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Showing 3 mortgage refinance companies in Somerville, MA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Somerville Municipal Federal Credit Union
236 Holland St, Somerville, MA 02144
6176250898
Frank Prinzivalli- Mortgage Specialist
421 Highland Ave, Somerville, MA 02144
6173151576
Rafaela Almeida - Chase Home Lending Advisor - NMLS ID 1276638
702 Grand Union Blvd, Somerville, MA 02145
9783994342
What Does a Mortgage Refinance Company in Somerville Cost?
Typical costs for a mortgage refinance in Massachusetts include an origination fee of 0.5 to 1 percent of the loan amount, appraisal fees of 400 to 700 dollars, and title insurance of 500 to 1,000 dollars. Closing costs usually range from 2 to 5 percent of the loan principal. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
How long does a mortgage refinance take in Somerville?
A typical refinance in Massachusetts takes 30 to 45 days from application to closing. Delays can occur if an appraisal or title search takes longer than expected. Your lender must give you a Loan Estimate within three business days of your application.
What documents do I need for a refinance in Massachusetts?
You will need recent pay stubs, tax returns, bank statements, and proof of homeowners insurance. Massachusetts law also requires a property survey or title insurance in most cases. Your lender will provide a full list of required documents.
Are there prepayment penalties for refinancing in Massachusetts?
Massachusetts law does not allow prepayment penalties on most residential mortgages. If your loan was made after 2014 you generally cannot be charged a fee for paying off the loan early. Check your current loan agreement for any specific terms.