Where does Brightwire Loans do business?
Brightwire Loans is a direct lender based in Lyndhurst, NJ. The company was founded in 2013 and offers mortgage refinancing to borrowers in 1 state across the USA.
What is the maximum loan term for a mortgage refinance via Brightwire Loans?
The term of a mortgage refinance will determine the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Brightwire Loans offers mortgages refinancing with terms ranging from 15 to 30 years.
What is the estimated funding time for a mortgage refinance with Brightwire Loans?
Brightwire Loans will typically fund mortgage refinances within 14 and 20 days of approval.
Does Brightwire Loans charge a mortgage origination fee?
Yes, Brightwire Loans may charge a loan origination fee.
Does Brightwire Loans charge prepayment fees?
Yes, Brightwire Loans charges additional fees to borrowers who pay off their home loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.
What mortgage programs does Brightwire Loans offer?
Brightwire Loans offers the following mortgage programs:
- Conventional mortgages
What property usage types does Brightwire Loans allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Brightwire Loans allows the following property usage types:
- Primary home
- Secondary homes and vacation properties