Michigan Mortgage Pro

You have worked so hard to get to this day and now you're here!  At the closing, you meet with a title company representative and sign a LOT of paperwork. Probably the most important document is one that you do not sign - only the seller does - and that is the deed.  It transfers title from the s...

Wonder why you even need an escrow account?  Most lenders require them if you put less than 20% down on your purchase. The real reason you have one is so that the lender can be sure your taxes and homeowner's insurance are paid.  The logic is that if you put at least 20% down, you will have enoug...

HUD has cut the mortgage insurance rates for FHA loans.  With 3.5% down, the current annual rate is 1.35%.  As of January 26, 2015, that rate will go to .85%.  What a great savings of .5% for  home buyers!  On the average $175,000 purchase, that is a savings of $71.60 PER MONTH! This bold move wi...

I am SO excited to tell you about this new low down payment home loan!  We are one of very few lenders in our area to roll out this new Fannie Mae loan program which features only 3% down.  This is a great product which is a huge alternative to FHA loans which have the really high mortgage insura...

How many of us have known the heartbreak of foreclosure or know someone who has? We probably even know people that have known the dual heartbreak of foreclosure and bankruptcy. In these recent tough economic times, a lot of people have suffered from loss of income which forced them into those sit...

I have worked with a lot of Realtors in my career as a mortgage loan officer.  I've seen them all from super-competent to I wonder how they ever passed the licensing test!  I'm happy to report that there are a lot of good Realtors in my area.                                                       ...

Yes, we offer the famous "Doctor Loan!"  This mortgage is for MDs, DOs, Dentists, Podiatrists, Optometrists and Veterinarians!  At Huron Valley Financial, we understand the financial challenges associated with being a new physicial or resident with medical school debt.  Our Doctor Loan provides q...

If you have some credit problems in your past, you may be wondering if you can buy a house after bankruptcy.  YES YOU CAN!  Bankruptcy is like a fresh start.  The past is the past and you move on from there.  There are things you need to do in order to prepare for a home purchase and certain rule...

Buying a foreclosure can be scary.  It is almost always intriguing.  Neighbors, real estate agents, investors and potential buyers are all curious.  Is the home a diamond in the rough, a bargain, a nightmare or a combination of all of those?  I've seen the full gamut in condition:  from excellent...

Perhaps you have never heard of the FHA 203k loan, but it is one of the best loans out there - especially now.  Why now?  There are a lot of foreclosures on the market.  Many have deferred maintenance.  Some have been vandalized.  Most need at least some repairs, improvements or appliances and th...