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 to get pre-approved for a mortgage

Things to avoid when buying a home in Michigan.

If you are new to the home-buying process, you are probably aware that one of the best first courses of action is to get pre-approved before you start house hunting. So, you head to your bank or financial institution, but you have no idea what goes into the process of pre-approval. What do you need… 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 »

Will changes to HARP hurt or help mortgage seekers?

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 »

How to avoid or get rid of PMI

Private Mortgage Insurance (PMI) protects the lender in case you default on your loan. In most cases, unless you have a 20% down payment, you would have to pay PMI. But if that sounds like one more expense you can’t afford, here are some ways you can avoid PMI or get rid of it if… Read more »

How can I lower my monthly mortgage payments?

So, you’ve had a home for awhile, but you feel like your budget is just too tight. You scrimp and save, but it’s never enough. If the biggest expense you have is your mortgage, maybe it’s time to refinance your mortgage. Refinance to a lower rate Rates are very low. Right now, for a 30-year… Read more »