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Best Mortgage Refinance Companies in Waterford

2024

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Providers

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Website
2490 Walton Blvd Suite 101, Rochester Hills, MI 48309
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Lucrative Home Loans, Inc., is a one-stop-shop service provider delivering refinancing solutions to residents in Waterford. Led by owner Nicole Messina, its team assists mortgage borrowers in applying for refinancing to change their existing program, cash out, or reduce interest rates. The team analyzes short-term and long-term goals, provides market insights and advice, and keeps clients informed throughout the refinancing process. Messina holds a business degree with a major in finance. Additionally, she and her team serve Florida.

License Verified:

License: 1835820

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
Facebook
5.0 / 5 (47)
Google
5.0 / 5 (31)
Yelp
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
Responsiveness
Friendliness
Helpfulness
Detail

Website
3310 W Big Beaver Rd, Troy, MI 48084
  • Reverse Mortgages
  • New Construction

Why choose this provider?

National Mortgage Funding is a brokerage firm delivering solutions to the refinancing goals of Waterford residents. It guides mortgage borrowers throughout the refinancing process, from analysis and application to funding. Its team, led by Steven Frost, deploys educational resources and benefit calculators to aid clients during the decision-making process. Frost has been working in the mortgage industry since 2005 and has closed over $100 million in loan referrals in 2019. Additionally, the company offers HARP programs.

License Verified:

License: 1939208

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 (23)
Facebook
5.0 / 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

Website
67 S Squirrel Rd, Auburn Hills, MI 48326
  • Reverse Mortgages

Why choose this provider?

Range Lending is a full-service mortgage broker that assists clients in Waterford and the surrounding areas. The firm guides homeowners seeking to cut their costs or shorten their loan terms to meet their financial needs through its refinancing options. Its loan programs also include financing for portfolio, USDA, VA, FHA, and jumbo loans. Range Lending broker-owner Tom Lower has been in the industry for about 15 years. The firm has financed over $100 million in loans.

License Verified:

License: 1744909

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.
4.7
Google
4.7 / 5 (76)
Facebook
4.7 / 5 (15)

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
930 Seyburn Avenue, Waterford, MI 48327
  • New Construction

Why choose this provider?

Modern Mortgage caters to individuals, families, and businesses in Waterford. It provides mortgage refinance programs for property owners seeking to reduce or lower interest rates, lower monthly payments, and consolidate debts. The team customizes FHA, VA, USDA, and jumbo loan options. It also offers fixed-rate, adjustable-rate, and interest-only mortgages. The company assists people who want to purchase single-family and multi-family residences, condominium units, townhouses, and manufactured homes. In addition, commercial loans for investors and builders are available.

License Verified:

License: 2006245

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
Facebook
4.9 / 5 (267)
Google
5.0 / 5 (4)

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
1990 Main Street Ste #750 Office #754, Waterford, MI 34236
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Fidel Gonzalez is a branch manager and loan officer with Nexa Mortgage, serving customers in Waterford and nearby areas. He assists clients looking to refinance existing mortgages to reduce interest rates, get lower monthly payments, get cash out from equity, or change loan terms. He offers different types of loan options, including FHA, conventional, VA, USDA, and jumbo, with 15-year and 30-year fixed rates. Gonzalez has been in the industry for over 10 years and is bilingual in English and Spanish.

License Verified:

License: 763861

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)

Website
7071 Orchard Lake Rd Suite 235, West Bloomfield Township, MI 48322
  • Reverse Mortgages

Why choose this provider?

Mortgage broker Amax Lending has been serving residents in Waterford and across Michigan for 17 years. It assists homeowners considering refinancing to lower their monthly payments and pay off their loans faster. It offers new home purchase and home equity loans as well. The company does all processing and underwriting in-house which keeps everything streamlined. It partners with multiple lenders including Chase, Quicken Loans, and Loan Depot. Its services extend to residents in Florida, Colorado, Arizona, California, and Texas.

License Verified:

License: 2096793

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.
4.7
Google
4.9 / 5 (65)

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
970 Pine Ave, Lake Orion, MI 48362
  • New Construction

Why choose this provider?

JM Mortgage Services helps clients in Waterford realize their dream of home ownership. It offers different types of refinance options to help meet the needs of local borrowers. Its refinancing programs include FHA streamline and cashout, conventional, and jumbo loans. For individuals looking for purchase loan programs, available programs are VA, USDA, conventional, and reverse mortgages. The company has been serving the lending needs of clients for more than 20 years. It is also a licensed lender in Florida.

License Verified:

License: 1632799

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 (28)

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
560 N Milford Rd Suite 202, Milford, MI 48381

Why choose this provider?

Green Oak Lending Group is a boutique mortgage brokerage that serves first responders in and around the Waterford metro. It assists homeowners who are looking to refinance a multi-family home, townhouse, or condominium. The company offers a wide variety of options, including VA, FHA, USDA, and rehab loans, as well as fixed-rate and reverse mortgages. It was founded in 2019 by David LiVolsi and Michael Wagner, mortgage bankers with over two decades of combined experience.

License Verified:

License: 1843921

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
Facebook
5.0 / 5 (25)

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
31100 Northwestern Hwy, Farmington Hills, MI 48334
  • New Construction
  • Reverse Mortgages

Why choose this provider?

For over 25 years, Zimmerman Home Loans Team has been assisting clients in the Waterford area traverse their homeownership journey. Its team offers mortgage refinance options to help those with existing mortgages reduce their monthly payments, lengthen the term, and take cash out from their home’s equity. Mortgage options like fixed-rate, adjustable-rate, conforming, jumbo, FHA and VA loans are also available for first-time homebuyers and property investors. The company's brokers guide clients in understanding their options and selecting the one that suits their goals.

License Verified:

License: 131260

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 (15)

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
3160 Haggerty Rd, STE P, West Bloomfield, MI 48323
  • New Construction
  • Reverse Mortgages

Why choose this provider?

365 Lending, LLC is an independent, full-service residential mortgage broker serving Waterford and surrounding areas. Homeowners considering refinancing their existing mortgage may choose from the loan types it offers, which include conventional, VA, FHA, and jumbo. It also provides various loan products to first-time, vacation, and experienced homebuyers, and property investors as well as those looking to renovate their homes or downsize. 365 Lending, LLC handles the entire mortgage process in-house, guiding clients from beginning to end.

License Verified:

License: 2318316

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)
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

Website
5905 S Main St., Clarkston, MI 48346
  • Reverse Mortgages

Why choose this provider?

Clarkston Mortgage is a brokerage firm that provides loan origination services in Waterford and surrounding areas. It offers mortgage refinancing options to homeowners looking to reduce their interest rates and monthly payments or change the length of their loan terms. The options include cash-out refinance and HARP, a federal program that aids underwater and near-underwater homeowners. The veteran-owned business also processes conforming, jumbo, FHA, VA, USDA, and reverse mortgages under 15-year and 30-year fixed, and adjustable terms.

License Verified:

License: 2064190

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
Facebook
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
6250 Orchard Lake Road, West Bloomfield,, MI 48322
  • Reverse Mortgages

Why choose this provider?

Lighthouse Mortgage Group aims to help clients in the Waterford metro and nearby areas break through the barriers that impede homeownership through its wide selection of loan options. Loan programs include USDA, jumbo, VA, and FHA home loans and mortgage rate options that include fixed- and adjustable-rate, interest-only, and graduated payments. Similarly, the full-service mortgage firm offers refinancing solutions to help clients lower monthly payments, cash out a portion of their equity, or consolidate current loans.

License Verified:

License: 2270459

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.
4.7
Yelp
4.5 / 5 (11)
Google
4.9 / 5 (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
38275 W 12 Mile Rd #100, Farmington Hills, MI 48331
  • New Construction

Why choose this provider?

Member Mortgage Services is a full-service mortgage banker assisting the citizens of Waterford. The business offers a variety of mortgage products, including conventional, FHA, VA, jumbo, USDA, and reverse mortgages. Additionally, its staff helps clients take advantage of financing alternatives, such as MHSDA, construction, rental property, investment mortgages, and first-time home buyer loans. Refinancing and vacation home loans are further options. The company has been in service for more than 30 years.

License Verified:

License: 131062

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
Facebook
4.6 / 5 (22)
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.
  • What is the requirement for an FHA Streamline refinance in Waterford?

    An FHA Streamline refinance in Waterford is a mortgage with less paperwork and no appraisal requirement. It is made for borrowers who already have an FHA mortgage and are refinancing to get a lower monthly payment. To be eligible for FHA Streamline refinancing, you must be able to prove your employment status with a recent paystub and have made no more than a single late or missed payment in the last 12 months.

  • Should you pay points to lower the interest rate of your mortgage in Waterford?

    Yes. If you intend to remain in your house in Waterford for a minimum of three years, you should pay points to reduce your mortgage's interest rate. If you just intend to occupy the house for a year or two, it is not advisable to pay points, as your monthly savings might not be sufficient to cover the upfront cost of the discount points.

  • Can you utilize gift money to cover the closing costs of a mortgage refinance in Waterford?

    Yes. You can utilize gift money, also referred to as gift funds, to pay either some or all of your closing costs when you refinance your primary or secondary property in Waterford. Usually, you will need to draft a gift letter that explains how the money was obtained. The donor's name and signature should be on the completed donation letter.

  • What credit score is needed to refinance a conventional loan in Waterford?

    You must have a credit score of at least 620 in order to refinance a conventional loan in Waterford. For you to convert your existing loan into a conventional loan, your credit score must also be at least 620. If your credit score is only 620, you will be required a debt-to-income ratio of no more than 36%. If your DTI is higher than this, you will need a higher credit score to be able to refinance in Waterford.

  • What conditions must be met before you may refinance your adjustable-rate mortgage in Waterford?

    You should fulfill the following requirements to have a decent probability of being approved for an adjustable-rate mortgage refinance in Waterford:

    • Possess at least 20% equity.
    • Maintain a debt-to-income ratio below 50%.
    • Hold a credit rating of not less than 620.
    • Own the property for a minimum of six months.
  • 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.