July 2019

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

By |2019-07-17T14:45:10+00:00July 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+00:00June 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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May 2019

How Michigan Homebuyers Can Avoid Over-Paying for a House

By |2019-05-28T18:09:37+00:00May 28th, 2019|First Time Home Buyer|

If you are shopping for a home in 2019, you're probably aware of how competitive the market is for buyers. This is especially true during spring and summer months as buyers find themselves in many multi-bid situations. This is all the more reason to be [...]

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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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