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Showing 3 mortgage refinance companies in Morton Grove, IL
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Fairway Independent Mortgage Corporation
8810 Menard Ave, Morton Grove, IL 60053
3123639595
Raj Patel | Fairway Independent Mortgage Corporation Branch Sales Manager
8810 Menard Ave, Morton Grove, IL 60053
8478456899
Mortgage, Bank of America
8745 Waukegan Rd, Morton Grove, IL 60053
2243441892
What Does a Mortgage Refinance Company in Morton Grove Cost?
Typical costs for a mortgage refinance in Illinois include an application fee of 300 to 500 dollars, an appraisal fee of 400 to 700 dollars, and title insurance which can range from 800 to 1,500 dollars. Closing costs generally total 2 to 5 percent of the loan amount. These costs vary by lender and property value. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What documents do I need to refinance a mortgage in Morton Grove?
You typically need recent pay stubs, tax returns, bank statements, and proof of homeowners insurance. Illinois lenders also require a valid government ID and a copy of your current mortgage statement.
How long does a mortgage refinance take in Illinois?
A standard refinance in Illinois usually takes 30 to 45 days from application to closing. Delays can occur if an appraisal is needed or if additional documentation is requested by the lender.
Are there Illinois specific rules for mortgage refinancing?
Yes, Illinois has a three day right of rescission for most refinances, giving you time to cancel after signing. The state also limits prepayment penalties on most residential mortgage loans.