Mortgage Brokers Detroit
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Detroit has a large number of residents living in rental homes as they are not in a position to afford homes or do not know how to avail of the financial resources to buy a house. This is where the Mortgage Brokers Detroit can help home loan seekers with expert guidance and services in owning a house. The mortgage brokers in Detroit work in close coordination with real estate lawyers to ensure that the mortgaged property is litigation-free.
Detroit is a major industrial center in the US where real estate prices are dipping in the post industrial recession. Most mortgage brokers in Detroit are optimistic that the real estate market is on course for steady growth in the near future. Moreover Detroit has the highest number of foreclosures in the US and for investors with time in their hands it is a good market to put their money.
The Office of Financial and Insurance Services under the Michigan Department of Labor and Economic Growth supervises all aspects of licensing and supervising Mortgage Brokers. In Michigan mortgage brokers handle both first mortgages and second mortgages under the supervision of The Office of Financial and Insurance Services. An individual interested in becoming a Mortgage Broker in Michigan for first mortgages has to pay a license application fee of $ 450 along with a non-refundable investigation fee. In case of an application for Mortgage Broker for second mortgages the applicant has to provide a Surety bond of $ 25,000 or an Irrevocable Letter of Credit of the same amount.
For more information please check www.michigan.gov/cis
The MMBA (Michigan Mortgage Brokers Association) is the industry body and a leading and respected source for members, consumers and regulator bodies. It researches and anticipates issues and opportunities affecting the members.
Contact Details
600 West Shiawassee Street
Lansing, MI 48933
office: 517-371-8023
fax: 517-371-8025
The major mortgage brokers of Detroit are:
AAXA Discount Mortgage
Types of services provided:
Contact Details:
6322 Oleander Drive Wilmington, North Carolina 28403
First Metropolitan Mortgage Co. Inc.
Types of services provided:
Contact Details
511 Fort St
Port Huron, Michigan 48060
Fast Results Mortgage
Types of services provided:
Contact Details
10031 Bergin Road
Howell, Michigan 48843
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