A, B, C’s of Mortgage
Monica Miner2019-08-19T16:05:17+00:00Amortization - Number of years it will take you to repay the mortgage loan in full. Banker - A company that originates mortgages, using their own or borrowed funds. Compliance [...]
Understanding the Mortgage Payment
Monica Miner2019-08-14T14:25:22+00:00The mortgage principal is not the sole contributor to a mortgage payment. What is in a mortgage payment consists of 4 main components: PITI - Principal, Interest, Taxes, and Insurance [...]
DETAILS OF MSHDA
Monica Miner2019-07-23T14:22:05+00:00The Michigan State Housing Development Authority (MSHDA) is a federal tax credit issued in cnnection with the purchase of a h ome. It allows homebuyers to credit 20% of [...]
MSHDA RATES DROP!
Monica Miner2019-07-23T13:45:22+00:00Homeownership Special Announcement from MSHDA New MSHDA Rates Effective Wednesday, July 10, 2019 RATE DECREASE will go into effect on WEDNESDAY, JULY 10, 2019. MI Home Loan no DPA 3.75% [...]
FANNIE AND FREDDIE FIRST TIME PROGRAMS
Monica Miner2019-07-23T13:45:45+00:00Stop waiting for your desired quality of life in homeownership! Discover the possibilities Fannie Mae and Freddie Mac offer First-Time Homebuyers! FANNIE MAE | [...]
Renting vs. Buying a Home
Monica Miner2019-07-23T13:46:19+00:00Let's start by answering the following questions. What can you afford? We bet you'd be surprised what we can come up with when you are educated of all [...]
Warrantable vs. Non-Warrantable Condos
Monica Miner2019-07-23T13:46:41+00:00Lending options are somewhat narrow for prospective condo buyers. Knowing the qualifications standards upfront can go a long way toward avoiding headaches. WARRANTABLE [...]
Things Not To Do – During a Real Estate Transaction
Monica Miner2019-07-23T13:46:59+00:00Common Home Buyer Oversights Included is a list of common home borrower oversights made during a real estate transaction. These could potentially lead to impacts on a loan approval [...]
Benefits of Buying a Home
Monica Miner2019-07-23T13:47:19+00:00Surprising Benefits of Buying a Home When talking about the benefits of owning a home, especially from a mortgage professional's point-of-view, you often hear about the financial upside of home-ownership. [...]
Seller Concessions
Monica Miner2019-07-23T13:47:40+00:00Seller concessions refer to an agreement in which the seller pays certain financing costs for the buyer of the home i.e. Title insurance, Processing fees, Origination fees, Inspection fees, Transfer [...]