Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the Michigan before hiring.
Showing 4 mortgage refinance companies in Ferndale, MI
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
David Wechsler @ The Mortgage Consultant
1603 E 9 Mile Rd, Ferndale, MI 48220
2485143489
Home Jim - Jim Kleiner
Woodward Ave, Ferndale, MI 48220
3134706622
Lamar Mortgage Group, LLC
23241 Woodward Ave, Ferndale, MI 48220
2487031238
Specialty Mortgage LLC
226 Withington St Unit 8, Ferndale, MI 48220
3136147248
What Does a Mortgage Refinance Company in Ferndale Cost?
Typical costs for a mortgage refinance in Michigan include an origination fee of 0.5 to 1.0 percent of the loan amount, an appraisal fee of 400 to 700 dollars, and title insurance costs of 500 to 1,500 dollars. Closing costs generally range from 2 to 5 percent of the loan principal. This information is general 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 for a mortgage refinance in Ferndale Michigan?
You will need pay stubs, tax returns, bank statements, and proof of homeowners insurance. Michigan lenders also require a property appraisal. Having these ready can speed up your application.
How long does a mortgage refinance take in Michigan?
A typical refinance in Michigan takes 30 to 45 days from application to closing. Michigan law gives you a three day right of rescission after signing. This means you can cancel the loan for any reason within three business days.
Are there Michigan specific rules for refinancing a home?
Yes. Michigan requires lenders to disclose all fees clearly in the Loan Estimate. Michigan also has a state specific mortgage broker licensing requirement. Always verify that your refinance company is licensed with the Michigan Department of Insurance and Financial Services.