deter early loan repayment and refinancing of mortgages, protecting lenders from lost interest revenue. If the entire sum is paid off during the first year, prepayment penalties usually start at roughly 2%. Depending on the balance owed when the loan is paid off, the penalty lowers until zero.

  • What additional fees are associated with a cash-out refinance in Richardson?

    The Texas Constitution does not limit the number of cash-out refinance loans individuals in Richardson can acquire on a single home, but waiting at least a year between successive cash-out refinances is required. This change offers flexibility, allowing homeowners to rebuild equity over time and potentially consider another cash-out refinance as home prices rise.

  • 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.