Change is coming At Ross Mortgage, we understand how student loans can shape your financial journey—and for many, that includes the path to homeownership. With new updates from the federal government regarding student loan legislation, now is the time to understand how these changes could affect your ability to buy a home. What’s Changing? The…

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In our previous blog, we introduced renovation loans as a powerful solution for homebuyers looking to purchase and customize a fixer-upper, which you can read here. Now, let’s take a closer look at the two main renovation loan options: FHA 203(k) and HomeStyle loans. Each offers unique benefits, and choosing the right one depends on…

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If you’ve been house hunting, you’ve probably noticed one big challenge—there aren’t enough homes on the market. With high demand and limited supply, buyers often find themselves in bidding wars over move-in-ready properties. But what if you could expand your options and create the perfect home rather than waiting for the right one to appear?…

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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…

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debt

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…

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young couple in bad financial situation stress asking for help

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…

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young couple looking frustrated at paperwork

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…

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Picking new home base on budget concept. Income or lifestyle. House or mortgage affordability calculation, businessman hand wisely think to picking different variant houses with price tag.

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…

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photo of house showing a scam

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…

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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…

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