Have you ever wanted to make the move out of state but did not know how to go about the process? If you are ready for the big move and Michigan is your destination call Riverbank Finance and speak with our loan officers today!
Michigan has many attractions for people looking to relocate from another state. Although Michigan is mostly known for its lakes and for being shaped like a mitten, these are not the only things that it has to offer. Grand Rapids, for instance, was ranked by Headlight Data as having the fastest growing economy in the United States. There is always something to do. You could go visit Traverse City’s wineries or walk the dunes along Lake Michigan. Whether you enjoy to do Michigan probably has it!
Steps to Make Relocating to Michigan Go Smoothly:
Research! Research! Research!
Research is one of the most important things that you can do to make moving to Michigan feel easy. If you have an idea on what type of location you would like to live in search it on the web. If you are thinking that would like to live along the beach give a place like Grand Haven a try. If hiking and being surrounded by nature is what you want then try the Upper Peninsula. Maybe you are interested in the city life, then give Grand Rapids a.k.a. “Beer City, USA” a try. There is a place for everyone in Michigan as long as you can brave our winters that is!
After determining the area of Michigan that you would like to live in check the stats of that area. What are the rates of unemployment, poverty, and crime in the area? How do the schools compare to others in the state? You should ask yourself what is important to you and what you expect to gain from the place you will live.
Get Pre-Approved for a Home Loan
If you have decided that buying a home in Michigan is the best fit for your family, then the next step is to get pre-approved for a mortgage. Our licensed loan officers here at Riverbank would be more than happy to offer you a free consultation to review home loan options. You can apply for a home loan only, in person or over the phone. During the mortgage pre-approval meeting, your loan officer will review your income, assets and goals and recommend mortgage solutions that fit your needs.
Find a Knowledgeable Michigan Realtor
Now that you have researched potential areas that you would like to live and gotten pre-approved for a mortgage, in its time to find a realtor. Try looking for a realtor that has experience in finding the type of home that you are looking for and in the area that you are looking in. If you know anyone in the area ask them for recommendations or search on the web. Your loan officer may also be able to recommend reputable Realtors to assist with your home purchase. It might also be helpful to find a realtor in your current state to help you sell your current home. It might not be possible for someone to purchase a new home when they are still paying for their current one. Your Realtor should be able to help you coordinate the sale and the purchase of both homes to ensure things go as planned. If you are able to, plan a trip to Michigan to visit the properties before moving here.
Find a New Job in Michigan
As part of the Pre-Approval process, your loan officer will advise you on the requirements to find a new job and get an accepted offer. The job generally should be in the same field that you were working and the pay should be at the very least the same you are making at your current job or more. For those looking to get a job that is bonus or commission based, might want to think again. Lenders will need a similar pay history of 1 to 2 years depending on the program requirements. It is better to wait on getting one of these types of jobs until after you have closed on your loan and settled into your new home.
Call Riverbank Finance at 1-800-555-2098 and speak with our loan officers about your move. Hire those movers, pack up your moving van, and come join us here in the Great Lakes State!