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Best Mortgage Refinance Companies in Chesapeake

2024

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Website
425 West Washington Street, Suffolk, VA 23434
  • NMLS #: 39166

Why choose this provider?

Ronetta Sykes is a loan originator who works for First Home Mortgage and serves clients in Chesapeake. Ronetta assists homebuyers in securing financing and offers mortgage refinancing options for homeowners. She also serves as a board member and treasurer for Virginia Housing and Community Development Corporation. As a qualified trainer with VHDA, she aims to educate the public about homeownership and home financing. Working for First Home Mortgage has allowed her to help clients reduce their monthly payments and shorten their mortgage terms.

License Verified:

License: 1490145

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 (14)

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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Website
615 San Pedro Dr, Chesapeake, VA 23322
  • Reverse Mortgages

Why choose this provider?

Vantage Point Mortgage helps clients in Chesapeake by acquiring accurate mortgage opportunities for home purchase and refinancing. It recommends different programs, options, and terms that benefit borrowers. The company offers mortgage home purchase, home refinancing, FHA, VA, USDA, jumbo loans, and fixed mortgages. Individuals aspiring to own homes for only a few years can opt for an adjustable-rate option, which offers lower interest rates than a fixed-rate mortgage. The loan officers assess clients' needs and objectives before offering solutions.

License Verified:

License: 1979521

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 (39)

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
––

Website
4433 Corporation Lane, Virginia Beach, VA 23462
  • NMLS #: 39166

Why choose this provider?

Southern Trust Mortgage specializes in providing home loans and mortgage refinancing options to clients in the greater Chesapeake area. It assist clients looking to consolidate debt or pay off their mortgages faster by using a number of mortgage refinancing options such as FHA or VA loans and adjustable-rate mortgages. The company offers reverse mortgage options to clients who wish to access their home's equity. Additionally, it provides USDA and jumbo loans for home purchases.

License Verified:

License: 2921

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.
3.7
Yelp
3.5 / 5 (13)
Facebook
4.4 / 5 (1)

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
2815 Godwin Blvd. Ste I-3, Suffolk, VA 23434
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Farmers Bank Home Mortgage serves borrowers in and around Chesapeake. The firm offers refinancing solutions, providing clients with options to lower their interest rates, transfer from ARM to FRM, and shorten their loan durations. Its staff assists clients in evaluating their mortgage needs and developing a refinancing strategy. In addition, it provides construction, home equity, jumbo, USDA, and VA mortgage loans. The company is affiliated with Tidewater Home Funding, which was founded in 2000. It is also an equal housing lender.

License Verified:

License: 41552

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 (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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
4532 Bonney Rd Suite A, Virginia Beach, VA 23462
  • New Construction

Why choose this provider?

For over 50 years, the Dragas Mortgage Company has been serving clients throughout Chesapeake. It guides property owners through the mortgage refinancing process and assists on issues involving home appraisal, document processing, and loan closing. The company has experience with different types of loan programs, like VHDA, FHA, and VA loans. It also deals with new home buyers and educates them on the pre-qualification process. Wayne Zubyk, its president, has spent more than three decades in the real estate industry.

License Verified:

License: 396369

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 (17)

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
Chesapeake, VA 23322
  • NMLS #: 39166

Why choose this provider?

Cornerstone Home Mortgage LLC is a locally owned company that has offered home mortgage refinance in Chesapeake since 2005. Its experienced mortgage brokers assist homeowners considering refinancing to obtain better interest rates, lower monthly payments, or different loan terms. They can also help homeowners determine whether a fixed or adjustable rate and a 15-, 20-, or 30-year term is best for their situation. Cornerstone Home Mortgage offers conventional, jumbo, VA, and FHA loan options.

License Verified:

License: 272287

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 (1)
Facebook
5.0 / 5 (1)

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
600 22nd Street, Virginia Beach, VA 23451
  • NMLS #: 39166

Why choose this provider?

Towne Bank Mortgage is a local mortgage company that coordinates with local Realtors, builders, and appraisers to assist homeowners in the Chesapeake area. The firm helps loan seekers determine mortgage refinancing options to help them reduce monthly payments, interest rates, and the repayment term. Clients seeking to keep their second mortgages intact may benefit from the company's subordination services. Towne Bank Mortgage provides conventional, FHA, and VA loans. It also offers USDA, jumbo, and reverse mortgages.

License Verified:

License: 512138

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 (1)

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 is the closing cost of a cash-out refinance in Chesapeake?

    A cash-out refinance in Chesapeake has closing costs that range from 3% to 5% of the entire loan amount. If you don't have enough money to cover the closing fees up front, you can simply add them to your loan balance. Consider any potential long-term costs before choosing this option, as rolling your closing fees into the loan would require you to pay interest on them over time.

  • What's the maximum amount you can borrow in Chesapeake with a HELOC?

    Your existing home equity and outstanding mortgage balance will be used to determine your HELOC limit in Chesapeake, but you can normally borrow up to 85% of the value of your property, less the principal balance of your outstanding mortgage. For instance, let's say your house is worth $500,000 and your loan balance is $300,000. Your home equity would be $200,000, which is the difference between these figures. Your limit would be $125,000 if you were granted an 85% HELOC.

  • What credit score is required in Chesapeake to be eligible for an FHA cash-out refinance?

    In Chesapeake, a minimum credit score of 500 is required for all FHA loans, but lenders typically accept scores from 600 to 660 or even higher for an FHA cash-out refinance. This is because minimums established by lenders are usually greater than those required by the FHA. If you can't get a loan from one lender, go around until you can find one with more flexible requirements.

  • How much equity is required to refinance the loan on your second Chesapeake property?

    It's customary to leave a minimum of 25% of the equity in your house at the loan's closing in order to refinance a second property in Chesapeake. However, some lenders may even demand that you maintain an equity of more than 25% in your second house after refinancing due to the increased risk.

  • Will consolidating your debt into a mortgage in Chesapeake put your house at risk?

    Consolidating your debt into a mortgage in Chesapeake may put your house at risk. Because of this, you should seek better conditions when refinancing to consolidate or pay off your debt. Furthermore, it is crucial to understand that the debt was initially caused by your spending habits. Therefore, it is necessary to modify behaviors and make an effort to pay more towards the balance.

  • 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.