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Information provided by MI Mortgage Loan. MI Mortgage Loan is the mortgage company of choice in Michigan. As licensed mortgage brokers MI Mortgage Loan can provide the lowest interest rates on mortgages and home loans in Michigan. We shop over 250 lenders to guarantee you the best terms for refinance loans, 2nd Mortgages, Debt Consolidation, home improvement and home equity credit line loans and pre-qualifying 1st time home buyers for a MI home loan.
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Interest Rates - GPM - Graduated Payment Mortgage
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The Graduated Payment Mortgage, or GPM, is an alternative to the conventional ARM. It is somewhere between the ARM and a fixed rate mortgage, meaning that the GPM is fixed and adjustable at the same time. For the length of the year it is the same rate, but the next year may be a different rate depending on the market. Most GPMs come in fifteen and thirty year mortgage loans at a rate of .5 to .75 percent higher than a standard fixed rate. A GPM prolongs a typical loan and inceases as much as fifty percent by the time the final payment is payed. For more questions on a GPM and how they can benefit you, contactMI Mortgage Loan .com today
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| Refinance
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Even a small rate cut can pay off quickly! There are ways to save money refinancing. We can help if you would like to stay in the house for 1 year to 30 years. We have specific programs designed to fit your needs. Call a representative today to see what program fits you best. More MI Refinance Information
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| FIRST
TIME BUYERS |
We design our first time buyer loans to make it easy to become a homeowner. There are many programs to choose from depending on your unique situation. Some programs offer low interest rates, easier qualifying or both. Call one of our first time buyer specialists to see what fits your needs. More MI First Time Buyers Information
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| DEBT
CONSOLIDATION! |
Our debt consolidation services
can help you rest peacefully at night, by offering you
a well rounded suite of solutions, custom tailored to
fit your personal financial needs.
Our reliable and efficient debt consolidation services will assist you in taking a new step towards becoming debt-free. More MI Debt Consolidation Information
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