How Do You Qualify To Buy A House? This weeks question from a past client that is looking to sell and move up in price … Your credit is one of the most important things that will be considered when determining if you qualify for a home loan. It’s also one of the things that most […]
Get 3 Big Tax Breaks – If You Buy a Lake Orion MI Home in 2015
This weeks article from Craig Donofrio in the current Housing Trends eNewsletter titled, You Could Get 3 Big Tax Breaks – If You Buy a Home in 2015 … So you didn’t buy a house last year. That’s OK—you haven’t missed the boat yet on low mortgage rates or a healthy inventory of homes. In many ways, […]
What is Seller Concessions?
What is Seller Concessions? Seller concessions are when a home buyer asks the home seller to pay costs on the home buyer’s behalf. These costs could include: Title insurance, processing, origination, inspection fees and transfer taxes. For the buyer, the more costs a seller is willing to assume, the more they’ll be able to put […]
The Mortgage Mistake Nearly Half of Lapeer MI Borrowers Make
This story from Catey Hill, The $25,000 Mortgage Mistake Nearly Half of Borrowers Make, talks about how many people pay to much for their mortgage … Did you pay too much for your mortgage? If you’re like millions of Americans, the answer is probably yes — and that means you may be throwing tens of thousands of […]
Questions to Ask Your Lake Orion Mortgage Lender
Article from Craig Donofrio, 10 Questions To Ask Your Mortgage Lender, discusses questions you should be asking to ensure you’re clear on your options when buying a home … 1. What mortgage types do you offer? Different mortgage lenders offer different types of mortgages. These can loans differ in the amount offered, interest rates, length and payment type. […]
FHA 203K Loan Limits
8 Mortgage Mistakes You Can’t Afford to Make
To avoid some of the biggest missteps, you should first know what they are … The 8 Mortgage Mistakes You Can’t Afford to Make by Craig Donofrio in this months article from Housing Trends eNewsletter … Picking out the perfect home can be a challenging task. But that’s only the first step. You still need to be an attractive […]
How Much Home, in Metamora Michigan, Can You Afford?
This article, How Much Home Can You Afford, from Craig Donofrio in the latest issue from Realtor.com … Looking at sprawling villas in the suburbs and 2,000-square-foot condos in the middle of downtown is one thing. How much home you can afford may be entirely different. Of course, there’s nothing wrong with looking. But when it comes down to […]
Dramatic Easing of Mortgage Standards in Lake Orion
Plans to expand buyers access to mortgages by loosening standards, announced 10/21/2014 here in RealtorMag, FHFA’s Dramatic Easing of Mortgage Standards … Federal Housing Finance Agency Director Mel Watt on Monday announced plans to expand home buyers’ access to mortgages by loosening up lending standards. FHFA’s Latest Efforts FHFA Unveils New Plans to Make Mortgages Easier to […]
Borrowing Costs in Oxford Michigan Ease Slightly This Week
Borrowing Costs Ease Slightly This Week, Freddie Mac reports in this RealtorMag article dated 09/26/2014 in it”s weekly mortgage report … Fixed-rate mortgages dropped slightly from the previous week, holding near yearly lows, Freddie Mac reports in its weekly mortgage report. Mortgage Trends: What’s New on the Mortgage Front? Emerging From the Shadows Freddie: Housing Market […]