Michigan Mortgage

Now May Be a Good Time to Look at Your Interest Rate

Flashback from Markets past.

In 2003 rates hit all-time lows for that era. 30-year fixed rates touched down at around 5.5% at their lowest and 15-year fixes leveled out at almost at 5% even.

Today, rates are better than that by one full percentage point.

The reason I’m reminded of this is because I’m finally seeing a lot of my customers again…

Self Serving or True?

This post covers something I often think but rarely say because it sounds as though I am being very self serving. But because blog readers are volunteers, I think this is the right medium in which to present it.

COST AND RATE SHOPPING…

FHA Streamline Refinancing – Saves Many $100s!

FHA streamline refinances are easily done and right now (as of today’s date) fixed rates are available at 5% for a 30 year loan and 4.5% for a 15 year loan – possibly even better. Regardless of the interest rate the process for approval is a simple one requiring only the following data for a [...]

Now Is The Time To Rent Out Your Home

I have talked with a number of my clients about the following four realities. Many have taken action based on them…

Should I Pay Points for a Lower Interest Rate?

Last week I received the following question from a client – I get it a lot so I thought I would publish my email response.

“We have been talking about the new build home loan and the topic of buying down the loan interest rate has come up. We were wondering if you have guidelines that can help make the decision if buying points is worth the up-front expense.

Thanks again, we appreciate your time and your advice.”

Rates Have Risen – Why This Matters Little For Most Home Buyers.

The Point

Make good financial decisions for yourself personally based on your own personal economy and let the greater economy take care of (or not take care of) itself. Just because everyone is buying a home does not mean you are ready. But, if you are ready, now is a very good time to make this happen. The next few years will be a great time historically to purchase a home based on price per square foot of living area.

Why Do Mortgage Rates Have to Rise?

Mortgage Rates – Why Do They Have to Rise?

Well they don’t have to. We cannot know the future. New and unknowable information creates the future for us, and even though we are told that certain things are going to happen, we don’t know for sure that they will until they do.

Let me give you an example…