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Repairs needed on a bank-owned property?
Can’t meet the minimum repair amount for an FHA 203(k)? The JAMCO 7 can help your buyers! John Adams Mortgage will allow your buyer to close on the purchase of their home that is in need of minor...
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HARP 2.0 Not a Game Changer
The hype from Monday’s HARP 2.0 announcement about making it easier for credit-impaired borrowers to refinance might give the impression that it will filter through into the economy and the housing...
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U.S. Grows at 2.5% Pace in Q3: Is the Recovery Back On Track?
via The Atlantic Finally, the U.S. gets a solid dose of good economic news: GDP grew at an annualized rate of 2.5% in the third quarter. After growing at a rate of just 0.8% in the first half of the...
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Rental Vacancies, Homeownership Rates Rise
via Mortgage News Daily The Homeowner Vacancy Rate declined slightly in the third quarter while vacancies rose in rental housing according to information reported today by the U.S. Census Bureau....
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Michigan Homes Sales: Steady on Units and Average Sales Price
For the fourth straight month, Michigan’s monthly home sales outpaced last year while average prices remained steady. According to the Multiple Listing Service (MLS) reports compiled by the Michigan...
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‘Tis The Season To Be Spending
Black Friday has arrived and that means that the Holiday spending frenzy has begun. This season is a very important measure of the health of the economy every year. This year, the results could be even...
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The Market in October
Homebuyers scooped up more previously owned homes in October, slowly putting a dent in the huge inventory on the market, an industry report showed. Sales of existing homes rose 1.4% last month to an...
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We are hiring!
John Adams Mortgage is searching for a General Sales Manager to oversee its Loan Officers. Based in Southfield, John Adams is “Southeast Michigan’s #1 FHA/VA purchase Lender” but also focuses on...
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FHA TO INCREASE MONTHLY AND UPFRONT MIP ON ALL LOANS
We have received news that FHA is increasing their monthly and up front mortgage insurance premium on all FHA loans starting April 9th! Any new files submitted on or after April 9th will be subject to...
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Using Your VA Loan Benefit to buy a condo – Is it worth it?
Are you looking to purchase property with your VA loan benefit? Although condos are a good alternative to single family homes, buyers should be aware that to get a VA loan on a condo there are more...
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