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What to Look at During an Open House
Open houses, when you think about it – it’s kind of like a speed date with you and your potential home. You’re nervous and ready to see if it’s the right match for you. Here are some things you to look at during the open house: Neighborhood Before or after the open house, take a drive around the neighborhood. Are the homes cared for? What kind of stores are nearby? This tour will help you decide if this exact location is right for you. Maybe the block that the potential home is on is amazing but the surrounding area isn’t quite up ...
Getting a Mortgage After Divorce
A divorce changes so many aspects of your life, both emotionally and physically. One major obstacle is figuring out a living arrangement that works for everyone involved. If you decide to pursue a mortgage (or assume the old mortgage) on your own, a divorce can make the process more difficult, but it’s not always impossible. Here are some issues you’ll need to address: You may want to make sure your old home is in one person’s name only. If you or your ex can refinance in his or her own name, that’s the ideal situation, since one of you would ...
Home Equity Loans Do’s and Don’ts
by Michael Poulos, President/CEO of Michigan First Credit Union Home equity loans are a great option to consider if you find yourself in need of a reasonable amount of cash in a short amount of time. However, whenever you take an action that could potentially affect your credit, it’s worthwhile to sit down and research the risks and benefits involved. With a home equity loan, it’s important to make sure you’re using the funds for a good reason. DO: Use the loan for home renovations. Major upgrades like a new roof, plumbing repairs, and kitchen renovations are all great ways to use ...