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Do 46 Million Millennials Know They Are Mortgage Ready?
Do 46 Million Millennials Know They Are Mortgage Ready? Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as part of attaining the American Dream. Millennials have taken longer to obtain traditional milestones than the generations before them, such as getting married, having kids, and buying … Continued
Is Your House Priced To Sell Immediately (PTSI)?
Is Your House Priced To Sell Immediately (PTSI)? In today’s real estate market, with more houses coming to market every day and eager buyers searching for their dream home, setting the right price for your house is one of the most important things you can do. According to CoreLogic’s latest Home Price Index, home values … Continued
Want To Increase Your Family’s Wealth? Here’s How!
Want To Increase Your Family’s Wealth? Here’s How! Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth. Every month that you … Continued
What Credit Score Do You Need To Buy A House?
What Credit Score Do You Need To Buy A House? There are many misconceptions about the credit score needed to buy a house. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a mortgage. The reality is they are misinformed! Only 25% of the Americans … Continued
What You Can Expect After A Metro Detroit Michigan Home Inspection
You’ve found a house within your price range with the features you want, you have made an offer that was accepted, and the inspection has taken place. Now what? Well, that depends on whether the inspection turned up any problems or deficiencies, especially any major or structural ones. If that was the case, then you … Continued
What’s Going On with Bidding Wars?
What’s Going On with Bidding Wars? In a strong seller’s market, like the one we have experienced over the past few years, bidding wars are common and expected. This makes sense! A seller’s market is defined as a market in which the inventory of homes for sale cannot satisfy the number of buyers who want … Continued
7 Things To Avoid After Applying for a Mortgage!
7 Things To Avoid After Applying for a Mortgage! Congratulations! You’ve found a home to buy and have applied for a mortgage! You are undoubtedly excited about the opportunity to decorate your new home! But before you make any big purchases, move any money around, or make any big-time life changes, consult your loan officer. … Continued