Need 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 MoreDivorce Settlements & Mortgages: How Michigan Attorneys Can Leverage a CDLP for Smoother Settlements
Divorce is a multifaceted process that requires navigating intricate legal and financial considerations. Among the most significant aspects of divorce is the intersection with mortgage lending, which can have a profound impact on the financial stability of the divorcing parties. As family law professionals, it is essential to understand the complexities of mortgage lending during…
Read MoreThe CDLP Advantage: Guiding Michigan Family Law Through Complex VA Loan Divorces
As family law attorneys, navigating divorce proceedings involving veterans often entails addressing complex issues related to their VA benefits, and their home loan benefit is no exception. The marital home holds significant emotional and financial value, necessitating a thorough understanding of VA loan intricacies. Here, we explore essential considerations for family law attorneys when guiding…
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2024 Chevrolet Detroit Grand Prix | May 31 – June 2, 2024 The Detroit Grand Prix has a storied history, beginning as a Formula One race on the streets of the Motor City in 1982, and then transitioning through various phases. After Formula One’s tenure from 1982-1988, the event welcomed the Championship Auto Racing…
Read More2024 Memorial Day Parades
Memorial Day in the USA originated after the Civil War, initially called Decoration Day, as a time to honor Union soldiers by decorating their graves with flowers. It was first widely observed on May 30, 1868, when General John A. Logan called for a nationwide day of remembrance for more than 600,000 soldiers killed in…
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 MoreLuxury vs. Necessity: What FHA 203(k) & HomeStyle Loans WON’T Cover in Metro Detroit
Embarking on a renovation journey with FHA 203(k) or Fannie Mae HomeStyle loans can be an exciting prospect for homeowners in Metro Detroit and Michigan. These loan programs offer the opportunity to transform properties into dream homes. However, it’s essential to understand which renovations are ineligible and eligible under these programs to avoid any…
Read MoreBeyond Basic Repairs: What You CAN Do with FHA 203(k) & HomeStyle Loans (Michigan Expert Explains)
Embarking on a renovation journey with FHA 203(k) and Fannie Mae HomeStyle loans opens up a world of possibilities for homeowners in Metro Detroit and Michigan. These loan programs offer the flexibility to finance a wide range of improvements, allowing homeowners to transform their properties into dream homes. In this blog post, we’ll explore the…
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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