Home prices are not sky-high in the entire country. And some homeowners only need to refinance a small loan balance. But do banks and mortgage companies require a minimum loan amount for you to buy or refinance a home?

• Mortgage programs backed by the government (FHA, VA and USDA) have no minimum mortgage amount
• Home loans backed by Fannie Mae and Freddie Mac do not require a minimum amount
• However, mortgage lenders almost always impose minimum mortgage amounts and/or extra fees for smaller loans

Many of the costs of originating a mortgage are fixed, such as those for underwriting and processing. Continue reading →

Range Health purchases Eastern Kille Distillery homes for $3.75M in big return for create spirits manufacturer

FANTASTIC RAPIDS — proprietors of Eastern Kille Distillery need offered their own big Rapids production and tasting area property to range Health , generating a major return regarding create spirit designers’ owning a home as they attempt to keep surgery within the urban area.

Latest Walker commercial webpages plan getting urban area endorsement

WALKER — The Walker thinking percentage will give consideration to a site program Wednesday for a 21,350-square-foot speculative professional building north of I-96.

Companies adjust to stays productive amid highest commodities expenses, work problems

D evelopers and companies discover some light shining at the end regarding the tunnel as sky-high prices for lumber alongside construction commodities begin to lessen from peaks while in the pandemic.

Kent district officials need seat ‘at the dining table’ for GR amphitheater

FANTASTIC RAPIDS — As area officials and personal designers format real estate bargain to upfront methods for a the downtown area amphitheater, Kent region commissioners are looking for even more involvement in an ongoing process where they’re going to eventually vote. Continue reading →

We’ve all heard of statements — a standard amount student loan obligations is definitely rising much more New Englanders choose economic assist to purchase institution educations. The newest graduating lessons received an average of $28,650 in education loan debts nationally, while new grads in Massachusetts and Rhode Island fared more serious with average finance liabilities of $32,065 and $36,250, correspondingly.

No one who has got student education loans is actually alone — about 70 % of university students graduating in 2018 have got college loans.Once undoubtedly a signature of the speckled range, student education loans stay for several years and a long time. This begs issue: does indeed the decision to tackle student loan credit change the capability to buy your house? Continue reading →