Category: Local Michigan

News and Updates in our home turf Grand Rapids, MI.

Mortgage Assumption Step by Step Guide: How to Take Over Someone Else’s Mortgage

How to complete a mortgage assumption

With a high rate mortgage environment, savvy buyers and sellers are utilizing a powerful financing strategy: mortgage assumption. An assumable mortgage allows a buyer to take over the seller’s existing loan, including its original terms, interest rate, and remaining balance. This option can be valuable where mortgage rates are high saving buyers thousands of dollars… Read more »

The Ultimate Home Maintenance Checklist: Keep Your Home Running Smoothly

Home Maintenance Checklist by Season

Owning a home is the American dream, but it also comes with the responsibility of keeping up with maintenance. Feeling overwhelmed? Don’t worry! This ultimate home maintenance checklist breaks down essential tasks into manageable monthly and seasonal to-dos, ensuring your home stays in top shape all year long. From cleaning your garbage disposal to winterizing… Read more »

2025 Conventional Loan Limits in Michigan

2025 Conventional Loan Limits

2025 Conventional Loan Limits in Michigan have been put into action, jumping up yet again as home values have continued to increase throughout 2024. While the FHFA has not officially announced the 2025 Conventional Loan Limits, many lenders have announced that they have begun accepting loans up to $806,500. Each year, the FHFA adjusts the… Read more »

30 Year Mortgage vs 15 Year Mortgage: Which is the Best?

Deciding between a 30 year or 15 year mortgage term.

When you are buying a home or refinancing a mortgage, an important decision is to compare a 30 Year Mortgage vs 15 Year Mortgage. Each include their own financial strategy with that may compliment your family’s goals. Let’s dive into the details, compare these two popular options, and see what loan term might be the… Read more »

GRAR ReBar 2024 is an Event not to be Missed!

Grand Rapids REBAR 2024

GRAR ReBar 2024 represents a learning real estate camp held at a bar (R.E. Bar- camp) that promotes sharing winning tips, tricks and strategies to be successful in the Real Estate World. Show up to meet and mingle with industry experts in real estate, insurance, title and mortgage lending. This relaxed environment of sharing will… Read more »

The First-Generation Homebuyer Loan to Assist New Buyers

loan program for first generation homebuyers

On May 1st, 2024 the FHFA announced the First-Generation Homebuyer Loan program. This is a home loan targeted at homebuyers whose parents have not owned real estate. Those who qualify under this loan may receive discounted mortgage rates, down payment assistance or help with closing costs. This new program is part of their Final Rule… Read more »