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East Jordan, MI Mortgage Refinance in Michigan
We make it easy to get the lowest mortgage refinance interest rate in East Jordan, MI.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, East Jordan, 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 East Jordan, 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 East Jordan, 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.
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Mortgage Refinance Calculators
Mortgage Payment Calculator
Refinance Savings Calculator
Refinance APR Calculator
Refinance Points Calculator |
Refinance Articles
Reasons to Refinance Now
Beat the Subprime Mortgage Crisis
Return to mortgage refinance in the state of MI
| East Jordan, Michigan News |
Skyler and Taishaan Moore funeral arrangements
Funeral arrangements are made for two Central Lake Middle School students who died in a car accident in Charlevoix County.
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Man charged in crash that killed children
A man faces criminal charges for a Charlevoix County crash that left two children dead.
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East Jordan man faces felony charges in connection with crash that killed two
An East Jordan man is facing three felony charges in connection with a traffic crash that claimed the lives of two children from East Jordan late Sunday.
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Traffic crash claims lives of two Central Lake students
A one-vehicle traffic crash claimed the lives of two children late Sunday. Just before noon today, Monday, Charlevoix County Sheriff George T. Lasater confirmed the students' identities as Skylar Moore, 12, and ...
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Semi and pick-up crash head-on
Timothy Aldrich of East Jordan is injured after a head-on crash. Thursday, November 13, 2008 at 11:10 a.m. Wednesday night deputies say a pick-up truck driven b y 53-year-old T imothy A ldrich of E ast J ordan ...
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East Jordan Iron Works marks 125 years
The East Jordan Iron Works, one of Charlevoix County's largest and oldest employers, celebrated its 125th anniversary Monday with a gathering at the location it has called home for more than a century.
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Poll shows Arab youth more hopeful of future
The rising cost of living and overall economic outlook concerned both groups: 43% of Western youth and 30% of their peers in the Arab world.
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Jordan, Israel work to overcome regional water deficit
The grass isn't always greener on the other side of the fence. While Israel's water crisis is severe and much publicized, Jordan's is much worse.
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Crash kills man in Wilson Township
An Ellsworth man died in a head-on car crash in Wilson Township. James Richard Browe, 65, was killed in a collision with a vehicle on East Jordan/Boyne City Road at about 4 a.m. Wednesday.
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Tea Table Listing Updated
A daughter, Addison Josie Parks, was born to Jeremy and Jessica Parks of Boyne City at 8:07 p.m. on Oct.
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Fatal car accident in Charlevoix County
Sheriff's deputies say the accident happened just before four o'clock Wednesday morning on the East Jordan-Boyne City Road Wednesday, November 05, 2008 at 1:29 p.m. I nvestigators in C harlevoix C ounty are ...
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Donation given to deserving individual
Last Tuesday, Oct. 28, I made a final donation of $4,101.20 to Petoskey resident Amy Wilson - and it's all thanks to you.
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Tea Table Listing Updated
A daughter, Riley Addison , was born to John and Kelly Paulsen of Petoskey on Oct.
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Tea Table Listing Updated
Births A daughter, Addison Josie Parks, was born to Jeremy and Jessica Parks of Boyne City at 8:07 p.m. on Oct.
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East Jordan Iron Works Cutting Back
East Jordan Iron Works, the well-known producer of castings for various construction and municipal uses, has begun instituting layoffs in response to an ongoing decline in new orders.
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Marvin Goodwin, 71
Marvin E. Goodwin, 71, formerly of Holland, died Tuesday, Oct. 28, 2008, at his home in East Jordan.
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Tea Table Listing Updated
A son, Gabriel Dean Cobb , was born to Mr. and Mrs. Larry Cobb of Pellston at 5:07 p.m. on Oct.
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Your opinion - " October 24, 2008
Local fundraising carnival was a huge success The Rochester Hills Hampton Elementary School had its annual Carnival fundraiser recently.
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Tea Table Listing Updated
A daughter, Caitlyn Lorene Burks , was born to Steven and Dawn Burks of East Jordan on Oct.
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Budget changes facing East Jordan Public Schools
Because of economic woes, East Jordan Public Schools must make some changes in its budget.
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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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