Opening 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…
Read MoreUnderstanding Recent Changes in VA Loan Rules and Realtor Fees
If you’re a veteran or active-duty service member looking to buy a home with a VA loan, there are some recent changes you should know about. These changes can affect how you work with real estate agents and what costs you might have to cover. What’s New? Temporary Fix for Realtor Fees: The Department of…
Read MoreUnlock the Potential of Your Dream Home with FHA 203K Loans at Ross Mortgage
At Ross Mortgage, we understand that every home buyer or homeowner has unique dreams and challenges. That’s why we offer FHA 203K loans—a perfect solution for those looking to transform a fixer-upper into the home of their dreams or enhance the value of their current residence. With 75 years of experience in the mortgage industry,…
Read MoreCelebrating 75 Years of Excellence at Ross Mortgage Corporation
This year marks a significant milestone for Ross Mortgage Corporation, headquartered in Troy, Michigan. We are thrilled to announce our 75th anniversary in the mortgage industry! Founded in 1949 by Hugh Ross and currently led by CEO Tim Ross, and Tim Pascarella as President, our company has stood the test of time by focusing on…
Read MoreWhy Every Homebuyer Needs a Guaranteed Pre-Approval
Homebuyers in 2024 are facing unprecedented challenges in the housing market. With historically low inventory and fluctuating interest rates, the competition for available homes is fierce. Securing a dream home has become a daunting task, with properties often attracting multiple offers and selling above the asking price. In such a demanding environment, what can a…
Read MoreDon’t Wait to Buy Your Dream Home in Michigan: Here’s Why
Are you dreaming of buying a home in Michigan? It’s an exciting journey, but there are some important things to consider before you hit the pause button and wait for those interest rates to drop. Welcome to Ross Mortgage’s guide to making smart decisions when buying a home in Michigan. We understand the temptation to…
Read MoreHow Cash-Out Refinancing Can Be Your Lifeline in Times of Debt
In today’s economic climate, where consumer debt has hit record highs, finding a manageable path out of debt is more crucial than ever. For many homeowners, the solution may lie in an option they might not have considered: cash-out refinancing. At Ross Mortgage, we understand the challenges you face and are committed to helping you…
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