I started this blog last January to be a place where people could come for market updates, local mortgage related news, and tips to help them through the home buying and mortgage process. I recently took a brief break from the blog, but am back and ready to help. I hope to continue helping local […]

Americans, including Michigan residents, are starting to feel better about the economy, and the improvements in the housing market are proof of that.  An October Gallup poll shows that for the first time in over 5 years, more people are beginning to feel comfortable about the economic shifts than a year ago. “This is not […]

While a mortgage lender in Michigan is going to look at your credit score closely at your credit report when you want to apply for a mortgage to buy a new home, they’re also going to look at the individual items on your report.  To get the most accurate picture they typically pull from all […]

It’s time to buy a home – but how much can you afford? When a first-time buyer or family starts looking to buy a home in Northville, Novi, Canton or even cities in Oakland county, this question comes up fairly early on.  While many would love to have a big, beautiful home with less than […]

During a reasonably quiet week, global concerns caused investors to seek relatively safer assets. Stronger than expected US economic data had little impact. As a result, mortgage rates  ended the week a little lower. Worried about the pace of global economic growth and unrest in many regions, investors shifted to relatively safer assets, including US […]

Where Have All the Metro Detroit Foreclosures Gone? Investors are scooping up foreclosures in Michigan and other states.  On top of that, first-time buyers are shooting for deep discounts available through foreclosures when they buy homes in cities around metro Detroit (Northville, Novi, Plymouth, Canton, Royal Oak, etc.) The result is that foreclosures throughout the […]

Where do you go when you need a mortgage in Michigan?  Most first-time buyers go straight to their personal banking institution – the big bank lenders like Bank of America, Comerica Bank, or a credit union.  While banking with the institution you’re familiar with can provide a certain level of comfort, there’s also some drawbacks […]

We’re seeing record lows for interest rates on getting a mortgage in Michigan right now – hanging at around 3.5% – according to the Mortgage Bankers Association.  With those numbers, not only is it a great time for first-time buyers to purchase a home, it’s also a great time to refinance your home in Michigan. […]

Mortgage rates have continued to plummet and plunge over the last weeks, once again breaking records and hitting all-time lows for those seeking to buy a home in Metro-Detroit. The average rate for 30-year fixed-rate mortgages fell again by .04% to hit 3.49%.  Alongside it, the 15-year fixed-rate fell to 2.80% – down from 2.83% […]

We’re not slated to see housing prices start to climb a lot anytime soon, but that doesn’t mean you should be lax if you want to secure a loan with a Metro-Detroit mortgage lender.  In fact, if you’re not careful about your timing, you might end up having to pay more than other people in […]