Find Mortgage Refinance Companies in Royal Oak, MI
Looking for a mortgage refinance company in Royal Oak? 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 18 mortgage refinance companies in Royal Oak, 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.
What Does a Mortgage Refinance Company in Royal Oak Cost?
Typical costs for refinancing in Michigan include an origination fee of 0.5 to 1.5 percent of the loan amount, appraisal fees of 400 to 700 dollars, and title insurance of 500 to 1,000 dollars. Michigan also charges a state transfer tax of 0.11 percent. Total closing costs often range from 2,000 to 5,000 dollars depending on loan size and lender. 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 is the typical timeline for refinancing a mortgage in Royal Oak Michigan?
The process usually takes 30 to 45 days from application to closing. Michigan law requires a three day right of rescission after signing for most refinances. Delays can occur if an appraisal or title work takes longer.
Do Michigan refinance companies require a home appraisal?
Most lenders require an appraisal to confirm the home value. In Michigan, appraisals must follow Uniform Standards of Professional Appraisal Practice. The cost is typically between 400 and 700 dollars.
Are there Michigan specific fees for refinancing a mortgage?
Yes, Michigan charges a state transfer tax of 0.11 percent of the loan amount for refinances. Recording fees in Oakland County are about 30 to 50 dollars. Other costs include origination fees and title insurance.