Category: Mortgage Tips

Buy a Home with Just 1% Down!

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. SUBMISSION DEADLINE FOR PROGRAM: MAY 31ST, 2018 Unlike Down Payment Assistance programs, such as MSHDA, there is no 2nd mortgage required.… Read more »

USDA Mortgage Repair Escrow Program

What is a USDA Mortgage? The USDA loan, or Rural Developmental loan, allows for homebuyers to purchase a home with a zero down payment.  This is great for people that want to live in a rural area and get a loan that is truly zero down.  Benefits of getting a USDA loan is that you… Read more »

The Mortgage Process: What Happens After Pre-Approval

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 »

What’s the Deal with Credit Scores?

credit scores

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 »

How a HELOC Can Help You Become Your Own Boss

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 »

What to do when you’re facing foreclosure

If you’re facing foreclosure, you’re not alone. According to RealtyTrac, 1 in every 3,426 homes in Michigan are being foreclosed in 2017. Muskegon is the worst county for foreclosures in the state, with every 1 in 1,063 homes being foreclosed. What should you do when you’re facing foreclosure? Communicate with your lender Your first instinct… Read more »

How High Will Interest Rates Go This Year?

Mortgage interest rates have been slowly increasing since they plummeted following the 2008 financial crisis. Twice this year already, the Federal Reserve has raised interest rates, which, in turn, raises the rate at which banks loan out money for mortgages. But are they done raising rates this year, or could more hikes be on the… Read more »