FHA Loan: What Is It and What Are the Benefits of Getting One
FHA Loan: What is it and What are the Benefits of Getting One? Those looking to purchase a new home are tasked with choosing between a number of different financing options. One of the more popular loan varieties among first-time home buyers is what is known as an FHA loan. These loans are insured by […]
When and Why to Refinance Your Mortgage
When and Why to Refinance Your Mortgage Have you considered refinancing your home but aren’t sure the time is right? There are several reasons a homeowner may choose to refinance, but it’s essential to weigh all available options before making such a significant commitment. On average, borrowers who chose to refinance their 30-year fixed-rate mortgage […]
Why You Should Use a Mortgage Loan Calculator
Recent research shows that first-time home buyers account for roughly 45% of all home buyers nationwide. If you’re just starting your home-buying journey, it can be challenging to know where to begin without assistance. Before you can hit the ground running, you must clearly understand what you’re looking for and – perhaps more importantly – […]
Loan and Mortgage Platform for Home Buyers: What You Need to Know
The mortgage process is complicated, and it can be challenging to find the right lender. There are many factors to consider, such as the interest rate, down payment, and credit score. And while there are many lenders out there that offer these services, it can take time to know which one is best for you. […]
Here is What You Need to Know About Mortgage Closing Costs
If you’re a first-time homebuyer, it’s likely you have an idea about how much you can afford to spend on a home and that it’s in your best interests to pay a down payment. Yet, many first-time homebuyers forget that there are also mortgage closing costs involved when buying a home. In our article, we’re […]
A Guide to Buying Your First Home in Michigan
According to market research, it’s believed that 2.38 million Americans became first-time homeowners in 2020. More people are choosing to forego renting in favor of buying homes in Michigan. If you’re considering becoming a first-time homebuyer, you’re likely unsure what the process would entail. Fortunately, home buying is not as challenging as you might believe. […]
Everything You Need to Know About Refinancing An Adjustable Rate Mortgage In Michigan
When you went through the stages of new home purchasing years ago and decided on an adjustable-rate mortgage, you might now be considering other home equity loans. If you want to refinance your loan but you’re not sure about how to go about it, or if you should even consider it, you have come to […]
Why Should I Take Cash Out On My Home?
According to the Wall Street Journal, record numbers of mortgages were undertaken in 2022 thanks to an estimated $2.8 trillion in cash-out refinances. Evidently, refinancing is on the rise, as is home buying in Michigan. According to accounts, 18 luxury homes were bought in Michigan for more than $4 million in 2021. Yet, why should […]
