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This entry of the “First Time Home Buyers” series is all about preparing your finances and credentials for a mortgage! Specifically we are going to be breaking down the 5 C’s of Mortgage. The topic of credit and finances is such a sore spot for many people, especially for young couples looking to buy their…

Its a FTHB Bonus! Who doesn’t love a bonus? After finishing the “5 C’s of Mortgage” we realized that it was the perfect segue into a blog about getting a pre-approval. By the way if you missed the wonderful 5 C’s post you can find it by clicking right here —> Click Here Now that we have…

We are moving right along with the FTHB series! Last week we talked about getting Pre-Approved. If you missed it, check it out right here. But now that you have your Pre-Approval it is time to find your realtor! For the sake of this post, it is important to note that we are going to include those selling…

Welcome back to the first time homebuyer series! We took some time off to launch or new website and blog! With the launch our website will strictly be used as a tool for establishing connection between our clients and us. The blog is a separate entity and will allow us to focus on putting out…

Continuing down the “First Time Home Buyer” series checklist it is now time to apply for a mortgage. If you missed our last topic detailing the mortgage timeline you can find it right right here. What many people do not know is that there are several mortgage options and every new homebuyer’s situation determines what option…

Now that we have identified all of the different mortgage options and their general differences, we will start breaking down each option in more detail. In this post we will be covering “Everything you need to know about Conventional Loans”.  If you missed our last post, Click Here to check it out. Mortgages can fall in one of…

Title vesting is the manner in which ownership, aka title, is held on a property. Various states have various ways of holding title. For this posts purpose, we are going to concentrate on the State of Michigan. Here are the most common forms of title vesting in Michigan. Tenancy By The Entirety  – Only a married…

One of the first steps in working through real estate issues in a divorce, is to determine the value of the marital home. If you and your spouse are unable to agree on the current market value(s), there are several valuation methods that can be used. Tax Assessed Value The tax assessed value is not…

For a Certified Divorce Lender, one of the most important, if not the most important goal, is ensuring our clients housing goals are met, post-decree. In order to do so, a Certified Divorce Lender must be educated in the mortgage guidelines impacted by divorce. There are several impacted, but the three most common are: Contingent Liability A jointly obligated debt in which the court…

The timing of filing a divorce petition with the court has a direct impact on mortgage financing. When a divorce petition is filed, most mortgage lenders will require either a temporary settlement agreement or final divorce settlement agreement, also known as the final decree of divorce, in order to complete and close a new mortgage application…