The Top Mortgage Refinance Companies Of 2022

The best mortgage refinances companies can help you save time and money when you want to change your mortgage. They have a smart and streamlined procedure to make the whole process easy, but they also offer a wide range of loan options, competitive interest rates, and flexible closings.

If you want to refinance your mortgage, it helps to know which lenders offer the best shopping experience and the lowest mortgage rates. We looked at all the big mortgage refinance lenders on the market today and compared them to find choices with low rates and fair terms.

Best Competitive Rates: Better

Better promises to refinance mortgages without any lender fees or commissions have made the whole process easier by using modern technology. When better applicants answer just a few questions, they get instant mortgage rates, and the whole process is clear and easy to see.

Even though Better has only been in business since 2016, it has already backed loans worth more than $19 billion. You can apply for a mortgage refinance online and get an estimate right away without talking to a mortgage officer.

Best Customer Service: Quicken Loans

Quicken Loans, also known as Rocket Mortgage, is known for how easy it is to refinance a mortgage online and how smooth the process is. Through Quicken’s dynamic online platform, a debtor can download all the necessary paperwork, keep an eye on their process, and finish most of the refinancing process online.

The company also has great reviews from people who have used it before, and it came in second place in the 2021 U.S. Primary Mortgage Origination Satisfaction Study from J.D. Power. Quicken Loans offers loans to start a new loan through its online portal, traditional refinancing, cash-out refinancing, and more. This lender can also help customers with conventional home loans, VA home loans, FHA loans, USDA loans, and other loans.

Best Loan Comparisons: loanDepot

loanDepot is the place to go if you want to know how to get a mortgage and want to do most of the work from the comfort of your own home. This online lender promises to refinance your loan so that it has lower interest prices and reduces monthly payments than what you have now. The application process is simple, and you can do it all online. After you’ve used loanDepot to refinance a mortgage once, they’ll waive all the lender fees the next time you use them to do it.

Even though loanDepot is a newer company than others in the refinancing business, it has funded a further $100 billion in loans since 2010. In the 2021 U.S. Primary Mortgage Origination Satisfaction Study by J.D. Power, loanDepot scored higher than average.

LowerMyBills.com: Best Loan Comparisons

LowerMyBills.com is not a mortgage company, but it is a marketplace where you can compare several home loans at once. On this site, you can put in basic information regarding the current mortgage, your monthly payment, and your credit score range to take a thought of what kind of new loan term you could get.

If you want to proceed with the application process, you may submit your information once and get quotations from different lenders on the same day. LowerMyBills.com also provides a handy mortgage refinancing calculator that reveals how much you may save with a new mortgage.

Best Discounts for Customers: Bank of America

Bank of America promises customers who want to refinance a more convenient “digital mortgage experience.” You can use it for a refinance online, over the telephone, or in person, and you can pick from a wide scope of mortgage products to meet your needs. Bank of America also lets you get pre-approved online and offers low down payment options and competitive interest rates.

Clients of Bank of America Preferred Rewards can also get a $200 to $600 discount on their loan’s origination fee if they qualify. This makes Bank of America an especially good choice for people who already do business with the company.

Veterans and Military Personnel: Veterans United

Veterans United Home Loans is the best mortgage company for veterans and active-duty military members who fulfill “the basic service conditions set by the Division of Veterans Affairs (VA), have a reasonable Certificate of Eligibility (COE), and fulfill the creditor credit and payment conditions.” If you like to refinance your mortgage with this lender, you must be a military member.

Veterans United can help you find the best VA home loans available today, which often have the lowest closing costs and best rates. Veterans United has also gotten great reviews, with more than 8,000 reviews on Trustpilot, giving it a normal of 4.9 out of 5 stars.

Best Online Refinancing: AmeriSave

AmeriSave is an online mortgage company that offers both new home loans and ways to refinance an existing mortgage. This company allows you to qualify for lower rates than various traditional banks, and if you agree to a slightly higher APR, you can even roll your loan closing costs into your new loan.

You can also take a free quote for your new loan online through AmeriSave. You can use their website and online portal to upload documents to finish the whole loan application process. When it’s time to close on your new loan, you can do it wherever you want, even at home.

Guaranteed quickest closing times: Chase

Chase Bank is known for its banking services and rewards credit cards, but they also offer home loans and mortgage refinancing. Their mortgage refinancing item lets you replace your old home loan with a new one with better rates and terms, and you can probably do most of the mortgage refinancing process online.

Chase says that it has some of the lowest rates, and you can even start refinancing your mortgage online. The bank also offers a guarantee for closing costs that says you’ll close on time in three weeks or get a $2,500 check.