The Top Mortgage Refinance Companies of 2021

Mortgage refinancing can be a smart financial move for homeowners looking to lower their interest rates, shorten their loan terms, or tap into their home equity. With interest rates at historic lows, many homeowners are taking advantage of the opportunity to refinance their mortgages. However, with so many mortgage refinance companies to choose from, it can be overwhelming to find the right lender for your needs.

To help you navigate the crowded landscape of mortgage refinance companies, we’ve compiled a list of the top mortgage refinance companies of 2021. These companies offer competitive rates, excellent customer service, and a variety of loan options to suit your unique financial situation. Whether you’re looking to lower your monthly payments, pay off your loan faster, or access cash from your home’s equity, these top mortgage refinance companies have got you covered.

1. Rocket Mortgage

Rocket Mortgage is known for its fast and easy online application process, making it a popular choice for homeowners looking to refinance. They offer a variety of loan options, including conventional, FHA, VA, and USDA loans, with competitive rates and flexible terms. Rocket Mortgage also offers a “RateShield” feature that allows you to lock in your rate for up to 90 days while you shop for a home.

2. LendingTree

LendingTree is a marketplace that connects borrowers with multiple lenders to compare rates and terms. With LendingTree, you can fill out one application and receive multiple offers from different lenders, allowing you to compare and choose the best option for your needs. LendingTree offers a wide range of loan options, including refinancing, home equity loans, and cash-out refinancing.

3. Quicken Loans

Quicken Loans, now known as Rocket Mortgage, is one of the largest mortgage lenders in the United States. They offer a quick and easy online application process, with competitive rates and a variety of loan options to choose from. Quicken Loans also offers a “RateShield” feature that allows you to lock in your rate for up to 90 days while you shop for a home.

4. Better.com

Better.com is an online mortgage lender that offers a streamlined application process and competitive rates. They offer a variety of loan options, including conventional, FHA, and VA loans, with low closing costs and no commissions. Better.com also offers a digital mortgage platform that allows you to upload documents, track your loan progress, and communicate with your loan officer online.

5. Credible

Credible is a marketplace that connects borrowers with multiple lenders to compare rates and terms. With Credible, you can fill out one application and receive multiple offers from different lenders, allowing you to compare and choose the best option for your needs. Credible offers a wide range of loan options, including refinancing, home equity loans, and cash-out refinancing.

6. SunTrust Mortgage

SunTrust Mortgage is a full-service mortgage lender that offers a wide range of loan options, including refinancing, home equity loans, and cash-out refinancing. They offer competitive rates and excellent customer service, with a variety of loan terms to choose from. SunTrust Mortgage also offers a digital mortgage platform that allows you to track your loan progress, upload documents, and communicate with your loan officer online.

7. Freedom Mortgage

Freedom Mortgage is a top-ranked mortgage lender that offers a variety of loan options, including refinancing, home equity loans, and cash-out refinancing. They offer competitive rates and excellent customer service, with a variety of loan terms to choose from. Freedom Mortgage also offers a digital mortgage platform that allows you to track your loan progress, upload documents, and communicate with your loan officer online.

8. LoanDepot

LoanDepot is a fast-growing mortgage lender that offers a variety of loan options, including refinancing, home equity loans, and cash-out refinancing. They offer competitive rates and excellent customer service, with a variety of loan terms to choose from. LoanDepot also offers a digital mortgage platform that allows you to track your loan progress, upload documents, and communicate with your loan officer online.

9. PennyMac

PennyMac is a direct lender that offers a variety of loan options, including refinancing, home equity loans, and cash-out refinancing. They offer competitive rates and excellent customer service, with a variety of loan terms to choose from. PennyMac also offers a digital mortgage platform that allows you to track your loan progress, upload documents, and communicate with your loan officer online.

10. Guaranteed Rate

Guaranteed Rate is a top-ranked mortgage lender that offers a variety of loan options, including refinancing, home equity loans, and cash-out refinancing. They offer competitive rates and excellent customer service, with a variety of loan terms to choose from. Guaranteed Rate also offers a digital mortgage platform that allows you to track your loan progress, upload documents, and communicate with your loan officer online.

These top mortgage refinance companies of 2021 have been selected based on their competitive rates, excellent customer service, and a wide range of loan options to suit your unique financial needs. Whether you’re looking to lower your monthly payments, pay off your loan faster, or access cash from your home’s equity, these top mortgage refinance companies have got you covered.

FAQs

1. What is mortgage refinancing?

   Mortgage refinancing is the process of replacing your existing mortgage with a new one, typically to take advantage of lower interest rates, shorten your loan term, or tap into your home equity.

2. How does mortgage refinancing work?

   When you refinance your mortgage, you take out a new loan to pay off your existing mortgage. This new loan typically has a lower interest rate or different terms than your existing loan, allowing you to save money or achieve other financial goals.

3. What are the benefits of mortgage refinancing?

   Mortgage refinancing can help you lower your interest rate, shorten your loan term, access cash from your home’s equity, or restructure your debt.

4. How do I choose the right mortgage refinance company?

   When choosing a mortgage refinance company, consider factors such as their interest rates, loan options, customer service, and reputation. It’s important to compare multiple lenders to find the best deal for your financial situation.

5. How long does the mortgage refinancing process take?

   The mortgage refinancing process typically takes 30-45 days, although it can vary depending on the lender and your specific financial situation.

6. Are there any fees associated with mortgage refinancing?

   Yes, there are typically closing costs associated with mortgage refinancing, such as appraisal fees, loan origination fees, and title insurance. It’s important to factor these costs into your decision to refinance.

In conclusion, mortgage refinancing can be a smart financial move for homeowners looking to lower their interest rates, shorten their loan terms, or tap into their home equity. With so many mortgage refinance companies to choose from, it’s important to do your research and compare multiple lenders to find the best deal for your needs. The top mortgage refinance companies of 2021 listed above offer competitive rates, excellent customer service, and a wide range of loan options to suit your unique financial situation.