Refinancing: The process of paying off an existing loan by taking a new loan and using the same property as security. Homeowners may refinance to reduce their mortgage expense if interest rates have dropped, to switch from an adjustable to a fixed rate loan if rates are rising, or to draw on the equity that has built up during a period of rising home prices.
At Michigan Mortgage, our goal is to provide the best possible mortgage experience in a fun and friendly environment. We’re here to answer your questions and aim to make the process stress-free.
If you’re interested in refinancing your current mortgage, fill out the form below and we will get in touch with you.