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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A mortgage assumption allows one spouse to take over the existing mortgage without changing the loan terms. This means the interest rate, loan balance, and monthly payment stay the same—only the responsibility for the loan changes. However, not all mortgages are assumable, and there are two types of assumptions to consider in divorce cases: Qualified…

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caution sign for floor with image of person slipping

Refinancing your mortgage can be a smart financial move, but it’s not without its potential pitfalls. As a mortgage lender serving Metro Detroit, I’ve seen homeowners make certain mistakes that could cost them time, money, and peace of mind. To help you avoid these missteps, I’ve compiled a list of the five most common refinancing…

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wooden block letters spelling out refinance

If you’re a homeowner in Metro Detroit, refinancing your mortgage could be a great way to optimize your financial situation. As a mortgage lender with years of experience helping homeowners like you, I’ve seen firsthand how refinancing can lead to significant savings and financial flexibility. But how do you know if it’s the right time…

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