Home Mortgage Loans and Refinancing

Find the best mortgage option for you.

Move into your perfect home, with the perfect mortgage solution. Our mortgage loan officers help you understand your options. Trust Comerica to maximize your most important investment – your home.

Quick, easy approval process

Understand your financing options from the get-go and get approved fast.

Flexible lending options & terms

Offering Conforming loans, FHA loans for first-time buyers, VA loans for veterans and active-duty military, and Jumbo loans for high-value properties.

Expert guidance at every step

Work with a Mortgage Loan Officer to understand the homebuying process.

Talk to a Mortgage Loan Officer today. You can also apply for a mortgage by visiting a banking center or call us at 800-867-5188.

Mortgage Loan Officer Team

Megan M. Birman
Mortgage Loan Originator
NMLS# 538948

Tel: 248-732-5471
mmbirman[at]comerica.com

David M. Garrison
Mortgage Loan Originator
NMLS: 1502091

Tel: 248-732-5551
dmgarrison[at]comerica.com

Scott Gutschow
Mortgage Loan Originator
NMLS# 407037

Tel: 248-984-0643
sgutschow[at]comerica.com

Kimberly Jennings
Mortgage Loan Originator
NMLS# 1602591

Tel: 248-984-0458
kmjennings[at]comerica.com

Chantelle Schewee
Mortgage Loan Originator
NMLS# 1404270

Tel: 248-984-0844
cmschewee[at]comerica.com

Natalie A. Verdin
Mortgage Loan Originator
NMLS# 1135212

Tel: 248-732-5476
naverdin[at]comerica.com
*Spanish Speaking

Home lending for every stage of life

Buying your first home

There’s nothing like finding your first place. But you may have questions about where to start.

Our tools, checklists and expert advice guide you through the homebuying process start to finish, to keep the experience as stress-free as possible.

Buying a vacation home

Turn to our team to find financing options that fit your particular situation.

We’ll work together to create a financial plan and show you how you might get an edge over other buyers.

Financing an investment property

Whether you’re investing to rent or to add to your financial portfolio, buying an investment property requires know-how.

Your goals and investment plan are unique, and we’ll help find a financing option that fits your needs.

Refinancing solutions

Refinancing lets you pay off your old mortgage with the proceeds from a new mortgage loan, so you can get a better interest rate, lower your payments or take advantage of other benefits. The process involves many of the same steps you encountered when you first purchased your home.

Advantages

Some homeowners refinance to lower monthly payments or pay off their mortgage faster, while others want cash out for home improvements or repairs.

Refinancing may help you save over the life of the loan and can free up money for daily or long-term expenses – like a college fund or retirement savings.

Costs

Refinancing costs vary and can include a loan origination charge, along with fees for application and processing, plus standard settlement charges (fees for credit reports, title searches, insurance and appraisals).

You may also be eligible to purchase points to lower your interest rate even more (each “point” is 1% of your loan amount).

Considerations

Costs and fees may add to the total new loan amount, so it’s important to consider if your savings will outweigh the costs of refinancing.

Use our refinancing checklist(PDF, 705 KB) (PDF) or a finance calculator to determine if refinancing is the right decision for you.

Here’s how refinancing can help

Explore options to lower monthly payments, change terms and reduce interest rates. Whatever your goal, work with a Comerica Mortgage Loan Specialist to see how the home refinance option you choose fits into your larger financial plan.

Reduce monthly payments and save over the long term

Lowering your interest rate can lower monthly payments and save you money over the life of your loan.

Rework your rate or loan type

You may be able to switch to a longer term, shorter term or different type of mortgage – for instance, from an adjustable rate to a fixed-term loan.

Pay down debt

Apply what you save each month to paying down other debt, directly or through a debt consolidation loan.

Drop your mortgage insurance

Depending on your loan type, how much you’ve paid off and payment history, you may qualify to drop the cost of your private mortgage insurance (PMI).

Cash-out refinance

Explore your options to borrow against the existing equity in your home, such as paying off debts or making home improvements.

For more information, or to get your refinancing process started, contact one of our Mortgage Loan Officers above. You can also visit a banking center or call us at 800-867-5188.