Expertise.com
2024

Last updated:

Best Mortgage Refinance Companies in Renton

Our Recommended Top 5

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored Renton Mortgage Refinance Companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

57

Reviewed

36

Curated

5

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
Renton, WA
  • Refinance
  • VA Purchase
  • Loans
  • Mortgage Brokers
  • VA Refinance
  • New Construction

Why choose this provider?

Stone Ridge Home Loans, PLLC, caters to the mortgage needs of clients in and around Renton. The firm assists individuals with existing loans in paying off higher-interest debts, reducing monthly payments, and getting shorter mortgage terms through refinancing. It offers regular, cash-out, and VA refinancing options. The company also helps first-time home buyers get approved for different loans, including FHA, VA, and fixed-rate mortgages. Jody Westfall, its senior mortgage broker, has over three decades of banking experience.

License Verified:

License: 2538897

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
Zillow
5.0 / 5 (142)
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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Renton, WA

Why choose this provider?

Need help contacting a Mortgage Refinance Company in Renton? Call our Concierge team at 848-Book-Pro (848-266-5776 from 6 am - 4 pm PT | Mon - Fri). They are standing by to help you get the service you need.

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

Price: Free booking service | Call 848.Book.Pro!

Website
707 S Grady Way, Suite 600, Office 6083, Renton, WA 98057
  • New Construction

Why choose this provider?

Supreme Lending is a Renton-based, full-service mortgage company that caters to new and experienced borrowers. It provides a variety of loan programs, such as conventional, FHA, rate term refinance, adjustable-rate, and down payment assistance. Borrowers follow a five- to six-step process that entails application, setup, submission, underwriting, closing, and post-closing. Calculators are available to determine potential monthly payment, down payment, affordability, and refinance. Luke Welling, Supreme Lending's producing branch manager, has over 15 years of experience writing mortgage loans and worked for a few lending establishments.

License Verified:

License: 261035

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 (62)
Facebook
5.0 / 5 (23)

Website
707 S. Grady Way, Suite 600 Office 6066, 6081 & 6084, Renton, WA 98057
  • Reverse Mortgages

Why choose this provider?

Matt Thomas offers an assortment of loan programs for individuals and families in Renton who are looking to purchase primary residences, second homes, and investment properties. He provides options such as rate-term refinancing to reduce the payment, interest rate, and overall terms of a client’s mortgage. In addition, he offers conventional, jumbo, FHA, and VA loans. Matt Thomas is the producing branch manager of Supreme Lending, a company with over 20 years of mortgage lending experience.

License Verified:

License: 96883

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 (43)

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
935 Powell Ave SW, Renton, WA 98057
  • New Construction

Why choose this provider?

Procura Mortgage Company delivers diverse products for the refinancing goals of homeowners in Renton. Its team strives to close loans on time by leveraging over 200 years of combined experience in underwriting, lending operations, and local processing. Using live pricing loan decision engines, the team assists mortgage borrowers in searching for refinancing programs with lower rates. One of the team members, Nikki Herrington, is a lifelong Washington resident who uses her local knowledge to serve clients' mortgage needs.

License Verified:

License: 1881481

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 (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.
3.8
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 additional factors should one consider when deciding on refinancing frequency in Renton?

    Beyond the numbers, timing and specific factors are crucial for the refinancing decisions of individuals in Renton. Lenders typically require a seasoning period of six months to a year to establish loan history, making it harder to refinance during this time. Prepayment penalties, while rare, are essential to check for in current mortgage terms, primarily if refinancing within initial homeownership years. Being mindful of these aspects aids informed refinancing choices.

  • Are no-cost mortgages genuine options for refinancing in Renton?

    No, the concept of a no-cost mortgage is a misconception in Renton. While offers may appear, refinancing involves inevitable fees. These expenses could be managed by paying upfront, adding to the loan, or being lender-covered. However, even if paid later, the costs are definite. Opting for lender-covered fees might result in a slightly higher interest rate. Covering closing costs via lender credit can be sensible if the intent is a short-term stay.

  • How do home equity loans and cash-out refinancing compare in terms of cost in Renton?

    Comparing home equity loans to cash-out refinancing in Renton hinges on potential cost savings. While refinancing has higher closing costs, it offers lower interest rates, resulting in long-term savings compared to home equity loans. Favorable interest rates for home equity loans with excellent credit offer benefits, but cash-out refinancing is a more cost-effective choice among options.

  • Can homeowners in Renton use refinancing to access cash for various expenses?

    Homeowners in Renton can leverage refinancing to tap into home equity and secure funds for needs like repairs, upgrades, or major purchases. This approach is tax-deductible and enticing for borrowing. However, borrowers are advised to avoid excessive investment in a volatile housing market. Maintaining a safety net in equity, typically around 20% of the home's equity, is prudent to mitigate risks and ensure financial security.

  • What constitutes a cash-out refinance in Renton?

    In Renton, a cash-out refinance involves borrowing more than the existing balance of the original loan. Additionally, consolidating debt not acquired during the original property purchase qualifies as a cash-out refinance. This encompasses second mortgages and home equity lines of credit opened after the initial purchase of the property.

  • 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.