Michigan Mortgage Company
Michigan Mortgage Company of Grand Rapids
While this site is designed to be usable in a variety of ways, the heart of the site is the online
application
(apply online) that helps you find loans geared to your personal needs.
If you are looking for the lowest Michigan
Mortgage rate for your Michigan mortgage loan,
Inter-Lake Mortgage Company, LLC can finance your Michigan mortgage
loan at the best rate. We specialize in
Michigan real
estate mortgage loans. Call us to find out how we can get you the best rate and
low closing costs!
- After you respond to a series of easy questions. See Apply Today
- We will contact you shortly after you fill out the simple
mortgage application to gather additional information so
we can provide more precise selection for you.
Comparing these suggested loan choices, you can do the following - all with no obligation on your part:
A Michigan Mortgage Company, Inter-Lake Mortgage you.... Who can answer questions not addressed here?
We welcome questions you may have, even if you are working with another company and “not always getting a straight answer”.
We are always willing to find the answer and even put in writing.
We are always online. Call 616-301-1811
at anytime between 9:00 AM – 6:00 PM (EST) Monday through Saturday Do I need to be ready to apply for a loan now?
No. Though this site is designed to let you step easily through the process of finding your home loan in one sitting,
feel free to use this site in the ways that best fit your present situation. - Although we hope you will choose to apply for a loan with us. You are under no
obligation to do so. Use of this site does not prevent you from using other mortgage
companies in your search for
a mortgage loan.
What types of mortgage loans are available through this site?
We offer the following loan programs for both purchases and refinances:
Conventional Mortgage Programs:
Fixed-Rate Programs:
Adjustable-Rate (ARM) Programs:
- 7/1 year ARM
- 5/1 year ARM
- 3/1 year ARM
- 1 year ARM
Balloon Programs: What is the difference between a mortgage broker and a direct lender?
A mortgage broker is an independent mortgage company
working for your benefit. Inter-Lake Mortgage Company, LLC
we receive wholesale pricing from lenders and have a large
variety to choose from, this includes competing interest rates, lower closing costs, and customize to your mortgage needs.
As to direct lenders, you are working with a retail loan officer (salary, commission, and benefits) that costs the lender a
lot of overhead . The secondary marketing department will send out daily wholesale pricing
(to Brokers) and retail pricing (to loan officers). It is much more cost
effective to buy from a mortgage broker than it is to
maintain an employee, with no production guarantee. What is the difference between interest rate & APR?
- An Interest rate is the monthly cost you pay on the unpaid balance of your home loan.
- An Annual Percentage Rate (APR) includes both your interest rate and any additional cost or prepaid finance charges
such as the origination fee, points, the initial private mortgage insurance, underwriting and processing fees.
(Your actual fees may not include all of the items above.) The APR is a universal measurement that will assist you in comparing
the cost of mortgage loans offered by different mortgage lenders.
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