More and more people are discovering that Michigan is truly an outdoor lovers paradise. In fact, property values make this state a fantastic place to call home. Avoid the pitfalls of first time home ownership by doing a little homework and learning what you need to be successful with Michigan home financing.
If you’re planning a home purchase, a good first step is to get your finances in order. Check your credit history and correct any inaccurate information. Errors in credit records can rarely be repaired overnight.
Before you begin searching for your dream home, you might consider pre-qualifying for home financing. Simply put, you work with a lender to discover how much you can afford and can move more quickly if and when they find the right house.
As for the type of loan itself, there are a few options to help you move forward and into your new home. Perhaps a fixed rate mortgage in which the payment and interest remain constant throughout the life of the loan is right for you. Or if you’d rather start out with lower initial payments an Adjustable Rate Mortgage might be more to your liking. Each type of loan has its own advantages so make sure to speak to your lender about how each of them can work for you.
All the details involved in home buying, particularly the financial ones, can be mind-boggling. A good real estate professional can guide you through the entire process and make the experience much easier.
Our featured Michigan Home Financing partners:
With interest rates at all-time lows, there has never been a better time to refinance.
Take advantage of getting additional cash out to improve your home, buy a new car, or pay for a child’s education. GuideToLenders.com will provide you with competitive loan quotes from up to four lenders. Different types of refinance loans offered are 30-year fixed, 15-year fixed, adjustable rate, and interest only. You’ll receive the best rates and options available, regardless of your credit. It takes less than a minute to apply, and you have nothing to lose. Find your refinance loan right now.
MoneyNest can help you search through hundreds of lenders and to find the most competitive rates. Get loans for mortgage refinancing, second mortgages, a home equity line of credit, home improvement, or debt consolidation. No fees are required and all credit histories are considered. Fill out a single application and get up to 4 FREE quotes.
Countrywide Home Loans
Qualified homeowners – even those with less-than-perfect credit – may now access their home’s equity to get cash, consolidate debts, and lower monthly expenses. Countrywide Home Loans may also help applicants who are self-employed or have high consumer debt. We offer competitively priced home loan programs, including fixed rate, adjustable rate, refinance and home equity loans.
DebtWave Credit Counseling, Inc.
DebtWave Credit Counseling, Inc. offers a program to its clients that enables them to repay their debt in a timely fashion. We specialize in working primarily credit cards; however, we are usually able to assist clients with any bills that are considered to be unsecured. Below is a list of benefits that we are typically able to obtain for our clients:
– Reduce your interest rates
– Lower your monthly payment
– Consolidate into one monthly payment
– Eliminate late & overlimit fees
– Stop harassing phone calls (if behind)
Our featured partner for Investment Assistance:
The advantage of having an easy-to-follow, step-by-step investing process with easy-to-use Web-based tools is that you rely on facts to make decisions – not emotions. The benefits are less stress, better results and, dare we say it, fun.