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Mortgage rates have dropped yet again in the wake of the Brexit (Britain voting to leave the European Union). The world markets have been very volatile since the news broke early Friday morning. Financial instability brings lower mortgage rates. Now is the best time to buy a home or refinance your mortgage to a lower… Read more »
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Documents You Need To Get A Mortgage
The first step in considering any home purchase or refinance should always be speaking to a licensed loan officer about getting pre-approved. It is important to have all of your information ready so you do not delay the process. Once you get the good news, comes the fun part, finding out how much your refinance… Read more »
Mortgage Rates have Dropped to Recent Lows
Mortgage rates have dropped again officially hitting the lowest levels in one year which is near historic lows. According to the Freddie Mac weekly mortgage survey, rates are as low as 3.72% for a 30 year fixed rate mortgage and as low as 3.01% for a 15 year fixed rate mortgage. If you have been considering… Read more »
Grand Rapids Home Sales Statistics for 2015
The Grand Rapids Association of Realtors (GRAR), which administers the local West Michigan MLS, recently released the 2015 home sales year end statics. The numbers confirm that 2015 was a year for the record books for West Michigan homes sales. Number of New Listings Submitted to the Grand Rapids MLS Year-end numbers for 2015 show… Read more »
Fannie Mae HomeReady Mortgage Program
Partnering with one of the nation’s largest conventional mortgage lenders, Riverbank Finance is now offering Fannie Mae’s new 3% down home loan program called the HomeReady Mortgage, which allows borrowers to obtain a mortgage with substantially lower payments that standard conventional home loans. For a home purchase or even a mortgage refinance, this new home… Read more »
Qualifying for a Mortgage with Student Loan Debt
If you are in the market for buying a house it is important to understand the implications of qualifying for a mortgage with student loans. Each year, at least 60% of college attendees take out some form of student loans to help with the ever growing costs of higher education. While this can be an… Read more »
5 Reasons to be Thankful in Real Estate
2015 has has given many reasons to be thankful in the real estate industry for this Thanksgiving season. Here are the top 5 reasons to be thankful. 1) Low Mortgage Rates Low mortgage rates mean higher purchasing power. With the low inventory for real estate in Michigan, low mortgage rates have increased buyer’s purchasing power… Read more »
Mortgage Calculator Toolkit
Use our new suite of mortgage calculators with taxes, insurance and PMI to calculate mortgage payments for the most popular mortgage programs including FHA loans, VA loans, USDA loans and Conventional mortgages. Click here for our Mortgage Calculator Tools. FHA Mortgage Calculator with Escrows FHA Mortgage calculator with taxes and insurance and PMI for computing… Read more »