Mortgage Refinancing

Refinancing a mortgage has never been more complicated than it has been these days. With the escalation of zero down, zero interest loans, home equity lines of credit and second mortgages, and minimal property appreciation, more people than ever have been challenged in their efforts to reduce their monthly expenditures. Working with an experienced professional who understands these issues has never been more important.

Your North Star professional will help you understand what the current “fair” market value is of your home, what your current equity position is, and what can be done to meet your financial objectives. Whether it be reducing or consolidating debt or obtaining additional cash for college education, or unforeseen increased expenses, we are here to help you.

• Help you chose from the many customized refinancing programs available, including discussing the potential advantages of “low or no cost” refinances. We can:
  • Help you calculate different options to determine what provides you with the most economical decision in meeting your financial objectives
  • Calculate different payments for you based on different payoff terms
  • Show you how to save on interest costs over the term of your loan
  • Analyze your current tax and insurance bills

In addition:

• Our loan officers have established relationships with Realtors and appraisers throughout the metropolitan Detroit area who can assist in pre-valuation estimates.
• Our portfolio of numerous lenders gives us a substantial advantage in finding solutions for challenging circumstances.

We understand that a home owner’s refinancing strategy must take into account many factors, including the age and condition of a home, how many more years you plan on living in the home, your overall finances and prevailing interest rate trends.

North Star Home Lending’s loan officers understand the value of establishing long term relationships. We maintain a data base of our long-term existing clients to advise them of changes in the market and when it is to their advantage to capitalize on it. Our existing client base is our best referral source as many of our new clients are direct referrals from current satisfied customers.

We are passionate about what we do. Continuing to maintain relationships with our clients based on honesty, integrity, and professionalism is what we are all about.

Insuring that our clients are always financially best positioned in this ever changing and evolving economy is tantamount to our success. We don’t always promise the lowest rate or costs in town, nor do we ever guarantee every prospective client a mortgage.

We do however offer our commitment that if you’re looking to refinance your current loan, you will not find a lender more dedicated to educating and informing you on your overall options, nor will not find a lender who values trust, honesty and sincerity more than we do.

If you’re considering refinancing your mortgage, can you afford not to call North Star Home Lending?

For further information, please contact your North Star Home Lending professional.