Refinance mortgages companies are companies that help first time home owners as well as regular buyers in acquiring the home of their choice. An average house in the United States costs more than $200,000. These homes have various interest rates depending on your credit or the down payment. There are a lot of mortgage companies that offer lending services to potential home owners. They usually offer an average mortgage rate of 3.76%. Companies though have different rates. It is best to be able to compare them to be able to select the best for you. Below are some of the best refinance and mortgage companies in the United States.
First on the list is the LendingTree. One of its advantages is that the company allows you to be connected to other lenders as well as loan offers. This allows you to compare different rates and choose what would suit you best. The company has a Fixed-rate Mortgage, offers Hybrid Mortgage, FHA Loans, Cash-out Refinance and Traditional Home Equity Loan just to name a few. The only downside is that the company cannot explain the process of underwriting since this process varies from one lender to another.
The next in line is CitiMortgage. One of its advantages is their offer for interest-only as well as construction loans in several branches. They generally offer low interest rates. However, the company requires an application fee to be paid. Like LendingTree, CitiMortgage has a lot of features such as the Fixed-rate Mortgage, Hybrid Mortgage, Cash-out Refinance and many more.
Another company that offers good mortgage lending company is the Wells Fargo. One of their pros include construction loans with a rate-lock program. Their interest rates, however, are relatively higher than other mortgage lenders. Upon review, Wells Fargo seem to have higher interest rates compares to others but you get the best customer service from them. The company offers the same features as that of LendingTree without the Traditional Home Equity Loan. Quicken Loans is a company that offers a special program. They pay private mortgage insurance for those whose down payment is less than 20%. This special program gives them an edge over others. The downside however, is that they do not offer constructions loans and home equity financing.
One of the things that U.S. Bank some edge is the construction loans that they offer. But sadly, they do not offer service loans for Washington, DC despite their availability in other 28 states. U.S. Bank is also known for offering interest rates lower than average rates and they have good customer service. What is good about Network Capital is that they do not charge any fee. Plus, they have quick approval times. They also usually have lower interest rates than others. However, they do not offer construction, loans as well as home equity loans and interest-only loans.
Bank of America offers loans that are quickly approved. They, however, have higher fees than other lenders. Bank of America also offers other loan options and have responsible loan officers. They also have resources available online. Mr. Cooper is one of the lending companies that offer huge loans especially for properties with exceeding limits. Their loan agents however, seem to be difficult to contact. Many customers have difficulty reaching the company’s call center. But when you do get in touch with an agent, they seem to be knowledgeable about the company’s offers. The company also offers services to many states including Washington, DC but not Alaska.
One of the advantages of Ditech is that they waive off processing fees in some cases. The company is available online and offer mortgage processing in 49 states which includes Washington, DC. The company, though does not have local agents and they do not offer home equity loans and construction loans. Ditech offers help for people who are not in an ideal situation.
HomeBridge is a mortgage lending company that not only offers loans for new homes but also offers loans for refurbishing existing homes. However, one of the downside is that they have higher fees compares to other lending companies. HomeBridge though has well trained agents. They also offer other loans like the multiple conventional and government-program loans.
These are few of the top refinance and mortgages companies available in the United States. If you need any mortgage loans, find the one that suits you from the list moving forward. Which company do you think is the best? What company would you choose for a mortgage loan?