The United States Department of Agriculture agency provides an excellent way to purchase a home known as the Rural Housing Loan or USDA loan for short. For Minnesota residents in the right income bracket, this mortgage program is a way to buy a home without making a down payment. Basics of the USDA Mortgage USDA […]
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WHEDA Loan Requirements: Wisconsin Housing and Economic Development Authority
Back in the early ’80s, Wisconsin recognized the opportunity to help its citizens with homeownership opportunities by implementing specific unique mortgage programs. From this desire, the Wisconsin Housing and Economic Development Authority (aka WHEDA) was created. Since its inception over 1,000 grants have been awarded, enabling people to find their own place to call home. […]
Michigan USDA Mortgage Requirements
USDA Rural Development Mortgage When you are choosing which loan program is right for you, you might not consider the USDA. As this program is designed for homes in rural areas, you might not think it is suitable for your situation. However, the majority of Michigan should be covered and this type of loan offers […]
Difference Between a Home Inspection vs Home Appraisal
We take a look at the difference between a home inspection and an appraisal, clearing up some common misunderstandings about these two important stages in the buying process
Gift of Equity Conventional Loan
Rather than provide their kids or grandkids with a check as a down payment on a home, some people choose to offer a gift of equity on an existing home.
What to Fix When Selling a House: Important Home Improvements
By learning what to fix when selling a house and reviewing these items before you list the home, you can hopefully spot any necessary repairs.
To Escrow or Not to Escrow, That is The Question . . .
An escrow account can be a great benefit to new homeowners that are trying to get their financial plans in order and establish some good money habits.