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Best Mortgage Refinance Companies in Queens

2023

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Last updated: August 23, 2023

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License Verified:

License: 148800

Nationwide Multistate Licensing System and Registry

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62-79 Woodhaven Blvd, Rego Park, NY 11374
  • New Construction

Business Description

Professional Mortgage Solutions, Inc., has been rendering financial services for individuals and families in Queens since 1997. It helps home owners who are looking to purchase properties or refinance an existing first mortgage to cash out, lower their monthly payment, or change their loan terms. It also aids seniors who are seeking lines of credit utilizing the Federal HUD Home Equity Conversions Mortgages (H.E.C.M.) programs. In addition, PMSI is well-versed at mixed-use property financing. Additionally, Professional Mortgage Solutions offers loan programs and provides its clients with purchase and refinance tools which may be accessed through its website.

License Verified:

License: 148800

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.3
Google
4.0 / 5 (8)
Facebook
5.0 / 5 (7)
Yelp
4.0 / 5 (5)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
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License Verified:

License: 52081

Nationwide Multistate Licensing System and Registry

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7030 137 Street, Kew Gardens Hills, NY 11367
  • New Construction

Business Description

Summit Funding is a mortgage broker helping the residents of Queens achieve their homeownership goals. It assists the buyers of primary residences, second homes, or investment properties in lowering their mortgage rates, reducing the terms of their loans, and cashing out their home equity through refinancing. The brokerage provides a mortgage calculator to help clients project their potential expenses. It strives to help them make informed decisions by considering their financial needs and concerns. Summit Funding has been in business since 1987.

License Verified:

License: 52081

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (39)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
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License Verified:

License: 1862796

Nationwide Multistate Licensing System and Registry

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3 Dakota Drive Suite 100, Lake Success, NY 11042
  • Multi-Family Loans

Business Description

Madison Mortgage helps homeowners in Queens to lower their monthly payments and interest rates through its home refinancing loans. Its process begins with clients completing a home refinance analysis request, after which the team will send them options for their specific situation. The team will then assist clients in comparing mortgage interest rates and selecting the best one for their needs. Madison Mortgage, currently led by CEO Shah Tehrany, has been in the industry for over 20 years.

License Verified:

License: 1862796

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Google
4.9 / 5 (321)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
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License Verified:

License: 4138

Nationwide Multistate Licensing System and Registry

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55-25 69th Street 1st Floor, Maspeth, NY 11378
  • New Construction
  • Reverse Mortgages

Business Description

Channel Mortgage is a brokerage firm that has been serving individuals and families in Queens and the surrounding areas since 2004. It helps clients consolidate their debt, build up equity more quickly, or cash out through mortgage refinancing programs. It also helps customers convert adjustable-rate or fixed-rate mortgages to low fixed-rate loans. In addition, it offers a wide assortment of home purchase loans. The Channel Mortgage leadership team has more than five decades of combined industry experience.

License Verified:

License: 4138

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.3
Google
4.8 / 5 (32)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
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License Verified:

License: 3528

Nationwide Multistate Licensing System and Registry

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11 Grace Avenue suite 307, Great Neck, NY 11021
  • Reverse Mortgages

Business Description

Powerhouse Solutions, Inc., is a mortgage firm that has been serving clients in and around Queens since 2006. It works with individuals and families seeking to lower their monthly payments or modify their loan terms by applying for a refinancing program. It also helps borrowers who wish to convert their home equity into cash, which they cmay use to pay off high-interest debts like credit cards. Employing a personalized and consultative approach, the agency's team walks clients through the entire home buying and refinancing procedure.

License Verified:

License: 3528

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (29)
Yelp
5.0 / 5 (17)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
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License Verified:

License: 58702

Nationwide Multistate Licensing System and Registry

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4802 25th Avenue, Suite 303, Astoria, NY 11103
  • Reverse Mortgages

Business Description

Lyons Mortgage Services, Inc., is a lending company financing new homes, commercial property investments, and delinquent borrowings in Queens. Since 1996, it has provided refinancing solutions to lower interest rates, build or cash out equities, and convert adjustable-rate mortgages to fixed-rate loans. The mortgage banker assists clients in the loan process, from filing an application to underwriting and closing. Its website processes payments and keeps records of loan-related details, including mortgage and escrow balances, insurance premiums, and tax duties.

License Verified:

License: 58702

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.5
Facebook
5.0 / 5 (19)
Yelp
3.5 / 5 (15)
Google
5.0 / 5 (12)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
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License Verified:

License: 1174255

Nationwide Multistate Licensing System and Registry

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61-43 186th St Suite 100, Queens, NY 11365
  • Multi-Family Loans
  • Commercial Loans
  • New Construction

Business Description

Prime Pioneer Capital Corp caters to clients looking to purchase or refinance a property in Queens and the surrounding areas. Its residential mortgage options have no stated income requirement and are also available to foreign nationals. Its loan officers deal with various property types, including condos, residential family homes, mixed-use, dormitories, churches, and office buildings. The company has more than a decade of experience guiding clients from mortgage applications to closing to help them make informed decisions.

License Verified:

License: 1174255

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (147)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Visit WebsiteWebsite

License Verified:

License: 885573

Nationwide Multistate Licensing System and Registry

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110 Jericho Turnpike, Suite 214 Room 2, Floral Park, NY 11001

Business Description

Home Funding LLC delivers comprehensive solutions to mortgage borrowers in the Queens metro. The company assists homeowners in refinancing existing mortgages to programs such as HARP 2.0, ARMs, FRMs, and jumbo and FHA loans. Its loan officers guide clients in searching for suitable rates, preparing the necessary paperwork, and navigating through the appraisal process. One of these officers, Sanjeev Ahuja has been in the financial services industry for over 25 years. He holds an MBA.

License Verified:

License: 885573

Nationwide Multistate Licensing System and Registry

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Visit WebsiteWebsite

License Verified:

License: 1279925

Nationwide Multistate Licensing System and Registry

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211-35 Jamaica Ave, 1st Floor, Queens Village, NY 11428
  • New Construction
  • Reverse Mortgages

Business Description

Vivid Mortgages Inc. is a team of financial consultants serving the greater Queens area. The company provides refinancing options for people who want to pay off a high-interest credit card, make a significant purchase, remodel their home, or just need financial assistance for some other reason. Its services include debt consolidation, cash-out refinancing, and HELOC solutions. The company's other services involve government loan programs, such as FHA, VA, and rural housing loans. Vivid Mortgages Inc. is associated with NMLS.

License Verified:

License: 1279925

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Visit WebsiteWebsite

License Verified:

License: 2025201

Nationwide Multistate Licensing System and Registry

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1 World Trade Center, 57th Floor, New York, NY 10007
  • New Construction

Business Description

Network Capital is a direct lending company that caters to clients in Queens and nearby communities. It offers refinancing services that help eliminate mortgage insurance, reduce payments and interest rates, convert ARMs to fixed rates, and lock in lower rates. It transforms clients' equity into cash surplus for investment properties, debt consolidation, home improvement, and life events. The company has various loan types available, including conventional, FHA, and VA. Network Capital has been in the industry for over two decades.

License Verified:

License: 2025201

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.4
Google
4.7 / 5 (408)
Yelp
4.0 / 5 (245)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Frequently Asked Questions

  • Are there ways homeowners in Queens experience the benefits of a refinance without the process itself?

    Homeowners in Queens can attain refinance-like advantages without undergoing the process. They can accelerate homeownership by directing additional funds towards loan principal, effectively shortening the mortgage term. For saving toward a new home, increasing contributions to a savings account while reducing other expenses is beneficial. Clearing other debts individually, beginning with the smallest, offers a similar advantage without the need for refinancing and its associated costs.

  • What's the timeline for fund release after refinancing a Queens property?

    Generally, funds become available to borrowers four business days after signing loan agreements for mortgage refinancing in Queens. Following federal regulations, borrowers have a three-day window to retract their loans, allowing for a refund if canceled within that period. The fund distribution adheres to this guideline, ensuring compliance and borrower protection.

  • What refinancing options are available for equity buyout after divorce in Queens?

    Homeowners often pursue refinancing to achieve an equity buyout after divorce in Queens. The goal is to refinance and pay out the ex-spouse's share of jointly owned property. This can be achieved through a rate and term or a cash-out refinance. The former is advantageous for favorable rates and higher loan-to-value ratios (LTV), while the latter allows accessing home equity to compensate the ex-spouse for their share. Each option suits different circumstances.

  • What are the options for refinancing with minimal home equity in Queens?

    Queens residents with limited equity can explore refinancing choices through Fannie Mae, Freddie Mac (potentially with as little as 3% equity), or VA loans for veterans requiring no equity. Loan type, lender, credit score, and debt-to-income ratio influence eligibility. Considering rising property values, cash-out refinance can fund an ex-spouse's equity buyout. Opting between rate-and-term or cash-out refinancing hinges on individual circumstances.

  • What does PMI stand for, and when is it required for mortgage refinancing in Queens?

    PMI stands for Private Mortgage Insurance and safeguards lenders in Queens against losses due to borrower mortgage defaults. PMI is mandatory for first mortgage refinance transactions when the borrower holds less than 20% equity in the property. The cost of PMI is usually added to monthly mortgage payments. To avoid PMI, putting over 20% down on a property offers potential savings in monthly mortgage payments.

  • Introduction

    Refinancing a mortgage can be a complicated process, and hiring a mortgage refinancing broker can make it simpler and faster. There are several things you can do to protect your interests and help your broker complete the process for you.

    Check a potential broker’s online reviews to find one with a good reputation. In addition to the opinions of past clients, check to see if a broker has an online portfolio, which can support the reviews you find from past clients to show a broker’s trustworthiness. This can also help you establish if a broker has handled financing for properties similar to yours.

    Get a written summary of a broker’s rates before committing so you know exactly what hiring your chosen mortgage refinance broker will cost. Find out which lenders work with your broker and what information they need to successfully refinance your mortgage.
  • How do you refinance a mortgage?

    Decide why you’re refinancing, such as to get a lower interest rate, pay off your loan faster, or to get a lower monthly payment. Share your credit information with your broker along with information about the equity you have in your home. Review your mortgage refinance broker’s quotes and choose the best loan terms.