July 2020

Taking Advantage of Home-buying Affordability in Michigan’s Real Estate Market

By |2020-07-24T15:58:49-04:00July 30th, 2020|First Time Home Buyer|

Purchasing a home is often the biggest investment that a person will make in their lifetime. It's an exciting process, but it can be difficult to know when to start! With everything going on with the current health crisis, you may have been putting your [...]

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June 2020

Nine Things You May Not Have Thought About When Buying Your Next Home

By |2020-06-24T14:03:17-04:00June 19th, 2020|First Time Home Buyer|

Whether you're a first time homebuyer or you've been through the process before, there may be a few factors that are easily overlooked when searching for a home. There is your personal search criteria, such as number of bedrooms and bathrooms, or whether or not [...]

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April 2020

What Do You Need to Apply for a Loan During Quarantine?

By |2020-04-17T21:12:11-04:00April 17th, 2020|First Time Home Buyer|

It's been almost a month since Gov. Whitmer announced the stay at home order for Michiganders. The shelter in place order has everyone adjusting to new routines and wondering what things they can still do to stay productive and what things need to be put [...]

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November 2019

Mortgage Lender in Rochester, MI Gives Final Walkthrough Tips

By |2019-11-20T15:25:12-04:00November 20th, 2019|First Time Home Buyer|

One step of buying a house is completing the final walk-through. A final walkthrough is different than a home inspection. A home inspection typically takes place within a week after the seller accepts your offer and the purchase agreement is signed. If the home inspection [...]

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October 2019

What Features of the Home do Millennials Look For? Oakland County Lender Explains

By |2019-10-11T18:48:25-04:00October 11th, 2019|First Time Home Buyer|

According to a recently released study from realtor.com, approximately 46% of all primary mortgage transactions in the second quarter were from millennials, up from 43% last year. With this generation being a such driving force in the real estate market, it has many people wondering, [...]

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September 2019

First Time Homebuyer FAQs: What’s Included in My Monthly Mortgage Payment?

By |2019-09-27T16:40:32-04:00September 27th, 2019|First Time Home Buyer|

Buying a home for the first time is exciting but you may feel a bit overwhelmed with the process and have several questions about this important transition in your life. In this article we will address your mortgage payment and what you should expect to [...]

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Mortgage Lender in Oakland County Answers Common Questions from First Time Buyers

By |2019-09-20T18:07:06-04:00September 20th, 2019|First Time Home Buyer|

At Main Street Bank we've had the pleasure of helping hundreds of buyers fund their dream home. Many of these clients are first time homebuyers and have questions about the financing process. As an Oakland County mortgage lender, we use industry terms that may be [...]

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August 2019

How to Determine Your Debt-To-Income Ratio (DTI) and How to Improve it

By |2019-08-23T15:16:53-04:00August 23rd, 2019|First Time Home Buyer|

What is Debt-To-Income Ratio ? Debt-to-income ratio (DTI) divides the total of all your monthly debt payments by your gross monthly income, producing a percentage. Like your credit score, lenders consider your DTI to be a  strong indicator of your financial picture and your ability [...]

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July 2019

Oakland County Mortgage Lender Says Optimism is Growing Among Young, First-Time Homebuyers

By |2019-07-17T14:45:10-04:00July 13th, 2019|First Time Home Buyer|

New research has revealed a renewed sense of optimism among young first-time homebuyers. Despite the tight housing industry, Generation X, Millennial and Generation Z homebuyers, many of them renters, believe 2019-2020 is the right time to get into the real estate market. So what is [...]

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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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