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Archive for Michigan

30 year fixed rate mortgages from banks and financial institutions are already considered low when they’re at a 4.7 – 4.9% rate. However, BRINKS Financial Group can give you a mortgage rate for as low as 4.5%.

BRINKS Financial is a division of GoldStar Financial Group and is located in Ann Arbor, Michigan. The company has been serving Ann Arbor for 15 years, and holds the lowest mortgage rates in the Ann Arbor area. BRINKS Financial Group also specializes in helping Michigan residents and Michigan first time home buyers. BRINKS financial group is experienced in helping home buyers take advantage of the $8000 tax credit, giving home buyers big savings on their first home purchase.

Aside from providing friendly Ann Arbor Mortgages, BRINKS Financial also specializes in Novi mortgages, West Bloomfield mortgages, Rochester mortgages, and Grosse Pointe Mortgages. For those living in these areas, or who would like to relocate, BRINKS Financial Group provides an easy to navigate website where you can input your details to get to a mortgage rate that suits your profile. They have a section in their website called the Purchase Assistant, which is an online guide and fill up form where you can input your details based on the questions and choices that they post.

The 4.5% 30 year fixed rate is based on a $200,000 loan with a 20% down payment computation. Mortgage rates will vary on the amount of loan you are planning to take, the amount of down payment you can afford, and the number of years you plan to finish payments. Whatever your situation is regarding the home loan you plan to take, BRINKS Financial Group can give you the lowest rates in the area.

Aside from loans for purchasing a home, BRINKS Financial also offers loans for refinancing, and loans for consolidating debt. If you need mortgage help, their staff and experts are also available to give customer service and to answer questions when needed. Other institutions that also give low rates are Mortgages by Golden Rule, also at 4.5%, and Ameriplus Mortgage Corp. at 4.625%.

Ally Bank Best CD Rates

Tuesday, July 27th, 2010

Ally Bank has many options for the average investor. They offer some of the most competitive CD rates on the market today. Ally Bank offers certificate of deposits from 3 months to as long as 60 month (5 Years). Ally Bank also offers a ‘Raise Your Rate CD’ and they also have a ‘No Penalty CD’, meaning that you can close the CD without paying part of your interest back. One of the issues with longer term CDs is that if you want to close the CD early, you will have to pay an ‘Early Withdrawal Penalty’ for taking your money out. Here is a list of the most common CD Early Withdrawal Penalties:

  • 30 days = All Interest
  • 2-18 Month CDs = 3 Months Interest
  • 2 Years+ CDs = 6 Months Interest

Some banks have stricter penalties, so be sure to read the fine print!

Ally Bank’s No Penalty CD is only available in the 11 Month term, with a current rate of 1.35 percent. This is a pretty good rate since you can take your money out at any time after the first 6 days without paying a penalty. This 11 Month CD currently beats many 12 Month CDs from major banks, Credit Unions are the exception.

Ally Bank’s Raise Your Rate CD is only available for the 2 Year term, with a rate of 1.92%. With this CD, you have the option of raising your rate once within the 2 year term. If rates go higher than 1.92% you can bump your interest rate up to the higher level.

Here is a list of all of Ally Bank’s CD Rates:

CD Rates are constantly changing, so to find the most up to date rates, visit Ally.com