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People Driven Credit Union

Mortgage Refinance

Lower Your Payment or Pay Off Faster

Refinance Your Mortgage

Refinance Your Mortgage with People Driven Credit Union

Lower your monthly payment, shorten your term, remove PMI, or switch from an ARM to the stability of a fixed rate backed by a Michigan-based team that keeps it simple.

For today’s fixed or adjustable first mortgage loan rates, call 616-301-1714 or use this quick one-minute form to get a Personalized Mortgage Quote. Down payments are required.

Get a Personalized Mortgage Quote

Choose Your Path

Meet Our Mortgage Loan Officer

Michelle Dzon is authorized to act as an agent on behalf of People Driven Credit Union. Contact her for personalized assistance with your mortgage needs.

Michelle Dzon

Michelle Dzon

Member First Mortgage, LLC (MFM)
michelle.dzon@memberfirstmortgage.com
616-301-1714 | NMLS ID: #401292 | People Driven Credit Union NMLS ID: #776727

 

What We Offer (The Big Four)

  • Rate-and-Term: Reduce your rate and/or adjust your term to lower payment or pay off faster.
  • Cash-Out: Tap equity to consolidate higher-interest debt or fund major projects.
  • ARM → Fixed: Leave the guesswork behind and lock in predictable payments.
  • PMI Removal: With 20%+ equity, you may be able to eliminate private mortgage insurance.

How the Process Works

  • Share your goals: Start online, request a quote, or call us.
  • See scenarios: We’ll show payment options, terms, estimated costs, cash-out impact, and PMI implications.
  • Appraisal & underwriting: You provide income/asset docs; we guide you step-by-step.
  • Close & save: Sign, fund, and start your new payment schedule.

What You’ll Need

  • Recent mortgage statement, homeowner’s insurance, property tax info
  • Pay stubs/W-2s or income verification (self-employed: two years of returns)
  • Photo ID and recent asset statements

Break-Even (Plain English)

Refinancing includes closing costs. Divide total estimated costs by your expected monthly savings to find your “break-even” months. If you’ll keep the home longer than that, a refi can make sense. If the numbers don’t pencil out, we’ll say so, no pressure.

Frequently Asked Questions

Call 616-301-1714 or request a Personalized Mortgage Quote. Rates vary by credit profile, loan-to-value, property type, and program, and can change at any time. Down payments are required.
Yes. Many members refinance from an ARM to a fixed-rate loan for payment stability and long-term predictability.
If your equity is at least 20% based on current value and loan balance, you may be able to eliminate PMI with a refinance.
Timelines vary with appraisal, documentation, and underwriting. We’ll give you a clear checklist up front to keep things moving.
The NMLS ID# (Nationwide Multistate Licensing System & Registry Identification Number) is a unique identifier assigned to mortgage loan originators (MLOs) and institutions involved in mortgage lending. It was created by the federal government to increase transparency and accountability in the mortgage industry. Why the NMLS ID Matters The NMLS database tracks licensing status, employment history, and any regulatory actions. This helps protect consumers by making sure only properly licensed professionals handle your mortgage. You can verify any loan officer or lender instantly. Where You Will See the NMLS ID Mortgage professionals must display their NMLS ID on all advertising, loan documents, emails, and websites. At People Driven Credit Union, every mortgage team member proudly shows their NMLS ID so you always know who you are working with. It is a unique identifier assigned to mortgage loan originators and institutions. You can verify any MLO or company at the official NMLS Consumer Access website. Get Help from Our Team Call us at 844-700-7328 during business hours. Our team explains what an NMLS ID is and shares the NMLS ID for any loan officer working on your file. You can also visit any branch in Livonia, Southfield, Warren, Ypsilanti, or Romeo. 5 Helpful Hints About NMLS IDs
  1. First, always look for the NMLS ID on any mortgage advertisement or document.
  2. Next, verify the ID at the official NMLS Consumer Access website.
  3. Also, ask your loan officer for their personal NMLS ID number.
  4. Then, check the company’s NMLS ID for People Driven Credit Union.
  5. Finally, contact us at 248-263-4100 to confirm any NMLS ID on your loan file.
People Driven Credit Union uses the NMLS system to ensure complete transparency and consumer protection in every mortgage transaction. You can trust that every team member helping you is properly licensed and registered. Many members appreciate the peace of mind that comes from knowing exactly who is handling their home loan.
To apply for a mortgage, you will need to provide the following documents to verify your identity, income, assets, and employment. Required Documents & Why They are Needed
  • Copy of your driver’s license or state-issued ID – Verifies your identity and legal name.
  • Last 2 years of W-2 forms – Prove your employment history and income stability.
  • Most recent 30 days of pay stubs – Shows your current income and allows us to calculate your debt-to-income ratio accurately.
  • Last 2 years of Federal Tax Returns (including all schedules) – Confirms your reported income and helps lenders assess your overall financial picture.
  • Most recent two months of bank statements (all pages) – Verifies your assets, down payment funds, and that you have enough reserves after closing.
  • Contact information for your homeowner’s insurance agent – Required to set up the proper insurance coverage for the property at closing.
Why These Documents Matter Lenders use these documents to confirm you can afford the loan and meet underwriting guidelines. Having them ready when you apply can shorten your approval time from weeks to days. 5 Helpful Hints When Preparing Mortgage Documents
  1. Gather everything before you apply — it can save you weeks of delays.
  2. Make sure all pages of the bank statements are included.
  3. Include all W-2s and tax returns, even if you filed jointly.
  4. Scan or take clear photos of your documents for easy upload.

Disclosures

Equal Housing Lender logo

Equal Housing Lender. Member First Mortgage, LLC (MFM) NMLS ID# 149532. All loans are subject to credit approval. Terms and conditions apply. Program availability is subject to change without notice.

Available to all members using a conventional mortgage loan program on a purchase transaction with People Driven Credit Union in the State of Michigan. Not eligible on multi-unit properties, condos, townhomes, or manufactured houses. The Loan Example is current as of 9/9/2025 and based on a $200,000 loan amount with a conventional 30-year fixed rate term (360 monthly principal and interest payments of $1,231.43); 0% Down Payment; 6.25% Interest Rate with an Annual Percentage Rate (APR) of 6.465%. Rates quoted assume excellent borrower credit history. Payment example does not include taxes and insurance; the actual payment obligation will be higher. The cost of Private Mortgage Insurance (PMI) is waived as part of this promotion, to be paid by the Lender. This is not a commitment to lend. All lending products are subject to credit and property approval. Additional restrictions may apply. Member First Mortgage, LLC (MFM) is a partner of People Driven Credit Union. Michelle Dzon #401292, is authorized to act as agent of People Driven Credit Union (24333 Lahser Road, Southfield, MI 48033 | (248) 263.4100 | NMLS ID: 776727) and is authorized to represent Member First Mortgage, LLC, a licensed Mortgage Lender/Servicer (Corporate Office: 616 44th Street SE, Grand Rapids, MI 49548 | (616) 538.1818 | NMLS ID: 149532). For licensing information, please visit www.nmlsconsumeraccess.org. Equal Housing Opportunity.

SAFE Act Compliance Testing:
We conduct annual independent testing of our mortgage compliance in accordance with the SAFE Act (Reg G) requirements.

All other trademarks are the property of their respective owners.

Equal Housing Lender logo People Driven Credit Union is an Equal Housing Opportunity Lender NMLS #776727

Membership Requirement

All accounts and loans require membership at People Driven Credit Union. Membership is available to individuals who live, work, worship, or attend school in the State of Michigan, as well as relatives of current members. To complete an application for any account or loan, you will need the following information:
  • A valid Driver's License, State ID, or Passport with your current address
  • Your Social Security Number
A Membership Share Savings Account is required to establish membership at People Driven Credit Union. A $5 deposit secures your ownership share in the credit union and unlocks access to our full suite of products and services. This account earns 0.01% APY with a $5 minimum deposit.