Home Refinancing in Michigan

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Refinancing your home today requires the experience of an expert in the mortgage field. Our experts are here to guide you successfully through the process and achieve your financial goals.

Common reasons to refinance your home in Michigan

1. Lower your monthly mortgage payment.

2. Save money every month by refinancing from a higher interest rate to something lower. Or refinance from a shorter-term loan to one that may better fit your financial goal of maximizing your monthly usable income. Even when doing a rate and term refinance, it is possible to receive a small amount of money back at closing – typically 2% of your loan amount or $2,000 (whichever is lower).

3. Refinance your VA or FHA mortgage faster than ever. VA and FHA Streamline Refinances allow you to refinance an existing VA or FHA loan without the need for an appraisal or verification of your income, making your refinance faster than ever.

4. Change your mortgage from a risky Adjustable-Rate Mortgage to a secure Fixed Rate Mortgage.

5. Debt Consolidation. Take cash out of your home for any reason. Consolidate your debts by combining your first and second mortgages, investments, college tuition, vacations, etc.

6. Home improvements. Refinance to improve your home with an FHA 203K home improvement loan. Choose from the quick streamline option for changes less than $35,000 or the full version for more extensive renovations.

Easy Quote

Pop Out Request Form

Name

Phone

Loan Type

Loan Amount

Message / Questions

Mortgage Calculator (Estimate)

Whether you’re interested in taking cash out of your house, consolidating debt, reducing the term of your loan, lowering your monthly payment or removing someone from your existing loan, we have an option to fit your needs! Call us to get exact numbers. (248) 608-RATE

Current Loan Amount $

Interest Rate %

Current Term months

Origination Year

New Loan Amount $

New Interest Rate %

New Loan Term months

Refinance Fees $

Want a Copy of the Results?

Refinancing could save you

$/month

New monthly payment $

Refinance fees $

Lifetime Savings $

Often the best loan type for clients with good credit and a modest down payment. Benefits of conventional loans include no upfront funding fees, cancellable Private Mortgage Insurance, minimum down payment ranges of 5% and typically has lower monthly costs for PMI. Common loan terms are 30 or 15 years. Call us to get exact numbers. (248) 608-RATE

Geared towards first-time homebuyers with limited credit, less than perfect credit and low down requirements. You may also qualify for a larger loan amount using a FHA loan vs other loan types. FHA is a great place to start for a new homebuyer. Call us to get exact numbers. (248) 608-RATE

Purchase Price $

Mortgage Term

Down Payment ($)

3.5%

Annual Taxes ($)

Interest Rate (%)

Annual Insurance $

Want a Copy of the Results?

$1421

Monthly FHA Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly Insurance $1421

Monthly Mortgage Insurance $0

Currently serving or former military servicemembers and their surviving spouses may dramatically benefit from a VA loan. Zero money down and no PMI make this a fantastic option for qualified borrowers. Advantage Lending Corp thanks you for your service and sacrifice to our country. Call us to get exact numbers. (248) 608-RATE

First Time VA Loan?

Type of Service

Purchase Price $

Mortgage Term

Down Payment ($)

Annual Taxes ($)

Interest Rate ($)

Annual Insurance ($) $

Want a Copy of the Results?

$1421

Monthly VA Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly Insurance $1421

Purchase Price $1421

VA Funding Fee $1421

$1421

Interested in finding out how much home you can afford? Use the calculator below to get a rough estimate of the amount of how much of a mortgage you’ll likely qualify for. Call us to get exact numbers. (248) 608-RATE

Annual Income $

Monthly Debts $

Estimated annual property taxes $

Estimated Annual Home Insurance $

Down Payment $

Interest Rate %

Loan Term

Want a Copy of the Results?

You can afford up to

$

Monthly Payment $

Principal & Interest $

Tax $

Insurance $

Popular Home Loan Programs

Conventional Loans

Used for Primary Residence, Second Homes and Investment properties.

FHA Streamline Refinance

A FHA Streamline is a mortgage with reduced documentation, does not require an appraisal.

Fixed Rate Mortgages

Available on all loan types: Conventional, FHA, VA, RD Loans, Reverse Mortgages, & more.

FHA Loans

Used for Primary Residence only and are HUD insured.

VA Loans

Used for Primary Residence only and are insured by the Department of Veterans Affairs.

Jumbo Loans

Used for Primary Residence, Second Homes and Investment properties. Loans over $647,200.

Reverse Mortgages

Used for Primary Residence only and are HUD insured. Must be 62 years of age or older.

USDA Zero-Down Loans

Used for Primary Residence only and are HUD insured. Typically rural properties.

Bank Statement Non-Conforming Loans

Used for Primary Residence, Second Homes and Investment properties. For the self-employed.

203k Home Improvement Loan

HUD’s program for the rehabilitation and renovation of single family properties.

See What Our Clients Are Saying About Us

J Adams

July 19, 2022.

I cannot say enough good things about Dan and his team. As a first time home buyer in a high market, I thought I had done my research and new what I was looking for. I contacted Dan and he clearly explained how the process works and gave me great options that ended up being better than I thought I could get. After this the process only got easier. Dan and his team clearly communicated what they needed and made what I thought would be a stressful experience easy. I will recommend Dan to anyone i know looking for a loan.

Mj VanCamp

July 18, 2022.

Dan is an exceptional mortgage broker! He really knows the industry. He's honest, creative, and can definitely get the best mortgage rates in Michigan. I am very glad we did business with Advantage Lending. I highly recommend using Dan and his team.

Marilyn Swinteck

July 16, 2022.

Dan Litvin was extremely knowlegable and professional during the process of buying our new home. He gave insight which was very reassuring and always had time to answer multiple questions and concerns. We would highly recommend him.

Lisa Jacobs

June 11, 2022.

We had been asking our current mortgage company to refinance our loan for months and the responses we were getting included everything from "we're working on it" to "we're holding off until rates drop some more." A quick phone call with Dan got the ball rolling on the easiest mortgage refi EVER with rates significantly lower than what our current mortgage company was offering. Dan has a great team that will get the job done painlessly and efficiently!

Daniel Lunghamer

May 31, 2022.

Dan Litvin and the Advantage Lending Corp team got me the best mortgage rate I could get. I am so impressed with their team and I would only refer others to use these guys! Thank you again!

Kathleen Prokop

May 25, 2022.

Mike Johnson

May 24, 2022.

Dan and Melony at Advantage Lending were great. They made getting a mortgage a breeze. Phone calls, emails, and text messages were retuned promptly. We never had to leave a voicemail. They were always on time. They walked us through the process every step of the way. They will be my first call when I need another mortgage.

Kevin Martin

May 15, 2022.

Dan and his team were great to work with. They were very helpful, very responsive, and able to get me an excellent rate.

Allison Friebe

April 15, 2022.

As a 1st time home buyer Dan made the lending process painless. He took the time to explain all of the costs I should expect from day 1. When the finalized loan estimate was established he walked me through line by line. Truly appreciate his patience with my novice questions! Dan and his team are quick to move and very responsive...exactly what you need in a hot housing market!

SRTSmitty

April 6, 2022.

When my fiancé and I were looking to buy our first house we didn't know where to begin until we met Dan from Advantage Lending. Our first conversation lasted over an hour as he explained everything to us about the home buying process. Dan got us approved and in our home in less than one month. Needless to say, Dan is the man and I will personally recommend anyone to enjoy his wonderful services. You rock Dan! Hunter & Amanda.