Category: home-financing
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How Much House Can I Actually Afford?
It is the first question almost every homebuyer asks, and it is the right one to start with. Before you tour homes, before you fall in love with a floor plan, and before you start scrolling listings, you need a clear and honest number. The problem is that “how much house can I afford” has two answers:…
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First Time Homebuyers Programs in Michigan: Down Payment Help, Grants, and VA Benefits
Buying your first home is one of the biggest financial decisions you’ll ever make, and the good news is you don’t have to face it alone. Michigan has some of the strongest first-time homebuyer programs in the Midwest, offering powerful down payment assistance and grants that can put thousands of dollars toward your purchase before…
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Bank Statement Loans Explained for Self-Employed Borrowers
If you work for yourself, you already know that the traditional mortgage process wasn’t designed with you in mind. Lenders typically qualify borrowers using W-2s and tax returns – two documents that tell a clean, linear story about income. For self-employed borrowers, freelancers, and business owners, the story is almost never that simple: The result? Qualified, creditworthy borrowers get turned down.…
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Why Today’s Mortgage Rates Aren’t as High as You Might Think
If you’ve been keeping an eye on the housing market lately, it’s easy to feel a bit of “rate shock.” After the record-breaking lows we saw just a few years ago, seeing numbers hovering around 6% can feel like a steep mountain to climb. At Perry Johnson Mortgage Company, we hear it every day: “Rates…
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Why Work With a Mortgage Broker Instead of a Mortgage Company?
Securing financing is one of the most consequential decisions in the homebuying process. Yet most buyers spend considerably more time selecting a property than evaluating who will structure their loan. That oversight can cost thousands of dollars over the life of a mortgage. When it comes to obtaining financing, many buyers default to a familiar…