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How Long Do I Plan to Live in the House? Before you decide to buy a home you should review your goals and timelines. It is important to know how long you plan to live in your home. Each timeline will have different goals for financing so plan this up front to save the most… Read more »
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Category: First Time Home Buyer
Why Michigan Mortgage Rates Dropped in 2019
March 2019 was the best month for Michigan Mortgage Rates in a Decade! Refinance your mortgage and Lock in a Low Rate!
FHA vs Conventional Loans
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
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
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
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
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
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 »
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