Best Mortgage Refinance Companies in Dearborn

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Andy Elder logo
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License Verified:

License: 166456

Nationwide Multistate Licensing System and Registry

Andy Elder

15706 Michigan Ave., Dearborn, MI 48126
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  • 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 (91)
Facebook
5.0 / 5 (7)
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
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Andy Elder

Clover Mortgage logo
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License Verified:

License: 1753936

Nationwide Multistate Licensing System and Registry

Clover Mortgage

6271 Schaefer - Suite 101, Dearborn, MI 48126
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  • 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
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Clover Mortgage

EZ Loans Co logo
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License: 2037994

Nationwide Multistate Licensing System and Registry

EZ Loans Co

15350 N. Commerce Dr. N Ste 103, Dearborn, MI 48120
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  • 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 (40)

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
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EZ Loans Co

Rapid Home Loans logo
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License Verified:

License: 2336339

Nationwide Multistate Licensing System and Registry

Rapid Home Loans

22361 W Village Dr Suite 101, Dearborn, MI 48124
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  • 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 (29)

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
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Rapid Home Loans

Sonic Loans logo
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License: 1955855

Nationwide Multistate Licensing System and Registry

Sonic Loans

6 Park Lane Blvd. Suite 605, Dearborn, MI 48126
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  • 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 (81)
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
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Sonic Loans

Swift Loans logo
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License Verified:

License: 2186020

Nationwide Multistate Licensing System and Registry

Swift Loans

7631 Esper Blvd, Dearborn, MI 48126
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  • 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
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Swift Loans

The Lending Key logo
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License Verified:

License: 2380415

Nationwide Multistate Licensing System and Registry

The Lending Key

1165 Monroe St, Dearborn, MI 48124
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  • New Construction

Business Description

The Lending Key serves homeowners and home buyers in the Dearborn community and the surrounding areas. The company offers mortgage refinancing services for homeowners who wish to change their loans, decrease their monthly payments, and shorten their loan terms according to their financial goals and needs. Its team members are also available for individuals and families wishing to purchase homes using mortgage loans. The Lending Key specializes in shopping around through a variety of brokers to meet the needs of its clients.

License Verified:

License: 2380415

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 (3)

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
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The Lending Key

Vesta Lending logo
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License Verified:

License: 1748450

Nationwide Multistate Licensing System and Registry

Vesta Lending

6 Parklane Blvd, suite 104, Dearborn, MI 48126
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  • 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 (129)
Facebook
5.0 / 5 (13)

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
Visit Website

Vesta Lending

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Frequently Asked Questions

What should you expect when refinancing a mortgage?

When refinancing a mortgage, expect to answer a lot of questions and provide documentation to back up your answers. You'll may also pay fees and closing costs of around $5,000. Additionally, expect to start over in terms of building home equity, because refinancing takes the amortization process back to the beginning.

How often should you refinance your mortgage?

There is no recommended frequency for refinancing a mortgage. How often you should refinance is determined by when it will save you money. If you can get better terms on your mortgage by refinancing, then it’s a good time to take action.

Can you refinance a first mortgage and not a second?

You can refinance your first mortgage and not the second one, but it can be difficult. You have to get the lender of your second mortgage to agree to the refinancing. The process is called resubordination, and some home equity lenders won’t agree. Additionally, lenders typically charge extra fees to resubordinate a loan.

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