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Best Mortgage Refinance Companies in Detroit, MI

Our Recommended Top 7

We did the research for you!

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Our goal is to connect people with the best local professionals. We scored Detroit mortgage refinance companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

482Reviewed

292Curated

7Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Best Mortgage Refinance Companies Serving Detroit
7954 North Lilley Road, Canton, MI 48187
Visit WebsiteLicense: 0010345

Expertise.com Rating

Review Sources

Google
4.6 (38)

Why choose this provider?

Serving Detroit, Accurate Mortgage Solutions is a mortgage company assisting clients looking to refinance their current mortgage plans. It helps clients improve their current financial situation by guiding them through the complex process of changing loan terms through refinancing programs. Its conventional and government loans help clients reduce their monthly mortgage payments as well as converting adjustable rates into long-term fixed rates. The company also offers online pre-application solutions for calculating interest rates and determining loan eligibility.

  • NMLS #: 39166
  • Reverse Mortgages

Best Mortgage Refinance Companies Serving Detroit
837 S Beech Daily, Dearborn Heights, MI 48125

Expertise.com Rating

Review Sources

Google
5.0 (38)

Why choose this provider?

EZ Loans Co. offers a wide variety of mortgage options for residents in and around the Toledo area. It provides assistance for homeowners looking to refinance current mortgages, which can lower interest rates and monthly payments. The company has cash-out programs that cover non-owner-occupied and owner-occupied homes. These programs allow clients to pay debt and expenses using cash from their home equity. Its team also offers refinancing assistance for homeowners who currently have VA and FHA loans.

Best Mortgage Refinance Companies Serving Detroit
12315 East 14 Mile Road, Sterling Heights, MI 48312
Visit WebsiteLicense: 135633

Expertise.com Rating

Review Sources

Facebook
5.0 (17)
Google
3.7 (7)

Why choose this provider?

Security Mortgage Corporation is a team of advisors that works with home buyers and owners in Detroit. Included in its line of services is home refinancing. Whether clients need to retrieve funds or shorten their mortgage terms, the financing professionals offer various solutions, including VA cash-out, FHA cash-out, conventional, streamline, and jumbo loans. Security Mortgage Corporation, which has been operating since 1975, is headed by Colleen Hassar, a NAMB member and residential lending specialist with over 30 years of experience.

  • NMLS #: 39166
  • Reverse Mortgages

Best Mortgage Refinance Companies Serving Detroit
2075 West Big Beaver Road, Troy, MI 48084
Visit WebsiteLicense: 107716

Expertise.com Rating

Review Sources

Facebook
4.8 (179)

Why choose this provider?

Ross Mortgage Corporation is a mortgage banking company that serves customers in Detroit. With a combined experience of over 70 years, its mortgage specialists and loan officers can find suitable refinance options for every client including cash-out refinance, fixed-rate mortgages, adjustable-rate mortgages, FHA, and VA mortgages. Besides renegotiating the terms of an existing mortgage or minimizing interest rates, Ross Mortgage can assist individuals planning to own a house that could be obstructed by student loans. It strives to work with integrity, honesty, and professionalism.

  • Reverse Mortgages
  • NMLS #: 39166

Best Mortgage Refinance Companies Serving Detroit
25800 Northwestern Highway, Southfield, MI 48075
Visit WebsiteLicense: 140012

Expertise.com Rating

Review Sources

Google
5.0 (593)
Yelp
5.0 (1)

Why choose this provider?

John Adams Mortgage is a team of mortgage professionals serving clients in Detroit. With their experience, mix of loan programs, and personal touch, they aim to find the best solution to their client's refinancing needs. The consultants are committed to helping clients throughout the entire process, starting from consultation all the way to the loan funding approval. Its diverse programs help current homeowners lower monthly payments, pay mortgages off faster, consolidate their debts, cash out equity, and get out of an adjustable mortgage rate.

  • NMLS #: 39166
  • Reverse Mortgages

Best Mortgage Refinance Companies Serving Detroit
13001 23 Mile Road, Shelby Township, MI 48315
Visit WebsiteLicense: 136037

Expertise.com Rating

Review Sources

Facebook
5.0 (48)
Yelp
3.0 (4)

Why choose this provider?

Homesite Mortgage is a consumer direct lender near Detroit that has been developing an array of mortgage refinance solutions since 2004. The company's mortgage bankers offer a varied and streamlined refinancing process that serves clients with many different needs, including home improvement and debt consolidation. The team of consultants also has experience developing cash-out refinance solutions that allow clients to take advantage of the accumulated value of their home's equity.

  • Reverse Mortgages
  • NMLS #: 39166

Best Mortgage Refinance Companies Serving Detroit
33060 Northwestern Highway, West Bloomfield Township, MI 48322
Visit WebsiteLicense: 8259

Why choose this provider?

Community First Home Mortgage's Westside office helps Detroit homeowners explore their refinancing options. The firm offers lending solutions to various clients including business owners, first-time buyers, and those with low credit scores. Its team of specialists analyzes the client's current situation to determine a new mortgage program that will fit their needs. They also offer refinancing programs for individuals who don't have home equity in their properties. Customers can use the refinance calculator on the company's website to estimate the benefits of refinancing their mortgages.

  • NMLS #: 39166
  • Reverse Mortgages

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
Accurate Mortgage Solutions
7954 North Lilley Road, Canton, MI 48187
EZ Loans Co
837 S Beech Daily, Dearborn Heights, MI 48125
Security Mortgage Corporation
12315 East 14 Mile Road, Sterling Heights, MI 48312
Ross Mortgage Corporation
2075 West Big Beaver Road, Troy, MI 48084
John Adams Mortgage
25800 Northwestern Highway, Southfield, MI 48075
Homesite Mortgage
13001 23 Mile Road, Shelby Township, MI 48315
Community First Home Mortgage
33060 Northwestern Highway, West Bloomfield Township, MI 48322

Detroit, MI Mortgage Refinance FAQs

  • When should you consider jumbo loan mortgage refinancing in Detroit?

    You should consider jumbo loan mortgage refinancing if you have big home loans in Detroit. Most of the time, different areas have jumbo mortgage limits, so it is important that you know the limits to avoid high-interest rates and costly fees. You may apply for a 30-year fixed jumbo loan refinance to settle your payments.

  • What are the refinancing requirements in Detroit?

    Individuals who want to apply for refinancing in Detroit must prepare the following requirements:

    • Most recent pay stubs
    • Two years of W2s
    • Two months of bank statements
    • Copy of homeowners' insurance, driver's license, and most recent mortgage statement After borrowers prepare the requirements, they may contact their financial loan officer to sign loan documents.
  • Is no appraisal refinance faster than other refinancing loans in Detroit?

    No appraisal refinance is faster than other refinancing loans in Detroit because it involves fewer documents and a quicker process. This type of refinance allows borrowers to skip appraisal due to their home values rising regulators. No appraisal refinance can be used for rate and term refinance. However, individuals may not be able to waive no appraisal refinance funds on a cash-out refinance.

  • When should you not refinance an investment property in Detroit?

    You should not refinance an investment property in Detroit if a lower mortgage rate is not guaranteed. If the mortgage interest rates being offered for new mortgage loans are high, it is better to keep your current mortgage. You must also not pursue refinancing your property if the new loan will add extra years to your mortgage.

  • How can you lower the mortgage rate without refinancing in Detroit?

    In Detroit, you may lower the mortgage rate without refinancing by seeking a recast instead of a refinance. You can request a recast from your lender to re-amortize your loan and lower your balance, which will be reflected in your remaining payments. You can also pay more each month and take advantage of mortgage settlements to reduce mortgage rates.