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How Do You Find The Best Michigan Mortgage Lender?

Best Michigan Mortgage Lenders and BrokersThere are so many Michigan mortgage lenders that it can be hard to know which one to approach for a home loan and which is best for you. There are banks, credit unions, mortgage brokers and mortgage lenders which all can provide you with a loan to purchase a home. However, choosing which one is best suited to help you really comes down to you doing your research.

At Michigan Mortgage Solutions we pride ourselves on our 5-Star Reputation and encourage all of our potential clients to research us with the Better Business Bureau, the State of Michigan, and also on sites like Google or YELP. Our clients truly love us and have no problems bragging about it!

We'd truly love to earn your business but we realize you may want to conduct your research first. For this reason, we've laid out some tips to help you find the best Michigan mortgage lenders for your needs. Most of these tips will lead you back to us because we truly are the best lender in Michigan.

Find A Michigan Mortgage Lender

1. Working With a Michigan Mortgage Lender You Already Know

Many borrowers prefer to work with those they already know. If you have an account at a bank or credit union, then applying there for a home loan may be a good place to start. Credit Unions are often eager to help their clients and sometimes offer special deals for those who have an account. However, brokers and lenders will have more wiggle room when it comes to the fees related to the loan.

Try to avoid internet based mortgage lenders without a local Michigan office you can visit. Internet based lenders often lure you in by offering very good initial terms and interest rates, but many of these lenders are often fraudsters who are just out to get a hold of your financial information and take you to the cleaners.

You should also avoid lenders who have contacted you unsolicited, especially if these lenders are offering terms and interest rates that seem 'too good to be true'. Stick with lenders that you have researched and know are genuine.

2. Researching the Best Michigan Lenders Using Google and the BBB

As mentioned earlier, it's important to research any Michigan lender you choose including Michigan Mortgage Solutions. I've found that it's actually easiest to research companies using a combination of Googles search engine and the Better Business Bureau.

It's really simple to do this research because all you need to do is go to Google and type in the companies name and the word "reviews". So for us, you would type "Michigan Mortgage Solutions reviews" and that will pull up all of the customer reviews for us on sites like Google+, YELP, Yahoo, BING, and many other local directories. Then all you need to do is read the reviews and determine if you'd like to work with the company you Googled.

Sometimes you may have to add the city and state of where the company is located to your search query. For example, we're located in Pontiac so you would type "Michigan Mortgage Solutions reviews Pontiac Michigan". This isn't always necessary but some lenders have multiple branches and you want to make sure you pick the right one so you get relevant reviews to whom you're working with.

When searching the Better Business Bureau you won't be able to read any customer reviews but you'll be able to learn a lot about the company. Each company has a grade similar to the grades you used to get on your report card. A+ is the highest rating and Michigan Mortgage Solutions has carried an A+ rating as an Accredited Business since 2008.

Find A Michigan Mortgage Lender

3. Which Michigan Mortgage Brokers Help Those With Troubled Credit?

If you have poor or bad credit, then be aware that many lenders will not consider your application. However, Michigan Mortgage Solutions specializes in helping those with challenges. We will provide you with a road map to a better score and you'll just have to follow the directions to get there.

In fact, most of our credit challenged borrowers are ready to get a mortgage loan within six months of starting with us. Depending on your specific issues, we work with a few reputable companies that will assist in removing incorrect information from your credit report in an expedited manor. These are fee based companies but we are able to offer a corporate discount to our clients which makes it incredibly affordable.

Good credit can literally change your life and we'd like to help you make that change. If you want help or you have questions that have yet to be answered please call (248) 674-6450 immediately. Our goal is to earn your business and I promise you when you contact us you will not be disappointed.

4. Will Some Michigan Mortgage Company's Give Me a Better Deal Than Others?

While calling a number of lenders to see which one will offer the best terms and best interest rates is a good idea, do not forget that your rate mostly depends on you. There are so many factors that go into determining your interest rate and closing costs that you'd be hard pressed to get similar quotes from 10 different lenders. Most advertised mortgage rates are complete "B.S." and unless you have a property address, the closing costs will all be just an estimate at best.

The problem with estimates is the word itself allows any lender that quotes you to say "it was only an estimate" when you question why your fees or rate is higher than quoted. On top of it being just an estimate, the majority of mortgage lenders are incredibly bad at estimating important numbers like escrow accounts. Establishing an escrow account is typically one of the highest costs when getting a mortgage and bad calculations can be off by thousands of dollars.

At Michigan Mortgage Solutions, we tend to be math nerds and always like to use real numbers when figuring out rates and closing costs because these are very important numbers when planning your closing date or even constructing your offer. Knowing how much you'll need to close can help you structure your offer to get the seller to cover the costs you might not be able to. This can be the difference of getting approved to buy the home of your dreams or getting denied.

Don't get denied because your lender is bad at math. In fact, run away from any lender who is bad at math because they will cause you unneeded stress and potentially cost you thousands of extra dollars.

Find A Michigan Mortgage Lender


  • Jeff
    December 13, 2015

    I am aware of my credit problems that were incurred during my previous marriage. I am currently going through my report and cleaning it up but thought id seek expert advise on any tips. I’ve been contacting companies on my credit report and getting payoffs for them and have cleared a few. is there a better process ?
    I’m remarried and have gained custody of my 2 children, and need to find a home for us by April 2016 do to our lease is up.

  • Trevor Sines
    December 14, 2015

    Jeff, please call our office at 248 674-6450 as paying off certain debts can actually hurt your credit score. We will give you a detailed plan of action for you to reach your goal of homeownership by April. We are available Monday through Friday from 9am to 6pm. You can email us as well but you’ll get a faster response with a phone call.

  • LV Martin
    July 4, 2016

    I am a real estate investor. I would like to refinance a rental property to repair a roof and increase cash flow for additional investments.

  • Trevor Sines
    July 5, 2016

    Sounds like a solid plan but it will require equity in the property as well as proof of income. If real estate investing is your primary source of income, we will need to review your tax returns for the past two years to determine your monthly income. As long as the income keeps you within a qualifying debt ratio, you will be able to cash out up to 75% of the appraised value. Call our office at 248-674-6450 for more information.

  • December 31, 2016

    Originally, I was a mid 600’s but currently I have bad credit mid 500’s roughly 10 collections due to an almost divorce need to purchase a home by May no later than June. Income is good and debt to ratio is good too. My wife and I are wanting to correct issues on our credit to put us in a buying position soon. Every credit building place wants tons of money but not really helpful and now trying to gauge others are hard which we just want to live the American dream for our children.

  • Trevor Sines
    January 3, 2017

    If you do things properly buying a home in May is a very realistic goal. However, it really depends on what types of accounts are in collections as well as if you have any current credit cards or installment loans in good standing. Moving your score from the 500’s to the mid 600’s is relatively easy if you have a solid plan in place. Call our office at 248-674-6450 and we can help you put the proper plan in place and it won’t cost you a thing. In the meantime, I’m going to suggest yo visit the following links on our website to learn more about improving your score; Fixing bad Credit – Building Good Credit –