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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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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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…

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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,…

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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…

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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…

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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…

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If you’re a homeowner thinking about refinancing your mortgage, you’re in the right place. Refinancing can sound a bit complicated, but it’s just the process of getting a new mortgage to replace the old one. This can help you get a lower interest rate, reduce your monthly payments, or even take out cash from your…

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Introduction With interest rates at historic lows in recent years, many homeowners have jumped on the opportunity to secure a mortgage at a favorable rate. However, life happens, and you may find yourself with additional financial obligations like a second mortgage, a Home Equity Line of Credit (HELOC), credit card debt, or student loans—all of…

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