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Best Mortgage Refinance Companies in Orem

2024

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Providers

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Website
560 S State St ste H-1, Orem, UT 84097
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Evergreen Mortgage provides refinancing services for residents based in Orem. Its goal is to help people understand how to navigate the process of home buying and inform them of their options. It provides loans to clients who are purchasing homes or seeking to obtain mortgage refinancing programs. Owner Kjell McCord has over 19 years of experience in the mortgage, marketing, and real estate industries. His company has helped clients reduce their payments by an average of 32% with an average lifetime interest savings of $106,000.

License Verified:

License: 1303163

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 (12)
Google
5.0 / 5 (6)

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
576 S State St, Orem, UT 84058
  • Reverse Mortgages

Why choose this provider?

Bentley Advisory Group supports clients residing in Orem and the surrounding communities. It helps owners of condominiums and single-family and multifamily dwellings lower their monthly payments and interest rates or alter the terms of their loans by providing them with mortgage refinancing services. The company partners with several lenders to assist homebuyers in securing a loan program that meets their needs, whether a fixed-rate, adjustable-rate, VA, or FHA loan. One customer commended the company's staff for helping and responding to all of his questions.

License Verified:

License: 178787

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 (13)

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
242 W 1000 S, Lehi, UT 84043
  • Reverse Mortgages

Why choose this provider?

Work Harding Home Mortgage Team provides various lending options to the locals of Orem. The company offers a variety of mortgage loan alternatives, including FHA, VA, reverse, lender-paid mortgage insurance, fixed rates, adjustable rates, and reverse mortgages. The team also assists clients in applying for other loan choices that include a long-term rate lock program, investor cash flow, building and lot, grant money, and no-closing cost loans. President and loan officer Ryan Harding has more than two decades of experience in the field.

License Verified:

License: 269043

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 (144)
Google
4.9 / 5 (132)
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
1145 S 800 E, Orem, UT 84097
  • Multi-Family Loans

Why choose this provider?

Lana Lesser helps customers in Orem with refinancing excessively onerous loans or obtain new ones. The team has FHA-backed choices for borrowers who need more generous downpayment choices and jumbo mortgages for assets with high values. The clientele includes real estate investors and homebuyers upgrading from their current homes to more comfortable accommodations. Lana Lesser owns Preferred Mortgage Inc. and enjoys the benefits that working with the company for over 20 years brings, including forming long-term relationships with clients.

License Verified:

License: 251997

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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
813 N 900 W, Orem, UT 84057
  • New Construction

Why choose this provider?

Superior Lending Associates, LC, works with clients across Orem. The company delivers a variety of mortgage programs for aspiring homeowners, ranging from USDA and VA loans to conventional mortgages. It provides the FHA 203(k) loan, a program for borrowers aiming to finance home renovation projects or property rehabilitation work. Reverse mortgage is also available to senior homeowners who want to access their property's equity. Superior Lending Associates has been addressing clients' mortgage needs since 2001.

License Verified:

License: 3152

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 (180)
Facebook
4.8 / 5 (72)

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

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 are the mortgage refinance rates in Orem?

    For a 30-year fixed mortgage in Orem, the interest rate is 7.56%; for a 15-year fixed mortgage, it is 6.6%. Refinancing is best done when rates are low. Staying updated on the latest refinance rates and engaging in negotiations with a lender to secure a rate is essential, given that rates can fluctuate daily.

  • What kind of refinance program is suitable for people with low credit scores in Orem?

    The FHA refinance program is suited for those with low or less than ideal credit scores in Orem since it is supported by HUD and the US government. Borrowers with credit scores as low as 580 may be eligible for this program. Additionally, FHA refinance loans have lower interest rates than most conventional mortgages available and require down payments as low as 3.5%.

  • Can borrowers receive any money when they refinance debt in Orem?

    Yes, borrowers who complete their refinance loan in Orem may get cash through a cash-out refinance program. The loan provides borrowers with a lump sum of money that can be used to pay down their current mortgages, closing costs, purchases, home improvement costs, and any prepaid expenses. The borrowers receive the remainder of the loan's funds.

  • What factors affect the refinance rates in Orem?

    Several factors can influence refinance and mortgage rates in Orem:

    • Mortgage-Backed Securities: Lenders often base their rates on how mortgage-backed securities are trading in the bond market.
    • The fed funds rate: This rate impacts borrowing costs, which affects mortgage rates and financial markets.
    • Housing market strength: High housing market strength can raise mortgage rates due to increased lender confidence in homeowners' loan repayment abilities.
  • Is it required to refinance with the same lender in Orem?

    While it is not required to refinance with the same lender in Orem, doing so can have advantages, such as the package and information the lender may offer to maintain business. Before switching lenders, borrowers should evaluate their priorities and the rates and terms that may be provided.

  • 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.