MI Mortgage Refinance in Michigan
We make it easy to get the lowest mortgage refinance interest rate in MI.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, MI residents can be on the way to a lower interest rate, a lower monthly payment, or switching from an adjustable rate mortgage to a fixed rate mortgage.
When Should I Refinance?
The best time to refinance is when interest rates in Michigan drop below the rate of your current mortgage. With a lower interest rate, you'll save money on your mortgage payment every month. Be sure to read our article titled Reasons to Refinance Now.
Turn Your Adjustable Rate into a Fixed Rate
With adjustable rates on the rise MI residents can benefit greatly from refinancing your home for a low fixed rate. These benefits include a lower monthly mortgage payment, and the security of knowing your mortgage payment won't increase.
Cash-Out Refinancing
Using the equity in your home, you can refinance your mortgage for a higher amount than your current principal balance and receive the extra funds as cash. You can use this money however you would like, including, remodeling your home, paying off high-interest rate credit cards, paying off student loans, or consolidating all your debt. How much cash out you can receive by refinancing depends largely upon the principal balance remaining on your mortgage and the amount of equity in your home.
Eliminate PMI
Private Mortgage Insurance is usually required if your downpayment on your home was less than 20 percent. If your home equity has increased since your purchase, you may have enough equity to elimate that PMI payment by refinancing your mortgage.
Save Thousands in Interest
When you refinance your home you can decide to switch your mortgage to a shorter term, such as 10, 15, or 20 years. Depending on how much lower the refinance rate is, you will likely pay more per month for this shorter term home loan. However, in the long-term you are saving thousands in interest. And because more of your monthly mortgage payment goes towards the principal, your home equity will increase much quicker.
Return to our bad credit mortgage refinance page
Bad Credit? We can help!
Call for COMPLETE details NOW!
(800) 675-9783
| Michigan News |
Ex-Detroit Mayor Archer won't run for governor
Acknowledging that he's still a "recovering politician" but unwilling to put in the amount of time necessary to campaign for Michigan's highest elected office, Dennis Archer said he will not run for governor in ...
|
Up next: The war of the regions?
How President-elect Barack Obama balances these divergent geographic interests may have more to do with his long-term success than his ideological stance or media image will.
|
$4 Million Medical Device Ruined In Crash
A truck crash near Saginaw has destroyed a $4 million medical device used to help identify cancer in patients and locate tumors for radiation therapy.
|
UN climate official urges action on emission cuts
A top United Nations climate official said Wednesday that regional government leaders must step up their efforts to combat global warming and press their national governments to follow their lead.
|
Michigan unemployment climbs to 16-year high
The nation's worsening economic outlook took a further toll on Michigan's battered labor markets during October, pushing the state's unemployment rate to a level not seen in 16 years.
|
Group: Michigan drivers should pay $12 more a month
A road builders' group wants Michigan drivers to pay $12 more a month in gas taxes and vehicle registration fees to improve the transportation system.
|
Former Detroit mayor Dennis Archer plans to discuss governor's race
Former Detroit Mayor Dennis Archer is getting ready to say if he'll run for governor in 2010.
|
MDCH confirms first influenza cases of the season
The Michigan Department of Community Health has confirmed two cases of influenza, the first identified by the state laboratory during the 2008-2009 Michigan flu season.
|
Norovirus confirmed as cause of Hope outbreak
The Ottawa County Health Department has confirmed that a norovirus caused a recent illness outbreak at Hope College.
|
UPDATED: Mich. worries automaker meltdown could doom state
A quarter-century ago, Michigan's monthly unemployment rate hit 17 percent and so many laid-off workers headed to Texas that bumper stickers asked, 'Will the last one leaving Michigan please turn out the ...
|
Enough with those bailout lines
WITH EACH passing day, the bad news gets more alarming. Sales are shrinking, revenue is declining, and jobs across the nation could be lost.
|
Greektown Casino almost out of cash, documents show
Greektown Casino is expected to run out of cash in December, hampering its ability to continue operating or to finish building its new hotel, which is slated to open in February, according to documents filed by ...
|
Race still a factor in the nation
Did the hot-button issues of affirmative action and racial preferences come up in this election? It depends where you look.
|
Michigan Antiabortion Advocates Vow To Fight On Despite Election Day Losses In State
Despite Michigan voters' approval of Proposal 2 -- which will allow surplus embryos created for fertility treatments to be donated for use in stem cell research -- and the election of many candidates who ...
|
Cold blast over lakes brings snow to Michigan
Lake-effect storms left well over a foot of snow Monday in some areas of northern Michigan and up to 8 inches in the southern part of the state, causing a number of traffic accidents.
|
Mich. Schools Rank On Study Abroad List
A new report indicates Michigan universities are among the national leaders in the number of students studying abroad.
|
AAA: Average gas prices drop below $2
AAA Michigan says the statewide average price of gasoline is below $2 a gallon for the first time since January of last year.
|
Continue reading "University of Michigan's Coleman 5th in pay among public college chiefs"
At least one person on campus has done OK as the economy has declined: public university presidents' compensation packages climbed 7.6 percent last year.
|
See All of Today's Stories
A $2.35 million video scoreboard is already in place. Workers started screwing in shining new grandstand seats late this summer.
|
More of this story
Cally Hass, Showmanship Sweepstakes winner at the 157th Cass County Fair Aug. 2, Saturday night at her alma mater, Ross Beatty High School, added Miss Cass-St. Joseph County 2009 to her resume.
|