Everyone’s situation is at least a little bit different when it comes to purchasing a home. Many factors can influence the particular aspects of your situation and your ability to buy a home that’s in your budget. Seeking to understand the factors that impact your budget is an important step to finding the right home…

Like the rest of the world in 2020, the Detroit, Michigan real estate market shifted significantly. The shift was driven by changes that saw many ways of life upended, and sent some searching for a home with enough space to now live and work. If the beginning 6 months of 2021 are any guide, some…

Now that we are just about at the midpoint of 2021, it’s time to take a quick look at the housing market, because things have changed drastically from just 12 to 18 months ago. Supply and demand are terms the real estate world have become all too familiar with over the past year. Pandemics and…

So you are ready to make the transition from being a renter to a homeowner? Whether your goal is to find a little place in the city or some acreage in the country, you’d probably prefer to officially graduate from renter to homeowner sooner rather than later. After all, by purchasing a home rather than…

When you think of a mortgage, you might tend to think that the experience is the same regardless of where you go and how it’s financed. The reality is that there are several different types of mortgages and which one you need is determined by the range of factors specific to each mortgage. It can…

Although the recent historical lows have slowly become their own version of recent history, the current rates are still very much below where they have been for quite some time. These rates can make a refinance or new home purchase well worth it. However, the rates also bring a new choice into focus: opting for…

Making a hefty down payment on your home is a way to cut your interest costs and gain equityin your home, right from the start. Unfortunately, in the competitive market to find just the righthome, some buyers elect to draw in additional funds to purchase their dream home. While wewould all be so fortunate as…

The steps to getting a mortgage may seem shrouded in mystery like the Wizard of Oz behind the curtain. The reality is that there is a consistent process to a mortgage loan and they follow a predictable progression of six primary steps. And once you understand this list of steps, then you can begin the…

The interest rate on mortgages remains at or very near record low rates. While a number of people have already hit the refinance button, rates have ticked low enough that some may even consider a second refinance, or the rates are finally just too low to ignore for others. Regardless of your reason to refinance…

A solid employment history is a good way to demonstrate that you have the ability to repay your mortgage. It demonstrates a trend that you have a source of income where you are able to predictably pay your monthly mortgage payment and ultimately repay the loan. Mortgages are all about risk when it comes to…