Purchase
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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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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Round 2 of FHA Mortgage Changes Will Take Place on June 3, 2013 FHA annual mortgage insurance premiums were increased on loans with case numbers issued April 1, 2013 or later by 10 to 15 basic points. This is just the first round of changes that were issued with HUD Mortgage Letter 2013-04. If you [...]
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How Can I Boost My Credit Score for a Better Chance to Get Pre-Approved? If you are looking to purchase a new home, it is important that you have a high credit score. When you have your mortgage lender pull your credit, there will be three credit scores that will be reviewed. Out of the [...]
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The Pace of New Homes Being Built Has Increased Due to a Growth in The Housing Market With the recent increase in the housing industry, home builders have picked up the pace of construction on new houses. In February, builders began construction on more homes and permits for future construction at the fastest pace since [...]
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Bank Foreclosed Homes are Popular for Buyers, But at What Cost? It’s not easy right now if you are a “Buyer” in this current housing market. Inventory is sitting at a ten year low, which has in turn changed this to a Seller’s market after years of a surplus of properties for sale. Many folks [...]
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How Do I Know if I Should Buy or Rent a Home? The decision to buy or rent can definitely be a complicated one. Whether you are a first time homebuyer or you are just wondering if renting each year is a better expense factor, then there is a few things you must consider. If [...]
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The Housing Industry Continues to Beat Expectations With mortgage rates still at an average low, the housing industry has sky rocketed past expectations. Economists have been cranking up their home price forecasts. Most experts believe that home prices will rise to over 8 percent in 2013. Get a free rate quote online today! What Factors [...]
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Are Mortgage Interest Rates Still at an All-time Low? No, not at the “all time” low, but still sitting in the “historic low” territory! The two most common questions that we still get asked daily: “What is your current rate?” “Are the rates still low?” With the economy heating up and consumer confidence on rise, [...]
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