Why You Need a Michigan Mortgage Broker and How to Find One…

Why Do You Need a Good Michigan Mortgage Broker?

Mortgage brokers like Michigan Mortgage Solutions work with buyers as well as home owners that want to refinance an existing mortgage. Contacting a mortgage professional helps to ensure borrowers are getting the best advice and loan possible. Brokers provide very valuable services that make buying or refinancing a home simple, while making sure you get the best mortgage rate based on your finances and credit score.

What Services are Provided by Mortgage Brokers?

Not all mortgage brokers are created equal but the services offered should be very similar. This includes securing an affordable mortgage rate based on your personal circumstances and budget, completing the processing of all documents required for the mortgage, arranging for a fair market value property appraisal, and clearing any lending conditions prior to the loan closing. Your mortgage broker is there to make sure your needs are taken care of through every step of purchasing a house or refinancing your existing mortgage.

A good place to determine a mortgage brokers worth is online. The Internet is a powerful research tool you can use to browse various mortgage companies and brokers. Most lenders provide detailed information on what mortgage services they provide as well as reviews from past clients. In many cases there is a helpful mortgage calculator available which you can use to estimate your monthly payment based on different percentage rates and mortgage options. This allows you to make an informed decision on what price range translates to in an affordable monthly payment.

However, mortgage calculators are only as good as the data entered into them. What I mean is that simply entering the purchase price, your down payment and an interest rate is only going to give you part of the monthly payment. You will also need to know the homes yearly property taxes, how much your home owners insurance will cost yearly, and also how much you will be required to pay in Private Mortgage Insurance or PMI for short.

You can typically get these numbers from your mortgage broker but it’s important to know whether they are using actual numbers or estimates as this will have a definite impact on your monthly payment as well as your closing costs. At Michigan Mortgage Solutions we don’t use estimates and prefer to work with real numbers which allows our clients to know right away if the property in question is right for them and their budget. As I mentioned earlier, not all brokers are created equal and you don’t want to learn this the hard way. Call (248) 674-6450 today if you have any questions about mortgages or if you’d like to get pre-approved.

It’s Best to Work With Expert Mortgage Brokers…

We are experts at assisting people secure the very best home loan available. Regardless, if your credit score has a few negative items on it or is excellent, Michigan Mortgage Solutions will deliver outstanding customer service. Our goal is to help you achieve your dream of owning a home or reducing your monthly mortgage payments to save money. It is recommended by many personal finance experts to contact different brokers with your questions before deciding on one. You can do this by phone, email, or by scheduling an appointment to discuss your home loan needs.

We’re Dedicated to Making The Mortgage Process as Easy & Stress Free as Possible!

Today’s current real estate market is a perfect time to buy a new home or refinance your current loan. Contacting a mortgage broker is a great way to move from being a renter to a homeowner. They can guide you through entire lending process, while simplifying the paperwork associated with applying and securing a home mortgage. Mortgage rates are at some of their lowest in years. Make sure to do your research when choosing a Michigan mortgage broker or simply call the best at (248) 674-6450 and we’ll get you taken care of.

Your 5-Star Mortgage Experience Includes…

  • A no-cost/no-obligation pre-approval…
  • Find out how much you can borrow…
  • Answers to your questions 24/7…
  • Access to our awesome mortgage app…
  • Access to the lowest rates possible…
  • Unparalleled customer service…

 

Call (248) 674-6450 For an Instant Pre Approval

Michigan Mortgage Solutions

Michigan Mortgage Solutions

Michigan Mortgage Solutions offers a variety of mortgage programs to suit your needs. FHA Loans, Conventional Loans and VA loans are just some examples. For experienced homeowners looking for cash out or refinancing options there is help available as well with the offer of an FHA streamline loan option that can be completed in 10 days! Michigan Mortgage Solution has something to offer every customer; whether you’re a first time home buyer or seasoned veteran our team will find the right Michigan mortgage solution for you!

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