Flat Rock, MI Mortgage Refinance in Michigan
We make it easy to get the lowest mortgage refinance interest rate in Flat Rock, MI.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Flat Rock, 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 Flat Rock, 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 Flat Rock, 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
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Refinance Articles
Reasons to Refinance Now
Beat the Subprime Mortgage Crisis
Return to mortgage refinance in the state of MI
| Flat Rock, Michigan News |
at a Glance: Southern Downriver
Men's drop-in basketball games will be held at 8 p.m. Thursdays at Woodhaven High School, 24787 Van Horn Road.
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RIVERVIEW: Apartment fire kills one
A 68-year-old man died after a fire Thursday at a senior apartment complex. Bellaire Independent Senior Apartments, 12621 Hale St., caught fire at about 10 p.m. and its residents were evacuated.
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Deadly Apartment Fire
Careless smoking is thought to be the cause of a fatal fire in Riverview. Thursday night's fire was at the Bellaire Senior Apartments on Quarry Road.
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A squeeze on Thanksgiving dinner
Ever since losing her executive secretary job last year, Carrie Seal-Stahl of Flat Rock, Mich.
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Lend a hand during the holidays
Flat Rock Family Cafe's 26th Annual Thanksgiving Dinner for the Needy and Homeless, 11 a.m-9 p.m., 27517 Telegraph Rd., Flat Rock.
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Police Beat: Short police-related stories
A 57-year-old resident is hospitalized in critical condition after being hit by a car Saturday while walking across Fort Street.
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My TV20 Detroit Detroit, MI
Some good news for the Ford Motor Company's factory in Flat Rock: The 2010 Mustang was revealed tonight at the Los Angeles Auto Show.
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Details released on 2010 Mustang
Ford will introduce its restyled 2010 Mustang Tuesday on the eve of the Los Angeles Auto Show.
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Holiday home tour set for Dec. 6
A model train museum, an historic hotel and five homes - each uniquely decorated - will be featured during this year's "Home for the Holidays Tour" from 10 a.m. to 4 p.m. Dec.
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Flat Rock: Do you hear that train a-coming?
After investing thousands of dollars and working for months, Leon and Pat Simeck and the Flat Rock Train Club are ready to introduce Downriver residents to the joys of trains.
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Toy drive donations badly needed
Toys for Tots volunteer Kim Felske of Brownstown Township is worried. "We have more families registered already this year than we have ever had," she said.
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Off the Blotter: Police reports
The following incidents are compiled from crimes recently reported by Downriver police departments.
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DNR: Small fishing crowds this time of year
This is one of the best times of the year to fish for those that do not like crowds, the Michigan Department of Resources said Wednesday in its weekly fishing report.
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Let's Race: Ford Unveils 40th Anniversary Cobra Jet Mustang Drag Car at SEMA
Mustang fans will note that this year marks the 40th anniversary of the famous Cobra Jet.
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Black teachers in short supply
As a black gym teacher in the mostly white Monroe school district for 33 years, Selma Rankins taught more than physical fitness.
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Police Beat: Shorts police-related stories
Pair attack woman in bar's parking lot TAYLOR - A 38-year-old Flat Rock woman told police Thursday that she was attacked by two men in the parking lot at Rick's Halftime Bar, 20942 Ecorse Road.
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Commission considers sending some park funds back to communities
A veto could be ahead for a contested ordinance before the Wayne County Commission to return 25 percent of the county's parks millage to individual communities for parks and recreation improvements.
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Off the Blotter: Police reports from across the area
The following incidents are compiled from crimes recently reported by Downriver police departments.
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Bernard Baert
Services for Bernard Baert, 66, of Flat Rock, Mich., were Oct. 24 at Taylor, Mich.
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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.
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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 was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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