Michigan Mortgage News

If you're considering buying a home, you're likely wondering how much you'll need for a down payment. The common belief is that you need to put down 20% of the home's purchase price, but that's not the only option and in many cases, it's not even necessary.

Getting turned down for a mortgage can be discouraging, but it doesn't mean the dream of homeownership is over. In fact, understanding why your application was declined is the first step toward making a stronger comeback. Let's look at some of the most common reasons a mortgage might be denied and what you can do about it.

We love our pets, they are part of the family. But did you know that your furry (or feathered) friend could play a surprising role in your homebuying journey? While your dog probably will not impact your credit score, being a pet owner can influence where and how you buy a home, and even the type of loan you choose.