You may need to pay for private mortgage insurance (PMI) if you’re applying for a conventional loan. PMI allows you, the buyer, to put less than 20% down when purchasing a home. This policy is meant to protect the lender if the buyer stops making their loan payments....
So you’ve made an offer on a home you would like to buy. That means you’ve been preapproved for a mortgage, you’ve found your real estate agent and you have selected a mortgage company that you would like to work with – now what? From making an...
Winter in Michigan often results in a slowdown of the real estate market. The reality is home buyers simply aren’t as motivated to go house hunting when the winter comes around and the curb appeal of homes for sale isn’t as strong with a few inches of snow covering...
When it comes to purchasing a home or investing in real estate, market fluctuations have a major impact on how affordable a given property is. Drivers of this affordability include median income, home prices, interest rates, wage growth, jobs and more. When looking at...
In real estate, timing is everything. From mortgage rates to the current real estate market conditions, the real estate market is always changing from day to day. If you’re trying to coordinate the “perfect” timing of your next home purchase, you’re certain to get...
