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Best Mortgage Refinance Companies in Richmond

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8339 Wetherden Drive, Mechanicsville, VA 23111
Mechanicsville, VA 23111
  • Reverse Mortgages
  • NMLS #: 39166

1st Call Mortgage is a Richmond mortgage refinance agency that specializes in refinancing options for homeowners in the area. The company offers wide options for mortgage refinancing and loans that cater to different housing units, from single-family homes to condominiums. Its team of NMLS certified loan specialists is committed to helping clients find the best option based on their budget and current financial situation. Some of its refinancing options include reducing monthly interest rates, cashing out equities, and short-term loans.

8339 Wetherden Drive, Mechanicsville, VA 23111
Mechanicsville, VA 23111

Website(804) 505-3007

Show Number

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.

Online Profiles:

3 (Best)

Average Review Score:

5 / 5 ( Best)

Total Reviews:

18 (Better)

Score Consistency:

Consistent (Best)

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.

Responsiveness: A+

Friendliness: A+

Helpfulness: A+

Detail: A+

3900 Westerre Parkway, Richmond, VA 23233
Richmond, VA 23233
  • Reverse Mortgages

Dominion Capital Mortgage Inc. is a mortgage refinancing company serving clients in Richmond since 2006. It provides a wide variety of loan programs, including fixed-rate from 8 to 30 years, ARMs from 3, 5, 7 to 10 years, FHA, USDA, VA, and jumbo. They also offer conventional mortgages for single-family homes, townhomes, condos, multi-unit homes, second homes, and investment properties. Work on properties Dominion Capital Mortgage Inc. also offers home purchasing assistance, renovation loans, and home appraisals.

3900 Westerre Parkway, Richmond, VA 23233
Richmond, VA 23233

Website(804) 441-6940

Show Number

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.

Online Profiles:

3 (Best)

Average Review Score:

4.7 / 5 ( Best)

Total Reviews:

46 (Best)

Score Consistency:

Consistent (Best)

9951 Brook Rd, Glen Allen, VA 23059
Glen Allen, VA 23059
  • Reverse Mortgages

Essex Bank helps homeowners looking for home mortgage refinance in Richmond. The bank offers competitive rates for borrowers looking to cash out for home improvements or who seek potential savings on payments and interest rates. Each refi is conducted by certified mortgage consultants, with one point of contact from application through the closing process. The lender offers fixed-rate and adjustable-rate mortgages (ARM) and VA loans, and it provides home equity credit lines, construction loans, and residential lot loans. Additional services include personal banking, business banking, financial planning, and mobile banking.

9951 Brook Rd, Glen Allen, VA 23059
Glen Allen, VA 23059

Website(800) 443-5524

Show Number
4198 Cox Road, Glen Allen, VA 23060
Glen Allen, VA 23060
Instagram
  • Reverse Mortgages
  • NMLS #: 39166

Since its inception in 1998, Southern Trust Mortgage, LLC, has been assisting homebuyers, owners, and residential real estate investors in Richmond with their mortgage financing needs. The company helps clients who wish to enhance their financial situation with its mortgage refinancing programs. Its mortgage specialists provide an extensive array of refinancing options depending on the client's needs. These include adjustable rate mortgages, FHA, VA, and cashout refinance. The team also assists clients with debt consolidation and private mortgage insurance elimination.

4198 Cox Road, Glen Allen, VA 23060
Glen Allen, VA 23060

InstagramWebsite(804) 396-2301

Show Number

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.

Online Profiles:

2 (Better)

Average Review Score:

4.8 / 5 ( Best)

Total Reviews:

163 (Best)

Score Consistency:

Consistent (Best)

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.

Responsiveness: A+

Friendliness: A+

Helpfulness: A+

Detail: A+

5300 Hickory Park Drive, Glen Allen, VA 23059
Glen Allen, VA 23059
  • Reverse Mortgages
  • NMLS #: 39166

TrustMor Mortgage Company is a team of mortgage refinancing specialists that assists and counsels clients looking for mortgage refinancing options in the Richmond area. The company was founded by home-building professionals who tapped into the mortgage market due to a shortage of lenders and financing options. This first-hand experience of the clients' perspective in homeownership motivated the company to provide wider options for reducing mortgage interest rates, loan lengths, and monthly payments, as well as consolidating debt.

5300 Hickory Park Drive, Glen Allen, VA 23059
Glen Allen, VA 23059

Website(804) 262-7408

Show Number
3209 Boulevard, Colonial Heights, VA 23834
Colonial Heights, VA 23834
Instagram
  • Reverse Mortgages

Virginia Commonwealth Bank provides mortgage options for individuals in the Richmond area. Its loan officers work with homeowners interested in refinancing their current mortgage to secure a lower interest rate, shorten the loan's terms, or eliminate mortgage insurance. They also assist with the refinance process when clients want to pursue cashing out some of their home's equity to finance a renovation project, medical expenses, or consolidate high-interest debt. Virginia Commonwealth Bank offers loan programs for first-time home buyers as well as investors with options that include conventional, FHA, VA, USDA, and jumbo loans.

3209 Boulevard, Colonial Heights, VA 23834
Colonial Heights, VA 23834

InstagramWebsite(804) 526-1553

Show Number

Frequently Asked Questions:

Q: What should you expect when refinancing a mortgage?
A: 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.
Q: How often should you refinance your mortgage?
A: 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.

Q: Can you refinance a first mortgage and not a second?
A: 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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