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Best Mortgage Refinance Companies in Livonia

2024

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Providers

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Website
36887 Schoolcraft Road, Livonia, MI 48150
  • New Construction

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.

License Verified:

License: 140012

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.
4.6
Google
5.0 / 5 (13)
Facebook
4.7 / 5 (9)
Yelp
4.0 / 5 (8)

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
34935 Schoolcraft Rd. Ste.104, Livonia, MI 48150
  • New Construction

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.

License Verified:

License: 156303

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 (8)

Website
217 S Center Street, Suite 3, Northville, MI 48167
  • Reverse Mortgages

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.

License Verified:

License: 165182

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.
4.8

Website
39111 Six Mile Road, Livonia, MI 48152
  • New Construction

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.

License Verified:

License: 12901

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
Google
4.9 / 5 (30)
Facebook
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
38701 W Seven Mile Rd Suite 290, Livonia, MI 48152
  • New Construction

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.

License Verified:

License: 1375378

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.
4.8
Google
4.8 / 5 (528)
Facebook
5.0 / 5 (14)
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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
15530 Middlebelt Rd, Livonia, MI 48154
  • New Construction

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.

License Verified:

License: 1911994

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 (7)

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
33762 Schoolcraft Rd, Livonia, MI 48150
  • Reverse Mortgages

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.

License Verified:

License: 2215900

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

Website
36139 Schoolcraft Rd., Livonia, MI 48150
  • New Construction

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.

License Verified:

License: 129386

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.
4.8
Google
4.8 / 5 (17)

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 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.

  • 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.