Home Refinancing Sterling Heights 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.

Community Bank-of-dearborn
(313) 274-1000
22290 Michigan Ave
Dearborn, MI
 
Mortgage One Incorporated
(586) 323-7500
43456 Mound Rd
Sterling Heights, MI
 
R-b Financial Mortgage Inc
(586) 254-8435
44028 Mound Rd Ste 3
Sterling Heights, MI
 
Towne Mortgage And Realty Co
(810) 979-2100
13325 East 14 Mile Road
Sterling Heights, MI
 
First Horizon Home Loan Corporation
(586) 254-8670
12900 Hall Rd Ste 130
Sterling Heights, MI
 
Premier Mortgage Lending LLC
(586) 803-0800
42140 Vandyke Suite 170
Sterling Heights, MI
 
Continental Mortgage Corp Usa
(810) 977-7055
4455 Metro Parkway Suite 1
Sterling Heights, MI
 
American Home Financial Corp
(586) 219-1160
15025 Lockwood Ct
Sterling Heights, MI
 
Source One Mortgage Corp
(586) 939-5444
12315 14-Mile Road
Sterling Heights, MI
 
Great Lakes Mortgage Funding Inc
(586) 532-0600
14460 Lakeside Cir Ste 180
Sterling Heights, 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