News

July 27, 2018

New Condo Financing Options

New Condo Financing Options Mortgage 1 has expanded the guidelines their Condo financing options. A condominium complex can be grouped into one of two mortgage categories warrantable and non-warrantable.  A condo complex is considered non-warrantable when they fail to meet criteria by Fannie Mae and Freddie Mac to […]
June 29, 2018
Loan Terminology

Loan Terminology

Loan Terminology can be confusing. Here is a list of terms that are used in the mortgage industry that may not be used in everyday life. Amortization Amortization is the payment of a debt in equal installments of principal and interest. Appreciation Appreciation is the […]
June 1, 2018
Michigan Veterans will now have an easier time purchasing and financing single-family homes using a VA mortgage.

Michigan Veterans VA Mortgage Options

A rule change in Lansing provides great news for Michigan Veterans that are dreaming of a new home. The statement from the Veterans Benefits Administration reads: Effective immediately, site condominiums in the state of Michigan will be processed in the same manner as a single-family […]
April 20, 2018
Rent Vs Own

7 Reasons to Own a Home

7 Reasons to Own a Home. With the homes for sale inventory at historically low levels and the home buying season is in full swing. First time home shoppers are becoming frustrated and giving up looking for a home opting to rent for another year.  Here […]