Best Home Refinance Companies

Refinancing a mortgage offers homeowners the opportunity to lower their monthly payments by locking in a lower interest rate or reducing the length of their mortgage.

 This can help homeowners save money on their monthly mortgage payments and allow them to pay off their home faster. Additionally, refinancing can be a way for homeowners to access their home equity without having to sell their home. However, it is important to shop around for the best lenders who offer low rates and fees.

To make the process of comparison shopping easier for homeowners, Forbes Advisor has compiled a comprehensive list of the best mortgage refinance companies of 2022. The list is based on four main categories, which are the borrower's ability to get a loan, affordability, loan options, and funding speed. By selecting lenders that stand out in these areas, homeowners can easily find the best lenders to refinance with.

The top-ranked company on the list is Quicken Loans (Rocket Mortgage), which is considered the best overall mortgage refinance company. Nationwide Home Loans is another great option for those looking for an all-in-one service, while AmeriSave Mortgage is the best choice for customer service. For those who prefer an online lender, LenderFi is the best option, while Bank of America is the best bank for mortgage refinancing. Alliant Credit Union is the best credit union, while Better.com is the best option for those looking for low fees.

It is worth noting that homeowners should always check with their current mortgage lender to see if they can offer a better deal than the other lenders they have looked at. It is important to compare rates from at least a couple of mortgage brokers or companies to ensure that the best deal is found.

Determining the "best" home refinance company can depend on various factors such as your specific financial situation, loan needs, preferences, and priorities. However, several reputable companies consistently receive high ratings and positive reviews from customers and industry experts alike. Here are some of the top home refinance companies to consider:

1. Better.com: Better.com is a digital mortgage lender known for its streamlined online application process, competitive rates, and transparent fees. They offer a wide range of loan options, including conventional, FHA, VA, and jumbo loans, and provide personalized rates based on your credit profile.

2. Rocket Mortgage by Quicken Loans: Rocket Mortgage is one of the largest mortgage lenders in the United States, offering a convenient online platform and mobile app for applying and managing your refinance. They provide a variety of loan options, fast approvals, and excellent customer service.

3. LoanDepot: LoanDepot is a direct mortgage lender that offers a straightforward refinance process, competitive rates, and a wide range of loan programs, including conventional, FHA, VA, and jumbo loans. They provide personalized support from loan officers throughout the refinance process.

4. LendingTree: LendingTree is an online marketplace that allows you to compare multiple refinance offers from different lenders with just one application. They offer a simple, hassle-free way to shop for the best refinance rates and terms tailored to your needs.

5. AmeriSave Mortgage Corporation: AmeriSave is a direct mortgage lender known for its low rates, fast approvals, and customer-friendly service. They offer a variety of refinance options, including conventional, FHA, VA, and USDA loans, and provide a seamless online application process.

6. SoFi: SoFi is a digital personal finance company that offers mortgage refinancing along with other financial products and services. They provide competitive rates, flexible loan terms, and benefits such as no application fees, no origination fees, and discounts for SoFi members.

7. Chase Bank: Chase Bank is one of the largest banks in the United States, offering a range of mortgage refinance options to eligible customers. They provide personalized support from mortgage specialists and may offer discounts for existing Chase customers.

8. Wells Fargo: Wells Fargo is another major bank that offers mortgage refinancing to qualified borrowers. They provide a variety of loan options, competitive rates, and personalized guidance from mortgage consultants.

Before choosing a home refinance company, it's essential to compare rates, fees, loan terms, and customer reviews to find the best fit for your needs. Additionally, consider factors such as customer service, reputation, and any special offers or incentives that may be available. It's also a good idea to consult with multiple lenders to ensure you're getting the most competitive refinance offer possible.