Call Today! (734) 737-9600

Blog

21 Oct 2025
By Aadil Nathoo

How Parenthood Changes Mortgage Needs and Housing Priorities

Home Mortgage Tips, ,
Becoming a parent changes everything, including how you think about homeownership. The priorities that once guided your decisions, like proximity to nightlife, short commutes, or luxury finishes, shift dramatically when you start planning for a growing family. Suddenly, your focus moves from what suits your lifestyle today to what supports your family’s future tomorrow. Space Becomes a Necessity, Not a LuxuryOne of the first changes new parents experience is the need for more space. That cozy condo or starter home might feel tight once cribs, strollers, and toys enter the picture. Families often start looking for homes with extra bedrooms,…
Read More
20 Oct 2025
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – October 20th, 2025

Financial Reports, ,
The government has been facing a shutdown for the past 19 days with continued obstinacy from both parties, largely over healthcare subsidies. As a result, there will be few major reports this week, the most notable being the Federal Reserve’s Beige Book, which indicates that the U.S. economy is once again showing signs of slowing. Federal Reserve Chairman Jerome Powell also provided comments on the current inflation outlook, noting that multiple private and public data sources show inflation remains largely within projections. He added that the Fed will maintain its current monetary policy stance despite the ongoing government shutdow. There…
Read More
17 Oct 2025
By Aadil Nathoo

The Role of Credit Inquiries in Mortgage Approval

Mortgage, ,
When preparing to apply for a mortgage, it is important to understand how credit inquiries can impact your chances of approval. Lenders use your credit report to assess risk, and every inquiry can play a role in how they view your financial stability. By knowing the difference between soft and hard inquiries, borrowers can make smarter decisions and protect their credit scores during the home buying process. Soft vs. Hard Credit InquiriesA soft credit inquiry occurs when a lender or other company checks your credit for informational purposes. Examples include checking your own credit report, pre-approval offers, or background checks…
Read More
16 Oct 2025
By Aadil Nathoo

How Changing Jobs Affects Mortgage Approval

Home Buyer Tips, ,
Switching jobs can be an exciting step in your career, but for homebuyers, it can also raise questions about mortgage approval. Lenders evaluate income stability when considering a mortgage application, and a recent job change can influence how they view your ability to repay the loan. Understanding how a new position impacts your application can help you plan strategically and improve your chances of approval. How Lenders Assess Employment StabilityLenders want to ensure that borrowers have a reliable and consistent source of income. They typically look for at least two years of employment in the same field. Frequent job changes,…
Read More
15 Oct 2025
By Aadil Nathoo

Balloon Mortgages Explained

Mortgage, ,
Balloon mortgages are a unique type of home loan that can be attractive to some borrowers, but they also carry specific risks. Unlike traditional mortgages with consistent payments over the life of the loan, balloon mortgages involve smaller monthly payments for a set period, followed by a large lump sum payment at the end. Understanding how balloon mortgages work, who they are suited for, and potential pitfalls can help you make an informed decision before committing. How Balloon Mortgages WorkA balloon mortgage typically has a fixed interest rate with relatively low monthly payments for a predetermined term, often five to…
Read More