Michigan Mortgage

Should I pay off my mortgage or not?!

If I were a customer of mine today I would be asking my mortgage broker, “Hey, Evan! What happened? Why the change? Should I pay off my mortgage or not!?” I would be asking for an answer. I wouldn’t let me off the hook…

Why Bother Refinancing – II

I’m thinking about selling my home soon and moving out of the area. Should I bother refinancing?

This client of mine (Joe again) is in a $250,000 mortgage that I wrote for him in 2006, it was a 15 year fixed rate loan and his rate is 5.875%. He put plenty of money down at the time and since he has been making payments on a 15 year clip, he has enough equity in his home in order to qualify for a mortgage right now even though home values have dropped in his neighborhood. The appraisal would only…

Fear Mongers and Adjustable Rate Mortgages

This post is excellent advice if you are in an Adjustable Rate Mortgage.

I was recently contacted again by a gentleman who is in an Adjustable Rate Mortgage – he is getting concerned about the situation and what could happen if inflation rises and/or rates rise.

There seems to be a lot of fear about this in many households. If you have an ARM type loan and your current loan balance is higher than your home is worth, you may not qualify for any of the wealth redistribution programs out there – so what can you do? …