Expert Picks: The Best Mortgage Refinance Companies to Consider
With interest rates at historic lows, now may be the perfect time to consider refinancing your mortgage. Refinancing can help you lower your monthly payments, save money in interest over the life of your loan, or even cash out some equity to use for other expenses. However, finding the right mortgage refinance company can be overwhelming, given the array of options available in the market. To help you make an informed decision, we have researched and compiled a list of the best mortgage refinance companies that you should consider.
Quicken Loans: Quicken Loans is the largest online mortgage lender in the United States. They offer a wide range of refinancing options and provide a simple and efficient online application process. With their Rocket Mortgage platform, you can get personalized loan options and track the status of your application in real-time. Quicken Loans is known for its excellent customer service and high customer satisfaction ratings.
Better.com: Better.com is a digital mortgage company that offers a streamlined refinance process with competitive rates. Their online platform allows you to easily submit documents and track the progress of your application. Better.com offers a no-commission model, which means you won’t pay any lender fees, resulting in potential savings. They also provide a range of tools and educational resources to help you make informed decisions.
SoFi: SoFi is a popular choice for refinancing due to its competitive rates and flexible options. They offer traditional mortgage refinancing as well as cash-out refinancing. SoFi also provides benefits like unemployment protection and career coaching for their borrowers. With their user-friendly online platform, you can apply for refinancing in just a few minutes, and their customer service is available to assist you throughout the entire process.
LoanDepot: LoanDepot is one of the largest non-bank mortgage lenders in the United States. They offer a variety of refinancing options, including conventional, FHA, and VA loans. LoanDepot has a reputation for quick and efficient processes, providing loan decisions and funding within a short time frame. Their knowledgeable loan officers can guide you through the different options and help you find the best refinancing solution for your needs.
Credible: Credible is an online mortgage marketplace that allows you to compare rates and offers from multiple lenders in one place. They partner with several well-known mortgage lenders, providing you with a range of options to choose from. Credible’s platform is easy to use, and their calculators can help you estimate your savings and compare different loan terms. You can also get personalized rate quotes without impacting your credit score.
Veterans United: If you are a military service member or a veteran, Veterans United is a top choice for mortgage refinancing. They specialize in VA loans and have extensive experience in helping veterans navigate the refinancing process. Veterans United offers competitive rates, simplified paperwork, and expert guidance specific to the unique needs of military borrowers. Their commitment to serving those who have served our country has earned them a stellar reputation and high customer satisfaction.
Chase: Chase is a well-known and established bank that offers a wide range of financial services, including mortgage refinancing. They provide competitive rates and flexible options like cash-out refinancing. Chase has an extensive network of branches and ATMs across the country, making it convenient for in-person meetings and discussions if desired. With their online application process, you can easily submit your documents and check the status of your application.
Wells Fargo: Wells Fargo is another major bank that offers mortgage refinancing with competitive rates and a variety of loan options. They have a large network of branches, allowing you to meet in person with loan officers if needed. Wells Fargo provides a simple online application process, and you can track the progress of your application through their website. They offer personalized support and educational resources to guide you through the refinancing journey.
In conclusion, when considering mortgage refinancing companies, it is crucial to evaluate their rates, fees, customer service, and online platforms. The companies mentioned above have a track record of providing competitive rates, excellent customer service, and user-friendly digital experiences. However, it is always recommended to compare multiple options and consult with a financial advisor to determine the best refinance solution for your unique circumstances. Refinancing your mortgage can potentially save you a significant amount of money, so taking the time to find the right company is well worth the effort.