Are you considering buying a house but not sure if now is the right time? It’s a big decision, and it’s important to carefully consider all of the factors before making a move. In this guide, we’ll explore a few key points to help you determine if now is the right time for you to… Read more »
GRAR ReBar 2023 is an Event not to be Missed!
GRAR ReBar 2023 represents a learning real estate camp held at a bar (R.E. Bar- camp) that promotes sharing winning tips, tricks and strategies to be successful in the Real Estate World. Show up to meet and mingle with industry experts in real estate, insurance, title and mortgage lending. This relaxed environment of sharing will… Read more »
Is a Cash-out Refinance Mortgage Right for Me?
What is a Cash-out Refinance Mortgage? A cash-out refinance mortgage is a type of home loan where the borrower takes out additional cash beyond the amount due on their existing mortgage. The extra cash is used to pay off debts, make home improvements, or for other expenses. What are the Benefits of a Cash-out Refinance… Read more »
Michigan Borrowers Now Ready For 2023 Conventional Loan Limits
2023 Conventional Loan Limits jump as home values have continued to increase at a record breaking pace throughout 2022. Between the third quarters of 2021 and 2022, homes appreciated 12.21 percent on average (slightly slower than 18.05% between 2020 and 2021). The FHFA uses this metric to calculate the 2023 maximum conventional loan limits. The… Read more »
Top 10 Uses for a Home Equity Line of Credit
Many homeowners are using their home’s equity to secure a home equity line of credit. A HELOC is typically a second mortgage with interest only payments and low rates compared to credit cards or unsecured debts. Don’t miss out on these top 10 uses for HELOCs. 1. A HELOC can help you consolidate your debt… Read more »
Down Payment Assistance to Buy a Home in Michigan with BorrowSmart
Buy a home using down payment assistance in Michigan with Freddie Mac’s BorrowSmart Program. Homebuyers below the Area Median Income (AMI) Limits can receive up to $2500 in down payment assistance. The program is available only for purchase loans being used as a primary residence. Homebuyers may be eligible with a credit score of at… Read more »
Did Michigan Mortgage Rates Blast Off in 2022?
If you listen to the news, you will get fed consistent updates about how mortgage rates are jumping and how housing markets may be in a bubble. It is no wonder why the average home buyer may second guess their timing to buy a home in 2022. It is true that mortgage rates have shot… Read more »
Second Home Loan Rates Skyrocketing in 2022
Fannie Mae has announce that they will be raising rates on second home loan for all purchases after April 1st, 2022