Here Are The Minimum Credit Scores Required For Home Loans In Michigan If you’re looking to buy a home in Michigan, one of the first things you’ll need to consider is your credit score. Your credit score plays a significant role in determining the type of mortgage loan you can qualify for and the interest […]
When the pandemic hit in 2020, many experts thought the housing market would crash. They feared job loss and economic uncertainty would lead to a wave of foreclosures similar to when the housing bubble burst over a decade ago. Thankfully, the forbearance program changed that. It provided much-needed relief for homeowners so a foreclosure crisis […]
Rural Development Loans Just Got Better! Mortgage Broker, Linda Sinacola (PLB Lending – 248.931.9600) just shared with me that mortgage insurance has dropped drastically on the new RD mortgages! The upfront guarantee fee is now 1%, that’s down from 2% and the monthly mortgage insurance is now only .35% instead of .85%. Many areas qualify […]
“so the client has 3 percent equity immediately…” Quicken Loans has been fairly hush about its latest offering of a super low down payment mortgage, even as rival bank giants like Bank of America, Wells Fargo, and JPMorgan Chase all tout their new 3 percent down mortgage products. But late last year, Quicken Loans quietly […]
5 Surprising Ways To Save For A Down Payment … Saving for a down payment does not have to be an impossible feat for your would-be buyers. HouseLogic recently featured several resourceful ideas to help them save up for a down payment on a home. Crowdsource Maybe instead of a traditional wedding registry, your buyers […]
According to RealtorMag, Loan Demand Surges in Latest Week, dated 06/11/2014 this article discusses home purchases and refinancing… Mortgage applications for both home purchases and refinancing increased last week, posting an uptick after several weeks of decreases in loan originations. Mortgage application activity rose 10.3 percent in the week ending June 6, led by a […]