Non-Occupant Loans for Kiddie Condos and Joint Ownership

October 9, 2023

Buy a Home With Friends or Family Thinking about buying a home but feeling the weight of those mortgage figures? Consider diving into the realm of homeownership with friends or family — sort of like phoning a friend to help you answer a tough question on “Who Wants to be a Millionaire?” As long as […]

Step-by-Step Guide to MSHDA Down Payment Assistance

October 8, 2023

Understanding Michigan’s Mortgage Assistance Programs Buying a home doesn’t have to be out-of-reach, even if you’re attempting to secure a mortgage with a smaller income. Michigan’s mortgage assistance programs aim to make homeownership more accessible for low-to-moderate income residents. These programs offer various benefits, from down payment assistance to flexible financing.   What is a […]

How to Buy a Foreclosure in Michigan

October 6, 2023

If you’re looking for a more affordable path to becoming a homeowner, purchasing a foreclosure might be for you. From uncovering the process and strategies to understanding the risks, it’s important to explore the realm of foreclosures before diving in, so you can make informed decisions before making any commitments.   How to Find Foreclosed […]

Will Interest Rates Go Down in 2024?

October 6, 2023

In the ever-evolving world of real estate and finance, one question consistently rears its head: Will interest rates for mortgages go down? While the answer is never set in stone, and there are intricate dynamics behind interest rates, we can still shed light on the outlook with a rates forecast.   Will Mortgage Interest Rates […]

How Much Does Title Insurance Cost in Michigan | Treadstone Funding

October 6, 2023

What Is Title Insurance? When you purchase real estate, you are essentially buying the ownership rights to the property, which is represented by the title. Titles can sometimes unearth hidden and unknown defects or discrepancies like liens from unpaid taxes or debts, easements, undisclosed heirs, errors with public records, and fraud or forgeries, threatening the […]

Understanding the Michigan Mortgage Credit Certificate (MCC) Tax Credit

October 6, 2023

What Is the MCC MSHDA Tax Credit? A Mortgage Credit Certificate is a federal tax credit based on the mortgage interest paid by a homeowner. The total benefit amount from MSHDA (Michigan State Housing Development Authority) is equal to 20% of a borrower’s total annual mortgage interest. MSHDA offers the Mortgage Credit Certificate (MCC) Tax […]

FHA Loans Just Got Easier: Changes to FHA Mortgage Application Rule

September 19, 2023

What Changed? The Federal Housing Administration, the government agency that backs FHA Loans, had a policy to flag an applicant who was rejected for an FHA mortgage. This flag stayed with the borrower(s) for a six-month period, and it was accessible to all other lenders. The idea was to help them decide if you were […]

The Family Assist Program Explained

August 29, 2023

What is the Family Assist Program? The Family Assist Program, also known as the Family Opportunity Mortgage Program, was established to make it easier for family members to acquire homes for their loved ones. This program addresses the challenges faced by families aiming to help their elderly or disabled family members find safe and convenient […]

Buy a Home for $100 Down – HUD Homes

August 18, 2023

If homeownership feels far out of your reach because you have been struggling to save enough money to afford a sizable down payment, there might be another way for you to secure your own home. In fact, purchasing a HUD home may mean you only need a $100 down payment. But what are HUD homes […]

The Benefits of Homeownership

June 28, 2023

While we love to celebrate the joys of homeownership year round, June is officially National Homeownership Month! This is a month to promote the benefits of homeownership and recommit to creating opportunities for future homeowners. The Department of Housing and Urban Development has committed to providing affordable, accessible, and equitable homeownership for Americans nationwide.   […]