Loan Programs
Need to Close FAST in Michigan? Your Guide to a 21-Day Mortgage Approval & Closing
If you’re eager to move into your new home quickly, you might be wondering if it’s possible to close a mortgage loan in less than three weeks. While the typical process can take 30-45 days, there are ways to speed things up. Here’s a guide to help you close your mortgage loan quickly. Gather…
Read MoreIs a Conventional Mortgage Right for You? A Metro Detroit Lender’s Essential Guide to Eligibility & Benefits
If you’re considering buying a home in Metro Detroit or anywhere in Michigan, you’ve probably come across the term “conventional mortgage.” But what exactly is a conventional mortgage, how do you qualify for one, and who can benefit from this type of loan? This blog post will break down the essentials of conventional mortgages…
Read MoreLow Down Payment? Less-Than-Perfect Credit? FHA Loans Could Be Your Answer in Metro Detroit
Are you thinking about buying a home in Metro Detroit or anywhere in Michigan? If so, you might have come across the term “FHA mortgage.” But what exactly is an FHA mortgage, how do you qualify for one, and who can benefit from this type of loan? This blog post will break down the…
Read More0% Down in Michigan: Is a USDA Loan Your Secret to Homeownership? (Beyond Just ‘Rural’ Areas)
Are you looking to buy a home in a rural or suburban area of Michigan? If so, a USDA mortgage might be the perfect financing option for you. But what exactly is a USDA mortgage, how do you qualify for one, and who can benefit from this type of loan? This blog post will…
Read MoreUnlock Your Golden Years: Michigan Reverse Mortgages Explained for Worry-Free Retirement
Are you a homeowner in Metro Detroit or Michigan who is 62 years or older and looking for ways to supplement your income or purchase a home? A reverse mortgage might be the solution you’re seeking. But what exactly is a reverse mortgage, how do you qualify for one, and who can benefit from this…
Read MoreCan’t Get a Traditional Mortgage in Michigan? Unlock Homeownership with Non-QM Loans!
Are you considering buying a home in Metro Detroit or Michigan but struggling to meet the strict criteria of conventional mortgage loans? A non-qualified mortgage (non-QM) might be the solution you’re looking for. But what exactly is a non-qualified mortgage, how do you qualify for one, and who can benefit from this type of loan?…
Read MoreNeed Home Equity Funds in Michigan? Your Local Lender Explains HELOCs vs. HELOANs
If you’re a homeowner in Metro Detroit or Michigan, you might be considering ways to tap into your home’s equity to finance major expenses. Two popular options are Home Equity Lines of Credit (HELOCs) and Home Equity Loans (HELOANs). But what exactly are these financial products, how do you qualify for them, and who…
Read MoreNo Surprises at Closing: Understanding Every Dollar of Your Michigan Mortgage Costs & Prepaids
Are you considering buying a new home or refinancing your current mortgage in Metro Detroit or Michigan? If so, it’s essential to understand how much money is going to be needed to complete the transaction. Besides the down payment on purchase transactions, there will be mortgage closing costs and prepaid expenses. It may sound…
Read MoreFrom Fixer-Upper to Dream Home: Hiring the Best Contractor for Your Metro Detroit Renovation Mortgage
Embarking on a renovation project in Metro Detroit, Michigan, whether it is a new purchase or a refinance to include renovations, can be an exciting endeavor, but it also requires careful planning and execution. One crucial aspect of the process is selecting a contractor who is not only skilled in their craft but also familiar…
Read MoreRefinancing for Savings or Spending? Understanding Limited Cash Out vs. Cash Out in Michigan
Homeowners in Metropolitan Detroit often explore various options to optimize their financial situations, and refinancing is a common strategy. The two refinancing options are the Limited Cash Out Refinance and the Cash Out Refinance. In this blog post, we will delve into the definitions of each, highlighting three pros and cons for both types…
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