Whether you're buying a new home or refinancing your current one, you can be confident you've chosen the home loan that's right for you. Save time, stress and money with our easy-to-understand home loan choices. We've helped lots of people make life's biggest purchase with confidence. Let us guide you through the process.
Get a great rate and payment on a mortgage that lets you buy a home of your own.
Prequalify Now
By calling 1-248-619-9312
Explore my options:
Easier Route to Mortgages
It is easier than you think to find a mortgage that is just right. Get on the path to purchasing your home today.
First-Time Home Buyers
Get started by figuring out your purchasing power.
House-Hunt with Confidence
All you have to do is make a phone call and answer a few questions. In 10 minutes or less, you will get custom rates and pricing on home mortgages.
Mortgage Options:
Fixed-Rate Mortgage Options
Predictable monthly payments
What people generally like most about a fixed-rate mortgage is that they will know exactly what their mortgage payment will be each month for the entire term of the loan. That is, the payment of interest and principal stays steady because the interest rate is fixed for the life of the loan.
What do you want to learn about fixed-rate mortgages? Choose a topic you're interested in.
Think interest rates could rise in the next few years and want to keep the current rate.
Plan to stay in your house for many years.
Prefer the stability of a fixed principal/interest payment to a payment that changes periodically (which is what happens with an adjustable-rate mortgage)
Qualifying for a longer-term loan can often be easier than for a shorter-term loan, because you do not need as much income.
Adjustable-Rate Mortgage Options
Lower initial interest
You can save at the start of your loan with an adjustable-rate mortgage (ARM) loan. ARM loans provide a low interest rate for an initial payment period, making the initial monthly payments less than those a fixed-rate mortgage usually offers.
What do you want to learn about ARMs?
How an adjustable-rate mortgage impacts payments
After the lower initial rate period, the ARM loan's interest rate will adjust to a fully indexed rate, and it is likely that your rate and your payments will increase. If the rate goes up after the initial period, your monthly payments go up, so you want to be financially prepared to make larger payments.
ARM loans are available for various terms, with 30 and 15 years being popular choices. In addition to the term, ARMs have different
options for how long the initial interest rate will last before the rate can start to adjust. So, for example, you could get a 7/1 ARM, and your interest rate and payment would stay the same for 7 years before being open to annual adjustment.
When you consider ARM loans, find out how and when your rate can change, because those factors will determine how much your monthly payment is.
If you want some personal help with ARM loans or deciding what type of mortgage loan could be best for you, call one of our mortgage loan officers at 1-248-619-9312
Government Loan Options
FHA and VA loans
The Federal Housing Administration (FHA) and the U.S. Department of Veterans Affairs (VA) offer government-insured mortgage loans. These loans have features that make them easier for first-time home buyers to obtain. These features include:
low down payment requirements
flexible credit and income guidelines
To get an FHA or VA loan, you apply through an approved Lender and or Broker. Call our mortgage loan officers at 1-248-619-9312 to learn more about these types of loans.
FHA loan features
Low down payment
No maximum income/earning limitations
Fixed- and adjustable-rate loans available
Insurance from the federal government replaces private mortgage insurance (PMI)
Private mortgage insurance (PMI)
Mortgage insurance provided by a private mortgage insurance company to protect lenders against loss if a borrower defaults. Most lenders generally require PMI for a loan with a loan to value (LTV) percentage in excess of 80%.
Maximum loan amounts vary by county
VA loan features
No down payment loans up to a certain amount for qualified veterans
Fixed- and adjustable-rate loans available
More flexible qualification guidelines than conventional loans
