Grand Rapids, MI Mortgage Refinance in Michigan
We make it easy to get the lowest mortgage refinance interest rate in Grand Rapids, MI.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Grand Rapids, 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 Grand Rapids, 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 Grand Rapids, 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
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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
| Grand Rapids, Michigan News |
Second suspect in beating of WWII vet turns himself in to police
A second man faces life in prison in the savage Oct. 28 beating of an 83-year-old Genoa Township man after turning himself in to Michigan State Police this afternoon.
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Mich. men plead guilty in dead parents' money case
Two of three brothers accused of cashing annuity checks that were supposed to end when their parents died have pleaded guilty to federal charges of conspiracy in the case.
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Grand Rapids dog's surgery for artificial elbow has potential for humans
Sue Falk's 11-year-old Labrador, Jake, goes through physical therapy on a underwater treadmill at Family Friends Veterinary Hospital in Cascade.
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Winter storm dumps on area
Travelers on south central Michigan roads braved dangerous driving conditions as November went out Sunday with a snow-laden bang.
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Detroit's schools should follow Grand Rapids' lead
As the Detroit Public Schools district collapses, it should look west to Grand Rapids for a model of how a troubled, poor school district can bring itself back to health -- and give its students the high- ...
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Joe Glendening had 175 yards rushing and three touchdowns as East Grand Rapids won its third straight Division 3 state title with a 43-24 victory over Inkster Saturday at Ford Field.
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Live blog: Black Friday in Grand Rapids
Alvin Peterson reads the Black Friday ads in the comfort of a tent while in line at Best Buy on 28th Street on Thanksgiving.
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Mel Trotter hosts more than 2,000 at free Thanksgiving dinner
A record-breaking crowd showed up Thursday at DeVos Place convention center in Grand Rapids for a Thanksgiving Day dinner sponsored by Mel Trotter Ministries, one of several such events throughout the region.
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Continue reading "Grand Rapids fire victims say Red Cross left them out in the cold"
Melissa Fye, 26, in the living room of her apartment at 1016 Muskegon Ave. NW. Fye, her boyfriend and her five children, ages 9 years to 4 months, were left homeless after a fire in the house early Wednesday ...
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Grand Rapids fire leaves families looking for new homes
Fire significantly damaged two homes on Muskegon Avenue NW in Grand Rapids around 2:00 am Wednesday morning.
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GR Symphony's Holiday Pops to be performed five times
The Grand Rapids Symphony's Fifth Third Holiday Pops presents five festive performances, Dec.
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Girl, 5, hospitalized after raid on Portage meth lab
A 5-year-old southwestern Michigan girl has been hospitalized for decontamination after police found her during a raid on a methamphetamine lab.
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Teen To Be Tried For Murder Times Two
The 61st District Court denied bond for a Grand Rapids teenager already up on a Murder Charge.
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Grand Rapids Police are investigating the shooting death of a 17-year old boy found at Martin Luther King Park.
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One of three brothers accused of cashing annuity checks that were supposed to end when their parents died has pleaded guilty to federal charges of conspiracy to commit mail fraud and money laundering.
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Jailed Grand Rapids man charged with second murder
Brandon Whitby heard the distinctive hum of a stolen moped cruise down Adams Street in August and went to try to recover the scooter peacefully, authorities said.
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Grand Rapids will have its very own ball drop on New Year's Eve. This afternoon, representatives of Citadel radio and Grand Rapids Mayor George Heartwell announced New Year's on the Grand at Rosa Parks Circle ...
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Sewer bills will rise for Grand Rapids and some suburbs
Customers of Grand Rapids' sewer system will see average rate increases of nearly 15 percent next year.
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Police Find Man Shot To Death Inside Vehicle
The Grand Rapids Police Department is asking for your help in uncovering information regarding a Friday evening homicide.
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Man killed by Amtrak train in southwest Michigan
Authorities say a pedestrian has been struck and killed by an Amtrak train in southwest Michigan.
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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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