In a world where experiences often overshadow possessions, Millennials have been hailed as the generation that prioritizes adventure and exploration over material things. However, there’s one treasure that should not be overlooked on the path of life – homeownership. While renting might seem like the flexible choice, owning a home brings forth a trove of […]
The real estate market can be a complex and ever-changing landscape, with shifts between buyer’s and seller’s markets occurring frequently. In a seller’s market, where demand outweighs supply, buyers often find themselves facing fierce competition and limited options. However, with the right strategies and mindset, you can still secure your dream home without breaking the […]
Are you ready to turn your homeownership dreams into reality? Whether you’re a first-time buyer, looking to upgrade, or seeking to refinance, our tailored mortgage solutions will make your journey to homeownership a breeze. We know that gathering the necessary documentation can be overwhelming but worry not! Although documentation required may vary depending on the […]
The day has come that you are ready to start house hunting. Before you dive into the process, there are a few things you need to do before finding the perfect home. Choose Your Lender The first step in the mortgage process is choosing a lender. Be sure to choose a lender you can trust, […]
House hunting is an exciting time, but before you leap into finding the perfect home it’s important to do the prep work. One of the best ways you can set yourself up for success is by taking a close look at your credit score. Your credit score is key to determining the interest rate you […]
Closing costs refer to the fees and expenses associated with the purchase or sale of a property. These costs are typically paid at the closing of the transaction and may include a variety of different charges depending on the specific circumstances of the transaction. Some common closing costs include the following. Title Insurance: This protects […]
In a competitive market, it pays to be pre-approved. We strongly encourage our customers (as well as our friends and family!) to get pre-approved before they start house hunting. To get pre-approved for a mortgage, you will need to provide some personal and financial information to your Loan Officer. Here are some of the things […]
In 2020 Michigan Mortgage introduced the Service Scholarship with the goal of recognizing High School Seniors who shared the dreams of pursuing a career in service. Careers in service include: Military Teachers & Educators Government & Politics Police Firefighters First Responders Doctors & Nurses For 2023, we received dozens of applicants and reviewed each one […]
Loan level price adjustments (LLPAs) are a form of risk-based pricing that mortgage lenders use to determine the interest rate and terms of a loan. The adjustments are based on factors such as the borrower’s credit score & down payment amount. These adjustments can result in higher or lower interest rates, depending on the borrower’s […]
In 2020 Michigan Mortgage introduced the Service Scholarships with the goal of recognizing High School Seniors who shared the dreams of pursuing a career in service. Careers in service include: Military Teachers & Educators Government & Politics Police Firefighters First Responders Doctors & Nurses For 2023, we received dozens of applicants and reviewed each one […]
