Ray, MI Mortgage Refinance in Michigan
We make it easy to get the lowest mortgage refinance interest rate in Ray, MI.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Ray, 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 Ray, 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 Ray, 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
| Ray, Michigan News |
Striving to preserve farmland
Houses and strip malls may still be in the lead when it comes to development in northern Macomb County, but farmland is about to score one.
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$500,000 awarded to firefighters dismissed for complaints in flyer
Before four Macomb Township firefighters vocalized public safety concerns, they were hailed as model employees with no disciplinary record.
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Sheriff department cuts target northern communities
Agencies like the Michigan State Police and other local police agencies will help the Macomb County Sheriff Department respond to emergency calls.
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'The real deal'
Holding the key that will open doors for many adults with special needs is Special Dreams Farm President Larry Collette, his son Greg who inspired the project, and his wife Mary, treasurer and prime motivator.
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Program honoring 100-plus year history to go nonprofit
Farming has always been important in Macomb County, but something even more rooted is continuing to be preserved: family.
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Ray Blush, left, provides resume assistance at the Job Seekers Networking Group in Brighton.
It's shortly after noon on a crisp Friday and a steady stream of unemployed Metro Detroiters flows in and out of the Michigan Works! Employment and Resource Center in a strip mall on Nine Mile in Ferndale.
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Time for change in Washington, Bruce townships
A busy election season wrapped up Nov. 4 as more than 70 percent of the registered voters in Washington and Bruce townships, and Romeo made their voices heard at the polls.
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Man charged with 2-year-old crime
A 24-year-old New Baltimore man was arraigned today for a crime police said he committed more than two years ago.
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Macomb County news briefs: Roseville law for parking in winter changes
A new ordinance will prohibit residential street parking from 9 a.m. to 4 p.m. weekdays whenever there is snow or ice on the ground.
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Candidates speak on RCS board relations
Candidates vying for two positions on the Romeo Community Schools Board of Education believe they could improve relations within the board.
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Sheriff's Office hours cut
Budget issues at the county level may translate to safety issues at the local level.
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Charter commission candidates
DIST. 13 GARY S. ANTHONY Occupation: Retired attorney. Government, Professional and Political background: I served as attorney for townships of Bruce, Chesterfield, Ray and Washington for approximately 26 ...
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Northern Macomb towns brace for cuts in patrols
Residents and officials are worried about the potential for more crime and reduced police response times now that budget cuts will limit sheriff's patrols in northern Macomb County.
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Macomb County votes to slash 4 of 9 deputies in north suburbs
Residents in northern Macomb County will see fewer deputies patrolling the streets next year thanks to cuts approved today to eliminate four of the nine deputy posts dedicated to that area.
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Something to Talk About: Mom hopes her fitness goals set healthy example for her family
The difference between runner-up and champion, Trish Rizzo figures, will be shoulders that look a little rounder and a derriere that sits a little higher.
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Macomb couple arrested for stealing, selling vacuums
An August surveillance video revealed a Macomb Township woman walking out of a local Target store with a $500 vacuum she did not pay for, with small children at her side - something she allegedly did more than ...
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Leaders plotting development of SmartZone
Fresh off the success of securing a coveted SmartZone designation in Blackman Township, local leaders are wasting no time.
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Metroparks to auction equipment on Saturday
The Huron-Clinton Metroparks system will hold its surplus equipment auction Saturday, selling off a large collection of vehicles, golf carts, lawn equipment and other material.
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4-H to offer Canine Good Citizen evaluations
The Macomb County 4-H Companion Animal Program Committee will offer American Kennel Club Canine Good Citizen evaluations on Oct.
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WBRW call-in show on Oct. 6
Channel 6 WBRW will air a live television call-in forum between the candidates for the Romeo Community Schools Board of Education, 7 p.m., Monday, Oct.
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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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