Unlock $25,000 in Down Payment Assistance for Michigan Homebuyers with MSHDA and Ross Mortgage
At Ross Mortgage, we believe homeownership should be within reach for everyone. That’s why we’re excited to share news about an incredible opportunity for first-time homebuyers in Michigan—the MSHDA First-Generation Down Payment Assistance Program, offering up to $25,000 in down payment support! This new program is a game-changer, especially for first-generation buyers in Michigan who…
Read MoreDebt Consolidation FAQs: What Every Homeowner Needs to Know
Introduction Debt consolidation through mortgage refinancing is a powerful tool that can help homeowners reduce financial stress and save money. If you have high-interest credit card balances, personal loans, or auto loans, rolling them into your mortgage can lower your total monthly payments and free up extra cash each month. At Ross Mortgage, we know…
Read MoreHigh-Interest Debt Weighing You Down? Ross Mortgage Has a Solution
Introduction High-interest debt isn’t limited to credit cards. Many homeowners are also burdened with personal loans, payday loans, and auto loans that come with steep interest rates. If you’re struggling to keep up with these payments, there’s good news: your home equity could help you break free from the cycle of debt and gain financial…
Read MoreTackle Credit Card Debt with a Smarter Mortgage Strategy
Introduction Credit card debt is a growing concern in the U.S. According to the Federal Reserve, total credit card debt has surpassed $1 trillion, with the average household carrying a balance of over $5,700. Worse, many credit cards carry interest rates between 25% and 30%, making it nearly impossible for some families to get ahead…
Read MoreRoss Mortgage Welcomes Expanded MSHDA Opportunities for Michigan Homebuyers
Introduction Big news for Michigan homebuyers! With the signing of HB 5032 into law, Governor Gretchen Whitmer has initiated a significant change in the state’s housing market. Starting in May 2025, the Michigan State Housing Development Authority (MSHDA) will increase its maximum sales price limit. This historic update opens the door to affordable homeownership for…
Read MoreBeware of Mortgage Scams: A Critical Alert from Ross Mortgage
At Ross Mortgage, your financial security is our top priority. We’re dedicated to keeping you informed about potential threats that could put your homeownership at risk. Today, we’re sharing an important warning issued by the Federal Communications Commission (FCC) about a widespread scam targeting homeowners across the United States. What You Need to Know About…
Read MoreOpening Doors to Homeownership with a Down Payment Assistance Loan from Ross Mortgage Corporation
At Ross Mortgage, we understand that saving for a down payment is one of the biggest challenges to achieving homeownership. That’s why we proudly offer a down payment assistance solution designed to make homeownership more accessible. What is a Down Payment Assistance Loan? A down payment assistance loan helps eligible buyers take a crucial step…
Read MoreInsights from Ross Mortgage: Navigating the Housing Market in 2024
With the 2024 presidential election approaching, many wonder how political factors will impact the housing market, especially in states like Michigan. Tim Ross, CEO of Ross Mortgage, recently addressed these concerns with Fox 2 Live Detroit. How are political factors influencing the housing market, particularly in Michigan? According to Tim, political discussions surrounding housing policy…
Read MoreRoss Mortgage Offers Below Market Rates for Eligible Properties with the Ross Community Home Loan
At Ross Mortgage, we believe everyone deserves the chance to own a home. That’s why we’ve developed the Ross Community Home Loan, a mortgage program designed to open doors to homeownership in select communities. This loan is available for both first-time buyers and those who currently own or have owned homes in the past. With…
Read MoreIntroducing The Ross Rate Reducer
If you’re worried about high interest rates making homeownership less affordable, you’re not alone. At Ross Mortgage Corporation, we have over 75 years of lending experience and we offer a solution to ease your concerns: the Ross Rate Reducer, commonly called a one-year buydown. This option prepays your interest which in return temporarily lowers your…
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