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All throughout school we are graded. After graduation we tend to have the mindset “YES! I passed! No more teachers, no more grades!” However, that is not the case – not at all. From childhood into the first few years of our adult lives we receive report cards stating how well we did on an… Read more »
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Category: Local Michigan
News and Updates in our home turf Grand Rapids, MI.
Tips to Avoid Closing Delays when Buying a Home
Mortgage Closings are stressful. Let’s not add to it! Congratulations! You have found the home of your dreams! You have all of your documentations in order! You are ready to move in! All you have to do is close on your mortgage! But wait, did something go wrong that could potentially prolong your loan closing?… Read more »
Let’s Pay Our Mortgage, Then Our Credit Cards!
When you pay your bills, how do you prioritize? Credit cards, mortgage, other bills? Mortgage, credit cards, other bills? The normal payment hierarchy, which mortgage lenders expect, ranks mortgages as the top priority when paying bills. This hierarchy was not managed during The Great Recession – and as most of us personally know, still has… Read more »
It’s your first home, don’t let credit hold you back!
Credit is Crucial! When you start thinking of buying a home one of the first things you should do is check your credit score. Contact a loan officer at Riverbank Finance to get a free credit report (or get an instant credit report online now). If you find that you don’t have good credit, you… Read more »
The Housing Market is Recovering Thanks to Expanded FHA Guidelines
Major economic growth has happened within the last few years. This growth has allowed the housing market to build back up from the Great Recession – bringing home prices up as much as 13% in the past year! This has help to aid many underwater homeowners to the surface – that is, if they have… Read more »
Free Mother’s Day Gift Ideas
At Riverbank, it is our goal to help save you money so why not start by cutting down the costs of making mom happy. Don’t let Mother’s Day transition into feelings of stress rather than of love and happiness. Thankfully for you, Riverbank Finance has come up with a list of the top ten mother… Read more »
New MSHDA Grant | MSHDA Down Payment Assistance Flaws
What everyone is referring to as the new MSHDA grant is not free money. Actually, it is not even a grant. It is a second mortgage that may be used in place of a down payment when buying a new home in the form of down payment assistance. Contrary to what most people assume,… Read more »
2014 USDA Rural Development Loan Eligibility Updates
The National USDA Office in Washington DC has confirmed that they will be using 2010 Census data to update the USDA Rural Development program eligibility maps. Current USDA maps are based on the dated 2000 Census data. This change will not take effect until October 1st, 2014 however the changes will affect many areas nationwide… Read more »
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