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Financial flexibility you need to get things done

What is a MAX Refi Loan?


MAX borrowing power for big transactions

No appraisal required
Homes that meet value requirements do not require additional appraisals
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Borrow between $10,000 and $600,000
Closing Costs
Save more with no closing costs required!
Private Mortgage Insurance (PMI)
Save more monthly with no PMI required!
The MAX Offer
Refinance your first mortgage without the traditional closing costs, paperwork, and faster process.
MAX Refi Loan-to-Value (LTV)
LTV up to 90%
Refinance Options
Change your interest rate or term, cash-out, or consolidate debt.
MAX Refi Terms
Fixed rates only with terms up to 30 years.
Loan Restrictions
First lien only
Take you refinance to the MAX.
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Related resources

What does Loan-to-value (LTV) ratio mean?

To calculate this ratio, you need to compare the amount you want to take out compared to the apprasial value of your home.  

ex.)  If you buy a house that appraises for $150,000 and put down $15,000 (10% of the appraised price) you will then need to borrow $135,000 from the bank. The loan-to-value ratio will then be 90%. The higher the LTV ratio, the greater the risk because defaults are more likely. LTV decreases as you put more down.

What is the purpose of this type of refinancing?  

These types of loans are designed to provide borrowers with the opportunity to make large purchases on home improvements or consolidate all their debt into one easy payment while saving on interest.

What is a Lien? 

If a borrower fails to meet the obligations of a loan or contract, a lien gives the creditor the right to seize and sell the collateral property or asset. If a lien exists on the property, it cannot be sold by the owner without the lien holder's consent.

What type of housing qualifies for this type of refinancing?

Primary residents of Michigan and parts of Ohio including Cuyahoga, Lake, Lucas, Sandusky, Summit, and Wood counties are eligible. Some vacation homes, including single-family houses and condominiums, also qualify.    

3APR=Annual Percentage Rate. Actual rate offered is based on creditworthiness factors, term, amount, collateral and loan-to-value (LTV). Maximum loan to value is 90% and MAX Refi - Second/Vacation Homes Tier Tier 5-Year 7-year 10-Year 15-Year 20-Year collateral must be titled in Michigan or specific Ohio approved counties. Minimum loan amount is $10,000; Maximum loan amount is $600,000. Approximate monthly payment would be $20.10 per $1,000.00 for 60 months with an APR of 7.500%. Other conditions may apply Rates subject to change. Offer may be discontinued at any time without notice.