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Everyone has been affected in some way by the big hit the housing market recently took. There are still plenty of foreclosures out there along with people spending money on mortgages they can’t afford to spend. Luckily, Grand Rapids Mortgage Rates are one of our specialties. We here at Riverbank Finance love to help out… Read more »
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FHA Streamline Refinance Update
It seems the Federal Housing Administration (FHA) is making its mortgage program (FHA Streamline Refinance) even more affordable. Allowing for hundreds of thousands of additional homeowners to reap the awesome benefits of today’s low mortgage rates. Their goal is to reduce the mortgage fees and mortgage insurances to all homeowner’s that qualifies. These lower fees… Read more »
Obama’s HARP 3.0 Proposal
The Home Affordable Refinance Program (HARP), which was originally proposed by President Obama, may be expanded for the third time. The program has been in effect for a while now and it seems as if it may undergo yet another transformation to help additional homeowners refinance. Our previous blog post covered the transition to HARP… Read more »
Michigan Vacation Land
Thanks to the web, our mitten state of Michigan has been gaining quite a bit of popularity. Articles seem to appear almost every month on the front page of popular websites like Yahoo that make Michigan look great. We’ve had articles about Holland being one of the “nicest” places to live, Grand Rapids being the… Read more »
Home Prices to Rise in 2012
Some more great news has just been released in regards to the housing market. No longer are the days of dark clouds looming overhead. We now have a clear-cut indication that things are improving (all be it slowly, but still improving). Overall home values are expected to begin rising as early as the end of… Read more »
15 Year HARP Refinance
Many homeowners that have purchased their homes and have been paying their mortgage down payment after payment are unsure if they should refinance back to a 30 year mortgage. With the goal of someday retiring, starting up another 30 year mortgage may not be an option for your financial plan therefore you should look at… Read more »
Bank Settlement Becoming a Nightmare
Remember that massive $26 billion bank settlement that homeowners long rejoiced about? The one that brought homeowners that were facing potential foreclosure a bit of salvation? Yeah well it’s not quite what it’s cracked up to be. When the huge settlement between some of the nation’s largest banks was announced, people expected to receive major… Read more »
Home Values at 10 Year Low
2012 began with quite a bang in the housing market but it was far from a good thing for current homeowners. It was reported back in January that overall home values were down for the fifth straight month. Which brought home values down to their lowest point in about ten straight years. The average home… Read more »