Equity Loan vs. ATM

The housing crash we’ve all enjoyed (sarcasm) was not only a product of unscrupulous banking.  It was also the result of irresponsible self-lending.  By that, we’re taking about the re-purposing of home equity.  Over the period of about ten...

Refinance at a Lower Rate?

We all know the headlines. Low interest rates! Down payment and closing cost assistance! There is a lot of advice out there. But very few people and businesses are providing guidance on who should be doing which kind of refinance package you should pursue. What Kind...

Home Purchase Grants

Hello Michiganders looking to make a new home purchase! McLellan Financial Mortgage has some great news for you.  Recently, funds were appropriated by the Legislature to the Michigan State Housing Development Authority (MSHDA) for a pair of new programs.  They are...