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Best Mortgage Refinance Companies in Tacoma

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LIVE Mortgage logo
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License Verified:

License: 185767

Nationwide Multistate Licensing System and Registry

LIVE Mortgage

1201 Pacific Avenue, Tacoma, WA 98402
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  • VA Home Loans
  • Alternative Income Documentation Loans
  • Investment Home Opportunities

Business Description

Julie Swenson of LIVE Mortgage assists Tacoma home buyers and homeowners in several areas, including refinancing which may involve taking out cash or lowering the interest rates of clients' current mortgage loans. Furthermore, she assists first-time and second-home buyers in obtaining mortgages, and she is also knowledgeable of how reverse mortgages work. Julie has an online mortgage checklist that clients can download, serving as a guideline for homebuyers who need assistance in the mortgage process.

License Verified:

License: 185767

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

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
Northwest Mortgage Services Inc. logo
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License Verified:

License: 42631

Nationwide Multistate Licensing System and Registry

Northwest Mortgage Services Inc.

7116 Stinson Avenue, Gig Harbor, WA 98335
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  • New Construction
  • Alternative Income Documentation Loans

Business Description

Nothwest Mortgage Services Inc. is a mortgage refinance company that has served Gig Harbor and surrounding communities such as Tacoma for over 32 years. The company offers a variety of loan programs which include conventional, FHA, VA, USDA, and jumbo loans. It also provides refinancing options designed for borrowers who want to pay debt, make home improvements, or get a better rate. These include conventional rate and term, FHA streamline, VA/FHA/Conventional cash-out, and VA IRRRL.

License Verified:

License: 42631

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
Yelp
4.0 / 5 (22)
Facebook
5.0 / 5 (2)

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
South Sound Home Loans, LLC logo
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License Verified:

License: 1468332

Nationwide Multistate Licensing System and Registry

South Sound Home Loans, LLC

4570 Avery Ln SE STE C 351, Lacey, WA 98503
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  • Reverse Mortgages

Business Description

South Sound Home Loans, LLC, is a veteran-owned business that gives mortgage loan guidance to home purchasers and residential refinancers in Tacoma. It offers VA loans, Home Affordable Refinance Programs, and reverse mortgages for seniors planning to settle their existing mortgages. The firm's mortgage professionals have over 60 years of combined local experience in the industry. One of its home loan originators, Randy Luke, is also the present chair of the Pacific Mountain Workforce Development Council.

License Verified:

License: 1468332

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.
4.5
Yelp
4.5 / 5 (22)

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
The Dorman Team logo
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License Verified:

License: 40445

Nationwide Multistate Licensing System and Registry

The Dorman Team

310 29th Street Northeast, Puyallup, WA 98372
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  • Reverse Mortgages
  • New Construction

Business Description

The Dorman Team is a mortgage refinance company helping clients in Tacoma. It specializes in FHA, USDA, and VA loan applications. It also commits to working closely with clients and keeping an open line of communication. Former clients commend The Dorman Team's responsiveness and attentiveness. According to them, the group also gave fitting financial advice and introduced them to financial advisors. The team is also licensed to practice in other states, such as Alaska, California, Arizona, and Idaho.

License Verified:

License: 40445

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
Yelp
5.0 / 5 (27)
Facebook
5.0 / 5 (21)

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
The Patterson Company Real Estate Lending logo
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License Verified:

License: 42661

Nationwide Multistate Licensing System and Registry

The Patterson Company Real Estate Lending

3324 North Visscher Street, Tacoma, WA 98407
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  • Commercial Loans
  • Multi-Family Loans

Business Description

Based in Tacoma, The Patterson Company Real Estate Lending is a mortgage refinancing company with over 30 years of experience. It offers homeowners and homebuyers multiple finance options such as conventional, FHA, VA, and USDA loans. Its mortgage refinance lenders advise clients on different loan program conditions and calculate monthly payments. The Patterson Company founder Mel Patterson has served as an educator for the Washington State Housing Commission. He is also a member of the Master Builders Association and the Washington Association of Mortgage Brokers

License Verified:

License: 42661

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
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
Wave Lending Group logo
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License Verified:

License: 21751

Nationwide Multistate Licensing System and Registry

Wave Lending Group

8602 Canyon Road East, Puyallup, WA 98371
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  • Reverse Mortgages

Business Description

Wave Lending Group provides mortgage lending options to individual homebuyers, real estate professionals, and builders in Tacoma. The company assists clients with implementing financial strategies, which can reduce debt, minimize monthly expenses, and increase net worth. Its team of lending specialists handles purchasing, refinancing, and credit check authorization. Wave Lending Group offers a number of mortgage refinancing programs, such as FHA loans, fixed-rate mortgages, adjustable-rate mortgages, and VA home loans. Conventional, jumbo, and USDA home loans are also available.

License Verified:

License: 21751

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 (15)
Yelp
5.0 / 5 (10)

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
Back to Providers

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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