Mortgage 1 Inc. Blog - Home Buying Tips Once a Week

March 15, 2024

Your Ultimate Spring Cleaning Checklist | Home Maintenance Tips

Goodbye winter, hello spring! Taking proactive steps to prepare your living space for the season can significantly enhance your household’s safety, prevent potentially costly repairs, and boost overall comfort levels. Conducting essential spring maintenance ensures a smooth transition into the warmer months ahead and sets […]

February 28, 2024

Your Guide to an MSHDA Loan | MI Home Loans and DPA

Homeownership often presents challenges, particularly for those with financial constraints. However, Michigan residents have a lifeline in programs like the Michigan State Housing Development Authority (MSHDA) loans and down payment assistance (DPA), which provide vital support to turn individuals into homeowners. What is an MSHDA […]

February 12, 2024

How Long is a Mortgage Preapproval Good For?

Buying a home is a significant milestone for many, but navigating the financial aspects can be complex. One crucial step in the homebuying process is getting preapproved. A mortgage preapproval is a lender’s conditional commitment to lend you a certain amount for a home purchase. […]

February 5, 2024

Government-Backed Mortgages: What Are They?

Government-backed mortgages are designed to make homeownership more accessible, particularly for first-time buyers and individuals with limited financial resources. They often feature lower down payment requirements and more flexible credit score guidelines than conventional loans, making them an attractive option for many prospective homebuyers. Understanding […]