Are you tired of renting but don't think you would qualify for a home loan? You are not alone. Maybe you find it challenging to come up with a 20% down payment. Perhaps you have had a foreclosure or bankruptcy and think you will never [...]
If you’re in the market to buy a new home in Clinton Twp. or anywhere throughout Metro Detroit this Spring, you will find that housing inventory is lower than demand and mortgage rates are on the rise. This is what is called a seller's market [...]
Michigan Mortgage Lender Discusses Collections, Charge Offs and Profit & Loss Charge Off and Profit & Loss (P&L) A charge-off is where debt is no longer an asset to the creditor and instead is considered a business loss because that debt has been determined uncollectible. A [...]
One of the challenges that people face, especially those that are first time home buyers is coming up with a down payment. Although there are several loans that require lenient down payments such as Michigan FHA loans - which only require a 3.5% down payment, [...]
