In this article we will discuss what to look for in a mortgage refinance company, as well as how to find one that fits your financial situation. You can choose from Quicken loans, Alliant, LenderFi, and Fairway Independent Mortgage. Each company has a different service model, so you should read the customer reviews to decide which one best fits your needs.
LenderFi
LenderFi is a mortgage lender that offers a simple, online application process. You can apply for a refinance mortgage anytime of the day or night. Its website offers fee estimates and instant approval. LenderFi claims no credit check, instant approval, and a 30-day rate lock.
LenderFi is an excellent choice for borrowers who want a low-cost home loan, and peace of mind. The company also offers a rate insurance option, which can be a long-term financial advantage. Although the company does not offer every type of mortgage, it is perfect for those who are familiar with the digital mortgage process.
LenderFi offers conventional and government-backed loans. However, it does not offer HELOCs or bank statement loans. You need to have a positive credit score and a low debt-to-income ratio (DTI) of 43 percent or lower to be approved for a refinance mortgage with LenderFi. LenderFi is a reputable company, with an A+ rating from the Better Business Bureau. Its loan approval rates are competitive and their customer service is excellent.
LenderFi’s website is accessible around the clock. You can apply for a rate lock and upload documents through the online account portal. Another popular type of refinance mortgage is the rate and term refinance, where you can choose a new interest rate and a shorter loan term. This allows you to pay off your home quicker and at a lower interest rate.
LenderFi is an online mortgage lender that was founded in 2006. They are licensed to lend in 45 states and Washington, D.C. Their website is user-friendly and allows you to apply online with no credit check. The application process is fast, and the loan can close in as little as eight days. They offer several refinancing options, including fixed and adjustable-rate mortgages and FHA loans.
Quicken loans
Quicken loans is one of the largest mortgage lenders in the US. The company has a strong track record for customer satisfaction. According to the Better Business Bureau, the company has an A+ rating. This rating is based on customer satisfaction, honesty in advertising, and transparency in business practices. Customers may also be happy to know that Quicken does not use face-to-face meetings to determine their eligibility.
The company’s mortgage refinancing department offers many types of loans. Among them are adjustable-rate loans, which have lower rates than other types of loans. These loans won’t rise more than 5% above the original rate. In addition, the company’s YOURgage product allows customers to calculate their monthly payments and choose their loan term.
In addition to fixed-rate mortgages, Quicken also offers jumbo loans. These loans are backed by the Department of Veterans Affairs and are available to active-duty, retired, and former members of the U.S. armed forces. Typically, these loans require a 20% down payment and can be as large as $3 million. Quicken Loans has dedicated VA mortgage bankers who can help people with low credit scores get a mortgage.
Refinancing your mortgage is a good way to lower your monthly payments and pay off your mortgage faster. In addition, a refinance can help you tap into your home’s equity. With Quicken Loans, you can apply for a home loan in all 50 states.
You can also apply online for a mortgage through the company. The online application will check your credit score and help you qualify for a mortgage. Quicken Loans also provides a pre-qualification letter and credit report to help you understand the mortgage process. In addition, you can ask for live assistance with the application process online from a mortgage expert.
With the help of Quicken Loans’ YOURgage product, you can customize your mortgage terms. With your YOURgage mortgage, you can choose the term of your loan, ranging from eight to 30 years. With your YOURgage, you can also refinance up to 97% of the value of your home. This makes it possible to buy a home with as little as three percent down.
Fairway Independent Mortgage
Fairway Independent Mortgage offers a variety of refinancing options. Their rates vary depending on your specific needs. You can save thousands of dollars by refinancing at a low interest rate. They also offer mortgage counseling at no cost to you. Whether your credit is good or bad, Fairway will help you understand your options and get the best possible mortgage rates.
Applicants can apply online or by phone. They can also apply via the FairwayNow mobile app. Before applying, gather all the relevant financial documentation. Once complete, your application will be sent to the underwriter for approval. Afterward, you’ll receive information about the closing process.
Fairway Independent Mortgage Corporation has a great reputation and consistently receives high customer reviews. They have an A+ rating with the Better Business Bureau, which means they respond to complaints in a timely manner and are completely honest about their practices. Unlike other mortgage companies, they also don’t specialize in one type of borrower. This means that they offer home loans for people of all income levels and needs.
Fairway’s home mortgage options include cash-out and streamlined refinancing. While Fairway does not offer home equity loans and lines of credit, it is a solid choice for borrowers looking to refinance their mortgage. In addition, Fairway offers a Creditool program, which helps applicants improve their credit score for free.
Fairway Independent Mortgage is one of the top mortgage companies in the United States. They have locations in 48 states, including Washington, D.C. However, customers in West Virginia and Alaska can’t find a Fairway branch. However, they can use the internet and telephone to contact them.
The Fairway Independent Mortgage Corporation has been in business for nearly 20 years. The company is headquartered in Madison, Wisconsin, with branches in 48 states and the District of Columbia. In 2017, the company had over 6,000 employees and more than 10,000 team members in the United States. Their annual revenues are expected to reach $72.5 billion by 2021. As a USDA-approved lender, Fairway is one of the best.
Alliant
Alliant Mortgage refinance companies offer a variety of mortgage refinancing options. With the company’s online tools, applicants can get a free mortgage quote and estimate their monthly payments. After that, they can fill out an online application in as little as 10 minutes. Once approved, a loan officer will contact them to discuss the specific requirements and fees for the loan. Applicants are required to provide government-issued identification, their social security number, credit score, and recent pay stubs and W-2 forms. They also must sign electronically and pay no escrow waiver fees.
Alliant’s qualification requirements vary depending on the loan product you’re interested in. For standard conventional mortgages, applicants must have a credit score of at least 620 and a low debt-to-income ratio. For their specialized loan products, however, the qualifications are much higher. For example, if you’re seeking a 0% down loan with no PMI, you’ll need a much higher credit score.
Alliant offers a number of mortgage refinance options for first-time homebuyers. They have a low-down payment requirement, which makes them an ideal choice for first-time home buyers. The company’s website is user-friendly and displays sample rates for all of their mortgage products. The website also explains the assumptions that go into each rate. The Alliant website also has an easy-to-use form for generating customized rate quotes. The website will also match you with highly rated lenders in minutes.
Another great option from Alliant is their HELOC, which works like a credit card and allows borrowers to access 90% of the equity in their home. The HELOC can range from $250,000 to $2 million. The company does not charge application fees, appraisal fees, or closing costs.
Alliant also has an app that helps members make their payments and deposits. They can also manage their accounts and set financial goals online. The company also offers the Alliant Cashback Visa(r) Signature Credit Card. This card offers up to 2.5% cash back on purchases and allows members to earn up to $250 in cash back per billing cycle. Its customer service is excellent. With an award-winning customer service and a wide range of financial services, the Alliant mortgage refinance company is a great option for homebuyers.
Another benefit of using Alliant is that the company waives mortgage insurance when you refinance your loan. Additionally, the company also offers customized quotes for its loan options. In addition, Alliant offers nationwide mortgage financing.
