Category: First Time Home Buyer

FHA vs Conventional Loans

Posted on March 20, 2019 by - Buying a Home, FHA Mortgage, First Time Home Buyer, Local Michigan, Mortgage Tips

Conventional Loans are home loans that conform to the underwriting guidelines set by the Government Sponsored Entities, Fannie Mae and Freddie Mac.  In the past, conventional loans were only for elite borrowers that had 20% or more for their down payment. Times have since changed opening up great new programs for low to middle income… Read more »

Top 3 Myths About Using a Mortgage Broker

Posted on February 23, 2019 by - First Time Home Buyer, Local Michigan, Mortgage Tips

Mortgage Broker Myth #1 One of the biggest myths of using a Mortgage Broker is that they do not have control of the underwriting process. Many retail lenders and banks claim this because they have employees that underwrite the file whereas a mortgage broker works directly with the end investor to underwrite the file. Retailers… Read more »

How to get the Best Mortgage Loan

Posted on October 5, 2018 by - Buying a Home, First Time Home Buyer, Local Michigan, Mortgage Tips

When it comes to home loans, there are hundreds of loan programs and options that you may want to consider. Many first time home buyers do not know where to start when they want to buy a home. It is overwhelming to most people who do not have experience buying a home or getting a… Read more »

Breakdown Your Credit Score

Posted on August 14, 2018 by - Buying a Home, First Time Home Buyer, Mortgage Tips

Credit Score Breakdown

When buying a home, your credit score is an important factor in your home loan approval. It is important to know what is on your credit and what credit score you have when applying for a mortgage. While, the exact scoring models are proprietary and not released by the credit bureaus to the public, credit… Read more »

5 Steps to do When you get Denied for a Mortgage

Posted on May 11, 2018 by - Buying a Home, First Time Home Buyer, Local Michigan

mortgage denial

The feeling of rejection can be overwhelming especially if it is for a mortgage denial. If you applied for a mortgage to buy a home, chances are you were making major plans in your life to prepare for your move. You were probably excited and told friends and family and now must deal with the… Read more »

How to Get Your Offer Accepted

Posted on May 3, 2018 by - Buying a Home, First Time Home Buyer, Low Down Payment Loans, Mortgage Tips

tips to get your offer accepted

If you have been searching for a house in the last couple of years, you will be familiar with what the real estate industry calls a “lack of inventory”.  This means that there are more people looking to buy houses than there are people interested in selling homes and there is more competition on each home. … Read more »