March 2019

What is the Difference Between Pre-Qualification and Pre-Approval for a Mortgage?

By |2019-03-24T20:27:39+00:00March 15th, 2019|First Time Home Buyer|

If you're shopping homes this spring it can be pretty easy to get excited.  The weather is just breaking and you may be imagining yourself on the back patio, relaxing with family or curled up with a good book.  But before you get ahead of [...]

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January 2019

Should First Time Buyers Purchase a Condo or Home? Metro Detroit Lender Explains.

By |2019-03-24T20:37:26+00:00January 25th, 2019|First Time Home Buyer|

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 [...]

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November 2018

Michigan Mortgage Lender Answers Common Questions from Homebuyers

By |2019-03-24T20:46:03+00:00November 15th, 2018|First Time Home Buyer|

Buying a home is typically one of the largest expenses for consumers. And anyone considering homeownership needs to know what's involved in the mortgage process. When trying to buy a home, you may have many people from various professions giving you advice and telling you [...]

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How to Save for a Down Payment – Even with Student Loan Debt

By |2019-03-24T20:46:31+00:00November 9th, 2018|First Time Home Buyer|

Student loans are making it challenging for millennials and gen Zers to save a down payment for a new home. This leaves many people feeling like paying off their loan AND saving money is nearly impossible, putting their dream of homeownership on hold.  The good news [...]

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4 Tips for Millennial First Time Homebuyers in Michigan

By |2019-03-24T20:49:29+00:00November 2nd, 2018|First Time Home Buyer|

Millennials, or people between the ages of 19 and 37, have been a driving force in today's real estate market. In 2017 millennials were the largest home-buying generation (34 percent) since the baby boomers at 30 percent. However there still are millennials out there that [...]

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October 2018

MSHDA Lender in Michigan, Julie Krumholz Explains the Step Forward Program

By |2019-03-24T20:51:55+00:00October 26th, 2018|First Time Home Buyer|

Are you currently renting and feel that homeownership is out of your reach because of the down payment? We have some exciting news. On October 8th, the Step Forward Down Payment Assistance Program was launched. This program provides $15,000 in down payment assistance to borrowers, [...]

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4 Credit Mistakes Michigan Homebuyers Make

By |2019-05-10T11:24:43+00:00October 19th, 2018|First Time Home Buyer|

Thinking about buying a home? Your credit score will play a huge role when applying for a mortgage as it helps lenders determine how much risk they will be taking when they loan you money. There are several factors that affect your score and often [...]

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September 2018

Step Forward Down Payment Assistance is Available for Michigan First Time Buyers

By |2019-03-24T20:56:29+00:00September 28th, 2018|First Time Home Buyer|

We have some great news for Michigan first time home buyers.  MSHDA (Michigan State Housing Development Authority) is launching a new program, Step Forward, on October 8th. This new loan will provide $15,000 in down payment assistance when used in conjunction with a MSHDA loan. First, what [...]

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August 2018

Michigan FHA Lender Explains: First Time Buyers are Dominating the Housing Market

By |2019-03-24T21:00:39+00:00August 23rd, 2018|First Time Home Buyer|

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 [...]

May 2018

3 Tips for Michigan First Time Homebuyers

By |2019-03-24T21:14:47+00:00May 23rd, 2018|First Time Home Buyer|

Shopping for a new home in Michigan? Before you dive head-first into homeownership, you must take some important steps. From finding the perfect neighborhood to getting approved for a mortgage, first time homebuyers will have more to consider than just curb appeal and interior design. [...]