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(615) 542-2040
MShivers@prmg.net
NMLS: 332581

LICENSES: TN,AL

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Your journey to homeownership is just a few minutes away

Michael Shivers

Sales Team Lead

Michael Shivers

Sales Team Lead

(615) 542-2040
MShivers@prmg.net
NMLS: 332581

Licenses: TN,AL

START YOUR APPLICATION NOW

Your journey to homeownership is just a few minutes away

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UNLOCK YOUR HOME’S EQUITY ONLINE IN 5 MINUTES

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ABOUT Michael Shivers

About Me
I live with my son Matthew. We are actively involved in our local community and church. My Son is very busy and enjoys doing almost everything; he is so much fun to spend time with. He keeps me active, and I am often coaching youth baseball, basketball, football, hockey, softball, and camping with the Scouts in my spare time. I also enjoy playing Golf, Racquetball, Mountain Biking, Watching Football, Snow Skiing, Fishing, Hunting, and Scuba Diving when we have time. We are very much at home in the Mountains, and on the Beaches. We believe strongly in supporting the American Cancer Society, and assisting with local youth organizations with their needs.

Why Me
Since entering the Mortgage industry in 1995, I have been an invaluable, trusted resource for our clients. I specialize in providing mortgage education, information, and services to clients that enable them to make informed mortgage decisions.

I was born and raised In Hueytown, AL., and enjoyed the athletics and church activities provided there. I spent most of my summer and winter breaks from school, on Lake Guntersville, and others on fishing trips on the Gulf of Mexico. After High School, I attended Auburn University where I majored in Electrical Engineering. I began my mortgage career in Birmingham, AL, as a mortgage broker, worked as a Branch Manager, Area Manager, and served as a regional manager. My responsibilities were varied and included making the coffee from time to time, to expanding and opening new office locations throughout Alabama. Our company started with an office of four employees, and expanded to nine branch offices in just 24 months. I spent a year in an attorney’s office assisting in title research and preparing closing packages. My career also includes serving in the Corporate Lending arena for 18 years in several positions as a Lending Officer. These combined experiences provided a varied background and a great understanding of the entire mortgage loan process from origination to funding.

I earned membership into the Success and Presidents Clubs for excellence from 2003 to 2017, and served as a State Director for State of Tennessee, representing the Rutherford County Home Builder’s Association. I am active in the Home Builders Association, The Rotary Club, Chamber of Commerce,and The Middle Tennessee Association of Realtors. We enjoy a fast-paced life and find it greatly rewarding,and very satisfying in assisting and helping others.

My Promise
With my past experience, mortgage knowledge, and use of the latest Robust Technology, I will provide you with a realistic assessment and guidance in key areas of the entire mortgage loan process from origination to closing. I pride myself in professionalism, and am committed to continue to deliver with the expertise in mortgage programs and product knowledge solutions to your mortgage lending needs. One important goal for me is to be the primary resource for our clients, builders, realtors, and referral sources. My desire is to simplify the mortgage process for you, and truly hope to become your informational source for the entire mortgage lending process. I desire to set the bar high and express that everyone should expect the best service available, and settle for nothing less. I enjoy the construction process from clearing the lots for building to seeing the excitement in the eyes, as the new home owner receives the keys to their dream home. Let us begin the process to assist you with your dream of home ownership today.

WHY CHOOSE PRMG FOR YOUR MORTGAGE JOURNEY?

With over 22 years of experience in the industry, Paramount Residential Mortgage Group, Inc. (PRMG) has a deep understanding of the mortgage market. Having garnered thousands of 5-star reviews, our commitment to customer satisfaction is second to none. PRMG knows that every borrower’s needs are unique and, as such, offers personalized mortgage solutions that align with your specific financial goals and circumstances. Our team of home mortgage professionals are standing by and ready to work closely with you to find the best mortgage options just for you.

WHAT ARE THE BENEFITS OF HOMEOWNERSHIP?

Homeownership is not only a significant milestone, but also a decision that offers a multitude of advantages. Beyond providing a place to call your own, owning a home brings financial stability, personal fulfillment, and a sense of belonging.

  • Build Equity:  Equity is the difference between the property’s value and the remaining mortgage balance. Every mortgage payment made increases equity. Historically, real estate appreciates over time, making equity building a sound long-term investment strategy.
  • Take Advantage of Tax Benefits: Mortgage interest and property tax payments are often tax-deductible, reducing your overall tax liability. These deductions can result in substantial savings, increasing your disposable income and providing financial advantages.
  • Provides a Stable and Unique Environment: Create a stable home that reflects your unique personality and tastes. Unlike renting, homeownership pairs stability for you and your family with the freedom to personalize your space through modifications, renovations, upgrades and more.

Choosing the right lender is crucial to securing the perfect home for you and your family. With our 22 years of mortgage expertise and commitment to customer satisfaction, PRMG is your ideal mortgage partner. Take the first step toward realizing your homeownership goals with Paramount Residential Mortgage Group, Inc. (PRMG) by your side.

HOME MORTGAGE OPTIONS

When it comes to home mortgages, the amount of options can feel overwhelming. Whether you’re a first-time homebuyer, purchasing a new home, or want to refinance your existing mortgage, it’s important to understand the different types of home mortgages available and which best fit your goals.

Generally, there are four primary types of home mortgages:

Government Backed Loans: Loans that are insured by the federal government, have lower credit score and down payment requirements, and have potentially higher interest rates.

Conventional Loans: Loans that are not backed by the federal government, typically require higher credit score and down payments, but may have lower interest rates.

Non-Qualified Loans: Loan options that do not meet specific criteria set by regulatory bodies, making them suitable for individuals with unique financial situations.

Non-Conforming Loans: Loans that exceed the standard loan limits and do not conform to government-sponsored loan guidelines.

Whatever loan type you choose, many will give you a choice between a fixed or adjustable interest rate.

Fixed Interest Rates: When the interest rate percentage remains the same throughout the life of the loan, offering predictability and stability.

Adjustable Interest Rates: When the interest rate percentage may start lower than a fixed rate but increases over time, depending on various factors.

You can read more about our home mortgage options below, or call our team of home mortgage professionals at any time!

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GOVERNMENT BACKED LOANS

These loans are insured by the federal government, have lower credit score and down payment requirements, but have potentially higher interest rates.

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FHA LOANS

  • Backed by the Federal Housing Administration

  • Popular choice for first-time homebuyers

  • Require lower minimum credit scores and down payments than many conventional loans

  • More accessible for many borrowers

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USDA LOANS

  • Backed by the U.S. Department of Agriculture

  • Designed for low-to-moderate income borrowers in Eligible Rural Areas

  • Flexible credit requirements with competitive interest rates and terms

  • Zero or low down payment options

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VA LOANS

  • Backed by the Department of Veterans Affairs

  • Offered to eligible veterans, active-duty service members, and their qualified family members.

  • Lower interest rates and fewer fees than traditional mortgages

  • Require no down payment

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CONVENTIONAL HOME LOANS

Conventional loans are mortgages not insured or guaranteed by any government agency. Instead, these loans are backed by private lenders, and typically have stricter credit and income criteria. These loans can be "conforming" or "non-conforming".

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MANUFACTURED HOME LOANS

  • Designed for the purchase or refinance of Manufactured Homes

  • Often have higher interest rates due to higher risk

  • Shorter loan terms create higher down payments

  • Great option for borrowers seeking affordable and flexible housing

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RENOVATION LOANS

  • Designed to fund renovations, remodels, or increase energy efficiency

  • Popular with homeowners without cash on hand for renovations

  • Several types available with unique terms and requirements

  • Helps homeowners improve quality of life or increase property's value

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NON-QUALIFIED LOANS

A Non-Qualified Loan is a type of mortgage that doesn't meet standards set by regulatory guidelines. They offer borrowers with unique financial situations financing options inaccessible to them through traditional mortgages requirements.

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INTEREST ONLY LOANS

  • Allows borrowers to only pay their loan's interest for a set time

  • Principal can be repaid in a lump sum or in payments

  • Allows real estate investors to allocate resources during interest only period and potentially increase returns on other investments

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NON-CONFORMING LOANS

Non-conforming loans, are mortgage options designed for borrowers whose financial circumstances fall outside conventional lending norms. While they provide flexibility, non-conforming loans typically involve higher interest rates and more stringent qualifications.

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JUMBO LOANS

  • Designed to finance properties that are too expensive for conforming loans

  • Maximum conforming loan in 2024 is between $766,550 and $1,149,825 depending on the location.

HOME BUYING CALCULATOR

Introducing our Home Buying Calculator – the ultimate tool for simplifying your home-buying process! Say goodbye to complicated financial jargon and lengthy calculations. Just input a few key details, and in a matter of minutes, receive a personalized estimate tailored to your home-buying goals. Whether you’re exploring mortgage options, contemplating property taxes, or curious about monthly payments, our Home Buying Calculator is designed to provide you with quick and accurate insights. Try it now for an instant estimate that puts you one step closer to your dream home!

REFINANCE CALCULATOR

Revolutionize your approach to mortgage decisions with our Refinance Calculator. No more complex financial jargon or tedious number crunching. With just a few details from you, this intuitive tool crafts a personalized snapshot, unveiling the potential savings from refinancing your home loan. Whether you’re eyeing a lower interest rate, exploring new loan terms, or consolidating debt, our calculator is your shortcut to informed choices.

Skip the hassle – try it now for an instant estimate and discover the long term benefits of refinancing your mortgage!

By refinancing your existing loan, your total finance charges may be higher over the life of the loan.

Costs of points: $ 2500

New Monthly Payment

$0.00

Monthly Savings: $0.00

Difference in Interest: $0.00

Total Cost: $0.00

Months to Recoup Costs: 0.00

BRANCH INFORMATION

PRMG - Chapel Hill

BRANCH ADDRESS

4509 Polaris Drive
Chapel Hill,
TN
37034

BRANCH HOURS

Monday – Friday:
8:00AM – 5:00PM

CONTACT US

(615) 542-2040
MShivers@prmg.net