MORTGAGE OPTIONS
You have been looking at Michigan Houses For Sale.  Thinking about all your financing options is a smart move.  Here are the main choices you can chose from.
  • Know that your rate will not increase
  • Plan to own more than 7 years
  • Looking for a fixed payment and no surprises
    If you plan to stay in a home for a long-term and are conservative, this is your loan!
10 / 15 / 20 / 30 Year Fixed Rate
  • Rates are usually lower the shorter the fixed part of the loan!
  • Your rate is fixed for 1, 3, 5, or 7 years and then becomes variable
  • Get a lower rate and a lower payment.
  • Reduce your mortgage payment even more with our interest-only payment option.
  • This option is for anybody planning to move within 7 years.
Adjustable Rate Mortgage (ARM)
  • Self Employed or contractor with no pay stubs
    Doesn't show much income on tax returns
  • No income documentation;
  • No asset documentation;
  • No Employment History;
No Documentation
 
  • Loans over $417,000
Jumbo
  • Government Loan Programs;
  • Zero Down Programs;
  • Veteran Loans;
  • Federal Housing Administration Loans;
  • Relaxed credit requirements;
  • Affordable Payments;
FHA, VA, My Community loans 
  • Late payments
    Less than perfect credit
  • Past Foreclosure
    Past Bankruptcy
  • Collections or Judgements
    Looking for a fresh start
  • Low interest only payment available
    Just because you have had bad credit does not mean you can not get a loan.  Many people are surprised that we can get them into a home. 
 Bad Credit
  • Consolidate credit cards;
  • Lower total monthly payment;
  • Lower overall rate and reduce long term interest;
  • Eliminate compounded interest on credit card debt
Debt Consolidation
  • Use 100% of your homes value;
  • Mortgage up to 125% of the properties value
High Loan To Value
GAGE OPTIONS
  • No money for down payment;
  • Ability to buy a home with no money down and sometimes pay no closing costs.
100% loans
  • Have no money for closing costs 
  • Want to refinance at low cost 
 No closing cost loan
  • Want a minimum payment
     Don't care about paying off the mortgage.
 Interest Only loans
Whether you are buying Livonia real estate Novi real estate or any Michigan home there are many options to chose from.  Explore your options.  Call me, Russ Ravary on my cell at (313) 310-9855 or email me to discuss which loan is good for you.*