April 2019

How Will Baby Boomers Affect the Housing Market? Oakland County Mortgage Lender Explains

By |2019-04-26T17:04:35-04:00April 26th, 2019|Real Estate News|

There has been a housing shortage for awhile now, leaving a less than ideal market for millennials and first time home buyers. But Fannie Mae predicts as baby boomers begin to downsize or move into senior care facilities, more housing will be available and prices [...]

Comments Off on How Will Baby Boomers Affect the Housing Market? Oakland County Mortgage Lender Explains

Oakland County Lender Gives Tips for Borrowers Who Are Self Employed

By |2020-01-17T15:41:02-04:00April 19th, 2019|Uncategorized|

Working on a self-employed basis has its pros and cons. One problem that self-employed workers face is getting approved for a mortgage. Common Roadblocks for Self Employed Workers Debt-to-Income Ratio - Debt-to-Income Ratio is the measurement of your total debt compared to your income. This [...]

Comments Off on Oakland County Lender Gives Tips for Borrowers Who Are Self Employed

43% of Next-Home Buyers will Use Previous Mortgage Lender from First Home

By |2019-04-13T13:03:36-04:00April 12th, 2019|Real Estate News|

Most next-home buyers feel more confident with purchasing their second home than they did buying their first. Just like many other first experiences, they have learned from their mistakes as a first-time buyer. In a survey conducted in March for Mr Cooper, Researchscape International found [...]

Comments Off on 43% of Next-Home Buyers will Use Previous Mortgage Lender from First Home

Michigan Portfolio Lender Answers Frequently Asked Questions

By |2019-04-05T19:09:12-04:00April 4th, 2019|Portfolio Loans|

At Main Street Bank we offer many loan products and creative solutions to accommodate the various needs of our borrowers. For example, many homebuyers are more than qualified for a loan, but they do not meet the guidelines for a conventional loan because the property [...]

Comments Off on Michigan Portfolio Lender Answers Frequently Asked Questions