Month: June 2013

Affect on Mortgage Rates from Bernanke Announcement

Posted on June 20, 2013 by - Buying a Home, First Time Home Buyer, Local Michigan, Mortgage Tips, Refinance

Federal Reserve chairman Ben Bernanke announced today that they may be easing the quantitative easing programs as early as this year.  This program includes the purchases of mortgage backed securities (MBS) which are the packaged residential mortgages sold by banks and mortgage companies.  The slowing of these purchases would take affect if the unemployment rates… Read more »

What to do After You Get a Low Appraisal on Your Home

Posted on June 3, 2013 by - Buying a Home, First Time Home Buyer, Mortgage Tips, Refinance

Mortgage Basics 101: What Is A Home Appraisal? According to the Appraisal Institute an appraisal is a professional appraisers opinion of value. In today’s mortgage and lending environment a home owner or buyer cannot get through the mortgage process without getting one of these valuable reports unless the homeowner utilizes one of the few specialized refinance… Read more »