Mortgages

Now more than ever Homebuyers review and have an emphasis on “What is your Rate?” however, interest rates do not tell the entire loan story.  The interest rate is part of your loan cost; various charges that make up closing costs are often a way to buy down the rate.  Consumers need to be aware that when you "pay" to buy the rate down there can be additional costs associated to lower the rate.   At First Michigan Bank we do not have hidden fees to disclose a low rate.  It is hard to compete against rate if you review online comparisons.  We ask that you are aware that there are various loan terms. Get in touch with us directly so you can review all details involved before making a decision.   

 

First Michigan Bank is participating in the FDIC Transaction Account Guarantee Program