Best Mortgage Refinance Companies in Lynchburg

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Diversified Mortgage Brokers logo
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License Verified:

License: 188675

Nationwide Multistate Licensing System and Registry

Diversified Mortgage Brokers

100 Copley Place, Suite D, Lynchburg, VA 24502
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  • New Construction

Business Description

Diversified Mortgage Brokers provides home loan solutions to borrowers in Lynchburg. The mortgage company offers home purchase loans and refinancing options, such as FHA, VA, USDA, HARP 2.0, and conventional loan programs. Its team guides clients throughout the application process, from pre-qualification to the summation stage. Diversified Mortgage Brokers' owner and president, Paul McDaniel, has been in the brokerage industry since 1989. McDaniel is a member of the Lynchburg Chamber of Commerce and the Lynchburg Board of Realtors.

License Verified:

License: 188675

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)
Facebook
5.0 / 5 (1)
TY Mortgage LLC logo
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License Verified:

License: 158115

Nationwide Multistate Licensing System and Registry

TY Mortgage LLC

15115 Forest Road, Forest, VA 24551
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  • New Construction
  • Reverse Mortgages

Business Description

TY Mortgage, LLC, brings together a team of experienced loan consultants to help homeowners and prospective home buyers in Lynchburg determine which loan option fits their individual situations. The company’s loan products include USDA, FHA, VA, and 5% conventional loans. Its loan officers also provide clients the assistance they need to refinance their current mortgage or take advantage of their homes’ equity through cash-out refinance. In addition, TY Mortgage accommodates the financing needs of clients looking to invest in commercial properties.

License Verified:

License: 158115

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.
4.6
Facebook
4.5 / 5 (26)
Google
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
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Frequently Asked Questions

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.

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.

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.

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