Guide
How to shop Michigan mortgage rates without getting played
The lowest teaser is not the cheapest loan. Here is a clean way to compare offers in Michigan.
Same assumptions, or it is not a comparison
Ask every originator for a Loan Estimate using the same purchase price, down payment, credit band, occupancy, and lock period. If one quote assumes a 30-day lock and another 60, you are not looking at the same product.
Look at APR, credits, and lender fees — together
A slightly higher rate with a large lender credit can beat a “low rate” that is packed with origination. A broker can show that on one sheet because the investors are different.
Call the person who will answer at 9 p.m.
Wayne County purchase files move at realtor speed. The best rate on a website that does not pick up the phone is not the best rate. Call or text (248) 408-3855 when you have two Loan Estimates and want a third from someone who will still be on the file at closing.
Related loan programs
Ready to apply this to a real file? Start a secure application, read how pre-approval works, or call Brad at (248) 408-3855.