5 Best Mortgage Refinance Lenders in Maine 2019

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If you’re a Homeowner looking to refinance a mortgage in Maine, there are some amazing mortgage refinance solutions available to you. Maine is home to around 1.3 million people, and with today’s mortgage rates as low as they are, the housing market is prime for refinancing to home loan with a lower interest rate! Additionally, Home values have actually risen between December of 2017 through 2018 and are forecasted to rise another 9.2% through 2019.

The rising home values make it essential for home buyers on the market for a mortgage refinance to do everything they can to keep their housing costs as low as possible, or possibly tap into their home equity. And, whether you’re looking to refinance to a fixed rate or adjustable rate mortgage, or to FHA, VA, or USDA home loan options that offer amazing benefits like low interest rates or flexible down payment requirements, the first step is to find the right lender.

In this article, we’ll review the best mortgage refinance lenders in the state of Maine, and why you should consider working with them for your mortgage refinance


#1 Maine Mortgage Refinance Lender: Residential Mortgage Services

Residential Mortgage Services or “RMS” is a privately held mortgage provider that has been around since 1991. Needless to say, their efficiency and commitment to their customers has contributed greatly to their longevity and success for all of these years.

RMS offers a plethora of residential mortgage products for home buyers or homeowners looking to refinance. Even better, they are able to provide a customized lending experience to the borrowers who choose them, greatly reducing the stress typically associated with a refinance or home purchase.

The loan officers at Residential Mortgage Services aim to guide borrowers through every single step of the mortgage or refinance process. They provide 5 star customer service regardless of whether borrowers meet with them in person, or choose to utilize their cutting edge online mortgage and refinance platform.

#2 Maine Mortgage Refinance Lender: Mortgage Network, Inc.

Mortgage Network, Inc. claims to be one of the most trusted mortgage lenders on the East Coast, and it has the reviews to back it up. Though the company is based in Massachusetts and has more than 10 locations throughout the state, they also have branches in a variety of other states, including Maine, New Hampshire, Delaware, Florida, New Jersey, Maryland, South Carolina, and Rhode Island.

Mortgage Network, Inc. is not only approved to issue and refinance FHA loans, but also originates and refinances VA loans, USDA loans, and conventional loans, so even if you can’t decide which loan is the right choice for you, The experts at Mortgage Network can still help you achieve home financing through the variety of mortgage options that they offer..

#3 Maine Mortgage Refinance Lender: Caliber Home Loans

A relative newcomer to the home finance market, Caliber Home Loans truly hit the ground running -- at top speed. For a company that has only been around since 2013, Caliber has made quite a reputation for itself as one of the top mortgage lenders in the region approved to originate and refinance all types of mortgages, including FHA, and VA mortgages.

The Caliber team is often lauded for their knowledge and sincerity during the mortgage transactions that they conduct. Refinancing a home loan can be particularly stressful, but the loan officers at Caliber are well known for keeping their borrowers informed and making sure home buyers never miss a beat during the refinance process.

Homeowners can count on concise, and rapid responses to any questions that may come up during the mortgage refinance process. With their new app, the application process has been made even easier! A stunning dedication to providing homeowners with affordable refinance options that align with their goals is evident with the glowing pool of user reviews since Caliber’s birth only 6 years ago.

#4 Maine Mortgage Refinance Lender: Guaranteed Rate

A Kingpin of the online mortgage trend that plays a large role in mortgage refinancing is Guaranteed Rate. Their participation in the digital mortgage wave leaves many other platforms lacking by comparison.

Guaranteed Rate is also extremely experienced with the origination and refinancing of government-insured loan products such as FHA and VA loans. The ability to offer mortgage refinancing through one of the best digital mortgage platforms available makes them serious competition to other mortgage lenders, and highly favored among repeat and first time home buyers.

The online platform makes securely uploading the important financial documentation requested for a loan approval fast and easy. Borrowers can even check their credit scores through the service, rather than go elsewhere. Guaranteed Rate is one of the rare few digital mortgage platforms where a mortgage loan can be refinanced without ever needing to speak with someone unless requested by the homeowner.

#5 Maine Mortgage Refinance Lender: Fairway Independent Mortgage Corporation

A rapidly growing name in the national home finance industry, Fairway Independent Mortgage Corporation is one of the best options for refinancing conventional, FHA, and VA loans across the country. Homeowners will agree that it’s actually pretty easy to find a Fairway location when it's time to refinance a home loan. Beyond that, their customer service is well known to be top notch.

Fairway Independent Mortgage Corporation has stunning reviews from its client base over the years. One thing they seem to excel in is cutting down the closing costs that borrowers are expected to pay at the end of a mortgage refinance transaction, as well as facilitating a faster closing.

Fairway may very well be the best option for homeowners who are refinancing for the first time. Their attention to detail and completely transparent methodology is perfect for obtaining a mortgage refinance at a great rate in a stress-free environment.


 

Shop Around Before You Get a Maine Home Loan Refinance

Our picks for the best mortgage refinance lenders in Maine may not necessarily represent the best lender for your financial situation, goals, and desires. Everyone’s story is unique, and sometimes the best mortgage terms can be found in the most obscure places. Regardless of experience or lack thereof, the best plan of action is to shop around with multiple lenders to find out which one can provide the ideal refinance solution that comes with the terms and affordability that best suits any particular financial situation.

While looking at reviews can be a huge help, getting a one on one consultation could mean saving thousands. If you’d like some help in locating the best mortgage lender in your area, don't hesitate to contact a home.loans mortgage expert!