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2019 Year in Review: Top 5 Real Estate & Mortgage Insights from 2019

2019 Year in Review: Top 5 Real Estate & Mortgage Insights from 2019

by Omega Lending Group | Jan 2, 2020 | Mortgage News, Real Estate

The real estate and mortgage spaces are changing every day. From mortgage rates to housing prices, it can be difficult for home buyers and homeowners to stay up to speed on all that is happening. In an effort to help the entire industry, we worked hard to offer...
If Your Mortgage Is Between $484,350 – $510,400 You Might Want to Refinance in 2020

If Your Mortgage Is Between $484,350 – $510,400 You Might Want to Refinance in 2020

by Omega Lending Group | Dec 4, 2019 | Mortgage News, Real Estate

The Federal Housing Finance Agency (FHFA) is responsible for setting “conforming loan limits” which is simply a ceiling that the government agency sets when it comes to the size of loans they will purchase or guarantee. In other words, it is the maximum size of a home...
Homes in Oakland County Are Over 33% More Affordable Today vs. 2012

Homes in Oakland County Are Over 33% More Affordable Today vs. 2012

by Omega Lending Group | Dec 2, 2019 | Mortgage News, Real Estate

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...
Estimate: Over 80,000 Renters in Oakland County Could Afford to Purchase a Home

Estimate: Over 80,000 Renters in Oakland County Could Afford to Purchase a Home

by Omega Lending Group | Oct 28, 2019 | First Time Home Buyer, Mortgage News, Real Estate

The real estate market moves extremely quickly and can change from day to day. We are always keeping an eye on a number of data sets to understand how shifts in the market might help those looking to buy or refinance a mortgage. When looking at the median household...
15-Year Mortgages – What You Need to Know

15-Year Mortgages – What You Need to Know

by Omega Lending Group | Sep 18, 2019 | 15 Year Mortgage, Mortgage News

Did you know that many of the common mortgage loan options offer a 15-year mortgage instead of a 30-year one? Many homeowners feel obligated to commit to a 30-year relationship with their lender. However, a 15-year mortgage is a legitimate option. What Kinds...
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Omega Lending Group is a local mortgage lender based in Royal Oak, MI serving Michigan home buyers and home owners. At Omega we believe that obtaining a mortgage or refinancing a home loan should be a smooth and easy process driven by real people, not algorithms or chat bots.

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