Month: February 2012

Changes Coming to FHA Premiums

You know those nasty premiums that come along with mortgage loans?  Those ones that everyone hates to deal with.  Yeah, well I think you’re about to hate FHA (Federal Housing Administration) premiums even more.  FHA Acting Commissioner, Carol Galante, made an announcement regarding their current premium points.  It appears the “basis” points” will soon be… Read more »

Michigan Water Bills to Rise

What are the sheer necessities of life?  Many would consider them to only be food, water and shelter.  Unfortunately though, the price of water will be drastically increasing in the near future.  Why would the most abundant and important resource on the planet drastically increase in price though?  At first I had imagined that prices… Read more »

Mackinac Island Property

One of the most beautiful places I have ever visited would be Mackinac Island.  While visiting the island for the first time in the summer of 2011, I was taken back by how amazing everything was.  In my mind, I had expected an island entirely tailored towards tourists.  That couldn’t have been further from the… Read more »

Michigan Home Prices Lowest in 10 Years

Our mitten state of Michigan has unfortunately been one of the hardest places hit when it comes to real estate woes.  Over the past decade, countless Michigan homeowners have lost their homes to foreclosure.  While many others face the reality that the value of their home has been drastically reduced.  This is a double-sided event… Read more »

Record Low Fixed Rates

Homebuyers have enough to stress over with everything that comes along with home hunting.  Selecting a realtor, inspections, bidding and everything else that comes into play means even more to put onto your plate.  Luckily, there is some good news for those of you looking to buy a home.  Specifically if you select a 30-year… Read more »

Historic Mortgage Settlement Worth $26 Billion

Remember those huge bailouts that came from the government to help bailout the banks at the bottom of our recent economic downturn?  Well it seems another historic bailout is on its way.  This bailout aims to help one million American homeowners that are in desperate need of mortgage relief.  Who is this bailout coming from… Read more »

FHA Streamline Refinance no appraisal in Michigan

President Obama recently announced that a comprehensive package that will be placed which houses administrative actions and legislative proposals in order to help homeowners.  This is all in an attempt to support middle class families while also giving a boost to the economy.  We’ve got the facts regarding this housing market package in case you’re… Read more »

Obama’s Plan to Help Responsible Homeowners

The U.S. housing market has encountered its fair share of struggles over the past few years.  Luckily it seems things are beginning to turn around and hopefully President Obama’s plan will help boost the turn around time.  What exactly does the President have planned for our housing market and will it actually work?  Obama and… Read more »