Last Updated: 04/18/2025
SuperMoney User Recommendation Score -33
Mostly not recommended6 total votes
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Highlights
Community Rating
Mostly not recommended
Credit Score Range
N/A
Amount Range
Up to $2,000,000
Loan Term (Years)
15 - 30
Number of Reviews
MonsterLoans Mortgage Refinance Review
MonsterLoans Mortgage Refinance is offered by MonsterLoans (NMLS #1049484), a direct lender founded in 2015 and based in Lake Forest, CA. MonsterLoans mortgage refinance are available in 16 states.
Key Takeaways
- Wide selection of mortgage programs offered. MonsterLoans Mortgage Refinance refinances FHA, 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. MonsterLoans Mortgage Refinance only offers hybrid mortgages.
- Only primary residences considered. MonsterLoans Mortgage Refinance does not refinance vacation or investment properties.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
MonsterLoans Mortgage Refinance Pros & Cons
| Pros | Cons |
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MonsterLoans Mortgage Refinance FAQ
What is the maximum loan term for a mortgage refinance via MonsterLoans 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. MonsterLoans Mortgage Refinance offers mortgage refinancing with terms ranging from 15 to 30 years.
How long does MonsterLoans mortgage refinance take to refinance?
MonsterLoans 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 MonsterLoans mortgage refinance charge a mortgage origination fee?
Yes, MonsterLoans Mortgage Refinance will charge a loan origination fee .
What mortgage programs does MonsterLoans mortgage refinance offer?
MonsterLoans 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%.
- 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 MonsterLoans mortgage refinance allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. MonsterLoans Mortgage Refinance allows the following property usage types:
- Primary home
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Hours of Operation
SundayClosedMonday7:00AM - 6:00PMTuesday7:00AM - 6:00PMWednesday7:00AM - 6:00PMThursday7:00AM - 6:00PMFriday7:00AM - 6:00PMSaturday10:00AM - 5:00PM
Other Services by MonsterLoans
Home Mortgage Loans
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SuperMoney Net Recommendation Score
SuperMoney users mostly don't recommend this product, giving it a user recommendation score of -33, or 2.3 on a 5-point rating scale.
-33
-1000+100
No one recommends
Everyone recommends
MonsterLoans Mortgage Refinance Community Reviews
Would you recommend MonsterLoans Mortgage Refinance to your friends?
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
Kristopher Van Wicklen and Inga McNair were a pure treat to work with. They were extremely diligent with me and they were so incredibly helpful along the way. Communication was key to getting the process done efficiently and quickly. I appreciate the care and kindness that was shown from my initial contact. Respect was earned!
AS
Alaina S.
Jun 3, 2022
May or may not recommend
From my experience, the process took several months to get going and honestly, the chance of them answering your phone calls is very low. Would not reccomend.
SJ
Sade J.
May 10, 2022
May or may not recommend
Not a good company, it took a long time to get the refinance process going.
U
Anonymous
Jun 6, 2019
May or may not recommend
I have been waiting now for about 2 months. They promised me all these good things and I was working with Marcia she told me we would have an answer by Monday , its now Thursday and she has not picked up the phone since.
David D.
May 17, 2018
May or may not recommend
Kristopher Van Wicklen and Inga McNair were a pure treat to work with. They were extremely diligent with me and they were so incredibly helpful along the way. Communication was key to getting the process done efficiently and quickly. I appreciate the care and kindness that was shown from my initial contact. Respect was earned!
Larry D.
Feb 7, 2018
May or may not recommend
MY NAME IS LAWRENCE DICKINSON MY EMAIL IS sss999777@aol.com TO PROVE I AM A REAL PERSON I REFINANCED MY VA HOME LOAN WITH MONSTER LOANS NEVER EVER DO BUISNESS WITH THIS COMPANY IT TOOK MONTHS ALLMOST OVER 2AND A HALF MONTHS TO DO A REFINANCE ON A VA MARGAGED HOME YOU CALL THEM THEY ARE NEVER AT THERE DESK TAKES 2 DAYS FOR ...Show More
Showing 6 of 6 reviews
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