Expertise.com

2024

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Best Mortgage Refinance Companies in Rochester Hills

Our Recommended Top 13

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

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

51Reviewed

35Curated

13Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

2490 Walton Blvd Suite 101,, Rochester Hills, MI 48309
WebsiteLicense: 1835820

Expertise.com Rating

Review Sources

Facebook
5.0 (47)
Google
5.0 (30)
Yelp
5.0 (3)

Why choose this provider?

Lucrative Home Loans, Inc., offers its services to clients across Rochester Hills and the surrounding areas. The company handles the refinancing needs of individuals who wish to change their loan programs, minimize their monthly payments, or lower their interest rates. It also guides clients in refinancing their loans to obtain cash funds for home improvement projects. Mortgage loan application services for home buyers are also available. The company extends its mortgage services to clients in Florida.

  • New Construction

3374 Huntsman Blvd,, Orion Township, MI 48360
WebsiteLicense: 2041154

Expertise.com Rating

Review Sources

Google
5.0 (28)
Facebook
5.0 (23)

Why choose this provider?

Align Lending caters to clients across Rochester Hills and its surrounding cities. It offers a wide range of loan programs for first-time home buyers and current homeowners. These loan products include conventional, FHA, jumbo, USDA, and VA loans, with fixed terms ranging from 10 to 40 years. It guides clients in selecting the right type of home or refinancing loan by assessing their financial situation and goals. Its mortgage origination execution process takes around two weeks. Its team also has access to downpayment assistance programs.

  • New Construction

Troy, MI 48083
WebsiteLicense: 1925352

Expertise.com Rating

Review Sources

Google
4.4 (93)

Why choose this provider?

MortgagePros works with Rochester Hills residents who want to refinance their homes. It provides a variety of refinancing options, such as conventional, VA, and FHA loans. It collaborates with each borrower to simplify the mortgage refinancing process. In addition, the company assists people in obtaining residential mortgages so that they can afford their dream homes and real estate investments. Nathan Shamo, a senior loan officer at the firm, works to ensure that each loan application is filed and approved on time.

  • New Construction
  • Reverse Mortgages

525 E Big Beaver Rd #303, Troy, MI 48083
WebsiteLicense: 1209544

Expertise.com Rating

Review Sources

Google
5.0 (115)
Facebook
5.0 (26)

Why choose this provider?

Connect Mortgage Funding is a team of local brokers serving the Rochester Hills metro. It leverages lending connections throughout the country to provide home purchase, refinance, equity cash-out, and PMI removal options that match customers’ needs and budgets. The brokerage offers financing for single-family and manufactured homes, condominiums, and townhouses. Additionally, it helps borrowers pay off outstanding debts by combining them into a single low-interest mortgage. On average, Connect Mortgage Funding clears loans to close within 15 to 20 days after submission.

  • New Construction
  • Reverse Mortgages

2075 W. Big Beaver Road Suite 700, Troy, MI 48084
WebsiteLicense: 107716

Expertise.com Rating

Review Sources

Facebook
4.8 (354)
Google
5.0 (2)

Why choose this provider?

Ross Mortgage Corporation is a full-service provider of homeownership solutions for the people in Rochester Hills. The company implements various housing financial options such as MCC, MSHDA, FHA back-to-work, and USDA programs. It has specialty programs for clients who are buying their first homes or looking into downpayment assistance solutions, as well as for mortgage borrowers planning to refinance their properties. Ross Mortgage Corporation has been in operation since 1949. Additionally, it serves Kentucky, Florida, North Carolina, and Virginia.

  • New Construction

700 Tower Dr #610, Troy, MI 48098
WebsiteLicense: 1168

Expertise.com Rating

Why choose this provider?

AmeriSave Mortgage is a financing solutions company serving clients in Rochester Hills and the surrounding areas. It assists first-time homebuyers with their decisions in purchasing a home through a mortgage and homeowners looking for cash-out or a term refinance. It also provides other loans like FHA, USDA, and VA for service members of the armed forces. AmeriSave Mortgage has been in service for more than 20 years and has helped with over 664,000 mortgage approvals. It also runs helpful financial blog posts on its website.

  • New Construction

180 High Oak Road Suite 200, Bloomfield Hills, MI 48304
WebsiteLicense: 137633

Expertise.com Rating

Review Sources

Google
4.9 (38)

Why choose this provider?

York Financial Inc. is a mortgage company that assists clients in Rochester Hills and surrounding areas with the home loan application process. The firm's team provides clients with a variety of mortgage options that correspond to their individual objectives and financial circumstances. FHA streamline refinance is an option for borrowers with an existing FHA-insured mortgage to reduce their interest rates, monthly payments, or both. FHA loans are also available to customers with low to moderate income who are unable to make a substantial down payment.

  • New Construction

804 N Main Street, Ste 1A, Rochester, MI 48307
WebsiteLicense: 128031

Expertise.com Rating

Review Sources

Google
5.0 (247)
Facebook
5.0 (13)
Yelp
4.0 (1)

Why choose this provider?

For over a decade, Advantage Lending Corp. has been dealing with Rochester Hills clients. The company guides homeowners through the refinancing process and helps them decrease interest rates. It also discusses the process with clients aiming to transition from adjustable-rate mortgages to fixed-rate loans. For aspiring homeowners, the company offers mortgage calculators on different loan programs, including FHA and VA mortgages. Its founder and president, Daniel Litvin, has been in the industry since 2001. He is a former loan officer at Flagstar Bank.

  • New Construction
  • Reverse Mortgages

71 N. Livernois Road Suite B, Rochester Hills, MI 48307
WebsiteLicense: 68251

Expertise.com Rating

Review Sources

Google
4.7 (27)
Facebook
5.0 (26)
Yelp
5.0 (4)

Why choose this provider?

McLellan Financial Mortgage is a brokerage firm that serves clients in Rochester Hills. It offers refinancing solutions for shorter terms and lower payments or to get cash from equity, allowing clients to have more savings. It has access to a wide variety of lenders to help clients shop around and choose the loan that suits them. McLellan Financial Mortgage provides traditional and government-backed loans, as well as programs for self-employed and foreign national customers. It has been in the industry for over two decades.

  • New Construction

71 Walnut Blvd, Suite 204, Rochester, MI 48307
WebsiteLicense: 1937036

Expertise.com Rating

Review Sources

Google
5.0 (84)

Why choose this provider?

Gem Home Loans helps people in the Rochester Hills area find suitable financial products when refinancing or purchasing homes. It provides clients with a cash-out refinance option, allowing them to access the equity in their properties to pay off a second mortgage, consolidate debt, or make home upgrades. Its other loan programs include FHA, conventional, VA, and USDA. The company's staff guides customers throughout the entire mortgage process, from application and loan processing to underwriting and closing.

  • New Construction
  • Reverse Mortgages

67 S. Squirrel Rd, Auburn Hill, MI 48326
WebsiteLicense: 1744909

Expertise.com Rating

Review Sources

Google
4.7 (75)
Facebook
4.7 (16)

Why choose this provider?

Range Lending is a full-service mortgage broker offering refinancing assistance to the residents of Rochester Hills. Its team checks current mortgage rates and determines loan refinance options suitable for each borrower's needs. The team helps clients understand the refinance process and guides them from consultation and application to appraisal and closing. To date, Range Lending has financed over $100 million in loans and served more than 100 clients in the Home for Heroes program.

  • Multi-Family Loans

415 S Main St b, Rochester, MI 48307
WebsiteLicense: 1899436

Expertise.com Rating

Review Sources

Google
5.0 (43)
Facebook
5.0 (5)
Yelp
5.0 (3)

Why choose this provider?

Ascend Mortgage is an independent local lender that serves the financing needs of borrowers in Rochester Hills. The company addresses the needs of homeowners seeking refinancing programs to reduce their loan terms or make them easier to pay. It offers conventional, jumbo, FHA, VA, USDA, and first-time homebuyer loans. The team also has programs for self-employed borrowers, move-up buyers, and those seeking a second home. Founder Sean Chamberlain has 20 years of experience and gets most of his business from repeat clients and referrals.

  • New Construction

4107 John R Rd., Suite 100, Troy, MI 48085
WebsiteLicense: 1433997

Expertise.com Rating

Review Sources

Google
4.9 (340)
Facebook
4.9 (94)
Yelp
5.0 (1)

Why choose this provider?

National Mortgage Home Loans caters to Rochester Hills residents. It provides a broad range of mortgage options to people who want to purchase their own homes and those who need to refinance their mortgages. Some of the loan programs it offers are VA, USDA, FHA, and jumbo loans. It aims to deliver a high level of service by leveraging the strengths and skills of its team members who have earned a reputation for being able to win repeat clients.

  • Reverse Mortgages

FAQs

  • 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 is the cost of refinancing a mortgage in Rochester Hills?

    In Rochester Hills, closing costs for refinancing a mortgage typically run from 3 to 6 percent of the borrowed amount. They consist of mortgage points, appraisal costs, title insurance fees, loan origination expenses, and fees for credit reports. Some lenders will eliminate closing expenses if they are too expensive for you to pay, but they will charge you an additional interest rate in return.

  • Are you required to refinance your mortgage in Rochester Hills with your current lender?

    No, you are under no obligation to refinance your Rochester Hills mortgage with your present lender. You might not get the greatest interest rate or loan terms if you decide to refinance right away with your current lender. For this reason, you shouldn't be hesitant to comparison-shop and check out the present mortgage rate of interest, availability, and client satisfaction ratings of each lender.

  • Even if you have a second mortgage on your house, is it possible to refinance your mortgage in Rochester Hills?

    Yes. Normally, the refinance would pay off your Rochester Hills second mortgage and combine both debts into a single new first mortgage. You would just need to make one mortgage payment every month as a result. There are some circumstances, though, where you might be able to refinance the primary loan while maintaining your second mortgage.

  • Once your Rochester Hills house has undergone a refinancing, can you still obtain a home equity loan?

    Yes. After refinancing your Rochester Hills house, you can still apply for a home equity loan. However, you will need to have accumulated a particular level of equity in your property in order to be eligible for the loan. The amount of equity you have in your house will determine whether the lender will approve your loan. Normally, this equity must be between 15 and 20 percent.

  • Does purchasing points while refinancing your mortgage in Rochester Hills allow you to eventually reduce your interest costs?

    Yes. You can reduce your overall interest costs by purchasing points when you refinance your Rochester Hills mortgage. For instance, each point might cost about 1% of your loan, and each point you purchase might result in a 0.25% reduction in your interest rate. Therefore, every point on a $400,000 debt would cost $4,000 in total. You might save over $20,000 over the course of your 30-year loan if your mortgage rate dropped from 4.35% to 4.10%.

  • 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.