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Best Mortgage Refinance Companies in Livonia, MI

Our Recommended Top 8

We did the research for you!

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Our goal is to connect people with the best local professionals. We scored Livonia 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.

57Reviewed

37Curated

8Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

217 S Center Street, Suite 3, Northville, MI 48167
WebsiteLicense: 165182

Expertise.com Rating

Why choose this provider?

Michigan Financial Mortgage Company helps homeowners in Livonia with their refinancing needs. It offers refinancing options for clients who want to consolidate their debts, secure funds for home improvement, or reduce their mortgage terms. The full-service mortgage brokerage firm helps people find the right loan program by providing them with multiple options and asking questions before making any recommendations. It also strives to make the mortgage process as easy as possible by guiding borrowers from start to finish.

  • Reverse Mortgages

36887 Schoolcraft Road, Livonia, MI 48150
WebsiteLicense: 140012

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Review Sources

Google
5.0 (13)
Facebook
4.7 (9)
Yelp
4.0 (8)

Why choose this provider?

Total Home Lending serves clients in Livonia. It helps borrowers refinance their mortgage to reduce their interest rate, lower monthly payments, consolidate debt, and cash out equity for home improvements. The company also assists clients in securing a loan to buy a house. Some of its loan options include jumbo, VA, FHA, and USDA. It also offers 15-year and 30-year fixed-rate mortgages. Total Home Lending's loan officers have been serving the community for more than 20 years.

  • New Construction

36139 Schoolcraft Rd., Livonia, MI 48150
WebsiteLicense: 129386

Expertise.com Rating

Review Sources

Google
4.8 (17)

Why choose this provider?

Home Loan Specialists has been serving clients in Livonia and nearby areas since 1997. It provides mortgage refinancing programs to customers who own condominiums, manufactured homes, single- and multi-family homes, and townhouses. Clients choose this option to consolidate debts, lower interest rates, improve their homes, or take cash out. Conventional, down payment assistance, FHA, and VA loans are among the loan programs offered by the firm. Cheryl Shafer, a senior loan officer, has been in the mortgage industry for over 33 years.

  • New Construction

39111 Six Mile Road, Livonia, MI 48152
WebsiteLicense: 12901

Expertise.com Rating

Review Sources

Google
4.9 (30)
Facebook
5.0 (1)

Why choose this provider?

MiMutual Mortgage is a lending company that provides loans to clients who seek to buy, refinance, and remodel homes. Its team assists with refinance programs designed for various purposes, such as paying less interest, cashing out, or remodeling a home. It also offers VA loans for veterans, active duty military personnel, and certain family members. MiMutual Mortgage operates in Livonia. It was recognized by the Detroit Free Press under the category of Top Workplaces in 2021.

  • New Construction

33762 Schoolcraft Rd, Livonia, MI 48150
WebsiteLicense: 2215900

Expertise.com Rating

Why choose this provider?

CND Mortgage, LLC, caters to the needs of residential property buyers and owners in the Livonia area. The company focuses on different types of loan program options, such as FHA home, USDA, VA, and jumbo loans. Its loan process typically includes determining how much clients can borrow, getting pre-approved, choosing suitable loan programs, and verifying information details, such as credit checks and property appraisals. Customers can submit their applications online and assess their financing options using CND Mortgage's interactive calculators.

  • Reverse Mortgages

34935 Schoolcraft Rd. Ste.104, Livonia, MI 48150
WebsiteLicense: 156303

Expertise.com Rating

Review Sources

Google
5.0 (8)

Why choose this provider?

Rich Financial Group, LLC, provides a variety of solutions for residents in the Livonia community and the surrounding areas. The company helps homeowners refinance their existing loans and guides them throughout the process. Its team employs a combined effort in assisting clients with pre-qualification application, mortgage program selection, and closing procedure management. In addition, the crew offers resources from a network of local and national lenders to provide different kinds of options for each client.

  • New Construction

15530 Middlebelt Rd, Livonia, MI 48154
WebsiteLicense: 1911994

Expertise.com Rating

Review Sources

Google
5.0 (7)

Why choose this provider?

Market Street Mortgage LLC is a locally owned and operated brokerage firm that serves the residents of Livonia and the surrounding areas. It helps homeowners attain lower interest rates or lengthen the term of their mortgage through refinancing programs. It also provides a variety of home purchase loans and mortgages, including fixed-rate, adjustable-rate, FHA, and VA loans. Owner Desmond Morgan has been working in the mortgage industry for more than nine years. He is a U.S. Marine Corps veteran.

  • New Construction

38701 W Seven Mile Rd Suite 290, Livonia, MI 48152
WebsiteLicense: 1375378

Expertise.com Rating

Review Sources

Google
4.8 (528)
Facebook
5.0 (14)
Yelp
5.0 (1)

Why choose this provider?

Priority 1 Lending helps with the mortgage refinance needs of customers in Livonia. It is a mortgage company that has been in business since 2015. It gives clients access to a home refinance analysis request form that will help identify the loan options based on their specific needs. It also utilizes a task allocation and communication platform that streamlines the operations involved in the lending process. Some of the loan programs it offers are jumbo, VA, USDA, and FHA loans.

  • New Construction

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
Michigan Financial Mortgage Company
217 S Center Street, Suite 3, Northville, MI 48167
Total Home Lending
36887 Schoolcraft Road, Livonia, MI 48150
Home Loan Specialists
36139 Schoolcraft Rd., Livonia, MI 48150
MiMutual Mortgage - Livonia, MI
39111 Six Mile Road, Livonia, MI 48152
CND Mortgage
33762 Schoolcraft Rd, Livonia, MI 48150
Rich Financial Group, LLC
34935 Schoolcraft Rd. Ste.104, Livonia, MI 48150
Market Street Mortgage LLC
15530 Middlebelt Rd, Livonia, MI 48154
Priority 1 Lending
38701 W Seven Mile Rd Suite 290, Livonia, MI 48152

Livonia, MI Mortgage Refinance FAQs

  • What refinance program in Livonia is available for homeowners with existing FHA mortgages?

    Homeowners with existing FHA mortgages in Livonia can apply for an FHA streamline refinance. This type of refinance program allows families and individuals to refinance at a lower mortgage rate. It also enables homeowners to shorten their terms, regardless of the value of their properties. In FHA streamline refinance, borrowers can skip up to two mortgage payments.

  • If you want to refinance a home in a high-cost area in Livonia, what mortgage loan can you apply for?

    You can apply for a super conforming mortgage loan if you want to refinance a home in a high-cost area in Livonia. This loan extends its cap to $265,500. You are also allowed to make payments on various terms, including 15- and 30-year fixed-rate and 5- to 7-year adjustable-rate mortgages.

  • It is a good idea to refinance if your mortgage rate in Livonia is below 6.96%?

    No. If your mortgage rate in Livonia is below 6.96%, refinancing is not a good idea. 6.96% is the current average rate on a 30-year fixed-rate loan. Therefore, if you refinance from a lower mortgage rate, your new mortgage rate will be higher than the current rate. You can use a mortgage calculator to have an idea of whether refinancing is a good choice for your financial situation.

  • What are the things you must consider when applying for mortgage refinancing in Livonia?

    When applying for a mortgage refinancing in Livonia, you need to assess your financial situation. You have to determine how much equity you have in your home. You need to have at least 20% equity. Your credit score must be at least 620 to qualify, and if you want to get the lowest rate, you have to have a credit score of 740.

  • Can you refinance with the same lender in Livonia?

    Yes. You can refinance with the same lender in Livonia if you are a satisfied client. However, you still need to understand the new loan terms even if you are a previous client. The lender that built your mortgage might not be the same company you will be working with for your new loan.