News and Updates in our home turf Grand Rapids, MI.
The process of getting a home loan when self-employed does not have to be difficult if you are prepared. While the self-employed enjoy the freedom to work when and how they want, full-time employees benefit from getting the same paycheck month-to-month from long-established companies. In the eyes of lenders, that gives them a sense of security… Read more »
What you need to know about buying a vacation home You’ve been comfortably settled into your home for quite some time now, and you are financially stable. You may be nearing retirement or are craving a place of relaxation and leisure where you and your loved ones can get together without the hassle of booking… Read more »
5 Reasons Why You Shouldn’t Wait to Buy Timing can mean the difference between getting a home at a good value or missing out completely. Right now, the West Michigan housing market is red hot. If you are thinking about buying a house in West Michigan, here are five reasons you shouldn’t wait much longer: 1)… Read more »
Michigan’s Marital Signatory Requirements Effective today April 6th, 2017, both spouses will no longer be required to sign documents (mortgage, rescission, Loan Estimate (LE), Closing Disclosure) unless required by Michigan’s Homestead Law. Prior to this law change, Michigan’s Laws required that female spouses sign mortgage documents to acknowledge liens place on real estate. History of Dower Rights… Read more »
Buying a Home with Student Loan Debt In a few short months, thousands of college students across the country will walk across a stage, shake a hand, and graduate from a university with a degree and more than likely… a whole lot of debt. Student loans are often necessary to reach your educational goals, but… Read more »
Bankers and Lenders and Brokers, Oh My! Mortgage Bankers When many prospective homebuyers think about getting pre-approved for a mortgage, they picture their local bank. They stop by the nearest branch, are greeted by a friendly teller, and ask to speak to a loan officer. There’s nothing inherently wrong with this concept, but it certainly… Read more »
2019 Jumbo mortgage limits are based on guidelines set by Fannie Mae and Freddie Mac. Most consider a Jumbo Loan anything over the conforming limit which is currently set at $484,350 however this may differ depending on the type of financing you are seeking. Referencing he Conforming loan limits for 2019 is the best resource to… Read more »
Buy a Home with No Closing Costs An alarming number of first time homebuyers are unaware that mortgages involve closing costs, and which often creates a financial obstacle. Here, we’ll explain not only what closing costs are, but more importantly, how to avoid paying them! What are Closing Costs? Closing costs are additional fees a… Read more »
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