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…
Read more
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…
Read more
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….
Read more
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…
Read more
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…
Read more
In the first quarter of 2025, commercial and multifamily mortgage debt outstanding rose by $46.8 billion, an increase of 1.0%, reaching a total of $4.81 trillion, according to the Mortgage Bankers Association (MBA). The rise was largely driven by a $19.9 billion increase (0.9%) in multifamily mortgage debt, which grew to $2.16 trillion. Despite a…
Read more
For over 80 years, VA home loans have empowered countless Veterans to achieve homeownership. Despite the program’s extensive reach, many eligible Veterans remain unaware of its full scope. Understanding VA Home Loans VA home loans, facilitated by private lenders like banks and mortgage companies, offer Veterans, Servicemembers, and eligible surviving spouses a unique guaranty benefit….
Read more
As a real estate investor looking to scale your rental property portfolio, it’s crucial to find financing options that make it easier to manage your growing business. DSCR (Debt Service Coverage Ratio) portfolio loans are an excellent solution for investors who want to consolidate their properties into one manageable loan. These loans not only simplify…
Read more
In the middle of March 2025, commercial mortgage rates are still being shaped by a variety of factors, with the federal funds rate sitting at 4.25% to 4.50%. After the Federal Reserve opted to maintain this range in January, few experts expect a rate cut in the upcoming March meeting. Projections indicate potential cuts later…
Read more