Discover what a first mortgage is, its importance as a primary lien, key requirements, and tax benefits. Learn how it compares with a second mortgage and explore real-life examples.

The average Michigan home costs about $260,000 in mid-2025, according to Zillow. With home values expected to rise, now could be a good time to invest in your first home — if you can afford it.

Why we like itRocket Mortgage is the largest mortgage lender by volume, standing out for its range of affordable borrowing options, down payment assistance and closing cost credits. Pros Reported ...