RECENT BLOG POSTS
Federal National Mortgage Association (Fannie Mae) designed the Community HomeChoice mortgage product for people with disabilities or with family members who have disabilities who have low to moderate income.  This is a single family mortage loan program.  The program offers flexibility in terms ...
11/20/2013
Before visiting a prospective mortgage lender, it would be a good idea to write down pertinent questions so that you will be able to decide whether or not this lender is appropriate for you. The following are basic queries that are suggested, in one form or another, by most lending institutions. ...
11/16/2013
Buying a home can be especially challenging for people with disabilities.  Many have difficulty qualifying due to low income or little money for a down payment.  One in three persons with a disability lives at or below the poverty level.  This makes it challenging for lenders to qualify a disabl...
11/13/2013
Why do people make such a big deal about being able to qualify for an FHA Loan? Actually, that is a great question, because the loan backed by the US Federal Housing Administration (also known as the FHA Loan) allows a lot of people to afford to buy a home that otherwise could not.What is an FHA ...
11/12/2013
Mortgage Brokers act as intermediaries between a prospective borrower and a lending institution. In most states the broker is required to be licensed consistent with the provisions of the Nationwide Mortgage Licensing System and can be liable for fraud during the entire life of the loan. He is no...
11/12/2013
Although more Americans have been able to qualify for home mortgages during the past few decades, a growing problem has arisen which primarily affects minorities such as the elderly, people of color, the economically vulnerable, and people with language disabilities. This is the practice called p...
11/11/2013
Purchasing your first home can be a mystifying and even frustrating experience unless you are equipped with the proper knowledge before you begin the process. Once you have some insight as to which steps to follow, and the proper sequence, the entire experience will be an enjoyable and rewarding ...
11/09/2013
If you are renting your home in Detroit, there is a very good chance that you are wasting money. Ordinarily, paying rent instead of a house payment to build toward an asset is a bad idea, anyway.  However, with today's house prices in Detroit, you are probably PAYING MORE EACH MONTH. That's right...
11/08/2013
Do you have more repair skills than cash? If you would like to purchase a home and get a great value, you might be able to get a loan for the home of your dreams with the help of 203(k) rehab loan insurance. ) As long as the After Repair Value (ARV) of the home is MORE than the amount you need to...
11/08/2013
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Why buy a home?  What makes it so much better than renting a place to live? Of course, as a real estate company, we make money when people buy or sell homes using our service, but it actually makes sense for YOU...for many reasons...but it's especially true for Detroit houses.  You really should ...
11/08/2013
Rainer
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Kay Francis Woods

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