Being your own boss does not automatically prevent you from qualifying for a mortgage. Business owners, freelancers, independent contractors, and other self-employed borrowers can become homeowners. The process often requires additional documentation to show stable, ongoing income. If you’re thinking about buying a home or purchasing an investment property, understanding the paperwork and approval process…
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If you’ve been thinking about buying a home in Michigan, you’ve probably noticed one number showing up frequently in the headlines: 7%. Mortgage rates have been trending higher, with Michigan’s average 30-year fixed mortgage rate at approximately 7.02% as of September 17, 2026. Nationally, Freddie Mac reported an average 30-year fixed rate of 6.76% for…
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Recent changes in U.S.-Canada trade policy have added another factor Michigan homebuyers must consider. Summarized from a recent Housing Wire article, new U.S. tariffs of 50% on certain Canadian goods took effect in August, with Canada announcing matching counter-tariffs on selected U.S. products beginning September 8. For Michigan, where the economy and supply chains are…
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EB Mortgage offers flexible commercial financing solutions designed specifically for real estate investors, self-employed borrowers, and entrepreneurs who may not fit traditional lending guidelines. Whether you are purchasing rental properties, funding renovations, building from the ground up, or expanding a commercial portfolio, our investor-focused loan programs provide fast, flexible options tailored to your goals. Our…
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Mortgage rates in 2026 have become increasingly unpredictable, creating new challenges for homebuyers—especially those entering the market for the first time. While rates improved late last year, recent economic pressures and global instability have pushed borrowing costs higher again. Current Monthly Payments on a $600,000 Mortgage At today’s average rates: (Estimates exclude taxes, insurance, and…
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Commercial real estate investing is showing renewed momentum as investor confidence continues to strengthen heading into 2026. A recent survey from CBRE, the world’s largest commercial real estate services and investment firm, reveals that the vast majority of investors plan to increase or maintain their exposure to commercial real estate this year—signaling optimism around long-term…
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Renovating your home is an exciting opportunity to improve comfort, function, and long-term value—but success starts with careful planning. Whether you’re upgrading a kitchen, refreshing the bathroom, or reimagining your entire layout, these key steps will help keep your project on track. Set a Realistic Renovation Budget Every successful renovation begins with a solid budget….
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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…
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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…
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