Are you a first time homebuyer? Have you ever done any repairs on a home? Are you handy? How much extra money will you have after the closing? Those questions should determine what time of Michigan home you should buy. If you have no …
Metro Detroit mortgage application checklist You signed the purchase agreement for your new home and you usually only have 5 days to apply for your mortgage. Here is a quick checklist of what to bring when you meet with the Michigan mortgage …
Mortgage Document check for your Michigan home purchase Read more »
Why is the bank requiring me to have an escrow account? The reason a bank requires you to have escrows or an escrow account (they mean the same thing) is because you don’t have 20% down. If you do not have a down payment of 20% …
So you are getting ready to close on your new Plymouth home. And your mortgage person just sent over the closing documents for you to review. You are looking at the HUD 1 settlement statement which is the paper that spells out all …
What are site condos?. In Michigan some homes are built as a condo association. Some of the reasons builders build Michigan site condos are they escape some building restrictions. The builder is able to cut through some of the cities red …