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Showing 2 mortgage refinance companies in Spencer, 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.
Fairway Independent Mortgage Corp
130 W Main St Unit B, Spencer, MA 01562
7742410770
Mortgage House
12 Overlook Dr, Spencer, MA 01562
5086121835
What Does a Mortgage Refinance Company in Spencer Cost?
Typical costs for a mortgage refinance in Massachusetts include an origination fee of 0.5% to 1% of the loan amount, an appraisal fee of $400 to $700, and title insurance costing $500 to $1,000. Closing costs generally range from 2% to 5% of the loan principal. This is general information, 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
What documents do I need to refinance a mortgage in Spencer Massachusetts?
You typically need recent pay stubs, tax returns, bank statements, and proof of homeowners insurance. Massachusetts lenders may also require a copy of your current mortgage note and a property appraisal.
How long does a mortgage refinance take in Massachusetts?
A standard refinance in Massachusetts usually takes 30 to 45 days from application to closing. Delays can occur if the appraisal is slow or if additional documentation is requested by the lender.
Are there Massachusetts laws that protect homeowners during refinancing?
Yes, Massachusetts has a three day right of rescission for most refinances, meaning you can cancel the loan within three business days after signing. The state also prohibits predatory lending practices under Massachusetts General Laws Chapter 183C.