5 Best Mortgage Refinance Lenders in Rhode Island 2019

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If you’re a Homeowner looking to refinance a mortgage in Rhode Island, there are some amazing mortgage refinance solutions available to you. Rhode Island is home to around 1 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 6.2% 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 Rhode Island, and why you should consider working with them for your mortgage refinance


#1 Rhode Island 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 Rhode Island Mortgage Refinance Lender: Primary Residential Mortgage

Primary Residential Mortgage has been making waves in the mortgage industry since 1998. Growing from a small business to a company with 225 branch offices across the nation is no small feat, but the people running PRMI earned it through the admiration of their many clients.

PRMI takes a conscientious approach to mortgage loans and refinancing, always putting the needs of the customer and absolute transparency above all else. Despite their stunning growth since first opening their doors, they still seek to provide customized service that is sure to satisfy the needs of borrowers in even the toughest of financial situations.

Obtaining or refinancing a mortgage through PRMI is a nearly effortless task, and the loan officers make themselves readily available to their clients. Overall, they are a tough lender to beat when it comes to home finance.

#3 Rhode Island 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.

#4 Rhode Island Mortgage Refinance Lender: Embrace Home Loans, Inc

The team over at Embrace Home Loans really knows how to take the fear out of the mortgage process. They take great pride in their singular focus of providing high-quality and affordable home loan refinancing options to the home buyers that give them their trust.

Embrace Home Loans is home to loan officers who never withhold options from their clients. Every single step and every single action gets explained in full, and if there are any questions, you can bet they will be answered before anyone signs anything into action.

Dozens upon dozens of past clients have attested to the fact that the loan officers of Embrace home loans truly care about refinancing a home loan with terms and rates that are satisfactory to the borrower. And they manage to do this without incurring any stress or hold-ups during the mortgage transaction.

#5 Rhode Island Mortgage Refinance Lender: PrimeLending

When you combine speedy service, local expertise, and a personalized mortgage experience for every borrower, you get the exact formula that has helped to make PrimeLending into the company that it it recognized as today. A veritable powerhouse in the home finance industry, PrimeLending owes much of its success to its people-centric approach to mortgage origination and refinance.

The idea at PrimeLending is to be not only transparent, but to be more flexible to each borrower’s unique needs. This allows the loan officers of PrimeLending to realistically empower home buyers and homeowners alike to pursue the ideal loan options that they want, rather than just force them into any option that they happen to qualify for.

With over 30 years in the industry, their commitment to giving borrowers a rewarding mortgage experience definitely shows. PrimeLending has countless 5-star Zillow reviews, and a customer satisfaction rating of 96%.


 

Shop Around Before You Get a Rhode Island Home Loan Refinance

Our picks for the best mortgage refinance lenders in Rhode Island 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!