We are a Michigan based Mortgage Broker. That means we have access to multiple lenders with the best rates and loan programs to match your mortgage needs. Our mission is to provide the perfect loan for your perfect home with as little stress as possible!
Get link
Facebook
X
Pinterest
Email
Other Apps
On the fence about buying now vs waiting a bit?
Here is a helpful analysis we put together so you can see what it costs you to wait!
If you need specific advice or guidance (or would like custom numbers), we'd be happy to help.
Get link
Facebook
X
Pinterest
Email
Other Apps
Comments
Popular posts from this blog
So real estate wisdom tells us that spring and summer are the prime seasons for house hunting and moving. People are more likely to get out and shop when the weather is nice. It is a more pleasant time of year, and sellers know their yards look better when not covered in snow. Yet there are some very logical and compelling reasons for going shopping for a house and moving in the winter as well. As we know, moving and real estate often go hand in hand, and though we'd like to dictate when we move and when we buy a house, very often other circumstances can emerge and force us to sell, buy and move anytime of year. But having to buy a house in the winter is not the worst thing that can happen. In fact, here are some advantages that show how you could benefit from house hunting in the winter. Fewer Buyers to Compete With The most obvious plus of buying and moving in winter is exactly because real esta...
Getting a mortgage with low income can be challenging, but it is possible. Here are some tips to help you increase your chances of getting approved: Improve your credit score: A higher credit score can help you qualify for a lower interest rate, which can make your mortgage more affordable. Paying bills on time, keeping credit card balances low, and disputing errors on your credit report can help improve your credit score. Explore government-backed loan programs: Government-backed loan programs such as FHA and USDA loans may have lower income and credit score requirements than conventional mortgages. These loans can also have lower down payment requirements and may be more flexible when it comes to income verification. Find a co-borrower: Having a co-borrower with a higher income and credit score can increase your chances of getting approved for a mortgage. However, it's important to note that both borrowers will be equally responsible for repaying the loan. Consider a lower-price...
The income you need for a mortgage will depend on a variety of factors, including the size of the mortgage you are applying for, the interest rate, your credit score, and your debt-to-income ratio (DTI). Generally speaking, lenders prefer that your total monthly debt payments, including your mortgage payment, be no more than 43% of your gross monthly income. To get a rough estimate of how much income you'll need for a mortgage, you can use a mortgage affordability calculator. These calculators take into account factors such as your income, debts, and expenses, as well as the size of the down payment and the interest rate, to estimate how much house you can afford. HERE is an awesome (and ad free) one! Keep in mind that the income requirements for a mortgage can vary widely depending on the lender and the type of loan you are applying for. Some government-backed loan programs such as FHA and VA loans may have more flexible income requirements, while conventional loans may re...
Comments
Post a Comment