Stanwood, MI Mortgage Refinance in Michigan
We make it easy to get the lowest mortgage refinance interest rate in Stanwood, MI.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Stanwood, 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 Stanwood, 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 Stanwood, 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
| Stanwood, Michigan News |
Frieda Selfridge
Frieda E. Selfridge, 87, of Stanwood, died Wednesday, Nov. 5, 2008, at Altercare of Big Rapids.
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Driver helps bicyclist after hitting him
A driver crashed into a bicyclist and then helped the rider after the accident. It was around 7 a.m. Wednesday when the incident occurred on Northland Drive north of Lincoln Road near Stanwood.
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Environmental activist jailed before sentencing
An environmental activist likely facing 20 years or more in prison for arson at Michigan State University is in jail after a prosecutor feared she might flee before her sentencing in February.
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Morley/Stanwood Elementary welcome a dozen sets of twins at the start of the school year.
In today's Back to School report, we head to Morley elementary school near Big Rapids.
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Golf resort builders pony up own funds
Developers are most comfortable when they're working on a sure-shot development, using other people's money.
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8/25 - Fire Destroys Mecosta County Farm House
Hide Video A farm house is destroyed and there's still no cause for the fire that took it down.
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Tullymore shows off new $7 million clubhouse
Redevelopment of Tullymore Golf Club near here has been launched in a dramatic way, with a $7 million clubhouse with dining, banquet space and fire pits overlooking the 18th hole.
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Mecosta restuarant and ice cream shop fire
The fire started just before 11:30 Wednesday night at Stanwood Pizza and Ice Cream.
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8/7 - Fire Destroys Two Mecosta County Businesses
A raging fire destroyed two Mecosta County businesses just hours ago. It took ten departments to put out the flames that took out a pizza shop and a dollar store.
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100 firefighters douse Stanwood blaze
More than 100 firefighters were needed to put out a massive blaze that destroyed a Mecosta County business.
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Stanwood Elementary renovation gets push in Hempfield Area
Hempfield Area school directors could vote as early as this month to renovate Stanwood Elementary School and delay improvements at Wendover Middle School and the high school.
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Video Glyph
Hundreds of people came together in one Mecosta County community to remember Bob Ellison.
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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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