Lapeer MI Property Taxes | How They Can Impact Your Mortgage PaymentProperty taxes can have a big impact on your monthly payment When buying a home, taxes are one of the expenses that can make a significant difference in your monthly payment. Do you know how much you might pay for property taxes in your […]
Pre-approval can help you resolve financial issues First things first, let’s clarify a few things around pre-approvals. For one, a pre-approval is not the same as a pre-qualification. A pre-qualification, which is based on information borrowers supply to the lender as well as a soft credit pull, can be a great tool to help buyers see […]
Lapeer MI, Homes For Sale | Where Are Interest Rates Headed? Team Success Listing LLC At a local level in Lapeer Michigan, buyer confidence remains strong with some changes that varies on the price level and type of homes they are looking for. Particularly in and around Lapeer 48446. The addition of new stores […]
Closing Costs For Buyers | Donald Horne, Team Success Listing LLC Many homebuyers think that saving for their down payment is enough to buy the house of their dreams, but what about the closing costs that are required to obtain a mortgage? By law, a homebuyer will receive a loan estimate from their lender 3 days […]
“mortgage rates have now dropped 15 basis points over the past two weeks, leaving them only…” Mortgage rates hit a new 2016 low this week, and they’re also nearing the lowest averages ever recorded. Freddie Mac reports the 30-year mortgage rate is close to the November 2012 record low of 3.31 percent. “Continuing fallout from […]
“Maintaining a strong credit score is one of the most important things potential buyers can do if they want to qualify for a mortgage” … Maintaining a strong credit score is one of the most important things potential buyers can do if they want to qualify for a mortgage, since credit scores are used by […]
Closing Times Are Speeding Up … The average time to close on all mortgage loans dropped to 44 days in March, the shortest amount of time in a year, according to Ellie Mae’s latest Origination Insight Report. New mortgage rules went into effect last October, pushing closing timelines from 46 days in October to 48 […]
5 Surprising Ways To Save For A Down Payment … Saving for a down payment does not have to be an impossible feat for your would-be buyers. HouseLogic recently featured several resourceful ideas to help them save up for a down payment on a home. Crowdsource Maybe instead of a traditional wedding registry, your buyers […]
Ah, to be a first-time home buyer again: How easy it was to buy a home when you weren’t carrying another mortgage on your back! If you’re looking to graduate from first-timer to repeat buyer, you know things are about to get much trickier. Unless you’re a bona fide house collector, you’ll have to sell your home in […]
Home appraisals and home inspections are sometimes confused. While they are both an important part of the home buying process, they ultimately serve two different purposes. Key Takeaways • Appraisals estimate the value of the home, taking into consideration factors like comparable sales of homes in the area • A home inspection looks at the […]