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Potential Monthly Savings when Refinancing

Like many homeowners, you may be hesitant to invest in a refinance for relatively small monthly savings. But simply put, the return on investment for a refi can be better than just about any other option you might find! Example: If you invest $3,000 to refinance your loan, and your savings is $100 per month…Read More…

RATES are STILL at HISTORIC LOWS!

You’ve probably even heard me say “historically low rates” before. Now, a weekly industry survey by Freddie Mac, the government-sponsored mortgage enterprise, is reporting an average 2.98% on a 30-year fixed-rate mortgage. That’s the lowest average rate in the 49-year history of their data collection and the fRead More…

Realtors back to work May 7th!

May 7th Realtors are back to work for their buyers and sellers! We are here to serve you and your clients ensuring a smooth and satisfying transaction. For your information regarding our current mortgage rates: In the last 7 days, interest rates have leveled out. Currently, a buyer looking at a 30 year fixed ConvRead More…

A Take on Mortgage Forbearance

As we are coming up on the sixth week of quarantine here in Michigan, it is taking a toll on the Real Estate and Mortgage industry.  Where does it end?  Last week Chase Bank announced it will require any borrower to have a minimum of a 700 credit score and will require a 20% down payment to purchase a home.  Today IRead More…

CARE Act for Mortgage Forbearance

The COVID-19 Coronavirus has led to some challenging times for all of us. The Government has created the CARE Act, to assist homeowners whose income may have been adversely impacted by the coronavirus. One of the components of the CARE Act is the possibility of mortgage forbearance. Forbearance is often misinterpRead More…