Mortgage Loans

Mortgage Rates Near All Time Lows

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“mortgage rates have now dropped 15 basis points over the past two weeks, leaving them only…” Mortgage rates hit a new 2016 low this week, and they’re also nearing the lowest averages ever recorded. Freddie Mac reports the 30-year mortgage rate is close to the November 2012 record low of 3.31 percent. “Continuing fallout from…

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Credit Mistakes Potential Home Buyers In Lapeer Make

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“Maintaining a strong credit score is one of the most important things potential buyers can do if they want to qualify for a mortgage” … Maintaining a strong credit score is one of the most important things potential buyers can do if they want to qualify for a mortgage, since credit scores are used by…

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Closing Times Are Speeding Up

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Closing Times Are Speeding Up … The average time to close on all mortgage loans dropped to 44 days in March, the shortest amount of time in a year, according to Ellie Mae’s latest Origination Insight Report. New mortgage rules went into effect last October, pushing closing timelines from 46 days in October to 48…

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Surprising Ways To Save For A Down Payment

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5 Surprising Ways To Save For A Down Payment … Saving for a down payment does not have to be an impossible feat for your would-be buyers. HouseLogic recently featured several resourceful ideas to help them save up for a down payment on a home. Crowdsource Maybe instead of a traditional wedding registry, your buyers…

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Buying And Selling A Home At The Same Time

Ah, to be a first-time home buyer again: How easy it was to buy a home when you weren’t carrying another mortgage on your back! If you’re looking to graduate from first-timer to repeat buyer, you know things are about to get much trickier. Unless you’re a bona fide house collector, you’ll have to sell your home in…

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Home Appraisal vs Home Inspection

Home appraisals and home inspections are sometimes confused. While they are both an important part of the home buying process, they ultimately serve two different purposes. Key Takeaways • Appraisals estimate the value of the home, taking into consideration factors like comparable sales of homes in the area • A home inspection looks at the…

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Buying vs Renting, Build Your Own Equity Not Your Landlords

you can buy for the same payment

Buying vs renting, build your own equity not your landlords … If you are renting, buying a home could very well be a financial move that benefits you in the long run, as you pay your own mortgage and build equity instead of paying your landlords mortgage. What is your monthly rental payment? $450, $500,…

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Donald Horne’s Down Payment Resource Center

help with down payment

Although most potential homeowners aren’t aware, there are hundreds of homeownership programs available to homebuyers across the country. In fact, just within this area, there are many different programs to assist homebuyers just like you in their path to homeownership! We invite you to see which programs you may be eligible for by searching through…

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How do You Qualify to Buy a House?

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How Do You Qualify To Buy A House? This weeks question from a past client that is looking to sell and move up in price … Your credit is one of the most important things that will be considered when determining if you qualify for a home loan. It’s also one of the things that most…

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