Contact Information
Address:
390 park st #496 Birmingham mi 48009
Lendrue Your trusted partner for mortgage refinancing and new home purchase loans. Whether you’re looking to lower your monthly payment, shorten your mortgage term, or secure financing on your dream home, our team is dedicated to finding the loan solution tailored to your needs. With transparent service, competitive rates, and hands-on support at every step, Lendrue makes navigating home financing simpler and more accessible. We’re committed to delivering clarity, trust, and value to every homeowner or homebuyer we serve.
390 park st #496 Birmingham mi 48009
Lendrue - Your Trusted Partner for Mortgage Refinancing and New Home Purchase Loans
Located at 390 Park Street #496, Birmingham, MI 48009, Lendrue stands as a dedicated resource for homeowners and aspiring buyers in the immediate Birmingham area. We understand the complexities and significance of securing a mortgage, whether you're looking to purchase a new home or refinance your existing one. Our mission is to simplify this process, providing personalized guidance and competitive solutions tailored to your unique financial situation.
Refinancing Your Home Loan
Life changes, and so do your financial needs and goals. Perhaps you've landed a better-paying job, your credit score has improved, or interest rates have dropped significantly since you first purchased your home. Lendrue offers expert mortgage refinancing services designed to help you reassess your loan terms. We can evaluate your current mortgage and explore options for refinancing, such as:
• Lowering Your Monthly Payments: By securing a lower interest rate, you can significantly reduce the amount you pay each month, freeing up funds for other priorities.
• Shortening Your Loan Term: Opting for a shorter loan term (like refinancing a 30-year mortgage to a 15-year one) can help you build equity faster and pay less interest over the life of the loan.
• Cash-Out Refinancing: If you have built substantial equity in your Birmingham home, a cash-out refinance allows you to tap into that value for major expenses like home improvements, debt consolidation, or significant purchases.
• Home Equity Loans or Lines of Credit (HELOCs): These options allow you to borrow against the equity you've built in your property, offering flexibility for various financial needs.
Our team at Lendrue, based right here in Birmingham, MI 48009, will guide you through the refinancing process, explaining different loan types, interest rates, and closing costs transparently.
Purchasing Your Dream Home
Buying a new home is one of the most exciting milestones. Lendrue is here to support you through the journey of securing a mortgage for your new Birmingham-area property. We specialize in navigating the complexities of home buying financing, helping you qualify for the best possible loan terms.
Whether you're a first-time homebuyer or looking to upgrade, our knowledgeable advisors will work closely with you. We'll assess your financial standing, discuss various loan programs (including FHA, VA, conventional, and government-backed options), and help you find the mortgage solution that fits your budget and long-term goals.
From understanding down payment requirements and credit score considerations to explaining the home buying process and assisting with lender approvals, Lendrue at 390 Park Street #496, Birmingham, MI 48009, is committed to making your home purchase experience smooth and successful.
Choosing Lendrue means choosing a local partner deeply familiar with the Birmingham market. We pride ourselves on responsive communication, personalized service, and a focus on finding the best mortgage solutions for our clients right here in our community.
Ready to explore your mortgage options? Visit our website or give us a call.
Website: https://lendrue.com/
Phone: 8335811144
Frequently Asked Questions (FAQs)
Q1: Do you only serve customers located at 390 Park Street #496, Birmingham, MI 48009?
A1: While our physical office is located at 390 Park Street #496, Birmingham, MI 48009, our services are primarily focused on assisting clients within the Birmingham area seeking mortgage refinancing or new home purchase loans. We tailor our guidance and service to clients interested in properties and financial solutions relevant to this specific location.
Q2: What types of mortgage rates do you offer for refinancing?
A2: We offer a variety of mortgage rate options for refinancing, including fixed-rate mortgages (providing stable payments) and adjustable-rate mortgages (ARMs), which might offer an initial lower rate. Our team evaluates current market conditions and lender offerings to help you find the most competitive rates suitable for your refinancing goals in the Birmingham area.
Q3: How long does the mortgage application process typically take?
A3: The duration of the mortgage application process can vary depending on factors like the complexity of your financial situation, the loan type chosen, and the speed of document submission and verification. Generally, the initial application and pre-approval can be completed relatively quickly, often within a few days. The full closing process, from application to signing, typically takes about 30-45 days for a new purchase, while refinancing might be slightly shorter.
Q4: What is the minimum credit score required to qualify for a mortgage?
A4: Minimum credit score requirements vary by loan type. Conventional loans often require a minimum score of 620-680, FHA loans can sometimes be obtained with scores as low as 500 (though 580 is recommended for lower down payment options), VA and USDA loans have flexible requirements but often look favorably on credit histories below 620. We can discuss your specific credit profile and help determine the best loan program for your situation in Birmingham.
Q5: Can I refinance my home if I have a low income?
A5: While income is a factor in mortgage qualification, refinancing is still possible even with a lower income. Lenders assess your debt-to-income ratio (DTI), which compares your monthly debt payments to your gross income. Lenders typically prefer a DTI ratio below 43-45%. We can review your financial situation, including income and debt obligations, to determine if refinancing remains a viable option for you, potentially exploring different loan structures or highlighting assets you might have.