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Best Mortgage Refinance Companies in Suffolk

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2023
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Alexa Rae Home Loans logo
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License Verified:

License: 1465347

Nationwide Multistate Licensing System and Registry

Alexa Rae Home Loans

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1612 Centerville Turnpike Ste 307 2nd Floor, Virginia Beach, VA 23464
  • New Construction

Business Description

Alexa Rae Home Loans caters to borrowers with existing mortgage obligations in Suffolk. Loan officer Alexa Rae Provost helps individuals lower their current interest rates and monthly payments and obtain cash from equity. She strives to recommend CMS Mortgage programs aligned with clients' objectives. She carries out refinance analysis and explains the differences between various loan options, including terms, conditions, and rates. Since 2015, Alexa has been assisting first-time and repeat applicants. In 2020, she published her book, Alexa Get Me a Mortgage.

License Verified:

License: 1465347

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 (11)
Google
5.0 / 5 (8)
Evolution Home Mortgage logo
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License Verified:

License: 2045369

Nationwide Multistate Licensing System and Registry

Evolution Home Mortgage

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1060 Laskin Road Unit 14B, Virginia Beach, VA 23451
  • New Construction

Business Description

Evolution Home Mortgage provides services across Suffolk and the surrounding areas. The company assists individuals needing mortgage refinancing services to reduce their interest rates, change their term lengths, or minimize their monthly payments according to their financial improvement needs and goals. It offers various loan options, such as jumbo and super jumbo, USDA, FHA, and VA, for clients wanting to purchase their first or investment homes. Evolution Home Mortgage also offers adjustable and fixed mortgage loans.

License Verified:

License: 2045369

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 (11)

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
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Farmers Bank Home Mortgage logo
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License Verified:

License: 41552

Nationwide Multistate Licensing System and Registry

Farmers Bank Home Mortgage

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

Business Description

Farmers Bank Home Mortgage, an affiliate of Tidewater Home Funding, LLC, helps the people of Suffolk and nearby areas realize their dream of homeownership. It works with borrowers looking to refinance their current mortgages and those who want to purchase a new home. It has in-house specialists who take care of the processing, underwriting, loan closing, and funding functions. The team offers assistance throughout the home loan process. from processing, and underwriting to loan closing and funding. Farmers Bank Home Mortgage is committed to educating both first-time and seasoned homebuyers and providing the resources they need to make informed decisions. Farmers Bank Home Mortgage is licensed in VA, NC & FL. NMLS ID #41552 (www.nmlsconsumeraccess.org). 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)
Google
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.
4.0
Responsiveness
Friendliness
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Detail
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M&M Mortgage Team logo
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License Verified:

License: 1883990

Nationwide Multistate Licensing System and Registry

M&M Mortgage Team

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742 Thimble Shoals Blvd, Ste A, Newport News, VA 23606
  • New Construction

Business Description

M&M Mortgage Team offers refinancing solutions for clients in Suffolk. Its mortgage consultants provide refinancing options for single and multi-family, townhouse, condominium, and manufactured homes. In addition, they have fixed-rate mortgages, the most common type of loan in which principal and interest payments remain constant throughout the loan's duration. Other mortgage programs are adjustable ARM, graduated payment, and interest only. One of the company's loan originators, Lori Marrow, has been in the banking and mortgage industry for over 30 years.

License Verified:

License: 1883990

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
4.9 / 5 (37)
Facebook
5.0 / 5 (9)

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
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Detail
MMMT Mortgage logo

License Verified:

License: 293333

Nationwide Multistate Licensing System and Registry

MMMT Mortgage

11815 Fountain Way , STE 300, Newport News, VA 23606
  • Reverse Mortgages

Business Description

MMMT Mortgage has been serving clients in the Suffolk metro since 2006. It helps homeowners reduce their monthly payments and interest rates, modify their loan terms, and take cash out of the equity in their properties through mortgage refinancing. After submitting a home refinance analysis request, customers receive options based on their specific needs and circumstances. These options include fixed-rate, adjustable-rate, jumbo, FHA, and VA loans. The company also assists seniors aged 62 and older through every step of the reverse mortgage loan application process.

License Verified:

License: 293333

Nationwide Multistate Licensing System and Registry

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
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Reverse Mortgage Pro logo
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License Verified:

License: 139414

Nationwide Multistate Licensing System and Registry

Reverse Mortgage Pro

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Hampton, VA 23663
  • New Construction

Business Description

Reverse Mortgage Pro delivers custom services to Suffolk homeowners who want to apply for refinancing. It assists borrowers in refinancing outstanding loans and consolidating debt. Its loan officers help clients find loan programs suited to their specific needs, offering products such as the NEW Reverse Ultimate Equity Credit Line and The New Reverse HECM for Purchase Program. It has been serving the community for over 25 years. The company offers house call services throughout the state.

License Verified:

License: 139414

Nationwide Multistate Licensing System and Registry

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
Responsiveness
Friendliness
Helpfulness
Detail
––
Stephen Holland logo
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License Verified:

License: 1084044

Nationwide Multistate Licensing System and Registry

Stephen Holland

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5040 Corporate Woods Drive Suite 101, Virginia Beach, VA 23462
  • New Construction

Business Description

Stephen Holland is a mortgage loan originator serving the Suffolk area. The home financing specialist, who is affiliated with AnnieMac Home Mortgage, assists clients through the refinancing process. He also offers a variety of programs for homebuyers, including conventional, jumbo, and VA loans. Additionally, Stephen helps clients apply for construction loans, which cater to clients who prefer to have new homes built. The longtime Virginia Beach resident, who worked for Fortune 500 companies, has over 10 years of industry experience.

License Verified:

License: 1084044

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 (56)

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.
  • 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.