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Buy a Home with only a 3% down payment with Freddie Mac’s 97% Home Loan! If you are a first-time home buyer or struggle to come up with a conventional down payment for a house, the FHA Loan is no longer your only option. Freddie Mac’s new Home Possible Advantage program is a conventional loan… Read more »
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Author: Anthony Bird
My name is Anthony Bird, an owner of Riverbank Finance, a Grand Rapids Mortgage Company, based here in Michigan. I am a graduate from Grand Valley State University majoring in both Business Management and Marketing. I have been a mortgage professional in Michigan for 6 Years with experience as a retail bank loan officer as well as for private mortgage companies.
Riverbank Finance is a local mortgage company that values community and the West Michigan Area. We hire only licensed loan officers that can custom tailor loans for our client's needs.
If you have any real estate or mortgage questions, call me at 616-365-5792 or email me at info@riverbankfinance.com and I will do whatever it takes to help. Learn more about me on my Google Profile: About Anthony Bird. I look forward to hearing from you soon!
FHA Lowers Mortgage Insurance Premiums for 2015
The Federal Housing Administration has announced that they will be reducing the mortgage insurance premiums (sometimes called PMI or MIP) charged on all FHA loans. The rate reduction will be nearly half the current costs cutting the insurance premiums down from 1.35% to .85% annually. This is great news for new home buyers and those… Read more »
Updates for Fannie Mae Conventional 97% Mortgage Loans
FANNIE MAE CONVENTIONAL 97% MORTGAGE LOANS A Conventional 97% mortgage loan is a Fannie Mae home loan that allows homeowners to purchase a home with only a 3% down payment. It is a great misconception that all conventional mortgage loans require a 20% down payment however many options for alternative financing do exist with low down payments… Read more »
New Loan Estimate Form and Closing Form for 2015
November 20th the Consumer Financial Protection Bureau (CFPB) released a nearly 2,000 page document relating to RESPA disclosures and Real Estate Closings (If you have a month of free time click here to read). These forms are known as the “Know Before You Owe” mortgage disclosures. This final rule applies to all clients applying for and closing… Read more »
VA Home Loans for Military Veterans | Free Appraisal
About Veterans Day As the United States continues fighting overseas, the population of military veterans continues to increase. According to the most recent Census information there are over 21 million veterans that have served our country. The growing population of veterans struggle to receive proper healthcare and are faced with repeated VA hospital related scandals… Read more »
FHA Construction Loans
What is the FHA One time close construction loan program? Conventional construction loans are typically difficult to qualify for and require very large down payments however the FHA has introduced a construction loan program for the average family. Qualifying is easy with flexible credit guidelines and low score requirements. The best part is that a… Read more »
5 Reasons why Now is the Time for a Cashout Refinance Home Loan
A Cashout refinance home loan is a mortgage that pays off your current loan by refinancing and provides the homeowner with funds at closing to pay off debt, complete home repairs or simply as cash in hand. Recently mortgage rates fell to the lowest they have been in 16 months. This may make it the right… Read more »
Map of Average Mortgage Balances by State
In an article released by Business Insider analysts break down the average mortgage balances by state including the US average mortgage balance. Using statistical information provided by one of the main three credit bureau reporting agencies, Experian’s Decision Analytics, analysts created a heat map demonstrating the hot zones for high mortgage debt. Ranking in the top five for… Read more »
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