Metro Detroit Lender Explains the Challenge of Student Loan Debt When Buying a Home Unfortunately, student loan debt has made the dream of homeownership seem impossible for many Americans. According to the National Association of Realtors, 45 million people in the United States have student [...]
Even though home prices continue to skyrocket, first time buyers are still surpassing repeat buyers shopping for a home, according to a recent report from the Urban Institute. Of course this is not a new trend as first-time homebuyers have dominated the real estate market for [...]
Many experts are in agreement that the biggest problem facing the market is the supply-demand imbalance. So why aren’t there enough houses to buy? Homeowners May Not Have Enough Equity to Sell Even if homeowners are not underwater on their mortgage (owing more than [...]
Mortgage Lender in Metro Detroit Gives Tips on Building Home Equity Home equity is calculated by taking your home’s total value and subtracting money that you owe on the loan. You home equity will increase as you pay off your mortgage or if your home [...]
