June 2019

Most Renters Regret Not Buying a Home: Metro Detroit Lender Explains

By |2019-06-28T16:48:41-04:00June 28th, 2019|First Time Home Buyer|

According to the Zillow Housing Aspirations Report, 45% of those surveyed said that one of their greatest regrets is renting rather than buying – which is five times the number of homeowners (8%) who regret buying instead of renting. The report also found that renters [...]

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Rochester, MI Mortgage Lender Explains: Interest Rates Rise But Still at One Year Low

By |2019-06-21T14:33:04-04:00June 21st, 2019|Real Estate News|

The average U.S. rate for a 30-year fixed mortgage rose from 3.82% to 3.84% this week according to the latest Freddie Mac Primary Mortgage Market Survey. Interest rates are still significantly lower than last year compared to 4.57% in June of 2018.  And in December [...]

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Buyers No Longer Need a 20% Down Payment with Michigan Down Payment Assistance and Other Loan Products

By |2019-06-15T13:25:17-04:00June 14th, 2019|Down Payment Assistance Programs|

A 20-percent down payment on a house is a lot of money, no question about it. Do you know how long it takes for an average American to save for a 20% down payment? The 2019 Home Affordability Report from co-investment firm Unison found that [...]

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MSHDA Approved Lender Explains New Asset Limits for Down Payment Assistance Program

By |2019-06-07T13:44:18-04:00June 7th, 2019|Down Payment Assistance Programs|

The MSHDA MI Home Loan program is a popular mortgage product that has been helping many people pursue their dream of home ownership by offering $7,500.00 in down payment assistance. First, what are some of the requirements for a MSHDA Loan? Minimum credit score of [...]

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