Top 5 Things You Need to Know About Refinancing Your Home Loan in Michigan
Refinancing your home loan in Michigan can seem like a big puzzle but understanding a few key things can make the whole process much clearer and easier. With my 25 years of experience helping homeowners in Metro Detroit and across Michigan, I want to share the top 5 things you really need to know before…
Read MoreCommon Refinancing Mistakes to Avoid in Michigan
Refinancing your home in Michigan can be a fantastic way to save money or reach your financial goals. But just like anything important, there are some common mistakes homeowners make that can cost them time and money. Knowing what to watch out for can help you have a smooth and successful refinance experience. Here are…
Read MoreRefinancing Your Michigan Vacation Home or Investment Property
Prior posts have addressed refinancing your primary home – the place you live in every day. But what if you own another property in Michigan, like a cozy cabin up north in Kalkaska, a lakeside cottage Lewiston, or a rental property in Melvindale? Can you refinance those too? The answer is usually yes, but it’s…
Read MoreRefinancing and Divorce in Michigan: A CDLP’s Perspective
Going through a divorce is one of the toughest things anyone can face, and when a home and a mortgage are involved, it adds another layer of complexity. As a Certified Divorce Lending Professional (CDLP), I spend a lot of time helping people in Michigan figure out their home loan options during this challenging time.…
Read MoreMichigan Home Improvement on a Budget: Leveraging a Smart Cash-Out Refinance
Dreaming of a brand-new kitchen, an updated bathroom, or finally finishing that basement in your Michigan home? Many homeowners want to upgrade or update spaces in their homes, but are unsure how to pay for them. That’s where a cash-out refinance can become your smart budget partner! As we talked about before, a cash-out refinance…
Read MoreCosts of Refinancing in Michigan: What to Expect:
You’ve got your eye on a refinance, and that’s smart! Just like when you bought your home, refinancing isn’t free. There are certain costs that get incurred, often called “closing costs,” that either you or the lender, or ca combination of both, will need to pay. Don’t worry, though – understanding these costs upfront helps…
Read MoreUnderstanding Loan-to-Value (LTV) and Home Equity in Your Michigan Refinance
When you’re looking to refinance your home in Michigan, you’ll hear two important terms a lot: Loan-to-Value (LTV) and Home Equity. These two terms are super important because they often decide if you can refinance, what kind of loan you can get, and even the interest rate you’ll pay. Let’s break them down simply. What…
Read MoreThe Impact of Credit Scores on Michigan Refinance Rates: Tips for Improvement
When you’re thinking about refinancing your home here in Michigan, you’re probably focused on getting a better interest rate. And guess what? One of the biggest things that affects the interest rate you’ll be offered is your credit score. Think of your credit score like a financial report card. It’s a number that lenders use…
Read MoreUnderstanding Your Refinance Options in Michigan: Rate & Term vs. Cash-Out
So, you’re thinking about refinancing your Michigan home? That’s great! Now, let’s talk about the different ways you can do it. There are two main types of refinancing that most homeowners in Michigan choose: Rate & Term Refinance and Cash-Out Refinance. Understanding the difference can help you decide which one best fits your goals. 1.…
Read MoreIs Refinancing Right for YOU? A Michigan Homeowner’s Checklist
Thinking about how to save money in your household? Maybe you’ve heard the word “refinancing” and wondered what it means. Simply put, refinancing means taking out a new home loan to pay off your old one. But why would you want to do that? For many homeowners right here in Michigan, refinancing can be a…
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