Michigan mortgage rates When getting a mortgage the bank has to document everything in order to sell the loan. Most lenders and banks sell the loans, so all documents have to be in the file. They have to be able …
Explanation of FHA loans Many homebuyers think that FHA loans are loans that are provided by the Federal Government. That is wrong. What the Federal Housing Administration (FHA) does, is provide insurance for loans that are provided by banks and lenders. This benefits …
Everybody in Metro Detroit is waiting to see what the stimulus plan is all about. There are so many questions. What will it really mean to all of the Metro Detroiters that are hurting financially? I know so many friends that have lost their …
Last year they did away with down payment assistance programs. Now they have a bill in Congress to bring it back. Sure the down payment assistance programs helped people get into homes but they also helped fuel the mortgage mess. Part of the …
There are still some real estate agents and investors still trying to take advantage of lenders. I had somebody call me and ask me about being able to get $20,000 back in cash at closing on a house that was …