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Best Mortgage Rate In Michigan | Blog

Friday, February 10, 2017   /   by Paul Wolfert

Dissecting the 20% Down Payment Myth

By: Paul Wolfert

It turns out that the crazy amount of home sales happening nationally and here in Michigan have been chugging along at a good clip despite some huge things working against them.

At least that’s what I managed to take away from last month’s Aspiring Home Buyers Profile report. Not the most captivating thing to read. Trust me.

Aside from it nearly putting me to sleep, it did shed light on one obvious and one not-so-obvious widespread belief among would-be future homeowners. Curious? Good.

Home buyers are always a nice mix of current homeowners (who will usually also be selling) and first-timers.

Among those first-timers, a major drag on their willingness and ability to buy their own pad here in the “mitten” is student debt.

A virtual landfill worth has been written about that in recent years so it’s hardly a surprise that 39% of non-owners said that student loan payments are the primary reason they weren’t plannin; ...

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Wednesday, January 4, 2017   /   by Paul Wolfert

6 Steps to Lock Down the Lowest Mortgage Rate in Michigan

By: Paul Wolfert

Without even knowing it... many buyers nearly develop a split personality when it comes to purchasing a home. Totally Dr Jekyll and Mr Hyde style.

In the beginning, as they hunt for their ideal place, buyers usually take on a super active role.

And you should.

You are the customer, you should expect to be in total command of the house hunting process….Crafting your unique wish list “must haves” filled with whatever your imagination comes up with.

You want trap doors and a slide to the kitchen from your closet? You got it. I’m on it.

But then a split can develop.

The active, in-charge commander often does an about-face when it comes to the nuts and bolts of the next step: securing the mortgage.

Upon entering the weird and mysterious realm home loans, the formerly active, energetic house hunter turns passive, hoping for approval with fingers crossed.

It’s like venturing into Oz. Who know’s what&r; ...

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