Being your own boss does not automatically prevent you from qualifying for a mortgage. Business owners, freelancers, Being your own boss does not automatically prevent you from qualifying for a mortgage. Business owners, freelancers, independent contractors, and other self-employed borrowers can become homeowners. The process often requires additional documentation to show stable, ongoing income. If..
Category: EB Mortgage
If you’ve been thinking about buying a home in Michigan, you’ve probably noticed one number showing up frequently in the headlines: 7%. Mortgage rates have been trending higher, with Michigan’s average 30-year fixed mortgage rate at approximately 7.02% as of September 17, 2026. Nationally, Freddie Mac reported an average 30-year fixed rate of 6.76% for..
Recent changes in U.S.-Canada trade policy have added another factor Michigan homebuyers must consider. Summarized from a recent Housing Wire article, new U.S. tariffs of 50% on certain Canadian goods took effect in August, with Canada announcing matching counter-tariffs on selected U.S. products beginning September 8. For Michigan, where the economy and supply chains are..
Buying a home is an exciting milestone, but navigating the mortgage process can feel overwhelming. At EB Mortgage, we’re committed to making your home-buying experience as smooth and stress-free as possible. From pre-approval to closing, our experienced mortgage specialists provide the financing options, guidance, and personalized support you need to make informed decisions every step..
If you’ve built equity in your home, a cash-out refinance could help you achieve your financial goals. Whether you’re looking to consolidate high-interest debt, renovate your home, pay for major expenses, or strengthen your financial cushion, a cash-out refinance allows you to convert a portion of your home’s equity into cash. A cash-out refinance loan..