Tag: michigan mortgage

30 Year Mortgage vs 15 Year Mortgage: Which is the Best?

Deciding between a 30 year or 15 year mortgage term.

When you are buying a home or refinancing a mortgage, an important decision is to compare a 30 Year Mortgage vs 15 Year Mortgage. Each include their own financial strategy with that may compliment your family’s goals. Let’s dive into the details, compare these two popular options, and see what loan term might be the… Read more »

Is 2023 a Good Time to Buy a Home or will we see a Crash?

is 2023 a good time to buy a home.=

You may be wondering, is 2023 a Good Time to Buy a Home? If you have been paying attention to the housing market for the past few years, you will know that it’s been a wild ride. Many families hoped to buy a home during 2020 and 2021 to take advantage of the extremely low… Read more »

What to do when you’re facing foreclosure

If you’re facing foreclosure, you’re not alone. According to RealtyTrac, 1 in every 3,426 homes in Michigan are being foreclosed in 2017. Muskegon is the worst county for foreclosures in the state, with every 1 in 1,063 homes being foreclosed. What should you do when you’re facing foreclosure? Communicate with your lender Your first instinct… Read more »

Use Your Tax Refund as a Down Payment on a Home

Use Your Tax Refund as a Down Payment on a Home One of the biggest roadblocks to homeownership for prospective first time homebuyers is the down payment. Given the cost of rent, utilities, student loan debt, and many other expenses, it is hard to save up thousands of dollars for a down payment. Some first… Read more »

Housing Inventory Reaches 18-Year Low

Housing Inventory Reaches 18-Year Low The number of active listings dropped again last month to the lowest level since 1999, according to the National Association of Realtors.  Only 1.65 million homes are available for sale, which equates to roughly 3.6 months of inventory nationwide.  This figure is downward from the 3.9 months of inventory reported in December… Read more »

7 Mortgage Myths Debunked

7 Mortgage Myths Debunked It is no secret that the home buying process is a long and complicated one. Getting started can be intimidating and confusing, so we’ve compiled a list of common mortgage myths we hear from our clients. Here, we’ll break them down and explain the truth about mortgages, in plain English. 1.… Read more »

Millennials, Mortgages and Homeownership

Millennials, Mortgages & Homeownership It is no surprise that millennials, generation aged 18-34, make up more than 40% of homebuyers today. Follow these simple steps to join your peers on the path to home ownership. Don’t Wait Forever If you find yourself waiting for the perfect house, at a great price, and the lowest rate,… Read more »