News and Updates in our home turf Grand Rapids, MI.
There are several reason why you might benefit from refinancing your home. Many people choose to refinance to simply lower their interest rate while others have goals of doing home improvements or debt consolidation. Depending on your financial goals, refinancing your mortgage may be a smart choice. Refinance to a lower rate Refinance to a… Read more »
Important Update! Program discontinued 06/01/2024! Please see our new Zero Down DPA Program! Buy a Home with Just 1% Down and get up to a 2% Lender Gift towards your down payment. Buying a home has never been more affordable with our low down payment Conventional Mortgage. Unlike Down Payment Assistance programs, such as MSHDA,… Read more »
Have you ever wanted to make the move out of state but did not know how to go about the process? If you are ready for the big move and Michigan is your destination call Riverbank Finance and speak with our loan officers today! Michigan has many attractions for people looking to relocate from another… Read more »
On November 28, 2017, it was announced by the Federal Housing Finance Agency, or FHFA, that for 2018 the baseline loan limit for conforming loans will increase from $424,100 to $453,100. This is due to raising house prices and real estate appreciation. According to the FHFA, from the third quarter of 2016 to the third… Read more »
Congratulations! You passed the pre-approval stage for getting a home, but what happens next? Once you have a pre-approval letter from your lender, you can start looking for a home to purchase. Keep in mind that the letter is only good for 60 to 90 days, depending on the type of approval you received. Why… Read more »
The History of Credit Scores Credit reports and scores have played a large part in many Americans’ lives, but what do we really know about credit scores? Before the use of credit scores, it was up to lenders to decide whether a person would be granted a loan. This method was not always the best… Read more »
Michelle Huizinga is a hairdresser in West Michigan, but you won’t find her at a retail salon near a grocery store. Instead, Michelle, like many enterprising entrepreneurs, works from her own home. Through a room she renovated in her home, Michelle now sees her clients and her children with no travel time. “I started working… Read more »
If you’re seeking to refinance after October 1, 2017, you should know there are some changes coming from Freddie Mac regarding HARP. HARP, or the Home Affordable Refinance Program, is in the waning years of its existence, which is a good thing. How Freddie Mac is changing, in relation to HARP, could be a benefit… Read more »
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