Best Mortgage Refinance Companies in Yakima

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N.W. Mortgage, LLC logo
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License: 1819125

Nationwide Multistate Licensing System and Registry

N.W. Mortgage, LLC

115 S 2nd St, Selah, WA 98942
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  • New Construction

Business Description

N.W. Mortgage, LLC, serves residential property owners in Yakima. It offers mortgage refinancing options, including cash-out and VA streamline refinance. Instead of using a premade loan formula, its staff works with clients individually to understand their situation and track down beneficial loan options for their refinancing goals. N.W. Mortgage has access to over 100 investors for both A-rated and hardship lending, giving clients a wide array of rates to choose from. It also offers home purchase loans, such as conventional and VA.

License Verified:

License: 1819125

Nationwide Multistate Licensing System and Registry

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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.
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Frequently Asked Questions

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.

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.

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.

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