Confused by the New Mortgage Gimmicks? Here's a Guide.
Mortgage lenders are offering incentives to borrowers, hoping to lure them even as rates soar. It’s up to consumers to sort it all out.
Source: nytimes.com
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Rising interest rates jolt mortgage industry | Crain's Detroit Business
The largest single interest rate hike in a generation, announced Wednesday afternoon by U.S. central bankers, is all but assured to serve as another jolt to an already beleaguered mortgage lending industry.Metro Detroit lenders including Rocket Companies Inc. and United Wholesale Mortgage, among…
Source: crainsdetroit.com
Several companies operating in Michigan allow power buyers to make like-cash offers on homes
As the housing market remains competitive, and prices continue to rise, there's an increasing need to remove contingencies and make other promises that guarantee if a seller picks your offer, the sale will close. In the industry, they're being called power buyers.
Source: crainsdetroit.com
How to Buy a Vacant Lot
Buying land is one way to get your dream house, but the rules can be much tougher. And you might have to source your own electricity.
Source: nytimes.com
