The Top 10 Reasons To Not Buy A Home In Michigan Until 2010

Thursday, October 23rd, 2008

1. First off, I really do not think anybody should be buying a home for any reason until 2010. There is nothing stopping home values dropping around the country. What needs to happen first is we need to have a leveling out period. 2. Home prices are expected to drop in the greater Detroit, MI [...]

The Top 10 Reasons Why You Cant Refinance Your Mortgage After The Home Was Listed For Sale On The Market

Wednesday, October 22nd, 2008

1. People trying to refinance their home after having it listed for sale are about to run into a big road block. Refinancing a home after being listed is one of the biggest underwriting guidelines that has to be passed. This is not about you, its about the mortgage company. 2. Most mortgage companies like Quicken [...]

The Top 10 Reasons Why You Should Give Up Trying To Refinance Your Mortgage If The Appraisal Comes In Low

Thursday, October 16th, 2008

1. Let’s say that you are trying to refinance your mortgage. It does not matter if it is because you are trying to refinance from a adjustable rate mortgage to a 30 year fixed rate mortgage or if you are just looking to take cash out of the equity of your home. Every single mortgage company [...]