|
Mortgage Refinancing Help: Michigan
“Fees are a hidden cost of many mortgage loans. By law, lenders must disclose fees within three days of a loan application. Fees can go by many names like - document prep fees, courier fees, administrative fees, and more.
”
|
| |
Mortgage Refinancing Help
: Business: Financial Services: Venture Capital: Regional: North America: United States
: Michigan (5)
 If you have a mortgage, you should keep an eye on rates-especially if you have an adjustable rate mortgage. Getting locked in at a lower, fixed rate can save you hundreds, possibly even thousands, of dollars over the life of your loan.
 Mid-States Capital »
Focus: private placement, subordinated debt, equity financing, business brokerage and angel network.
|
 North Coast Technology Investors, LP »
Investment focus: early-stage technology-driven high growth enterprises in Michigan, Ohio and Indiana.
|
 Arbor Partners, LLC »
Investment focus: electronic commerce and electronic business companies, primarily in Michigan.
|
 Enterprise Development Fund »
Investment focus: start-up, early stage and emerging growth Great Lakes Region companies.
|
 Huron Capital Partners »
Michigan-based equity investment firm focused on investing in growing, profitable companies.
|
|
|
 Carefully review the estimated closing costs. If you decide to lock in the rate, the lender will send you a "good faith estimate" of your closing costs within three days. Go over the numbers carefully, and compare them to the ones that appear on the final settlement statement (the HUD-1) from your previous mortgage.
Ask the lender or broker for a comparison of the up-front costs, principal, rate, and payments with and without this rate trade-off.
Be Ready. After your loan is approved, you'll need to sign your loan documents and provide a check for any out-of-pocket closing costs. Make sure the funds are available in your account, and be ready to make room in your schedule to read and sign your loan documents as soon as possible.
Homeowners who want to refinance but can't because they owe more on their home than their home is worth (also known as "upside down") should focus their time and energy on making more money. Adding a part-time job or starting a side business will bring extra income into the household, income that can be used to make extra payments a mortgage.
|
|