LendingHome Mortgage Refinance

LendingHome Mortgage Refinance Review

LendingHome Mortgage Refinance is offered by LendingHome (NMLS #1125207), a direct lender founded in 2013 and based in San Francisco, CA. LendingHome Mortgage Refinance are available in 11 states across the USA.

Key Takeaways

• 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. LendingHome Mortgage Refinance offers hybrid mortgages, and fixed-rate 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 early.

LendingHome Mortgage Refinance Pros & Cons

Pros	Cons
	Charges an origination fee. Charges prepayment fees. Only available in 11 states.

LendingHome Mortgage Refinance FAQ

What is the maximum loan term for a mortgage refinance via LendingHome 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. LendingHome Mortgage Refinance offers mortgage refinancing with terms ranging from 15 to 30 years.

How long does LendingHome Mortgage Refinance take to refinance?

LendingHome Mortgage Refinance does not provide details on the average time to close a refinance. However, it typically takes 30 to 45 days to complete a refinance. Of course, a lot depends on the market, the lender, and how long appraisals and inspections take.

Does LendingHome Mortgage Refinance charge a mortgage origination fee?

Yes, LendingHome Mortgage Refinance will charge a loan origination fee.