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Showing 2 mortgage refinance companies in Clawson, 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 One Funding
1055 W Maple Rd Suite 200, Clawson, MI 48017
8009543211
Arcadia Lending
329 W 14 Mile Rd, Clawson, MI 48017
2486321025
What Does a Mortgage Refinance Company in Clawson Cost?
Typical costs for a mortgage refinance in Michigan range from 2% to 5% of the loan amount. This includes origination fees, appraisal fees (usually 400 to 700 dollars), title insurance, and recording fees. Michigan charges a mortgage recording tax of 0.55 per 100 dollars of the loan amount. 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 is a mortgage refinance company in Clawson Michigan?
A mortgage refinance company helps homeowners replace their existing home loan with a new one. They handle applications, appraisals, and closing. In Michigan, lenders must follow the Michigan Mortgage Brokers Act for licensing and disclosures.
How long does a mortgage refinance take in Clawson Michigan?
A typical refinance in Michigan takes 30 to 45 days from application to closing. Delays can occur due to appraisal scheduling or title work. Michigan law allows a three-day rescission period after closing for most refinances.
What documents do I need for a mortgage refinance in Clawson Michigan?
You need pay stubs, tax returns, bank statements, and proof of homeowners insurance. Michigan lenders also require a property appraisal. Self-employed borrowers may need additional profit and loss statements.