Are You Looking to Refinance Your Home in Michigan?
We’re Dedicated to Making The Refinance Process as Easy & Stress Free as Possible!
- A no-cost/no-obligation mortgage review…
- Find out how much you can save…
- Answers to all your questions 24/7…
- Detailed & accurate breakdown of costs…
- Access to the lowest rates possible…
- Unparallelled customer service…
Don’t Apply For a Home Loan Refinance Until You’ve Read These Tips…
Taking out a home loan refinance may the one of the most important steps you can do in your life as a homeowner. Managed correctly, a refinance can ease the need for cash and help you get your finances back into shape. But if you aren’t careful, a refinance can mean a period of financial burden for you and your family. You could take better control by ensuring that the refinance is handled by a proven expertÂ and that you get the best terms possible.
Here are some quick tips:
Take care of your credit.
Your credit score is the single biggest indicator of your habits as a consumer and a gauge by which your reliability as a borrower will be judged. If your credit score is high, the lender will see that you are quite capable of meeting your obligations and pose a lower risk as a borrower. As such, the lender will more likely offer you a refinance with a lower interest rate. Conversely, a low credit rating will tag you as a high-risk borrower, particularly if you show a spotty credit history. The less risk you pose for the lender, the better home loan refinance terms you’ll get.
Keep your payments regular.
If you’re still in the planning stages of refinancing, get your credit in shape months before you apply. A record of regular, on-time payments will give you a better leverage to negotiate better terms for your home loan refinance.
Show your capability to pay.
A refinance will basically get you a loan on top of an existing loan. A lender will want to know how you will be able to pay back this new loan, which means they will likely demand proof of your earning capacity. Before applying for a refinance, prepare copies of documents that show your income, such as paycheck stubs, income tax returns, receipts and W2 forms. Without documentation, the lender will not be able to offer a detailed and accurate refinance proposal.
Check out your options when it comes to a home loan refinance…
Never settle for just one or two options and always seek out the best home loan refinance rates from 3 to 5 lenders so you can compare. Ask for quotes that include the interest rate, prepayment penalties and closing costs, among others. Information such as this will help you determine which refinance offer is the best choice for you. Don’t focus justÂ on the new rate since this doesn’t paint an exact picture of the deal. Look at the long-term effect of the loan. Don’t be afraid to ask questions from your lender, particularly about the figures on your new refinance terms. The more you understand the financial impact of a home loan refinance, the better you can make an informed decision.
Designed with ease of use and accuracy in mind
Most mortgage calculators force users to input unknown data like mortgage rates or mortgage insurance. Without the correct data these calculations become worthless. Our app populates this data for the user based on up to date mortgage rates and accurate mortgage insurance quotes based on loan product and credit score.
Buit-in convenience within the admin area
The app has a really cool admin area that allows you to securely scan and send important mortgage documents right from your phone. No need for a fax machine or a scanner when our app will do the job.
Install on your phone for easy access 24/7
Our mortgage app can be installed by simply entering your mobile number and opening a text. Once installed, you’ll have full access to the app and be able to perform unlimited mortgage calculations for any available mortgage product. This allows you to accurately compare different mortgage products on the go.
All mortgage calculations are saved
You can review any of your previous mortgage calculations from within the app. This makes it easier to compare different mortgage programs as well as other loan parameters. This can save you from running the same numbers over and over again.