Michigan’s housing market is about to get a major boost, and it’s not just for first-time buyers. The Michigan State Housing Development Authority (MSHDA) is ready to launch a huge update. House Bill 5032 has passed both the Michigan House and Senate. Now, it’s sitting on Governor Gretchen Whitmer’s desk. Once signed, this change could […]
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Unlocking Homeownership in Michigan: A Golden Opportunity for Millennials
In today’s challenging housing market, millennials nationwide are seeking affordable pathways to homeownership. According to a recent analysis by Go Banking Rates, Michigan emerges as a beacon of opportunity, combining competitive median incomes with robust state assistance programs, making the dream of owning a home more attainable than ever. Michigan’s Median Income + Savings Power […]
Three Ways PMI Helps Make Homeownership Possible
If you’re a first-time homebuyer, you’ve likely heard about private mortgage insurance, or PMI. Here’s a quick breakdown of what PMI is and how it can help you become a homeowner sooner. What is Private Mortgage Insurance? PMI is an insurance policy that reduces risk for lenders, enabling them to offer loans with smaller down […]
How to Get Rid of Private Mortgage Insurance
When you buy a home and need a loan, you might also get something called private mortgage insurance (PMI). The good news is that you can eventually get rid of it. Let’s go through the steps to understand how and when you can make PMI disappear. Step 1: What is the Homeowners Protection Act (HPA)? […]
Five Ways to Improve Your Credit Score Before Buying a House
Here are five ways you can improve your credit score to get the best rate possible when buying a home in Michigan.
What is an appraisal and why do you need one?
One of the most confusing aspects of obtaining a home can be the appraisal process. Here’s what you need to know!
Five Mortgage Interest Rate Factors You Control
Did you know that over 30 factors go into selecting a mortgage interest rate? In this post, we look at five things you can improve.
Mistakes to Avoid When Shopping for a New Home
Shopping for a new home can be one of the greatest experiences of a lifetime! Here are a few tips to ensure success.
Tips for Finding the Right Realtor to Fit Your Needs
Choosing the right realtor can make your home-buying or home-selling process much less stressful. Here’s how to find the right Realtor for your needs.
Benefits of Having a Co-Borrower
You may not need a co-borrower to qualify, but there are benefits to having one.