Once upon a time in the year 2002, AmeriSave Mortgage Corporation sprung into existence. Fast forward to today and they’ve surpassed helping 700,000 borrowers finance their homes. “Wowza, that’s a lot isn’t it?” I hear you ask. Yes, indeed it is! So saddle up, and let’s dive into a review of why this digital mortgage lender is in the spotlight for home purchase mortgages, rate-and-term refinancing, and cash-out refinances.

AmeriSave Mortgage Refinance Pros and Cons

Before we get into nitty-gritty details, let’s lay out some pros and cons, shall we?

Pros

• Snags highly competitive mortgage rates just about every time
• The Flash would be jealous of their quick turnaround times on cash-out refinances
• You can find them in 49 states and Washington, D.C.

Cons

• They’re like a mythical unicorn – no physical locations for in-person service
• Has a no-go zone in New York
• Get your expectations in order as they have a lower ranking in the J.D. Power customer satisfaction survey

Alright, let’s stick our teeth into these pros and cons, shall we?

The Yay Factors! Their Pros Explained

Competitive Interest Rates

It’s no secret that AmeriSave has a knack for securing interest rates that compete equally or better with other leading online mortgage lenders. Can the rookies with not-so-stellar credit benefit too? Surprise surprise, they absolutely can!

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Closing Time on the Review

No doubt about it, AmeriSave has built a formidable reputation for refinancing over the past two decades. If you’re on the fence about whether refinancing is for you, it might be worth picturing your current mortgage rate in a boxing match with the prevailing offers. Now, who’s on top?

AmeriSave’s robust and straightforward online application combined with their competitive rates and wide coverage area could be just the ticket for your refinancing needs. Just remember – New Yorkers, you’re out of luck, and if face-to-face meetings are your thing, beware of their lack of physical branches. But with a vast array of refinancing options up their sleeve and flexible loan terms to boot, AmeriSave might just be the underdog that delivers a knockout punch in your mortgage refinancing journey. And that’s a wrap!