Getting A Mortgage
As the economy gets stronger, many Michigan homeowners are interesting in obtaining a second home mortgage. We see it this time of year every summer. Michigander’s are heading “up north” to enjoy the beauty of the Mitten State during our short summer. For those of us who have grown up here, being stuck in stop [...]
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When searching for a loan officer, there are numerous advantages a mortgage broker can give you that you simply aren’t guaranteed to get at a mortgage lender or bank. Shopping for a mortgage or a Loan Officer here in Southeast Michigan to help you with the mortgage process? This has always been, and continues to [...]
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Find out different circumstances in the mortgage industry that could shorten your loan officer’s attention span, and how to find the right lender for your needs. With historic low mortgage rates lingering for the last 3 years and no signs that the housing industry is slowing down, it may be hard to get answers from [...]
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Metro Detroit’s Crazy Housing Market – What It Means To Michigan Homeowners What a ride it has been for those of us who have chosen to “stay” and ride it out here in the great state of Michigan. The double whammy of the automotive collapse and then the housing collapse has left many folks in [...]
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Mortgage Brokers Will Offer You the Lowest Rates Possible When it comes down to having a smooth mortgage transaction that saves you the most money, mortgage brokers are the way to go. Not only do brokers have decades of experience in the mortgage field, but they will do everything they can to assure you that [...]
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Low Mortgage Rates Allow “Fence-Sitters” to Now Act It has been predicted that mortgage rates would slowly creep back up in the 4s by the end of the year. However, we are experiencing a window of the lowest rates ever. For the fifth consecutive week, mortgage rates have dropped. If you are buying a home, [...]
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How do I know if I am prepared for my Closing? Whether you are preparing to close on a purchase or a refinance transaction, it is always important that you understand the scheduling of the “Close” for the loan. Michigan is a Non-Escrow state, which means documents are dated for a specific date and borrowers [...]
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Mortgage Brokers Bring More to the Table When you are looking to receive a mortgage loan, what is the first thing you ask yourself? Who will offer me the lowest rates? Who will contact me the quickest? Who has the best form of communication? We find that most people call their current lender first because [...]
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With Mortgage Rates Low, Refinancing is the Smart Thing to do Mortgage rates spiked in January from the all time low, however last week, mortgage rates made the “largest one-weak improvement in 88 weeks by dropping 0.11 percentage points to 3.43% for the average 30-year fixed rate. The 15-year fixed mortgage rate made a steep [...]
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Are Mortgage Rates Rising Because the Job Market is Improving? A lot of people don’t realize just how closely linked the U.S.economy and the housing market actually are. When the housing market took a huge dive in 2008-2009, the unemployment rate in the U.S. was rising. Since then, the job market has improved and the [...]
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