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 – 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 – 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…

Toxic Adjustible Rate Mortgages

Lets face it, these loans have more moving parts than a Swiss watch and most of them should never have been written – I will even include some of the ones I wrote. Not so much that the product is so scary, but because the uncertainty is more than many want to live with day to day. Be that as it may, some are still in this deal and we should keep a level head about things. They still need good advice…