Home Ownership

May 10, 2019
Mortgage 1 explains what closing costs are.

What Are “Closing Costs?”

What are closing costs? That’s a question most first-time home buyers ask. Many repeat buyers do, too. Many home buyers don’t realize the kind of costs that can be associated with a mortgage.  Whether a buyer selects a no closing cost mortgage or a more […]
May 3, 2019
State of the Metro Detroit Housing Marketing 2019

State of the Metro Detroit Housing Market

Southeast Michigan continues to be a hot market for home buyers, both first-time buyers and those looking to move up, according to research data as well as on-the-ground insights from a local real estate pro. While the market is in a sellers’ mode, there are […]
April 16, 2019
Why Owning a Home Is Still a Great Investment

Home Ownership, Taxes and Finances: Why Owning a Home Is Still a Great Investment

April 15 is an annual rite of passage in the United States: Income Tax Day. (You did remember, didn’t you?) Since the inception of the federal income tax law in 1913, home mortgage interest has always qualified as an income tax deduction. And while the […]
August 28, 2018
Own a home by putting only 3% down

Can You Really Own a Home with 3% Down?

You can. The 3% down payment option is similar to existing conventional loan programs and can help meet the needs of first-time home buyers in the following ways: The mortgage provides the security of a fixed rate loan. The property can be a one-unit single […]