8 Qualities to Look for in a Refinance Lender

Category: Mortgages Refinance
Read Time: 2min
Last Updated: 5/20/2021

Refinancing your home is a big decision. Having all the information will help you make an informed choice about what is right for you. Here are eight qualities to look for in your search for a refinance lender, which will streamline the process. 

1. Trustworthiness 

Navigating to find the best mortgage refinance companies can be challenging. Using a reliable source can make all the difference. Choose a refinance lender that has been around the block and has funded its share of transactions. The top refinance lenders will have a high percentage 5-star rating when you check their mortgage reviews. 

2. Direct Mortgage Lender 

Choosing a direct mortgage lender will not only save you time and money, but it will speed up the process as well. You won’t have to worry about paperwork getting lost as it exchanges hands and timelines being delayed due to more people being involved. You have direct contact with the professionals on your team – which can result in a 15 percent quicker closing when you choose Wyndham Capital.

3. Convenience 

With time, money and energy at a premium, the top mortgage refinance companies understand that streamlining the refinance process is worth its weight in gold. The top refinance lenders make it easy for their clients to navigate the refinancing process with ease. At Wyndham Capital, nobody gets that as much as us. We are a FinTech mortgage company: our award-winning artificial intelligence (AI) and robotics take care of menial tasks so we can focus on giving our clients a painless refinance experience.

4. Price

Most refinancing takes place to save money, so the top refinance lenders consider that and show their understanding by making a mortgage refinance as inexpensive as possible. Direct mortgage lenders like Wyndham Capital can pass the savings on to you, the customer. With no middleman and no fee schedule, you are sure to not only get the top refinance rates possible but with no closing cost, you will also get a great price.

5. Lock Your Loan Rate 

Having the ability to lock in your rate can be a huge money-saver. Locking in your rate is important as it will help you determine how much your monthly mortgage payment will be. Locking in your rate also eliminates your exposure to market volatility because your rate can’t fluctuate daily, so find a lender who helps you do just that.

6. Great Refinance Rate

The top refinance lenders are typically able to offer better mortgage refinance rates than banks and credit unions. Use a mortgage calculator with taxes to get a better idea of what your new refinanced mortgage loan will look like.

7. Knowledgeable

Because refinancing your home can be a complicated and daunting endeavor, it is important to choose a lender who is not only knowledgeable about the process but who is willing to educate you as well. You should feel confident and comfortable with what is taking place. At Wyndham Capital, we have robust resources to guide you through the refinance process and are here to answer any questions you may have along the way.

8. Relationship-Focused

While refinancing your home is a technical process, your relationship with your lender matters. Choosing a lender who is easy to communicate with and focused on your wellbeing will make a big difference when it comes to your overall experience.



Matthew Harris is the Internal Communications Manager at Wyndham Capital Mortgage. With over 11 years of experience writing and creating content about topics from sports and culture to financial systems and business, Matthew brings his expertise to the mortgage industry. Matthew oversees Wyndham’s internal communication and content strategies to help drive the internal messaging and creating content that gives both employees and borrowers relevant and reliable information to help them make informed homebuying, selling and refinancing decisions. Matthew has a Master’s Degree in Communications from Purdue University and a Bachelor's Degree in Journalism from Appalachian State University. His interests include social media marketing, content creation and catching the occasional sports game.

Related Posts