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Ferrysburg, MI Mortgage Refinance in Michigan

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

Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Ferrysburg, 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 Ferrysburg, 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 Ferrysburg, 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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Ferrysburg, Michigan News
Ferrysburg discusses architect fees

Despite approving a contract from Hooker-DeJong to take plans for a new city hall through the site plan approval stage, not everyone on Ferrysburg City Council appears happy with the fee to be paid to the ...


Area events planned

GRAND HAVEN Public Safety officers and staff will be ringing their bells on the corner of Washington and Third Street at the following times: Today, 3-8 p.m.; Saturday, 1-5 p.m.; Friday, Dec.


'It has ruined our whole lives'

All felonies come with a stigma, but few are worse than criminal sexual conduct charges.


Firefighters respond to car fire in Coast Guard Park

The Ferrysburg Fire Department responded to a car on fire in Coast Guard Park in Ferrysburg on Friday afternoon.


Roger Jonas named Jingle Bell Parade grand marshal

A former Coast Guard Festival director and longtime volunteer for many local organizations has been named grand marshal of the 2008 Jingle Bell Parade.


Ferrysburg sees new city hall at site of former school

The gymnasium of the former Ferrysburg Elementary School would be saved and a new city hall would be built to the west under plans presented Monday to the Ferrysburg City Council.


Ferrysburg weighing hall options

After seeing the first architectural renderings of a possible new city hall, Ferrysburg City Council still must decide which direction they want to go with the look of the new facility.


Area businesses await alcohol law changes

Grand Haven-area store owners are eagerly anticipating Sunday sales permits after years of losing business to Muskegon stores.


Ferrysburg getting rewired

The city is getting rewired - but the most interesting part of the project is yet to come, according to Grand Haven Board of Light & Power Distribution Superintendent Jim Blekicki.


Fire likely caused by wood-burner

A wood-burning stove is the possible cause of a Wednesday morning fire that destroyed a Crockery Township home.


Village to pursue grant for safe routes to school

Developing a safe routes to school agenda that could be funded by more than $300,000 in federal funds was the focus of a special meeting Monday.


Locals: We're ready to embrace change

This morning Americans woke up to a new president-elect. While some local residents felt rested and hopeful, others woke up on the wrong side of the bed.


One last task for Sunday alcohol repeal group

The Say Yes to Sunday committee took care of its main task: repealing Ottawa County's ban on Sunday beer and wine sales.


Deadlocked planners table Ferrysburg overlay district

It took two votes, but the Ferrysburg Planning Commission eventually decided to hold off its recommendation on a proposed overlay district in the city's lakefront cottage settlement area.


Ottawa Sunday alcohol sales OK'd

Bar patrons across Ottawa County were hoisting cold ones Tuesday night as voters overturned a puzzling ban on Sunday beer and wine sales that critics said hurt tourism in the area.


Voters out early this morning

Connie Stewart said the parking lot was completely dark when she arrived to vote at Ferrysburg City Hall at 6:20 this morning.


Spring Lake land swap postponed again

A land swap between Spring Lake Township and developer David Bos that would add 80 acres to the Ottawa County-owned North Ottawa Dunes preserve property was given a third extension by township trustees Monday.


Ferrysburg voters asked to renew vehicle millage, override Headlee Amendment

Voters in Ferrysburg are being asked for a lot more than their choice of the next president next week.


Ottawa County commission candidates debate finances

The state of Ottawa County's finances is the major issue in the sole contested race for a Board of Commissioners seat in Tuesday's election.


Variety of opportunities for area trick-or-treaters

Click to enlarge Grand Haven Trick-or-treating in downtown Grand Haven will be from 4-6 p.m. The first few blocks of Washington Avenue will be closed to traffic as merchants pass out candy at that time.


Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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