Top 10 Uses for a Home Equity Line of Credit

Now offering HELOC mortgages

Many homeowners are using their home’s equity to secure a home equity line of credit. A HELOC is typically a second mortgage with interest only payments and low rates compared to credit cards or unsecured debts. Don’t miss out on these top 10 uses for HELOCs. 1. A HELOC can help you consolidate your debt… Read more »

Down Payment Assistance to Buy a Home in Michigan with BorrowSmart

Michigan BorrowSmart Down Payment Assistance Program

Buy a home using down payment assistance in Michigan with Freddie Mac’s BorrowSmart Program. Homebuyers below the Area Median Income (AMI) Limits can receive up to $2500 in down payment assistance. The program is available only for purchase loans being used as a primary residence.  Homebuyers may be eligible with a credit score of at… Read more »

Did Michigan Mortgage Rates Blast Off in 2022?

Did mortgage rates blast off in 2022?

If you listen to the news, you will get fed consistent updates about how mortgage rates are jumping and how housing markets may be in a bubble. It is no wonder why the average home buyer may second guess their timing to buy a home in 2022. It is true that mortgage rates have shot… Read more »

2022 Conventional Loan Limits in Michigan

2022 Loan Limits in Michigan

With home values appreciating at a record breaking clip, the maximum conventional loan limit has also increased a substantial amount for 2022. The Federal House Finance Agency (FHFA) reviews home sales data on an annual basis and adjusts the max conforming loan limit to the rate of appreciation using the FHFA House Price Index (FHFA… Read more »