Mackinac Savings Bank is a federally chartered savings bank specializing in residential lending and the purchase of privately held real estate notes.

PRIVATE NOTE PURCHASES:

Mackinac Savings Bank is unique among the investors in the private note industry. As a bank, we are able to use our own funds to purchase your note. Most investors (private and institutional) must borrow their funds from outside lenders to finance the purchase of your note. This adds to the costs and time of the transaction, translating into a lower price for the Note Seller. Mackinac Savings bank eliminates the middleman, providing a better price and quicker turnaround time for the note seller.

The private note purchase employees of Mackinac Savings Bank have over 15 years experience in the note buying industry. Their commitment to TOTAL CUSTOMER SERVICE will ensure that your transaction goes smoothly and efficiently. They have the skill to determine the program that best suits your individual needs

MORTGAGE LENDING:

Mackinac's mortgage lending operations offer the best of two worlds. For conforming loans we search the offerings of numerous large and small institutional and government agency investors to find the best interest rates for you. For non-conforming loans that do not meet these standards (due to credit issues, property type or other reasons) Mackinac uses its own funds. In addition, Mackinac uses the latest technology and techniques to assure the best pricing for both types of loans.