Conforming Loan Limit Increase

Having a new administration in Washington means federal housing policies may change. Unfortunately, the FHA Premium Reduction was cancelled. But the Federal Housing Finance Agency (FHFA) is still moving forward with an increase in the Conforming Loan Limit....
Mortgage Rates Stay Low

Mortgage Rates Stay Low

If there’s one thing not springing up in April, it’s the 30 year mortgage rate.  After weak employment news, you still have the opportunity to buy a new home at historically low rates, or refinance your home to a more affordable payment. We know there are...

Refinance at a Lower Rate?

We all know the headlines. Low interest rates! Down payment and closing cost assistance! There is a lot of advice out there. But very few people and businesses are providing guidance on who should be doing which kind of refinance package you should pursue. What Kind...

Home Purchase Grants

Hello Michiganders looking to make a new home purchase! McLellan Financial Mortgage has some great news for you.  Recently, funds were appropriated by the Legislature to the Michigan State Housing Development Authority (MSHDA) for a pair of new programs.  They are...

New Year, New Mortgage News

Well, 2013 got here awfully fast.  We’re excited for another year of business and the opportunity to help Michigan families with their first home loans, home loan refinances, or commercial loans.  But while we love his roguish good looks, Uncle Sam always has...
Housing Market Supply & Demand

Housing Market Supply & Demand

The housing market is full of variables.  Some are intensely complicated but others are more straight forward, like supply and demand.  If you remember way back to that Economics 101 class you took in high school or college, you may remember the idea of supply and...