Windmill Homes was presented with

the 2019 Parade of Homes “Blue Ribbon Award”

for their “The Wooddale” home

Buying a Home in Michigan: The Steps to Getting A Mortgage

Many people who are on the market for a new home feel stressed out over the idea of applying for a mortgage. For Michigan residents especially, the task can seem overwhelming due to the unpredictability of the state's real estate market in recent years. In 2016, the Michigan real estate market experienced a shortage of inventory that made it more challenging for home shoppers to find the perfect property.

Though it could take time, financed homeownership in Michigan is achieved through the following steps:

Make enough money and reduce how much debt you're carrying

Anyone can get approved for a mortgage if they make enough money and aren't carrying an excessive amount of debt. However, you'll never get approved if you have little or no income.

One thing you need to do in addition to simply having a decent paying job to establish a credit history. Lenders need to know that you can be counted on to pay your bills. Establish a credit history by taking out a credit card and very carefully making your payments on time each month.

Compile your information and meet with lenders

It's hard to shop for a home if you're not sure how much you're eligible to borrow. You need to get an idea of what your price range will be.

To determine how much you'll probably be able to borrow, you need to bring information like your income information, current debt information, and credit report into a mortgage lender and discuss how much you'll be likely to be approved for on a mortgage loan.

Make an offer on your home of choice

Next, you need to shop around for the right home. Once you've found an ideal property, make an offer. If your offer is acceptable to the buyer, you can go ahead with finalizing your mortgage agreement by finally officially applying for a mortgage loan.

If you're in the market for a new house and are looking for new construction homes, then contact the professionals at Windmill Homes for asistance! 

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