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 »
It is the hardest thing in the world right now to tell people they can’t refinance. They can get a Michigan mortgage. The word NO or I can’t do it are hard words to say. I feel bad for these people. Some of them are friends. …
Locking in a mortgage rate in Metro Detroit and around the country. Here is what happens when you lock a Michigan mortgage loan. You tell your mortgage loan officer to lock your loan at 4.875% on a 30 year fixed rate. The loan officer …
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 …