MSHDA Home Ownership Programs offer a unique opportunity for Michigan residents to achieve the dream of homeownership with the help of down payment assistance and favorable loan terms. This program is available to first-time homebuyers who have not owned a home in the past three years, statewide, and to repeat homebuyers in targeted areas, making […]
Tag: Home Buying Tips
Move-Up Home Strategy: How Upgrading Now Saves Money
Have you been clinging to your ultra-low mortgage rate while longing for more space? You’re not alone. Many homeowners hesitate to “move up” because of higher interest rates. However, by focusing on appreciation instead of rates, you may find that a move-up home strategy leads to greater long-term equity. In today’s market, fewer bidding wars […]
MSHDA Programs: New Pathways for Michigan Homebuyers
Michigan Governor Gretchen Whitmer approved new laws that strengthen MSHDA programs (Michigan State Housing Development Authority). These updates raise purchase price caps and adjust board rules. As a result, more people can buy a home—even in competitive markets. Why These MSHDA Updates Matter Many buyers feel shut out by steep housing costs. However, these changes […]
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 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.
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.
Tips to Improve Your Credit Score
In today’s world, your credit score may be the most important number impacting your buying power. Can you purchase a home? Can you buy a car? Do you qualify for a credit card? Ask your credit score. Whether you’re in the red or in the green, your credit score is key. Here’s more about credit […]