Michigan First Mortgage Blog

How to Use Gift Money for your Down Payment

By Parker Aiken, Mortgage Loan Officer

If you’re looking to become a homeowner and find yourself struggling to save enough money for your down payment, a generous relative or friend can help by gifting you money. The gift must be documented properly through financial statements and a gift letter. When using a gift you will need to follow the steps your loan officer lays out in order for this to be executed correctly. One thing to remember is that a gift can only be used when you’re purchasing a primary residence or second home. If you know a gift will be …

What to Do With Your Parents’ Home When They Pass

By Stanley Zajdel, Mortgage Loan Officer
The passing of one’s parents is a difficult time. The most important thing you can do is take time to grieve. Try not to make any important decisions about your parents’ home until you are in the right state of mind. Once you are ready, make sure the estate has been through probate and has passed on to the proper heirs and beneficiaries according to their will. Consult with an attorney to handle probate. It can be a complicated process, but doing it right the first time will save you unwanted frustration and money in …

Why You Should Buy a Home with a Real Estate Agent

By John Fitzgerald, Mortgage Loan Officer 

So you have decided that it’s time to make a move! Whether you are purchasing a home for the first time or the sixth time, buying a home is an exciting event. Fortunately, a real estate agent acting as your buyer’s agent can help you navigate the process and allow you to focus on everyday life, all while planning your eventual move to your new home. Let’s discuss how your local realtor can help you find the right home for you and your family.

Better Access to More Information

Realtors help you navigate the home buying process …

The Pros and Cons of Buying a Vacation Home

By Nicole Moore, Mortgage Loan Officer

Many people dream about having a second home or vacation home. The idea that we can easily get away to a different location and escape our everyday lives seems appealing for most. When considering whether or not to purchase a vacation home, there are general pros and cons to consider.


Vacation properties are more likely to maintain or increase value because they are located in high demand areas with a geographically limited supply. You may be able to obtain higher yields from a vacation home vs. a traditional rental property.
Rental income can be generated …

How to Manage Getting Married and Buying a Home

By Carrie Soffia, Mortgage Loan Officer

Congratulations on your upcoming nuptials! Wedding plans have begun and you decide to start looking for a new home to begin your life adventure in. Before making these two big commitments, consider your options, make a plan, budget accordingly, and don’t forget to breathe!

Consider Your Options

To buy or not to buy a home before your big day? That is one question to consider! Determine the financial impact it will have on your immediate future.  Some cost saving options would be asking family or friends to help out by gifting flowers, catering, and videography or photography …

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