Mortgages & Home Loans in Royal Oak

Mortgages & Home Loans in Royal Oak, Michigan

Home loans are a key part of managing your real estate assets and growing your wealth. As your credit score improves and your home ages, your financial needs may be different than what they once were. You may need home improvements, or you may want a lower monthly payment to help your growing family thrive.

Credit unions offer innovative solutions for mortgage refinancing and other home loan options. Whether you’re a first-time home buyer or are experienced in dealing with home finance, check your local T&I credit union for the best rates.

Mortgage Refinancing

Mortgage refinancing is an easy way to lower your monthly payment and get a lower interest rate. A credit union can pay off your existing mortgage and arrange for you to repay them at a lower interest rate than what you qualified for previously.

Your new mortgage rate and repayment plan will vary depending on your credit score, the amount remaining on the mortgage loan, and other factors. If a high-interest-rate mortgage lender is draining your family’s finances, you may be able to save hundreds of dollars a year by refinancing.

Home Equity Line of Credit

A home equity line of credit is a large financial lifeline that you can use to pay for life expenses, home improvement, and much more. It uses your investment in your home to secure the line of credit, allowing you to borrow much more than usual. At T&I Credit Union, we can provide lines of credit of up to $125,000 to qualified members.

Making the Most of Your Home

Your home is both a financial asset and an important part of your family’s history. At T&I Credit Union, we’re committed to helping you make the most of your future with your Michigan home. We serve families in Royal Oak, MI, as well as Southfield, Warren, and the rest of the Detroit Metro area.

We offer various loans and lines of credit, including home improvement loans so you can make your dreams a reality. Our loan officers are ready to help homeowners understand all their options and make the best choice.

Call us at 1 (800) 338-3908 to learn more about membership and get your Michigan mortgage refinanced and home loan questions answered.