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Erie, MI Mortgage Refinance in Michigan

We make it easy to get the lowest mortgage refinance interest rate in Erie, MI.

Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Erie, 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 Erie, 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 Erie, 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.

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

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Erie, Michigan News
Michigan DNR: Prime time for walleye, whitefish

Many anglers have now turned their attention to hunting, according to the Michigan Department of Natural Resources.


Fun for all

Solitaire will perform at today's luncheon followed by Tommy James at next Friday's catered dinner dance.


OPINION: Do not privatize treatment facility

While it might make a good story on the "Dirty Jobs" TV show, a sewage treatment plant is one of those things you'd rather not worry about - and thanks to Wayne County's men and women who run the Downriver ...


Stolen 45-foot tour bus recovered in Michigan

Police have found a 45-foot tour bus stolen from a northern Indiana garage in Michigan and have arrested a man they believe was responsible for its theft.


The war between Michigan and Ohio

A A A It was the Toledo War, a hotly contentious boundary dispute when it began in April, 1835, but now a source of amusement to many whose only knowledge of the war is from flawed accounts of the event.


Music to your ears

The Downriver Community Band will headline "An Evening of Musical Memories," a benefit concert for the Fish & Loaves Community Food Pantry in Taylor, at 7:30 p.m. tomorrow at the Ford Senior Center , 6750 Troy, ...


Fish Report

Windy and wet weather over the last week kept most Michigan anglers on the shore, says the state Department of Natural Resources.


Ann Arbor man killed in Bedford Township crash

An Ann Arbor, Mich. man was killed Saturday evening in a two-vehicle crash that occurred in Bedford Township.


1 Arrested in Highland Park Robbery Attempt

Action News cameras were rolling as Highland Park police arrested a suspect in a terrifying robbery attempt.


Sunken Ships Found in Lake Erie

Two 19th century shipwrecks have been found at the bottom of Lake Erie. Explorers say they believe the first wreckage belongs to the Riverside, a 133-foot, two-masted schooner built in 1870 in Oswego, N.Y., ...


Preserving a prairie past

There's a good chance most people in St. Clair County don't know what they have in their own back yard, said Steve Pondo, manager of Algonac State Park.


Music to your ears

2 in celebration of the anniversary and sanctuary rededication at Allen Park Presbyterian Church , 7101 Park Ave.


Perry's Victory and International Peace Memorial - War and Peace and Two Memorable Phrases

The world's most massive Doric column is located in this park. NPS photo. On a clear day, you can't see forever from the top of Perry's Victory and International Peace Memorial ...but you can spot Detroit, ...


Discuss climate change Nov. 6

OREGON -- A researcher who studies the Great Lakes regional climate will discuss implications of global climate change on the Lake Erie ecosystem during the 10 a.m. Nov.


Best bets

Most people go to Wiard's Orchards for cider and doughnuts. But another reason to go is the annual Country Fair, featuring tractor-drawn hayrides, antique fire engine rides, a haunted house, corn maze, ...


Hot tickets

"CHRISTNET HARVEST FOR THE HOMELESS BENEFIT EVENING" fund-raiser is set for Friday at the Holiday Inn-Southgate, 17201 North Line Road.


DNR: Salmon runs have peaked in western Michigan

Salmon runs have peaked on many rivers on the western side of the state, according to the Michigan Department of Natural Resources.


Fun for all

A Beer Bash from 5:30 to 9 p.m. features tastings from local retailers and entertainment from the band NINE on stage at Elm and First streets, along with food and beverages from Sports Brew Pub.


Warming likely to affect fishing, shipping industries

Walleye and yellow perch - the backbone of the Great Lakes region's multibillion dollar recreation and tourism industry - will likely be harder to catch as the lakes warm.


Fishing report: Cooler temps, rain increase salmon, steelhead

Cooler temperatures along with rain should increase salmon and steelhead movement, the Michigan Department of Resources said Wednesday in its weekly fishing report.


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