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Best Mortgage Refinance Companies in Dearborn

2024

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Providers

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

Why choose this provider?

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

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

Why choose this provider?

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

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

Why choose this provider?

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

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

Why choose this provider?

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

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

Why choose this provider?

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

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

Why choose this provider?

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

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

Why choose this provider?

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

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.
  • What are the requirements for refinancing a home in Dearborn?

    Refinancing a home in Dearborn necessitates comprehensive paperwork. Despite credit standing, all borrowers present similar documents, including the following:

    • Driver's license
    • Two-month bank records
    • Social Security card The recent mortgage bill
    • A month's paystubs
    • Two-year W-2s Loan consultants facilitate underwriting post-application, potentially demanding more data and a house assessment. Post-approval, final costs, and papers conclude the transaction.
  • Are HARP loans still available in Dearborn?

    Dearborn residents no longer have access to HARP loans. Nonetheless, there are various federally approved refinancing options available. These include the Federal Housing Administration's Streamline Refinance program and the Veterans Affairs Interest Rate Reduction Refinance Loan program. Furthermore, traditional refinancing options remain accessible to homeowners. It's advisable to meticulously examine each option to determine the most advantageous route.

  • Is there any risk of mortgage companies neglecting tax payments after refinancing in Dearborn?

    Following refinancing, there may be a period in which mortgage companies in Dearborn might overlook tax obligations. This oversight is typically observed in the phase immediately after a refinance. It's crucial for homeowners to ensure their mortgage company handles these tax dues promptly to prevent potential issues. Being proactive can avert future financial complications.

  • Can homeowners in Dearborn refinance with a different lender?

    Contrary to a common myth, Dearborn residents can certainly refinance with another lender. Refinancing offers the chance to assess and compare lenders and rates. It's wise for homeowners to investigate diverse lending sources, like local banks, online financiers, or mortgage bankers. Additionally, expanding the search beyond Dearborn or even the county might yield better lending options.

  • What should Dearborn homeowners consider when thinking about refinancing their home?

    Homeowners considering mortgage refinancing in Dearborn should look into current mortgage conditions and rates. By comparing one's current loan to market rates, specialists can discern if refinancing might yield a diminished interest, potentially curtailing monthly dues and long-term interest costs. Switching from an adjustable to a fixed-rate mortgage may also provide predictability and protection against future rate increases.

  • 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.