Metro Detroit senior citizen loan products Metro Detroit senior citizens there is now new home purchase help from a major mortgage company. It is a new loan product designed for senior citizens and I think it has multiple applications. It …
This isn’t supposed to be happening but… Mortgage lenders are still bending the rules. I don’t know if on purpose or just mistakes but the rules are being stretched. Yes not as badly as before. But the underwriting …
Upcoming HUD changes Here are upcoming HUD changes coming on February 12. When you bought a HUD home in the last year HUD was giving some incentives to buy. They are going away on February …
Michigan mortages and deciding how much money you need If you are a Michigan first time home buyer you are probably wondering what type of Michigan mortgage you should get? One of the easiest ways to determine what mortgage to …
PMI explanation What is PMI? Here is my PMI explanation. When your loan officer talks about PMI they mean Private Mortgage Insurance. Primary Mortgage Insurance (PMI) is required by the lender if don’t put 20% down. …