Team Mortgage is your local Grand Rapids resource for the best mortgage rates in Michigan.

The real secret to getting the best mortgage rates is knowing the hidden fees that bankers won’t tell you about

Everyone knows that getting the lowest rate on your mortgage can save you thousands when buying or refinancing your home loan, but there are still hidden rates and fees at almost every bank.

• These hidden fees are connected to mortgage insurance (aka PMI). They are "hidden" because borrowers are rarely informed about the difference in PMI rates by most loan officers.
• PMI is not a bad thing. In fact, it’s completely necessary if you do not have 20% saved up for down payment, however... 
• The dirty banker’s secret is that PMI rates are very different between mortgage products, but no one talks about it! About half of our new clients don’t even know if they already have PMI when talking about refinancing. Mortgage insurance is the sneakiest hidden fee because lenders almost never discuss the different options, and it's hidden in plain sight.

Team Mortgage is your best resource for low mortgage rates in Grand Rapids because we represent multiple banks (more than 10) with options spanning Fannie Mae, Freddie Mac, FHA, Rural Development, VA, conventional with lender-paid PMI, one-time-financed PMI, Community Lending Loans with reduced PMI, and more. It sounds complicated, but we make it easy.

Each of our licensed loan officers has more than 10 years experience lending right here in Grand Rapids, Michigan. We can help you get the best rate and product.  Team Mortgage is on your Team! Call us at 616-298-8210, or apply here.