Refinancing
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 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 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…
Read MoreThe Smart Refinance for Veterans: Discovering the Power of the VA IRRRL in Metro Detroit
Unlocking Savings for Veterans: The VA Interest Rate Reduction Refinance Loan (IRRRL) For our esteemed US Military Veterans and active service members, in Metro Detroit and all around The Great State of Michigan, financial stability is a cornerstone of a secure future. One way to ensure financial well-being…
Read MoreKeeping the House in a Detroit Divorce? Your Guide to Equity Buyouts & Refinancing
When going through a divorce and one spouse wishes to buy out the marital equity of a jointly owned property, there are typically two primary mortgage financing options: a limited cash-out refinance and a cash-out refinance. Each has its own advantages and considerations, and the choice between them depends on your specific circumstances. Here’s an…
Read MoreVA Home Loan Refinance: The No-Appraisal, No-Income-Verification Option for Michigan Veterans
If you’re a veteran in Oakland, Macomb, Wayne, or any Michigan County, and you own a home using your VA home loan benefit. Does the stack of mail above look familiar? In some instances, local veterans have reported receiving 10-12 of these letters a week. So, what are they and why are you getting so…
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