
Mariner Finance Mortgage Refinance
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Community Rating |
Rating not yet determined |
Loan Amount | Up to $3,000,000 |
Loan Term (Years) | 15 - 30 years |
Mariner Finance Mortgage Refinance Review
Mariner Finance Mortgage Refinance is offered by Mariner Finance LLC (NMLS #166564), a direct lender founded in 2002 and based in Baltimore, MD. Mariner Finance Mortgage Refinance are available in 12 states (and Washington, DC).
Key Takeaways
- 5 different mortgage programs offered. Mariner Finance Mortgage Refinance refinances FHA, FHA 203k, 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. Mariner Finance 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.
Mariner Finance Mortgage Refinance Pros & Cons
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Mariner Finance Mortgage Refinance FAQ
What is the maximum loan term for a mortgage refinance via Mariner Finance 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. Mariner Finance Mortgage Refinance offers mortgage refinancing with terms ranging from 15 to 30 years.
How long does Mariner Finance Mortgage Refinance take to refinance?
Mariner Finance 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 Mariner Finance Mortgage Refinance charge a mortgage origination fee?
Yes, Mariner Finance Mortgage Refinance will charge a loan origination fee.
What mortgage programs does Mariner Finance Mortgage Refinance offer?
Mariner Finance Mortgage Refinance offers the following mortgage types:
- Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
- FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- FHA 203k: An FHA mortgage you can also use to finance home improvements.
- USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
- VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.
What property usage types does Mariner Finance Mortgage Refinance allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Mariner Finance Mortgage Refinance allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
Contact
- Headquarters
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8211 Town Center Drive
Baltimore, MD 21236 USA - Visit Site
- Email Support
Other Services by Mariner Finance LLC
Availability
- Delaware
- Florida
- Georgia
- Kentucky
- Maryland
- New Jersey
- North Carolina
- Ohio
- Pennsylvania
- Tennessee
- Texas
- Virginia
- Washington, DC
Feature Breakdown
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Mariner Finance Mortgage Refinance Community Reviews
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