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Ellsworth, MI Mortgage Refinance in Michigan
We make it easy to get the lowest mortgage refinance interest rate in Ellsworth, MI.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Ellsworth, 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 Ellsworth, 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 Ellsworth, 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
| Ellsworth, Michigan News |
Elderly Couple Escapes House Fire in Antrim County
An old family farm house went up in flames early this morning, and firefighters are calling it a total loss.
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Entertainment Calendar Updated
Laugh & Disorder: Special Comedy Unit, previously known as LTCT's Second Sunday Improvisational Troupe, performs 7 p.m. the second Sunday of every month at City Park Grill in Petoskey.
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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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Independents, Murdock contest Ward 3
With the elections less than a week away, local campaigns are winding down. And candidates for Ypsilanti City Council are making last attempts to win voters over.
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Passenger injured when boat goes airborne on Lake Charlevoix
A passenger was injured when a 26-foot boat struck a breakwall on Lake Charlevoix, went airborne and glanced off a 25-foot tree coming to a rest in a small cove, Sheriff's George Lasaster said.
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Entertainment Calendar Updated
Farm market - Boyne City's farm market is open 8 a.m.-noon Wednesday and Saturday through October in Old City Park.
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Tapawingo's Chocolate Truffle Cake
This is pastry chef Marit Kaszubwoski making her decadent Chocolate Truffle Cake at Tapawingo , a restaurant so good, it lures Chicago diners to tiny Ellsworth, Michigan -- a six-hour drive from The Windy City.
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Friske Orchards - Ellsworth, MI
"When our friend Sally Ruggles, proprietor of Books on the Common in Ridgefield, Connecticut, revealed to us that as a teenager she had been Apple Queen of Michigan, we were impressed.
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Northern Notes: Beach Bums honor volunteers
Megan McGlynn, from the Michigan Department of Human Services Grand Traverse-Leelanau, wrote on behalf of the Northwest Michigan Association of Volunteer Administrators, to thank John and Leslie Wuerfel, the ...
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Tea Table Listing Updated
You can help If your organization needs volunteers or donated items, write Debbie McGuiness at the Petoskey News-Review, 319 State St., Petoskey, Mich., 49770, or send an e-mail to dmcguiness@petoskeynews.com . ...
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Student project vandalized in Charlevoix
Police are investigating damage to a house built by construction students at Charlevoix High School.
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Northern Notes: Thanks for girl's safety
"Thanks to George McBath and his BATA staff, as well as the VFW Honor Guard, for helping make this a memorable event" One of a parent's worst nightmares came true for Nicole and Mark Wade when their 3-year-old daughter, Laurel, wandered away from their Traverse City home with the neighbor's dog on April 18. via Traverse City Record-Eagle
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MOPS to hold Mom/ Baby Sale May 17
MOPS is sponsoring their sixth annual spring Mom and Baby Sale on Saturday, May 17, 9 a.m.-1 p.m. at the First United Methodist Church of Eaton Rapids, 600 South Main St. via Lansing State Journal
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Dining news
"I don't want people to have sticker shock" Tapawingo ready for 25th anniversary The north country's Tapawingo, the restaurant that put the town of Ellsworth on the national map, re-opens May 1 for its 25th year. via The Detroit News
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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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"I prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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