Michigan Mortgage News

The latest Trade Balance data has shown that despite the rigorous action involved with tariffs, it has had little impact on adjusting the trade balance amongst the US and other countries. The imbalance has gone the other direction -- becoming worse -- the last 3 releases alone.

One of the most common misconceptions in home buying is that the amount you are approved for is the amount you should spend. In reality, lenders calculate the maximum you qualify for based on your income, debts, and credit profile.

One of the most common mistakes buyers make after applying for a mortgage is changing their financial situation too quickly. This can include opening new credit cards, finance a car, or make large purchases. Even if you have already been pre-approved, lenders continue to monitor your financial profile until closing.