Category: Buying a Home

USDA Guarantee Fee Dropping October 2011

Posted on September 28, 2011 by - Buying a Home, Local Michigan, Refinance

Starting October 1 2011 the USDA guarantee fee will drop to 2% of the total loan amount down from the current 3.5%. The USDA has decided to transition into an annual fee model similar to the FHA (Federal Housing Administration). An annual fee of .3% of the loan amount will be charged on a monthly… Read more »

What Mortgage Can I Afford

Posted on June 23, 2011 by - Buying a Home, Local Michigan

When the time is right for you to start shopping for a mortgage the best question to ask yourself is “What Mortgage Can I Afford?”  While there is no easy answer to this question there are a few steps you can take to make sure you are getting a mortgage with affordable mortgage payments for… Read more »

Grand Rapids Cheap Homes for Sale

Posted on May 28, 2011 by - Buying a Home, First Time Home Buyer, Local Michigan

 Grand Rapids, MI makes another top 10 list on Cnn.com for the top 10 dirt-cheap housing markets. Grand Rapids is no stranger to Cnn.com’s top ten lists for bargain housing purchases however the new list released by Cnn.com showcases Grand Rapids’ cheap homes for sale. Out of the 25,375 United States Cities (according to the… Read more »