Home Refinancing Detroit MI

Homeowners can apply for home refinancing, meaning they can get an entirely new mortgage on their home. This can be advantageous when mortgage interest rates fall below what they were when the original mortgage was taken out. This will result in lower payments and savings over the entire life of the loan. But homeowners must meet certain criteria before they can refinance; homeowners’ credit file will be reviewed, and a title report along with a report on liens on the property will be done, among other things, when the homeowner is going through the application process.

Detroit Commerce Bank
(313) 967-9700
645 Griswold Suite 70
Detroit, MI
Gmac Mortgage LLC
(313) 667-1690
100 Renaissance Center
Detroit, MI
Health One Credit Union
(586) 756-0515
600 E Lafayette Blvd
Detroit, MI
Premier Mortgage Funding Inc
(313) 842-2555
1824 Springwells St
Detroit, MI
Global Mortgage Inc
(313) 581-0000
14650 West Warren Suite 200
Dearborn, MI
Amstar Mortgage Corporation
(313) 931-2400
950 Marston St
Detroit, MI
First Independence Bank
(313) 256-8400
44 Michigan Ave
Detroit, MI
Community Central Mortgage Co LLC
(313) 228-0600
8748 Vernor Way
Detroit, MI
Dynamic Mortgage Inc
(313) 846-7000
13614 Michigan Avenue
Dearborn, MI
Ark-la-tex Financial Services LLC
(214) 420-2700
13750 Michigan Ave
Dearborn, MI
Opinion Corner
People in Michigan shared their opinions about Home Mortgage
Do you own or rent a home?
Own: 59%
Rent: 29%
Other: 10%
The recent credit crisis seems to have affected everyone. How has it affected you?
I have lost my home: 7%
I have had to downgrade my home: 10%
I am living paycheck to paycheck: 30%
I have eliminated some of my expenses in order to keep my home: 25%
It has not affected me: 27%
Other: 0%
What is the value of your house in relation to your outstanding mortgage?
I am in the red: 41%
I have some equity in my home: 30%
I own my home outright: 19%
I have no idea: 8%
Other: 0%
Have you been able to take advantage of the lower interest rates and refinance your mortgage?
Yes: 34%
I have tried but have not been successful: 34%
No: 31%
Have your savings/retirement funds been affected?
No, haven’t touched my savings/retirement: 46%
Yes, they were slightly affected: 33%
Yes, they were significantly affected/drained: 20%
Source: Survey.com