Are you prepared to leave your home on a moment’s notice in the event of an emergency? Thankfully Michiganders don't have to worry about hurricanes but there are still events that could occur without warning, including terrorist attacks, flooding, tornadoes and other disasters. And with [...]
Realtor.com recently produced a report for the top 10 housing markets in the US for 2019. Millennials are applying for mortgages in these cities in record numbers, and the markets are experiencing an influx of job growth and new construction. “These markets are millennial magnets [...]
If you are a first time homebuyer, getting into the real estate market is exciting but the new responsibilities may seem overwhelming at first. You will have a new financial commitment, as well as new duties to maintain your property inside and out. Renting a [...]
Is Your Goal to Buy a Home in 2019? Here are 5 Resolutions to Keep. It's that time of year again, time to set goals to ensure the upcoming year is a success. If buying a home is on your list for 2019, here are [...]
We have some great news for Michigan homebuyers. The Michigan Homeowner Assistance Nonprofit Housing Corporation (MHA) in collaboration with MSHDA, increased funding for The Step Forward Down Payment Assistance (DPA) program by $5 million last week. The Step Forward Down Payment Assistance Program was introduced [...]
Michigan Mortgage Lender Gives Tips on Buying a Home During Inventory Shortage For the last two years, the Michigan real estate market has been experiencing low inventory conditions which has been limiting buyers' choices. And many real estate experts and chief economists are predicting a sellers [...]
The 2018 housing market had it's ups and downs. We started the year with high home prices, low interest rates and low inventory. Then we saw a slight shift to favor buyers. And with so many experts warning of a housing bubble looming somewhere down [...]
Did you know that the average credit score for Millennials is significantly lower than the "Silent Generation" – those born from 1925 to 1945? The typical Millennial has a fair credit score of just 634, according to a recent study from LendingTree, which examined 9 [...]
Interest rates have been steadily increasing this year as we are almost approaching 5%. And most experts are expecting one more increase in 2018 and then 2 or 3 more increases in 2019. But this is not deterring millennials from pursuing their dream of homeownership. [...]
Fannie Mae and Freddie Mac are restricted by law to purchasing single-family mortgages with balances below a specific amount which is known as the conforming loan limit. The Housing and Economic Recovery Act (HERA) requires the The Federal Housing Finance Agency (FHFA) to adjust the [...]
