5 Best Mortgage Refinance Lenders in New Jersey 2019
If you’re a Homeowner looking to refinance a mortgage in New Jersey, there are some amazing mortgage refinance solutions available to you. New Jersey is home to around 9 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 5.3% 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 New Jersey, and why you should consider working with them for your mortgage refinance
#1 New Jersey 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.
#2 New Jersey Mortgage Refinance Lender: AnnieMac Home Mortgage
While headquartered in Mount Laurel, N.J., AnnieMac Home Mortgage provides FHA, VA, Fannie Mae, and Freddie Mac loans throughout the nation. AnnieMac Home Mortgage is a mid-sized lender, with around 200 direct employees, but over 1,000 affiliate workers around the U.S. And, while AnnieMac Home Mortgage is relatively new, having been founded only in 2010, it has one of the highest ratings on Zillow, which could make it an attractive choice for homeowners looking for great refinancing opportunities.
The loan officers of AnnieMac are quite knowledgeable, and are incredibly committed to keeping an open line of communication throughout the refinance process. Previous customers nationwide tend to agree that their customer service was amazing, and that the mortgage process was seamless and easy.
#3 New Jersey 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 New Jersey 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 New Jersey Mortgage Refinance Lender: Loan Depot
As large as Loan Depot has become since its inception, there is no surprise that it would make a list such as this one. Truly a powerhouse when it comes to home finance, Loan Depot is no stranger to refinancing conventional and government-insured mortgages for the borrowers who need them.
The loan officers under the employ of Loan Depot are highly knowledgeable and well-trained individuals. Their expertise is shown clearly in the speed and ease of the mortgage transactions they take part in, And their uncompromised goal of providing down to the decimal quotes that hold true through closing, leaving the borrower with no surprises.
Customer service is a big deal for the Loan Depot team, and they typically do not disappoint. Past clients have been stunned by the lower than expected rates and fees, combined with speedy closings.
Shop Around Before You Get a New Jersey Home Loan Refinance
Our picks for the best mortgage refinance lenders in New Jersey 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!