March 2015

There are 3 blog entries for March 2015.

New Homes on The Market

A few Home to look at before the hit the market!!

3315 Cardiff Ct, Lansing, MI 48911

600 Spartan Ave, East Lansing, MI 48823

21548 Junction Rd, Bellevue, MI 49021

1447 Prospect St, Lansing, MI 48912

5914 Pheasant, Lansing, MI 48911

9550 Silver Creek Rd, Whitehall, MI 49461

4555 Byron Center Ave. SW Wyoming, MI 49519

2552 Hall St  East Grand Rapids MI 49506

Call us for pricing! 616-957-0500
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Home Mortgage Requirements Easing
The Mortgage Bankers Association’s February report on its credit availability index for January shows significant loosening of credit requirements.  The US has been taking steps to ease regulations and improve housing affordability. For example, Fannie Mae has resumed purchases of conventional mortgages with as a little as 3 percent down.  Freddie Mac has similar plans for loans closed on or after March 23.  The Federal Housing Administration (FHA) in January reduced its costly upfront mortgage insurance premiums which will increase mortgage eligibility for home buyers.  FHA insures loans with down payments as low as 3.5 percent.  Private lenders are also loosening borrowing requirements by lowering FICO scores and weighing other factors such as income,

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