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Smart Michigan mortgage refinance customers call on RLCA first.
RLCA's Michigan mortgage refinance loan officers understand that life doesn't always go the way you planned. You may wish to Michigan mortgage refinance to pay for medical bills, home improvements, college costs, or other needs. Our Michigan mortgage refinance solution is to provide you with the Right Loan that will meet your individual needs by combining rates and terms to produce lower total costs. When you hire a mortgage refinance loan officer from RLCA, you can be assured of getting the experienced service you need.
Experienced assistance for our mortgage refinance customers
RLCA's mortgage refinance process offers our customers the convenience, understanding and security they need to successfully deal with their present problems and go on to build a solid financial future. Through this process, we can develop a solid relationship of trust and communication.
When you contact RLCA, we'll begin by working with you to understand your problems, your needs, your goals and your future plans. We're experienced at helping our customers deal with unforeseen financial problems. In fact, we specialize in finding people, like you, who may be experiencing difficulties because of credit problems, income verification, job history, or health.
We'll then work through the underwriting process to help you get approved for a loan that suits your specific situation. If you do not get approved for the original loan we apply for, we'll start the process over. You can depend on RLCA to work hard to find the solution to match your needs.
Once your loan is approved and processed, we'll be sensitive to making the closing occur at a convenient and comfortable time and place for you. Then, we will continue to communicate with you to help accommodate any shifts in your needs.
We'll help you to better understand every step.
At RLCA, we'll take the time to explain every aspect of the process. When you work with us, you'll fully understand every aspect and term of your agreement. Here are some terms that may be important to your situation:
Annual percentage rate (APR): The APR reflects the cost of your loan at a yearly rate.
Collateral: Property pledged as security for a debt.
Credit report / credit history: A record of an individual's open and fully repaid debts for a set period of time. Credit accounts will be reported for the last 7 years, whereas bankruptcies will be reported for a 10 year period. A credit history helps a lender assess risk and an applicant's credit worthiness in order to determine whether a potential borrower has a history of repaying debts in a timely manner and whether they will likely repay debts on time in the future.
Default: The failure to make on-time payments in the amount specified in the terms of the obligation or note. Once a borrower is behind on their payments for a certain amount of time, they are then considered in default.
For more definitions of related terms, visit our glossary.
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