Category: First Time Home Buyer

Do I need a Mortgage Pre-Approval to buy a Home?

Mortgage Pre-Approval

A mortgage pre-approval is given when a loan officer has looked in depth into your finances and has calculated the amount that you are likely approved to borrow to buy a home. They will base your pre-approval on estimated monthly payments, loan amount and mortgage rate. Homebuyers may need a mortgage pre-approval before they are… Read more »

Michigan’s Top Real Estate Agents: How to Find a Rockstar Realtor

Finding a rockstar realtor

When searching for Michigan’s top real estate agents, doing your research is crucial. A real estate agent is like your secret weapon, guiding you through the market, negotiating on your behalf, and ensuring your needs are met. From qualifications and experience to communication skills and personal compatibility, these tips will help you make an informed… Read more »

Purchase a Home with a 1% Down Mortgage

1 percent down home loan

Riverbank Finance LLC is excited to offer the new Conventional 1% Down with Equity Boot home loan program. This program is better than 99% financing. You purchase a home with a 1% down payment and we will pay up to a 2% down payment towards your home purchase! Important Update! New program now available as… Read more »

How to use Mortgage ChatGPT to Simplify the Mortgage Process

mortgage chatgpt ai chatbot

What is ChatGPT and How do I use it for Mortgages? The process of obtaining a mortgage can be daunting, especially for those who are first-time homebuyers or unfamiliar with the process. There are many steps involved, including researching mortgage options, filling out applications, submitting documentation, and working with lenders to secure a loan. Additionally,… Read more »

Buying a Home with Bad Credit: What You Need to Know

buying a home with bad credit

Buying a home is a dream for many, but for those with bad credit, the process can seem daunting. The good news is, it’s still possible to buy a home with bad credit, but it may require some extra effort and planning. In this article, we’ll break down the steps you need to take to… Read more »

Is 2023 a Good Time to Buy a Home or will we see a Crash?

is 2023 a good time to buy a home.=

You may be wondering, is 2023 a Good Time to Buy a Home? If you have been paying attention to the housing market for the past few years, you will know that it’s been a wild ride. Many families hoped to buy a home during 2020 and 2021 to take advantage of the extremely low… 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 »