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Mortgages East Lansing MI

Looking for information on Mortgages in East Lansing? We have compiled a list of businesses and services around East Lansing that should help you with your search. We hope this page helps you find information on Mortgages in East Lansing.

Gmac Mortgage LLC
(517) 351-4570
4750 S Hagadorn Rd
East Lansing, MI
Michigan State University Federal Cu
(517) 333-2230
600 Crescent Rd
East Lansing, MI
Cbb Inc
(517) 324-5640
1504 E Grand River Ave
East Lansing, MI
Progressive Mortgages Inc
(517) 332-2118
1520 Ramblewood Dr
East Lansing, MI
First Mortgage Corporation
(708) 957-2020
601 Abbott Rd
East Lansing, MI
Financial Health Credit Union
(517) 319-1300
2400 West Road
East Lansing, MI
Challenge Financial Investors Corp
(517) 203-4040
4990 Northwind Dr Ste 120
East Lansing, MI
Premier Mortgage Funding Inc
(517) 490-7421
4970 Northwind Drive Ste-116
East Lansing, MI
Amera Mortgage Corporation
(517) 324-0400
3498 E Lake Lansing Rd Ste 120
East Lansing, MI
Independent Bank So Michigan
(517) 324-7439
2900 West Rd Ste 100
East Lansing, MI

5 Mortgage Tips For 2012

Written by Matthew C. Keegan  //  2012/02/02  //  Financing  //  No comments


Not all homeowners will renovate their homes, with some people choosing to upgrade to a new home instead of undertaking a time-consuming and costly renovation. With home prices down nearly across the board, buying a home now can be a sensible alternative to renovating your current residence.

Just like seeking a home improvement loan , there are some things you should be aware of when seeking a mortgage. We’ll already assume that you have good credit as reflected in your current credit score . If not, then buying a new home now should take a back seat to remedying your credit.

1. What you can afford — You’ll be selling one house to buy another one, but can you afford to pay two mortgages if your current house doesn’t sell? The home you want could be a steal or it may end up being a financial albatross around your neck if you must carry two mortgages. Be realistic about your finances and take into consideration certain worst case scenarios including an unsold home and a loss of income.

2. Be ready to move forward — Once you’ve decided to buy a home and have applied for a mortgage, you’ll want to quickly gather together your paperwork. This means copying the last two years of your tax returns, pulling together your W2 forms, making copies of your bank statements and submitting whatever other paperwork is required. Why the need for speed? For two reasons — nervous homeowners want to know that you are mortgage-ready before proceeding and mortgage interest rates can change if you dally. At the moment, rates are historically low, but financial problems in Europe, America’s debt problems and other local, national and global tensions could quickly drive rates up.

3. The long and short of loan terms — Do you really want or need to finance for 30 years? If you’ve owned you home for many years, you may feel as if you’re starting over with a 30-year mortgage. As long as you have plenty of equity built up in the home that you are selling and/or have other money to bring to the table, there is no reason why a 15-year loan can’t do it for you. You’ll enjoy a slightly lower interest rate and be done with your mortgage sooner. Some lenders offer 5-, 10- and 20-year mortgages too. Find one that meets your needs — obtain the best mortgage deal that you can.

4. Follow through on your application — Mortgage lending has tightened considerably in recent years, which means that some people with good credit are not getting approved for a home loan. If one lender turns you down, don’t assume another lender will do likewise. Explain your situation to a prospective lender and be honest why your application elsewhere was rejected. That information is readily available anyway, therefore take the intiative and see your loan application throug...

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