Southfield, Michigan mortgage lender
Mortgage Resource Plus walks you through every number on your loan in plain English, from the first phone call to the day you pick up the keys.
Sound familiar?
An online calculator gives you a number. It can't tell you what happens if your income changes, how long a refinance takes to pay for itself, or why two quotes at the same rate cost different amounts at closing. That's the conversation we have with every borrower.
Most borrowers qualify for more than one program. We lay the options side by side so you can see the trade-offs in dollars, not jargon.
Hover or tap a card to see what it means in practice
Low down payment options and a lender who explains every step before it happens.
FHA loans start at 3.5% down, and state programs like MSHDA can help with the down payment. We check what you qualify for before you start house-hunting.
In practiceLess down than you thinkFixed or adjustable rates for buyers with steady income and solid credit.
Put 20% down and you skip mortgage insurance. Put less down and it comes off once you reach 20% equity in the home.
In practiceThe 20% ruleGovernment-insured loans with flexible credit and a smaller down payment.
As little as 3.5% down with a 580 score. Mortgage insurance stays for the life of most FHA loans, so we compare it side by side with conventional.
In practiceThe trade-offFor veterans, service members and eligible surviving spouses.
The VA guarantees part of the loan, so eligible borrowers can buy with $0 down and no monthly mortgage insurance.
In practiceEarned, not borrowedZero-down loans for homes in eligible areas outside the big cities.
Homes in USDA-eligible areas can qualify for 100% financing. Income limits apply, and we can check an address for you in a minute.
In practiceZero down, outside the cityLower your rate, shorten your term, or take cash out of your equity.
A lower rate only pays off if you stay past break-even: closing costs divided by monthly savings. We run that math with you first.
In practiceThe break-even testWhy borrowers come back
Most of our clients find us through someone we've already helped. Here's what they tell their friends about.
We sit down with your estimate and translate every line: rate, points, lender fees, escrow and cash to close.
Your loan stays with our Southfield team from application to closing, so you always know who to call and they already know your file.
If the easier approval would cost you more over five years, we'll show you the numbers and let you decide.
Our goal is a referral from every client, and every client from a referral. Good advice is the only way that works.
How it works
A no-cost call about your goals, budget and timing. No credit check needed to start.
Share your income and asset documents and we'll issue a pre-approval letter sellers take seriously.
Once you have a signed purchase agreement, pick your program and lock your rate.
We go over your Closing Disclosure with you before closing day. Then the keys are yours.
Let's talk
Call our Southfield office or start an application online. Either way, a person follows up with you, not a bot.
