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Best Mortgage Refinance Companies in Spokane

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Beeline Mortgage logo
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License Verified:

License: 1713379

Nationwide Multistate Licensing System and Registry

Beeline Mortgage

1421 North Meadowwood Lane, Liberty Lake, WA 99019
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  • Reverse Mortgages
  • New Construction

Business Description

For 20 years, Beeline Mortgage, LLC, has been serving property buyers and sellers in Spokane and surrounding areas with real estate and mortgage services. Among its services includes refinancing with options including conforming loans, fixed rate mortgage, and jumbo & super jumbo loans. The process involves refinancing analysis and guidance in choosing loan programs. Clients may pick the interest rates and terms that best fit their needs. A previous client has commended Beeline Mortgage professionals for their responsiveness and vast knowledge.

License Verified:

License: 1713379

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.
4.8
Facebook
5.0 / 5 (6)
Chimney Rock Mortgage logo
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License: 2550

Nationwide Multistate Licensing System and Registry

Chimney Rock Mortgage

1320 N Atlantic St B, Spokane, WA 99201
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  • New Construction
  • Reverse Mortgages

Business Description

Chimney Rock Mortgage is a family-owned company founded in 1989. Its Spokane branch began operations in 2006 and has been offering mortgage refinancing solutions to meet the varied needs of borrowers since then. Its loan officers help clients lower their monthly payments, shorten their terms, or get extra cash on hand to fund home improvement projects. Additionally, they assist first-time homebuyers in achieving homeownership goals. Branch manager Mike Hogan's professional experience includes working in the College Athletics at Santa Clara, Weber State, Idaho, and Gonzaga.

License Verified:

License: 2550

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
Google
4.7 / 5 (64)
Facebook
4.2 / 5 (5)
Yelp
1.0 / 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
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First Choice Loan Center logo
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License Verified:

License: 1148602

Nationwide Multistate Licensing System and Registry

First Choice Loan Center

4407 North Division Street, Spokane, WA 99207
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  • New Construction

Business Description

First Choice Loan Center specializes in purchase, refinance, loan comparisons, and mortgage pre-approval services in Spokane. It assists clients in finding better mortgage rates, purchasing a new home, or investing in real estate through a set of viable loan options. Its type of loans consists of an adjustable-rate mortgage, balloon mortgage, and fixed-rate mortgage. First Choice Loan Center has earned the UWM Top 1% Best of the Best Award for 2020 and has been affiliated with the Caliber Inaugural Caliber Club.

License Verified:

License: 1148602

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
Friendliness
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Inland Mortgage Inc. logo
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License Verified:

License: 4434

Nationwide Multistate Licensing System and Registry

Inland Mortgage Inc.

910 West Sprague, Spokane, WA 99201
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Business Description

Inland Mortgage Inc. is a Spokane-based company that offers a full range of refinancing solutions. Its team of loan officers helps clients obtain fixed mortgages to lower their interest rates and assists homeowners in switching to loans with shorter terms to settle their mortgages sooner. The mortgage professionals also help homebuyers with their financing needs, providing them with assistance throughout the qualification and approval process. The majority of Inland Mortgage's team are longtime Spokane residents.

License Verified:

License: 4434

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)
Yelp
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
Jason Paull logo
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License Verified:

License: 779159

Nationwide Multistate Licensing System and Registry

Jason Paull

421 W Riverside Ave Suite 319, Spokane, WA 99201
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  • New Construction

Business Description

Jason Paull and his team serve clients of the Fairway Independent Mortgage Corporation throughout the Spokane area. Paull utilizes at least seven years of industry experience in providing personalized assistance through informative consultations regarding refinancing options and loan applications. He works alongside his staff in assessing market rates for clients, establishing communication with real estate partners, and compiling necessary paperwork at specified schedules using various technology-based options. Paull previously worked under a different corporation prior to transitioning to Fairway Independent.

License Verified:

License: 779159

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 (130)
Facebook
5.0 / 5 (10)
Yelp
5.0 / 5 (3)

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
––
Modus Mortgage logo
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License Verified:

License: 1028232

Nationwide Multistate Licensing System and Registry

Modus Mortgage

140 S. Arthur St. #600, Spokane, WA 99202
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  • New Construction

Business Description

Modus Mortgage helps clients in and around Spokane achieve their home ownership goals. It assists people looking to refinance their current loans, whether for renovation or shortening their mortgage terms. The other mortgage programs offered are VA, FHA, USDA, jumbo, fixed, and construction loans. A Down Payment Assistance Program is also available to assist clients in entirely covering the down payment expense when purchasing a house. Modus Mortgage has been helping borrowers since its founding in 2013.

License Verified:

License: 1028232

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

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
––
Shout Mortgage logo
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License Verified:

License: 2084100

Nationwide Multistate Licensing System and Registry

Shout Mortgage

546 N Jefferson Ln, Suite 304, Spokane, WA 99201
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  • Reverse Mortgages

Business Description

Shout Mortgage caters to the needs of clients in Spokane and the surrounding communities. It offers mortgage refinancing solutions to help individuals achieve their short-term and long-term goals. The company assists customers in increasing savings or retirement plans and reducing mortgage payments through its services. It uses resources and tools, such as refinance and mortgage calculators, to provide realistic data and support people in making informed decisions. It utilizes an approach that puts customers first and educates them on various options.

License Verified:

License: 2084100

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.
4.8
Google
4.8 / 5 (6)
Summit Mortgage Corporation logo
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License Verified:

License: 3236

Nationwide Multistate Licensing System and Registry

Summit Mortgage Corporation

157 S. Howard Street, Suite 103, Spokane, WA 99201
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  • Reverse Mortgages

Business Description

Summit Mortgage Corporation serves clients from its offices in Spokane, Vancouver, and Portland. Its mortgage brokers provide refinancing assistance for clients looking to lower mortgage rates and shorten mortgage terms. Some of the company's home loan options are jumbo, construction, and FHA loans. Niche products that cater to environmentally conscious clients and individuals that need to finance manufactured homes are also provided. Ryan Stoker, the firm's Spokane office senior mortgage banker, has been working in the industry since 2004.

License Verified:

License: 3236

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.
4.8
Facebook
4.9 / 5 (40)
Yelp
4.5 / 5 (10)
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
Tom Kuhn logo
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License Verified:

License: 182315

Nationwide Multistate Licensing System and Registry

Tom Kuhn

111 E Lincoln Rd Ste 2, Spokane, WA 99208
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  • New Construction

Business Description

Tom Kuhn is a Cherry Creek Mortgage loan officer serving clients in Spokane and the surrounding areas. He offers mortgage refinancing options for homeowners to reduce their monthly payments, get new terms, and cash out some of their home equity for college tuition, home improvements, and debt consolidation. Tom also assists clients with the selection of various mortgage loan programs, such as conventional, jumbo, FHA, and VA. He is also licensed to originate mortgage loans in the state of Idaho.

License Verified:

License: 182315

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.
4.7
Google
5.0 / 5 (33)
Facebook
5.0 / 5 (8)
Yelp
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
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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.

What is the average closing cost to refinance a mortgage?

The average closing cost when refinancing a mortgage is $4,345. Closing costs may be much higher or lower depending on the amount of money borrowed. If you see an ad that says there are no closing costs, the costs are factored in elsewhere in the terms of the loan.

How often can you refinance a mortgage?

You can refinance a mortgage as often as you like, however, if you refinance frequently, it can cost more in fees than you save on interest. Some reasons for refinancing repeatedly include a sharp drop in interest rates or going through a life event, such as a divorce.

When is it worth it to refinance a mortgage?

It’s worth it to refinance when interest rates drop and refinancing will save you money. It also may be worth refinancing if you need to access some of your home’s equity to cover other expenses. Refinancing may be worthwhile if you're switching from a variable to a fixed rate mortgage.

Can you refinance a mortgage with no closing costs?

You can refinance a mortgage without paying closing costs at the time. However, those costs are still owed and are factored in elsewhere in the financing. Lenders either add the costs to the principal owed or increase the interest rate on your refinanced mortgage loan.

Can you refinance a home equity loan into a mortgage?

You can refinance a home equity loan into a mortgage in some situations. You have to have excellent credit to do this. Additionally, you must have enough equity in your home to qualify for a new mortgage that pays off the existing mortgage and your home equity loan.

Can you refinance a mortgage without a job?

In some situations, you can refinance your mortgage if you don't have a job. It depends on the lender, because some will allow it and others won’t. A qualified mortgage refinance broker can help connect you with lenders that consider your situation. You have to submit documentation about your unemployment and the income you have.

Can you refinance a mortgage with bad credit?

It’s possible to refinance a mortgage if you have bad credit. If your payment record with your current lender is good, you can discuss refinancing with that lender. You may also be able to refinance a mortgage by going through a government-backed lender, such as the USDA or FHA.

Can you refinance a second mortgage?

It’s possible to refinance a second mortgage. If your credit score improves or interest rates drop, refinancing a second mortgage may save you money. Either of these situations can provide a way for you to get a lower interest rate. Refinancing a second mortgage can also sometimes shorten your loan repayment period.

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.

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.

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.

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