Thinking about updating your kitchen, finishing your basement, or tackling that long-awaited home remodel? With recent rate drops, this could be the perfect time to start. Interest rates for Home Equity Lines of Credit (HELOCs) recently fell, making it more affordable for homeowners to tap into their home equity. Mortgage rates have also dipped to..
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September is National Mortgage Professional Month, a time to honor the people who work behind the scenes—and on the front lines—helping families and individuals achieve the dream of homeownership. At EB Mortgage in Grand Rapids, MI, we’re proud to be part of this tradition of service, expertise, and community commitment. Why This Month Matters The..
If you’re a developer or investor looking to finance a multifamily or residential project in Michigan, the Michigan Pass-Through Bond Program through MSHDA may be a valuable option. Here’s what you need to know: 1. How it works: 2. Types of financing: 3. Program limits and timing: 4. Project requirements: 5. Why it matters for..
Selling a commercial property is a multifaceted process that demands careful planning and execution. Given the current economic climate, you might be wondering if it’s the right time to sell. This article provides a comprehensive guide to the essential steps in selling a commercial property, helping you secure the best possible price. Step 1: Make..
In the first quarter of 2025, commercial and multifamily mortgage debt outstanding rose by $46.8 billion, an increase of 1.0%, reaching a total of $4.81 trillion, according to the Mortgage Bankers Association (MBA). The rise was largely driven by a $19.9 billion increase (0.9%) in multifamily mortgage debt, which grew to $2.16 trillion. Despite a..