Category: Refinance

Fannie Mae RefiNow Mortgage

Posted on May 28, 2021 by Anthony Bird - Local Michigan, Mortgage Rates, Refinance

New Michigan RefiNow Mortgage introduced to save low-income borrowers thousands by refinancing to lower rates. Lower Costs. Appraisal Waivers Possible.

2021 Conventional Loan Limits

Posted on December 15, 2020 by Anthony Bird - Buying a Home, Local Michigan, Mortgage Tips, Refinance

Each year the Federal Housing Finance Agency (FHFA) reviews home appreciation and makes adjustments to the maximum conventional loan limits. With our booming housing market the FHFA was able to increase the new conforming loan limits substantially for 2021. Conventional loans are home loans sold to Fannie Mae and Freddie Mac. Nearly all banks and… Read more »

New Maximum Conforming Loan Limits for 2020

Posted on November 27, 2019 by Anthony Bird - Local Michigan, Mortgage Rates, Refinance

Conventional Loans are now bigger and better. The Federal Housing Finance Agency (FHFA) announced the new conforming loan limits for mortgages sold to Fannie Mae and Freddie Mac in 2020. In most of the U.S., the new 2020 maximum conforming loan limit for one-unit properties will be $510,400. This is an increase from $484,350 in… Read more »

What are Today’s Mortgage Rates?

Posted on September 15, 2019 by Anthony Bird - Buying a Home, Local Michigan, Mortgage Rates, Mortgage Tips, Refinance

There is a lot of confusion when it comes to mortgage rates. You may see rates on the news, TV commercials, internet ads and promotions at your bank but what really are the today’s mortgage rates? The answer to this question is not straight forward to understand. When it comes to mortgage rates, there is… Read more »

How to Lower your Interest Rate without an Appraisal

Posted on July 10, 2019 by Anthony Bird - Local Michigan, Mortgage Rates, Mortgage Tips, Refinance

How to drop your mortgage rates. No Appraisal Required.

Did you know that many loans do not require an appraisal to drop your interest rate on your mortgage? One of the largest hurdles for people considering a rate reduction refinance is the up-front cost of an appraisal. The good news is that there are options to lower your rate with no appraisal required! How… Read more »

Free Conventional Appraisals

Posted on August 31, 2018 by Anthony Bird - Buying a Home, Mortgage Tips, Refinance

We have some exciting news! Conventional Appraisals are now FREE for new loans submitted to us from 08/26/2018 that close by 12/31/2018! Free Conventional Purchase Loan Appraisals If you are buying a home, then take advantage of the our Free Appraisal program to keep up to an extra $525 in your pocket when we take… Read more »

Should I Refinance My Mortgage?

Posted on January 18, 2018 by Anthony Bird - Home Affordable Refinance Program, Local Michigan, Mortgage Tips, Refinance

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 »

Will changes to HARP hurt or help mortgage seekers?

Posted on October 2, 2017 by - Home Affordable Refinance Program, Local Michigan, Refinance

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 »