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Conventional Loans are home loans that conform to the underwriting guidelines set by the Government Sponsored Entities, Fannie Mae and Freddie Mac. In the past, conventional loans were only for elite borrowers that had 20% or more for their down payment. Times have since changed opening up great new programs for low to middle income… Read more »
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Search Results for: down payment assistance
Conventional Loan vs FHA Loan vs VA Loan vs USDA Home Loans
When shopping for a mortgage it is a good idea to compare loan options. Many lenders offer a variety of home loans that might fit your needs. Each mortgage options has it benefits and weaknesses that should be considered for your individual loan needs. Lending guidelines are not the same for all mortgage lenders. All… Read more »
Budgeting to Become a Homebuyer
You have found yourself in debt, but you have also found yourself wanting to buy a home. You want to pay off the money that you owe all while saving up money for your dream home. It is possible? First off, you should know that you are not alone. Many people find themselves in situations… Read more »
8 Common Mortgage Questions
For some, buying a home can be a scary experience, but it doesn’t have to be. The first step of the homebuying process should be to do research. Researching is one of the most important things that future homebuyers could and should do. Here are some commonly asked questions about mortgages and the homebuying process.… Read more »
Michigan First Time Home Buyer Grant | Free $3000 MSHDA Credit for first time home buyers
**This program has expired – please visit No Down Payment Mortgage for other options.** Homebuyer Assistance and HARP Refinance Grant Programs Due to the National Mortgage Settlement, Michigan received $97.2 million for the purpose of creating the Homeowner Protection Fund and has created 2 new programs for the mortgage industry. 1. HOMEBUYER ASSISTANCE – $15 million… Read more »
Mortgage Assumption Step by Step Guide: How to Take Over Someone Else’s Mortgage
With a high rate mortgage environment, savvy buyers and sellers are utilizing a powerful financing strategy: mortgage assumption. An assumable mortgage allows a buyer to take over the seller’s existing loan, including its original terms, interest rate, and remaining balance. This option can be valuable where mortgage rates are high saving buyers thousands of dollars… Read more »
Home Value Estimator: How to Accurately Calculate Your Home’s Worth in 2025
Want to know how much your home is worth? Use this guide on home value estimators to understand key factors, online tools, and expert tips to maximize your property’s value in 2025.
The Family Opportunity Mortgage: An Affordable Solution To Buy A Home For Your Parents
Are you considering a long term care or assisted living facility for your parent’s housing? These options can be very costly and something independent loved ones may unwilling to consider. Using the Michigan Family Opportunity Mortgage, you may be able to buy a home for your parents with a low down payment and affordable mortgage… Read more »
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