FHA Loan VS Conventional Mortgage: How To Choose Your Loan Program
Loan Programs and underwriting guidelines constantly change in the mortgage industry. It is a smart idea to review loan program information often during a new home search.
Most people buying a home in Michigan come to the spot where they have to choose between an FHA Loan or a Conventional Mortgage. Do you know enough about these programs to be able to pick which is best for you?
Are 15 Year Fixed Rate Mortgages Really Worth It?
With home values on the rise in Metro Detroit, you now may be in the perfect spot to refinance your mortgage and save some cash!
Are you looking to looking to free up cash flow with a lower monthly payment, or save money over the life of the loan? Most people aren’t keen to the idea of paying off the loan quickly but never take the time to crunch the numbers and see just how much is saved when doing so.Read More
HARP 2.0 Update – Fall 2013
The Home Affordable Refinance Program (HARP) is alive and kicking, even after 4 + years since the program was introduced. Harp 2.0 allows you to refinance your first mortgage even if you owe more money on your home than it is worth.
Read on to get all the facts about the program’s current status and how you can see if you qualify.
What Is Your Mortgage Rate? – How To Get Accurate Rate Quotes
The question we get asked all of the time is “What is your rate?” Many people get frustrated when they don’t receive a rate quote on the spot.
Watch the video to understand how to get accurate rate quotes.Watch Now
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 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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