Traverse City, MI Mortgage Refinance in Michigan
We make it easy to get the lowest mortgage refinance interest rate in Traverse City, MI.
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, Traverse City, 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 Traverse City, 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 Traverse City, 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.
|
Mortgage Refinance Calculators
Mortgage Payment Calculator
Refinance Savings Calculator
Refinance APR Calculator
Refinance Points Calculator |
Refinance Articles
Reasons to Refinance Now
Beat the Subprime Mortgage Crisis
Return to mortgage refinance in the state of MI
| Traverse City, Michigan News |
Traverse City hotel owner sentenced for damaging bottomlands
A Traverse City hotel executive has been placed on probation and ordered to do conservation work for damaging protected Great Lakes bottomlands.
|
Forum: Proper refuse disposal is crucial
I received this report from my seventh-grader, Logan, who attends The Pathfinder School.
|
Traverse City: A History In Photos
Photos published in conjunction with our ongoing history series celebration the Record-Eagle's 150th Anniversary.
|
Traverse City, Mich. / Reworking of lakes compact discussed
Critics of a water compact negotiated by the Great Lakes states are convening today in Traverse City to discuss their options.
|
Forum: City manager selection process faulty
Thank you Record-Eagle for your Nov. 7 editorial, " TC's selection process didn't instill confidence ." Your editorial comments were right on the mark -- in fact, the headline understated the situation ...
|
11/13 - Amidst All The Bad Economic News, Clark Manufacturing in Traverse City is Expanding
With all the bad economic news, a Northern Michigan Company is actually expanding.
|
More Traverse City Michigan
Very nice shots...they look very peaceful. Not sure I'd have the patiences to do the last one... not the 2k to buy it.
|
Photo taken in Cass Street bowling alley?
Traverse City resident Rose Bolek responded to a request for information about the Traverse Area Historical Society archive photo that appeared Nov.
|
How Traverse City Voted
Ballots cast in last week's general election reflected Traverse City's support of Democratic candidates and Grand Traverse County's backing of Republicans, with few exceptions.
|
Traverse City gun store owner apologizes to community
I'd be remiss in not pointing out that the owner of the Traverse City gun store that employed dude who dropped the 'n'-bomb in described Barack Obama has not just profusely apologized to his community, but ...
|
Portion of Park Place evacuated after fire
Part of the Park Place Hotel downtown was evacuated after a fire ignited in a clothes dryer.
|
Suspected norovirus sickens Michigan students
About 80 students at Hope College in Holland have become sick with a stomach ailment that may be norovirus.
|
: Gun shop fires employee
Officials at a local gun and lock shop fired an employee for flying the American flag upside down as a political statement and using a racial slur to describe President-elect Barack Obama, they said.
|
11/6 - Blair Elementary School near Traverse City Closed Friday Due to Norovirus Outbreak
The Norovirus sickened dozens of students at Blair Elementary School in the Traverse City Area Public School District.
|
Coasties help rescue hunters lost in Upper Peninsula
NEWS RELEASE UNITED STATES COAST GUARD ************************* Coast Guard, Michigan Department of Natural Resources rescue two hunters MANISTIQUE, MI - The U.S. Coast Guard and the Michigan Department of ...
|
: Election Day Update
Schumacher said the clerk's office called for the sheriff's department to send a cruiser after a precinct worker reported voters were complaining about protests around 8 a.m. or 8:30 a.m. this morning.
|
Letters At Issue: Nov. Elections:
I believe the majority of us work for a small business. Small businesses are the heart and soul of this country.
|
Locals get ready for historic election
Laura Staubes is a registered Republican, but she crossed the aisle this year to support Democrat Sen.
|
Photo Gallery: Local election shopping guide
Your local shopping guide to the '08 election. Record-Eagle/Vanessa McCray "Mommy for McCain" shirts are sold at Preggers on Union Street in Traverse City.
|
27th Annual International Submerged Lands Management Conference in Traverse City
Keeping on top off issues dealing with land below the water's surface - that's the focus of an event in Traverse City.
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
|
|
|
|