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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
