Lansing, MI Mortgage

Why Bother Refinancing – IV

I’ve almost done with my debt snowball and will be working on my mortgage next. I should be able to pay off my entire mortgage within the next 7 or 8 years. Should I even bother with a mortgage right now?

Since we have been working with Churchill Mortgage out of Tennessee, we have had the pleasure of speaking with listeners of the Dave Ramsey Radio Show. He airs all over the State of Michigan and when his customers call the only mortgage company that Dave has ever endorsed they call Churchill Mortgage.

Churchill mortgage has to decide how to handle changing call volume and difficult states…

Why Bother Refinancing – III

My rate is 5.75% now and I don’t think it would be worth my while to refinance.

This client, like so many are able to refinance because of the “open access” and “plus loan” programs that are available but because their current rate is not real high and because of the pricing adjustments these programs come with, the value of refinancing might be squeezed out.

This client has…

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…

Why Bother Refinancing – I

Appraised value may not be enough – should I take the risk?

I made this one first because this conversation is at least a part of nine out of ten discussions with clients who are evaluating a refinance.

Mr. Client (Joe) called in and said that he owed 150,000 on his mortgage. We ran the numbers and a refinance would definitely be very beneficial. He had an interest rate of 6.75% right now…

Why Bother Refinancing – Series

There are many articles being written right now that are highlighting the fact that interest rates are at all time lows but home owners are not making application for new mortgages at as high of numbers as one might think.

The reasons given for this are many and varied…