Find Mortgage Refinance Companies Near You in Livonia, MI
Looking for a mortgage refinance company in Livonia? Review the directory below to compare your options.
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
State Mortgage Licensing Authority of Michigan before hiring.
Showing 16 mortgage refinance companies in Livonia, 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.
Mortgage refinance companies in Livonia Michigan help homeowners lower their interest rate or change loan terms. Michigan law requires lenders to provide a clear Loan Estimate within three business days of application. Local Livonia lenders understand Wayne County property values and can guide you through the refinance process.
What Does a Mortgage Refinance Company in Livonia Cost?
Typical costs for a mortgage refinance in Michigan range from 2 to 5 percent of the loan amount. This includes an appraisal fee of 400 to 700 dollars, a loan origination fee of 0.5 to 1 percent, and title insurance costs of 500 to 1,500 dollars. Michigan also charges recording fees of about 30 to 50 dollars. Note that these costs vary by lender and loan type. This is general information, 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 Livonia Michigan?
You typically need recent pay stubs, tax returns, bank statements, and proof of homeowners insurance. Michigan lenders also require a property appraisal to confirm your home value. Gather these items before applying to speed up the process.
How long does a mortgage refinance take in Michigan?
A standard refinance in Michigan usually takes 30 to 45 days from application to closing. Delays can happen if the appraisal is slow or if additional documents are needed. Your lender must give you a Closing Disclosure at least three business days before closing.
Are there Michigan laws that protect me when refinancing?
Yes. Michigan law requires lenders to disclose all fees and terms clearly. You have a three day right of rescission after closing to cancel the refinance for any reason. This right applies to most primary residence refinances under federal and state rules.