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30-Year Mortgage Rates at Near-Record Lows

2019-06-26T07:36:33-04:00

  Are you considering purchasing a home or refinancing?  If so, now is the time to act. Comparatively speaking, mortgage rates are at historic lows, making now the ideal time to buy a new home or a second home, or to refinance your current mortgage for more favorable terms. Want to take advantage of historically [...]

30-Year Mortgage Rates at Near-Record Lows2019-06-26T07:36:33-04:00

5 Reasons to Refinance Your Mortgage

2019-06-13T08:07:27-04:00

There are many great reasons to refinance an existing mortgage.  Mortgage interest has historically been treated differently than all other debt. In fact, mortgage debt is the only debt eligible for a reduction in federal income taxes. Done correctly, refinancing can be a good financial move (always consult a financial adviser first, of course). Once [...]

5 Reasons to Refinance Your Mortgage2019-06-13T08:07:27-04:00

5 Tips On What NOT To Do Before Applying For A Mortgage

2019-06-01T22:10:59-04:00

5 Tips On What NOT To Do Before Applying For A Mortgage As a general rule, if you’re looking to apply for a mortgage, you’ve probably never been through the mortgage process before. Subsequently, this could mean you don’t have any idea what you’re going up against. What should you expect? What should you do [...]

5 Tips On What NOT To Do Before Applying For A Mortgage2019-06-01T22:10:59-04:00

What are “Closing Costs”?

2019-05-15T11:29:21-04:00

What are closing costs? That’s a question most first-time home buyers ask. Many repeat buyers do, too. Many home buyers don’t realize the kind of costs that can be associated with a mortgage.  Whether a buyer selects a no closing cost mortgage or a more traditional mortgage option, all mortgages have the same closing costs. Many of these [...]

What are “Closing Costs”?2019-05-15T11:29:21-04:00

It’s a Good Time to be a First-Time Home Buyer

2019-04-25T16:32:55-04:00

It’s a Good Time to be a First-Time Home Buyer Despite some challenges and market slowdown, first-time homebuyers had a successful year last year. According to the Genworth Mortgage Insurance First-Time Homebuyer Market Report, there were 2.07 million first-time single-family home buyers in 2018, up 1% from 2017 and the highest number since 2006. First-time [...]

It’s a Good Time to be a First-Time Home Buyer2019-04-25T16:32:55-04:00

Tips for Buying a Home in the Spring

2019-04-04T08:16:31-04:00

  Tips for Buying a Home in the Spring What is the best time of year to buy a house? Anytime, really. But spring, especially, is a great time to buy a home. The weather is warming, the grass is greening, the birds are chirping, and people everywhere are thinking of going outdoors and enjoying their homes [...]

Tips for Buying a Home in the Spring2019-04-04T08:16:31-04:00

Should you get a second opinion on your mortgage pre-approval?

2018-12-12T21:36:57-05:00

Should you get a second opinion about your mortgage pre-approval? So, you are pre-approved for a mortgage loan and your shopping for homes.  You can't wait until you find your new home and can already see yourself living there....how exciting!  Wait a minute, what do you mean I am not approved, I have an accepted [...]

Should you get a second opinion on your mortgage pre-approval?2018-12-12T21:36:57-05:00

Are There Exceptions to Bankruptcy Waiting Periods When it Comes to Mortgage Loans?

2018-10-18T12:06:15-04:00

When it comes to applying for a mortgage, most options have a seasoning period (waiting period) before you will qualify for that particular home loan.  For example, conventional loans have a 7 year waiting period, FHA has a 2 year waiting period, Rural Development is 3 years and VA can be as little as 1.  [...]

Are There Exceptions to Bankruptcy Waiting Periods When it Comes to Mortgage Loans?2018-10-18T12:06:15-04:00

MSHDA Step Forward – Michigan Down Payment Assistance

2018-09-26T19:48:43-04:00

Effective October 8th 2018, potential home buyers in the State of Michigan may qualify for $15,000 in forgivable down payment assistance.  The Step Forward Down Payment Assistance (DPA) is a 0% interest, non-amortizing second mortgage on the property that is forgiven at 20% per year and discharged at the end of the 5th year as [...]

MSHDA Step Forward – Michigan Down Payment Assistance2018-09-26T19:48:43-04:00

Michigan Rural Development Loan Limits for 2018

2018-06-14T19:41:47-04:00

Rural Development released update loan limits for the Michigan Rural Development loans on June 13th, 2018.  I am please to say that we have seen an increase in loan limits in Genesee, Livingston, Oakland, Washtenaw and other surrounding counties. If your income is below the loan limits and you have a lower down payment, you [...]

Michigan Rural Development Loan Limits for 20182018-06-14T19:41:47-04:00