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Best Mortgage Refinance Companies in Salt Lake City

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Advanced Funding Home Mortgage Loans logo
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License Verified:

License: 13287

Nationwide Multistate Licensing System and Registry

Advanced Funding Home Mortgage Loans

6589 South 1300 East, Salt Lake City, UT 84117
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  • Reverse Mortgages

Business Description

Salt Lake City-based mortgage refinance company Advanced Funding Home Mortgage Loans has been providing assistance in Utah mortgage loans and home purchasing since 1994. It offers a wide range of mortgages and refinancing options, including VA, FHA, conventional, cash-out, and debt consolidation. The firm serves experienced homeowners and first-time homebuyers and guides them in mortgage loan selection, the pre-qualifying process, and application. Its team of experienced loan officers has over 15 years of combined experience.

License Verified:

License: 13287

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
Facebook
5.0 / 5 (38)

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
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––
America West Financial Home Loans logo
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License: 197615

Nationwide Multistate Licensing System and Registry

America West Financial Home Loans

500 North Marketplace Drive, Centerville, UT 84014
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

America West Financial Home Loans is a mortgage refinance company that serves clients in Salt Lake City and its surrounding areas. The business helps clients in refinancing and selecting the right mortgage loans with the best interest rates. Its team of professional mortgage brokers handles various types of loans such as FHA, VA, home, conventional, construction, and reverse mortgage. Lee M Yates founded the company in 2003 after working as a certified mortgage advisor for several years.

License Verified:

License: 197615

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 (7)

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
Joe Libin logo
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License Verified:

License: 231319

Nationwide Multistate Licensing System and Registry

Joe Libin

1586 Stratford Avenue South, Salt Lake City, UT 84106
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  • Reverse Mortgages

Business Description

Joe Libin is a mortgage specialist working with Latitude Lending. Based in Salt Lake City, Joe and his team of mortgage originators specialize in residential mortgage services. They can assist clients in refinancing their mortgage or apply for new financing options such as USDA loans and fixed-interest mortgages. Joe Libin has been working as a mortgage originator since 2002. In 2020, he originated $60 million over 150 transactions. He was also previously one of the top producers at Wells Fargo Home Mortgage.

License Verified:

License: 231319

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
Loan Remedy logo
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License: 1827478

Nationwide Multistate Licensing System and Registry

Loan Remedy

4568 Highland Drive, Salt Lake City, UT 84117
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  • Reverse Mortgages

Business Description

Loan Remedy provides mortgage and refinancing solutions to clients in the Salt Lake City metro. It assists individuals who already have an existing loan by helping them secure lower interest rates and shorter loan terms, as well as combining two mortgages. The company takes into consideration a person's financial standing and handles the entire process, from comparing different options to dealing with the actual application and closing. Loan Remedy's programs include conventional, FHA, VA, and USDA loans.

License Verified:

License: 1827478

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 (199)
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
Friendliness
Helpfulness
Detail
Mark Moyes logo
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License Verified:

License: 267431

Nationwide Multistate Licensing System and Registry

Mark Moyes

910 East 6600 South, Salt Lake City, UT 84121
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

Mark Moyes - Intercap Lending offers refinancing solutions for home mortgages. It provides information to clients who are interested in refinancing and guides them through the process, often helping them to pursue specific benefits associated with refinancing such as lower payments, fixed interest rates, and the elimination of a need for mortgage insurance. This company frequently assists clients with special goals such as debt consolidation and offers alternative refinancing options such as points-based agreements and low-cost refinancing programs.

License Verified:

License: 267431

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
Yelp
5.0 / 5 (2)

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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Helpfulness
Detail
United First Mortgage logo
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License Verified:

License: 288937

Nationwide Multistate Licensing System and Registry

United First Mortgage

7351 Union Park Avenue, Midvale, UT 84047
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  • New Construction

Business Description

United First Mortgage is a mortgage refinancing firm that specializes in home loans and refinancing options in the Salt Lake City area. The company comprises NMLS-certified loan specialists and real estate finance professionals committed to helping clients find the best option for their refinancing needs. Some of the firm's options include conventional loans, government loans, and specialty loans that can help reduce monthly payments, cash-out equities, or purchase new properties.

License Verified:

License: 288937

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
Yelp
5.0 / 5 (2)

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
Wane Workman logo
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License Verified:

License: 224638

Nationwide Multistate Licensing System and Registry

Wane Workman

445 East 200 South, Salt Lake City, UT 84111
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  • Reverse Mortgages
  • NMLS #: 39166

Business Description

Wane Workman is a mortgage refinancing professional serving clients in Salt Lake City. Workman has been in the home loan industry for over 19 years, currently working as the branch manager for Academy Mortgage Corporation. He has been a President's Club Top Producing Loan Officer for the company for almost 13 years. Workman offers various loan options, such as conventional, jumbo, USDA, FHA, and VA loans. He handles all the paperwork, underwritings, and loan closings, striving to provide prompt services.

License Verified:

License: 224638

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 (117)
Facebook
5.0 / 5 (53)
Yelp
3.0 / 5 (2)

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
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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