Michigan Mortgage News

When it comes to purchasing a home, most buyers tend to opt for traditional financing methods like Conventional, FHA, or VA loans. These tried-and-true options have been the cornerstone of home financing for decades.

In the world of home financing, mortgage points are a powerful yet often misunderstood tool that can significantly impact your long-term financial outlook.

If you're considering a mortgage loan, you might wonder where the money actually comes from. It's not as simple as walking into your neighborhood bank and getting a loan directly from their vault, like it used to be decades ago.