Your equity position and strength of credit history determines your ability to refinance. Researching home values through Realtors or Appraisers may give you good insight of your position. Many people are taking advantage of low rates to convert from an adjustable rate to a fixed rate. Refinancing often can allow for consolidation of debt, reducing the term of your loan or eliminating mortgage insurance.
A Loan Officer can guide you through the steps of a refinance. Make the call to Michigan United Mortgage today!