Results for: benefits of home ownership
5 Questions to Ask Your Michigan Mortgage Lender
If you want to get the best rates, you need to be prepared when you’re seeking pre-approval on a mortgage. That means being a little more assertive than normal when it comes to speaking with a mortgage professional. This helps you collect information about the mortgage process and evaluate the data – before making one […]
Mortgage Market Recap for Week Ending Friday February 17th.
Increased optimism that a Greek bailout package will be approved on Monday caused investors to shift to riskier assets, which was negative for mortgage rates. Mixed US growth and inflation data had little net impact. Mortgage rates ended the week a little higher. After several weeks of uncertainty, it appears that European officials are close […]
Mortgage Market Recap for Week Ending February 10th 2012
With little US economic news this week, investors focused most of their attention on Europe, where Greece is attempting to avoid a debt default. A lack of progress in Greece late in the week caused a minor flight to safety, and mortgage rates ended slightly lower than last week. For most of the week, it […]
Mortgage Market Recap for Week Ending Friday February 3rd 2012
The most significant influence on mortgage rates this week was Friday’s Employment report, which was much stronger than expected. Events in Europe have had less impact on US markets in recent weeks. While mortgage rates moved lower early in the week, they ended the week a little higher. Friday’s Employment data exceeded expectations in nearly […]
Mortgages in Michigan – Buying into the Endangered Foreclosure
If you’re thinking about obtaining a mortgage in Michigan, now is probably the best time to make a move. The demand for foreclosures in Michigan continues to remain high but the number of available foreclosures – particularly those that are attractive to first time buyers – are steadily dwindling. Bank Repossessions are Down Last Quarter […]
Zero Down Loans & Other Common Mortgage Myths
After the credit crunch between 2008 and 2009, it’s no surprise that people tend to get confused about the qualification process involved with getting a mortgage in Michigan. It certainly doesn’t help home buyers when the mortgage market changes so quickly, and the population of misinformation on the web only makes matters worse. Here are […]
5 Tips on Getting the Best Mortgage Rate in Michigan
Four years after the United States went through an economic scare and first-time home buyers in Michigan still feel like they’re feeling the pinch. Many are finding it still difficult to obtain a mortgage after years of easy credit – the market isn’t the same anymore but if you’re trying to obtain a mortgage in Michigan, […]