Farmington Hills Michigan Home Equity Loan Options

Farmington Hills Michigan Home Equity Loan Options

Thomas Gilliam Blog , Farmington Hills , home equity , Uncategorized Leave a Comment

There are a few different types of home equity loans. Some may be a better alternative than others based on your situation, interest rates, and the reason for your home equity loan. The Farmington Hills Michigan home equity loan options detailed in this article may help you understand your options. Home Equity Loan Types Cash-out Refinance A cash-out refinance pays off your first loan and creates a new one. The new loan includes the amount of the old loan, the extra funds you are taking out and applicable settlement costs. Because you are replacing the old mortgage, rather than taking …

Farmington Hills Mortgage Rates: Perception and Reality

Mortgage Rates: Perception vs Reality

Thomas Gilliam Blog , Farmington Hills , Uncategorized Leave a Comment

Farmington Hills mortgage rates have been so low for such a long time that it would be surprising if area buyers didn’t begin to take them for granted. It’s only human nature. Addressing would-be home buyers who, though qualified, remain on the sidelines, government-sponsored Freddie Mac headlined the question, “If Housing Is So Affordable, Why Doesn’t It Feel That Way?” The article appeared in Freddie Mac’s Insight publication which noted that right now housing isn’t just affordable—it’s “near record” affordable! HUD’s Housing Affordability Index has been rising for over 35 years, interrupted only briefly by the housing crisis of the …

Farmington Hills Mortgages & Student Loan Phenomenon

Farmington Hills Mortgages & Student Loan Phenomenon

Thomas Gilliam Blog , Uncategorized Leave a Comment

Farmington Hills Mortgages Strategy Includes Student Loan Burden All of a sudden last month Farmington Hills readers might have come across a number of new articles dealing with the same topic of Farmington Hills Mortgages: The problem Farmington Hills mortgages milinials young first time home buyers are encountering due to outstanding student loans. The target group is the millennials—everyone born between the early 1980s and 2000s. If you are one of them, you are frequently reminded that there are millions and millions of you out there. And millions who also share the same student loan problem. There are conflicting accounts …