Freedom Mortgage Refinance Review

Freedom Mortgage Refinance is offered by Freedom Mortgage Corporation (NMLS #2767), a direct lender founded in 1990 and based in Mount Laurel, NJ. Freedom Mortgage Refinance is available in 50 states (and Washington, DC).

• 5 different mortgage programs offered. Freedom Mortgage Refinance refinances FHA, FHA 203k, HARP, USDA, VA, conforming, and conventional mortgages.
• Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
• Non-standard interest rates available. Freedom Mortgage Refinance only offers hybrid mortgages.
• Considers personal use and investment properties. Refinancing available for primary homes, vacation homes, and even investment homes, such as rental properties.
• Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage refinance loan early.
• Origination fee of 1%. This is on the low end for lenders that charge an origination fee. However, some lenders don't charge an origination fee.

What is the maximum loan term for a mortgage refinance via Freedom Mortgage Refinance?

The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Freedom Mortgage Refinance offers mortgages refinancing with terms ranging from 15 to 30 years.

Does Freedom Mortgage Refinance charge a mortgage origination fee?

Yes, Freedom Mortgage Refinance will charge a loan origination fee of 1% of the loan amount.