First Time Homebuyer Pitfalls to Avoid
Buying a home is often the biggest financial decision you will make in your life. With the new territory comes a lot of different ways you can hurt your chances of becoming a homeowner.
Find out the most common problems first time homebuyers run into when getting a mortgage for their first home and our insider tips for success in our latest infographic.
HARP Or Not, Should I Refinance?
If you plan on staying in your current home for at least 4-5 years, you may fall into one these categories: You aren’t HARP eligible, you have a 2nd mortgage, or you truly enjoy actively managing your finances.
Watch the video to learn more.Watch Now
What Are Seller Concessions And How They Help When Buying A Home
Seller Concessions are a set dollar amount or percentage of the purchase price that a seller agrees to contribute to you, the buyer, towards your closing costs.
This can help to either lower the amount of money needed to bring to the closing table, or sometimes allow you to bring no money at all to closing. These contributions ultimately are financed over the life of the loan.
Lender Says I’m “Clear to Close” – Final Roadblocks To Overcome
The meaning “clear to close” doesn’t quite carry the weight it used to in the past.
While we can go ahead and schedule your closing and have closing documents ordered, there are still two important steps hanging over your head before your loan is truly ready to go.Read More
If You Currently Have a 2nd Mortgage, You Must Read This
There is a bit of a stir going on recently, which for folks who are carrying a fixed rate-balloon 2nd mortgage or HELOC (home equity line of credit), is causing immense anxiety.
Every single homeowner we speak with about their 2nd mortgage express the same thing: ”I wish we had never taken on this mortgage”.Read More
HARP 3.0 News
Michigan Mortgage Brokers: Your Better Alternative to Big Banks & LendersWhether you are a first time homebuyer, moving into a new home, or looking to refinance your existing home, we at First commerce Financial, LLC are here to assist you every step of the way. Working with a licensed Michigan Mortgage Broker with expert local knowledge ensures that you are getting the best mortgage rates in Michigan available with the right loan program that best fits your home loan needs.
Our mission is to provide you with sound mortgage advice and educate you on all the options available to make better mortgage financing decisions. We will take the time to hear out your specific financial situation and work with you to accomplish your financial goals.
Current Mortgage Rates in Michigan are at historic lows which means you must look into refinancing your home. There are numerous loan programs out there to help borrowers take advantage of low mortgage rates, even if you are underwater on your current home. It only takes a few minutes to see if you would qualify for a conventional, HARP 2.0, or FHA Streamline Refinance and get an idea of just how much money could be saved.
If you are a looking to buy your first home or move from your existing home, we can assist you in making educated decisions on your mortgage needs. Pre-Approval letters can be provided to you quick and easy using current low mortgage rates to determine just how much you home you can afford in Michigan.
We have a large network of Real Estate Agents and other industry professionals that can assist you in buying the perfect home. Our Realtor partners have great local knowledge and, like us, have many years of experience working in Michigan.
Call us any time to discuss your situation and the options you have available to you, or get a free personalized rate quote online to get started!
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