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Best Mortgage Refinance Companies in Dearborn

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2023
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Andy Elder logo
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License Verified:

License: 166456

Nationwide Multistate Licensing System and Registry

Andy Elder

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15706 Michigan Ave., Dearborn, MI 48126
  • Reverse Mortgages

Business Description

Andy Elder is a mortgage banker who strives to meet the refinancing goals of individuals and families in Dearborn. He helps clients get pre-approval and secure refinancing loans to reduce monthly payments, earn more from investments, and consolidate debt. Elder assists clients throughout the refinancing process, from document preparation and appraisal to closing. He has been in the mortgage industry for over 20 years and has been featured on media outlets such as Murray Feldman News and WWJ Newsradio 950.

License Verified:

License: 166456

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (89)
Facebook
5.0 / 5 (11)
Yelp
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Clover Mortgage logo
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License Verified:

License: 1753936

Nationwide Multistate Licensing System and Registry

Clover Mortgage

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6271 Schaefer - Suite 101, Dearborn, MI 48126
  • Reverse Mortgages

Business Description

Clover Mortgage serves borrowers in Dearborn and the surrounding areas. It provides refinancing solutions for single-family and multi-family homes, manufactured homes, townhouses, and condominiums. It assists clients looking to get lower monthly payments and change interest rates. Clover Mortgage offers different mortgage rate options, including interest-only graduated payments, fixed rates, and adjustable rates, with multiple loan programs like FHA, VA, USDA, and jumbo. It also assists self-employed borrowers who might face issues with conventional lenders.

License Verified:

License: 1753936

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
EZ Loans Co logo
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License Verified:

License: 2037994

Nationwide Multistate Licensing System and Registry

EZ Loans Co

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15350 N. Commerce Dr. N Ste 103, Dearborn, MI 48120
  • New Construction
  • Reverse Mortgages

Business Description

EZ Loans Co provides mortgage solutions throughout Dearborn and the surrounding areas. The company's team performs mortgage refinancing services to help clients achieve their financial goals by reducing their monthly loan payments, lowering their interest rates, and consolidating their debts. These refinancing options are also available for individuals wishing to obtain cash from equity for their home improvement expenses. In addition, it serves home buyers seeking loan programs, including fixed-rate and adjustable-rate mortgages, that fit their home purchasing needs.

License Verified:

License: 2037994

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (38)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Rapid Home Loans logo
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License Verified:

License: 2336339

Nationwide Multistate Licensing System and Registry

Rapid Home Loans

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22361 W Village Dr Suite 101, Dearborn, MI 48124
  • New Construction

Business Description

Rapid Home Loans serves Dearborn homeowners and those from nearby areas seeking refinancing solutions. It assists borrowers looking for better rates and shorter terms or ways to pull cash out of the equity they have built through various refinancing programs. FHA, VA, USDA, jumbo, and fixed and adjustable-rate loans are also available. Rapid Home Loans founder Alex Abazid has been working in the industry for four years, while co-founder Abe Miri is licensed in eight states.

License Verified:

License: 2336339

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (63)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Sonic Loans logo
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License Verified:

License: 1955855

Nationwide Multistate Licensing System and Registry

Sonic Loans

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6 Park Lane Blvd. Suite 605, Dearborn, MI 48126
  • New Construction

Business Description

Sonic Loans is a mortgage brokerage company serving clients in Dearborn. The firm provides mortgage refinance programs that enable borrowers to pay off their existing mortgage with a new loan. Its brokers educate clients on the differences between refinance options and help them select the best program based on their purpose, whether they want to reduce their interest rates, shorten loan terms, or obtain cash from their home's equity. The team also provides home purchase loans such as fixed-rate, ARM, conforming, jumbo, and government loans.

License Verified:

License: 1955855

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (80)
Yelp
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Swift Loans logo
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License Verified:

License: 2186020

Nationwide Multistate Licensing System and Registry

Swift Loans

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7631 Esper Blvd, Dearborn, MI 48126
  • New Construction
  • Reverse Mortgages

Business Description

Swift Loans serves the real estate needs of individuals and families in and around Dearborn. It provides a variety of refinancing solutions to help buyers and investors acquire different types of residential spaces, including single- and multi-family homes, townhouses, and condominiums. The agency assists borrowers in developing refinancing strategies to consolidate debts, reduce monthly payments and interest rates, and cash out equity for home improvements. Swift Loans partners with Home Point, Flagstar Bank, and Rocket Pro.

License Verified:

License: 2186020

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Vesta Lending logo

License Verified:

License: 1748450

Nationwide Multistate Licensing System and Registry

Vesta Lending

6 Parklane Blvd, suite 104, Dearborn, MI 48126
  • New Construction

Business Description

Vesta Lending is a brokerage company striving to meet the financial goals of investors, first-time homebuyers, and mortgage owners in Dearborn. Its loan professionals consider clients' needs, finances, and history to create custom-tailored programs such as FHA, jumbo, and fixed-rate mortgages. They perform solutions for borrowers considering low downpayment options, rehab loans, and refinancing. Vesta Lending has been serving the community for more than 15 years and supports community activities, including those in The Ford Community and Performing Arts Center.

License Verified:

License: 1748450

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (123)
Facebook
5.0 / 5 (13)
Yelp
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Frequently Asked Questions

  • Introduction

    Refinancing a mortgage can be a complicated process, and hiring a mortgage refinancing broker can make it simpler and faster. There are several things you can do to protect your interests and help your broker complete the process for you.

    Check a potential broker’s online reviews to find one with a good reputation. In addition to the opinions of past clients, check to see if a broker has an online portfolio, which can support the reviews you find from past clients to show a broker’s trustworthiness. This can also help you establish if a broker has handled financing for properties similar to yours.

    Get a written summary of a broker’s rates before committing so you know exactly what hiring your chosen mortgage refinance broker will cost. Find out which lenders work with your broker and what information they need to successfully refinance your mortgage.
  • How do you refinance a mortgage?

    Decide why you’re refinancing, such as to get a lower interest rate, pay off your loan faster, or to get a lower monthly payment. Share your credit information with your broker along with information about the equity you have in your home. Review your mortgage refinance broker’s quotes and choose the best loan terms.

  • How does mortgage refinance work?

    The mortgage refinance process begins with choosing a broker and filling out loan application information. The process continues through underwriting and closing. The new mortgage is then used to pay off and close your original mortgage loan. This leaves you with a new loan and mortgage payment to manage each month.

  • When should you refinance a mortgage?

    If your credit score has improved or mortgage interest rates have dropped, refinancing can potentially save you money. Other reasons to refinance your mortgage include getting a fixed rate instead of an adjustable one or getting a shorter loan term. An increase in your home’s value that can let you access more equity is another reason to refinance.

  • How much does it cost to refinance a mortgage?

    The average cost to refinance a mortgage is $5,000. This amount varies, based on the state and county where the property is located and the loan amount. Common fees incurred when refinancing a mortgage include:

    • Appraisal fee
    • Broker’s fee
    • Credit check fee
    • Loan application fee
    • Recording fee
    • Title search and insurance fee

  • How soon can you refinance a mortgage?

    Some lenders make borrowers wait a minimum of six months before accepting a new mortgage refinancing application. However, when that happens, borrowers can check with other lenders to find one that doesn’t require a wait before refinancing. A mortgage refinance broker can guide you to lenders that allow immediate refinancing.

  • How long does it take to refinance a mortgage?

    The average amount of time it takes to refinance a mortgage is 45 days. In some cases, it may be possible to get it done faster. There also may be times when it takes longer to get a mortgage refinanced.