Real estate blog entries tagged with cash out by Rick Marnon Howell Real Estate Agent (The Michigan Group)

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Home : Blogs : Rick Marnon Howell Real Estate Agent : Rick's Blog : Tag "cash out"

cash out: Michigan Mortgage Rates - 03/10/08 10:46 AM

Michigan Mortgage Rates are some of the lowest rates that we have had in years. One bank has a one year ARM that is under 4%. That is an amazing number, but the biggest problem with a loan like that is you will incur 2 sets of closing costs within 1 year. This could offset any amount of savings.
The best Michigan Mortgage Rates right now are on 5 year ARMs. Todays 5 year ARMs rate is 6%. This is for a cash out mortgage. If you are doing just refinancing for a better rate the rates will be better than 6%.
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Rick Marnon Howell Real Estate Agent

Brighton, MI

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The Michigan Group

Address: 6870 Grand River Ave., Brighton, MI, 48114

Office Phone: (810) 844-2356 x 356

Cell Phone: (810) 333-0121

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We will talk about a number of random things. I do not limit my conversations to just real estate, but to things that are on my mind for that day. I am a bit of a rambler, so be prepared, but let's mention Howell, Brighton, and Hartland, so I can get some google love.

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