Housing Starts Heat Up Housing Starts were also on the rise in July, up 22.6% from June and coming in 23.4% higher when compared to last July. Though the gain… Read More
UPDATE – Loans in Forbearance or Deferral
Student loans in forbearance or deferral The borrower must qualify with 1% payment or document Student Loan lender has removed student loan(s) from forbearance or deferral. The borrower can typically… Read More
MSHDA Full Appraisal Requirements are Back
Full appraisal requirements reinstated for MI Home Loan (bond), Flex loans and Mortgage Credit Certificates On June 1, Governor Gretchen Whitmer signed Executive Order 2020-110, rescinding Michigan’s “Safer at Home”… Read More
New Homes Smooth Move
If you’re trying to decide between a brand new home or one that’s new to you, think about this: New homes are livable and lovable from the start. When you… Read More
MI Realtors back to work May 7th!
Below is information regarding the reopening of residential and commercial real estate in Michigan as stated on the MI Realtor website: www.MIRealtors.com Executive Order 2020-70, eases restrictions on residential and… Read More
A Take on Mortgage Forbearance
To all my Clients, Partners and Associates As we are coming up on the sixth week of quarantine here in Michigan, it is taking a toll on the Real Estate… Read More
Mortgage Relief Options
Know the different mortgage relief options so you can make the best choice Forbearance This is the plan everyone is talking about since the passage of the CARES Act. It’s… Read More
Stimulus Check FAQs from Local CPA McMillan & Associates
STIMULUS CHECKS – FAQ’s from Locally Trust Extremely Important to Know – The IRS will NOT contact you by phone or email regarding your stimulus check. DO NOT respond to… Read More
Mortgage Crisis and Fed Unintended Consequences
The Coronavirus Meltdown The current Coronavirus crisis is having a critical impact on the Mortgage Industry, which could potentially make the 2008 financial crisis pale in comparison. The pressing issue… Read More
Addendum to assist transactions due to COVID-19
The real estate industry is changing on a daily basis due to the COVID-19 virus. We are a relationship-driven industry yes with technology but also face to face interaction. The… Read More