Portage, MI Mortgage Refinance in Michigan
We make it easy to get the lowest mortgage refinance interest rate in Portage, MI.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Portage, 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 Portage, 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 Portage, 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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Refinance Articles
Reasons to Refinance Now
Beat the Subprime Mortgage Crisis
Return to mortgage refinance in the state of MI
| Portage, Michigan News |
11 apply for opening on Portage school board
Eleven people have applied to fill a vacancy on the Portage Public Schools Board of Education created by the resignation of Trustee Wendy Mazer.
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Hearing set for Portage Public Schools' proposed boundary changes
A map showing the proposed elementary school boundaries for Portage Public Schools will be on display at a public hearing Monday.
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Portage man sentenced to at least 21 years in murder of SUV driver
A man who pleaded guilty to murder for an October 2007 shooting in the parking lot of a Kalamazoo apartment complex was sentenced Monday to 21 to 40 years in prison.
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Safe sleep practices can help prevent infant deaths
"I think they think it can never happen to us," Lorie Peterson said in the couple's Portage home.
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Coordination For Promising Group Fun Spots In Michigan
Are you looking for creative family vacation ideas this year? A fun trip that all ages will enjoy? Perhaps you're interested in an enjoyable vacation time at a lesser-known destination that requires travel.
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More than 120 people in Kalamazoo turn out to support same-sex marriage
Claudio Kaempf, a Porsche Club of America racer from Portage, won a class victory in every single PCA road race he entered this season in his 1970 Porsche 911.
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Guard must change
With the future at stake, current Marshall leaders are combining efforts to train others in the art of leadership.
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No. 2 mall operator warns of bankruptcy
Locally, General Growth owns the RiverTown Crossings in Grandville, The Crossroads in Portage, and is a third party manager of Centerpointe Mall in Grand Rapids.
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Portage school board member Wendy Mazer resigns
Wendy Mazer has resigned from the Portage Public Schools Board of Education, citing time constraints and her frustration because ``the board is taking a direction I can no longer support.'' In her resignation ...
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Portage's new cafe Chocolatea tempts tasters one cup at a time
Polly Kragt holds a cup of tea for Molly Peak, of Kalamazoo, to smell, as Molly's brother, John Peak, looks on at right.
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Black trailblazer to speaktoday at Portage library
A former president of a major historically black college and former vice president of The Upjohn Co.
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Portage plans legal action to extend bike trail
The city of Portage is poised to use eminent domain to acquire land owned by the Sears store at The Crossroads mall for a proposed bikeway extension project.
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Free Smoke Detectors While Supplies Last
Change your calendar pages, your clocks and your smoke detector batteries this weekend...and discover more ways to stay safe from fire.
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Fatal single car accident on 131
OSHTEMO, Mich. A 52-year-old Portage woman has died in an accident on US-131. Shortly after noon Tuesday Debra Lynn Morris was driving northbound on 131 just north of H Avenue.
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Both sides say their candidates will win Tuesday
The talk at a Kalamazoo barbershop centered on hopeful optimism that America is about to elect its first black president.
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Man hit by truck after dispute; driver arrested
A 28-year-old Portage man who police say struck another man with his pickup truck following a dispute was arrested Sunday on suspicion of felony assault, authorities said.
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Long Thompson to make stop in Portage, Michigan City
Democratic candidate for governor Jill Long Thompson will be joined by lieutenant governor candidate Dennie Oxley, attorney general candidate Linda Pence and actor Sean Astin Sunday during at campaign stops in ...
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Kalamazoo man charged in weekend shootings
A 34-year-old man wanted in connection with two shootings Saturday in Pavilion Township was arrested Tuesday by police in Portage, authorities said.
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Daughter pleads guilty to murder
A Portage woman accused of killing her mother last year pleaded guilty Tuesday to second-degree murder but mentally ill.
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Officials: fire caused by cigar or cigarette
A cigar or cigarette discarded on a cushion is believed to have ignited a fire Monday night that damaged an apartment unit off of South Sprinkle Road, authorities said.
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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