Dear Realtors, We Need to Talk About Discrimination… Next year will mark the 50th anniversary of the passage of the Equal Credit Opportunity Act, which was signed into law on October 28, 1974. That landmark legislation stated plainly that is was illegal for creditors to discriminate base on race, sex, age, national origin, or marital status, […]
Fed rate hikes threw cold water on red hot housing market…is there a silver lining for Michigan home buyers?
It’s no secret that a lot of Michigan home buyers have put their dreams on hold for the time being. in fat, since the beginning of the year, the Federal Reserve has embarked on an aggressive fight against inflation. This has seen the Fed funds rate (the Fed’s preferred interest rate setting tool) leap from […]
A Credit Score Below 640 Can Cost You Thousands But You Can Still Get An FHA Loan! Mortgage terms are far better for borrowers with a 640 or higher credit score but you can still get an FHA loan with a lower score. Just know that your out of pocket costs as well as your […]
Zero Down Loan Programs For First Time Buyers in Michigan The Michigan first time home buyer programs have seen a few changes recently that can affect your pocketbook. Rates have increased by almost one full percentage point in the last twelve months. This has many first time home buyers perplexed about whether it makes more […]
Michigan FHA Loan Requirements For First Time Buyers – Credit Score Guidelines Video Goes Here FHA Financing Guidelines Especially for First Time Borrowers in Michigan – Video 1: Credit Score Guidelines As a first time home buyer it’ll be very important to comprehend the Michigan FHA loan requirements. This short video will cover the credit […]
Michigan FHA Loan Requirements For First Time Buyers – Down Payment Video Goes Here FHA Financing Guidelines Especially for First Time Borrowers in Michigan – Video 2: Down Payment Requirements. When funding a house with a Michigan FHA mortgage, the buyer will need a down payment that amounts to 3.5 % of the purchase price. […]
Michigan FHA Loan Requirements For First Time Buyers – Income & Debt Ratio Video Goes Here FHA Financing Guidelines Especially for First Time Borrowers in Michigan – Video 3: Income & Debt Ratio Income and debt ratios take on a sizable part in securing a Michigan FHA Loan. This happens to be the third video […]
FHA Home Loan Guidelines Concerning 1st Time Borrowers in Michigan – Video Four- Special Attributes.
Michigan FHA Loan Requirements For First Time Buyers – Special Attributes Video Goes Here FHA Financing Guidelines Especially for First Time Borrowers in Michigan – Video 4: Special Attributes. Michigan FHA Loans offer a number of specific aspects not always attainable using other mortgage programs. This is the closing video for this 4 part set. […]
As a first time home buyer in Michigan, it’s incredibly important for you to understand how the home buying process works. On top of understanding this, you’ll also need to become familiar with your financing options to determine which first time home buyers program is best for you. A good mortgage lender will be able to thoroughly explain your financing options and help you choose the home buyers program that best suits your needs.
Michigan Refinance Rates and Program Updates|Call 248-282-4145 Regarding a Low Rate Refinance Right Away!
Are You Looking to Refinance Your Home in Michigan? At Michigan Mortgage Solutions our team is dedicated to making the refinance process as easy and stress free as possible! Our 5-Star Refinance Experience includes a Free home valuation as well as a no-cost/no-obligation mortgage review. We’ll help you determine what you can save, consolidate or […]