Our reviewers evaluate products and services based on unbiased research. Top Consumer Reviews may earn money when you click on a link. Learn more about our process.

The Best Mortgage Refinance Companies

Where Is the Best Place to Refinance Your Mortgage?

While it might be tempting to go with a local mortgage broker or even your community bank, you're not likely to get the lowest rates or ideal terms that way. Why? They usually work with their preferred partners instead of negotiating or "comparison shopping" to get you the best deal. You're paying for convenience and familiarity, but that's it. Fortunately, there are many reputable online lenders that make it quick and easy to get low rates and great terms, all from your laptop or even your mobile phone!

With interest rates at historic lows, it's worth your while to consider mortgage refinancing. Whether you want to shave years off your current mortgage and lower your interest rate or get cash out from your established equity, there's no better time than now. Using an online lender lets you compare rates, complete the application, and finish the entire process without ever leaving home: some services send a mobile notary to you for the final steps of signing the paperwork! Otherwise, you can often choose a local title company if you prefer to go the more traditional route.

Monday, January 18th

2021 Mortgage Refinance Company Reviews

Better Review TopConsumerReviews.com Best-In-Class Blue Ribbon Award 5 Star Rating

Better

5 Star Rating TopConsumerReviews.com Best-In-Class Blue Ribbon Award

Better gives you everything you could want when choosing a lender for mortgage refinancing: total transparency, multiple options for rates and terms, a streamlined online process, and phenomenal customer service. Even though they're newer than some lenders, they've already established themselves as a top-rated company with the BBB, business experts like Inc. and Forbes, and with thousands of very happy clients. Better earns our highest ranking among services that offer mortgage refinancing.

Quicken Loans Review 4.5 Star Rating

Quicken Loans

4.5 Star Rating

Whether you want to do your mortgage refinancing 100% online, strictly with a loan officer, or a mixture of both, Quicken Loans has you covered. In business for over 35 years, this company makes it almost a pleasure to apply for your refi and get it closed in record time - and they also offer award-winning servicing after your mortgage is funded. Quicken Loans is one of our preferred lenders for mortgage refinancing.

loanDepot Review 4 Star Rating

loanDepot

4 Star Rating

loanDepot has only been on the market for 10 years, but they're already one of the biggest providers of mortgage refinancing available today. Their services include some unique perks, like waived fees on any future refis once you've completed your first with them, and they get extremely high marks from thousands of happy clients. This is a solid company to consider for a no-hassle, great-rate refinanced mortgage.

AmeriSave Review 3.5 Star Rating

AmeriSave

3.5 Star Rating

AmeriSave is a middle-of-the-pack option for mortgage refinancing. On the plus side, they've been around for almost 20 years and have a good reputation at the BBB. But, with downsides like a non-refundable application fee of $500 and some less helpful aspects of their online portal, they don't quite compete with our higher-rated refi providers.

LendingTree Review 3 Star Rating

LendingTree

3 Star Rating

LendingTree helps you start your mortgage refinancing process by matching you with up to five vetted partner lenders in their network. In order to get your rate quotes, you'll have to provide your personal information - and that will likely result in plenty of semi-solicited emails, texts and phone calls. And, because LendingTree doesn't actually fund your mortgage, you'll still have to go through the application process with any of the lending partners you ultimately choose.

Freedom Mortgage Review 2 Star Rating

Freedom Mortgage

2 Star Rating

Freedom Mortgage is no newbie when it comes to mortgage refinancing, with over three decades in business and more than one million customers throughout the US and many of its territories. Their site has some tools you might find helpful, like calculators and checklists to guide you through the refi process. However, Freedom Mortgage won't give you any rate quotes or even rough estimates of their fees on their website: you'll have to speak with a representative first.

SoFi Review 2 Star Rating

SoFi

2 Star Rating

SoFi starts out looking like a great choice for online mortgage refinancing, with a clean website and lots of helpful info. But, you'll get no information about rates unless you create an account and verify your identity, and you may have to complete an official application just to see what closing fees to expect. With more than 100 complaints registered with the BBB, SoFi has some room to grow to earn a higher ranking among lenders offering mortgage refinancing.

Figure Review 1.5 Star Rating

Figure

1.5 Star Rating

Figure is one of the newest ways to get a mortgage refinanced, but are they the best? Not yet. Mixed customer reviews and an "F" from the Better Business Bureau, plus more than a dozen states whose residents are ineligible for their loans are just a few of the reasons why Figure lands near the bottom of our list.

Refi Rate Guide Review 1 Star Rating

Refi Rate Guide

1 Star Rating

Refi Rate Guide is confusing, jumping right into asking for your information without telling you anything about their service. Even after you've answered all of the questions, you may never actually get to a page with rate quotes. Although the parent company of this site has an "A+" from the Better Business Bureau, that doesn't make up for the fact that you won't be able to refinance your mortgage when using their service. Any other mortgage refinancing service would be a better choice.

Compare the Best Reviews

Continued from above...

Not all online mortgage refinancing providers work the same. While some operate more like a regular bank, funding your loan themselves, others act as a referral service so that you can compare rates and offers from multiple lenders at once. Whichever site you choose, don't be afraid to take the quote you receive and ask other lenders to compete for your business! Some of the fees charged in the refi process are negotiable, so why not see who can give you the absolute best loan terms?

As you start the process of refinancing your mortgage, keep in mind the following criteria for each lender or service you're considering:

  • Reputation. What do other homeowners say about the company and the process of refinancing a mortgage? Is the service rated and accredited by the Better Business Bureau?
  • Ease of Use. Does the site make it easy to apply, to get information about refinancing in general, and ultimately to close on your refi? Will you get multiple quotes from different lenders that you'll have to vet on your own? Is it difficult to get help if you have a question?
  • Transparency. How much can you find out without having to give your personal information? Does the service give you ample details upfront about their rates, terms and fees?

TopConsumerReviews.com has reviewed and ranked the best services for mortgage refinancing available today. We hope this information saves you money by helping you find the best rates and terms when you refinance your mortgage!

See the Best Mortgage Refinance Company
The Best Reviews of Mortgage Refinance Companies