Welcome to my introduction of our YouTube Channel, Donald Horne Realtor. Inside you will find our new listings, questions from our clients, mortgage and local information covering Lake Orion to Lapeer Michigan. Please subscribe to our channel to stay informed of all real estate, mortgage and local information. Thank You! Donald Horne, Team Success listing […]
Mortgage Rates Sink to New Low in Metamora For 2014
New mortgage article in RealtorMag dated 08/22/2014, talks about fixed rate mortgages continue to tumble. Mortgage Rates Sink to New Low for 2014 is worth reading… Despite predictions that mortgage rates were to inch up in the second half of this year, fixed-rate mortgages continue to tumble. Borrowing costs moved lower this week, as the 30-year fixed-rate […]
“Boomerang” Buyers Get Second Chance, Metamora MI
Boomerang Buyers Get Second Chance, this article from RealtorMag talks about former homeowners that are credit ready to step back into home ownership… About 7.2 million homes have been lost to foreclosure or short sale since the housing crash began, according to housing data from Black Knight Financial Services. That has forced millions of former […]
e-Mortgages Will Speed Closings and Cut Costs
e-Mortgages Will Speed Closings and Cut Costs according to Fannie Mae. This weeks mortgage article from RealtorMag talks about electronic mortgage processing… An electronic mortgage process could cut 30 days off the average 52 days it takes to close a loan, according to a team developed by Fannie Mae to study e-mortgages. What’s more, […]
New Plans to Make Mortgages Easier to Obtain
FHFA unveils new plans to make mortgages easier to obtain…that’s the headline from RealtorMag dated 05/14/2014 announcing a series of easing loan limits… Tight lending conditions have been blamed for hindering the housing recovery, but a series of announcements by the Federal Housing Finance Agency on Tuesday could be the long-awaited easing that many sidelined […]
Lenders: Don’t Shrug Off Borrowers With Low Credit Scores
That was the message from FICO to the mortgage industry in this article from RealtorMag dated 05/13/2014… Executives at FICO, the creator of a credit score widely used in the mortgage industry, say that the high credit score “cutoffs” that mortgage lenders imposed following the housing crisis are stricter than necessary, and executives urge lenders […]
Mortgage Applications on The Upswing
Realtor Magazine reports (04/09/2014) that the current mortgage applications for purchases are on the upswing… While overall applications for home mortgages continue to fall, applications for home purchases, viewed as a leading gauge of future home sales, are on the rise, the Mortgage Bankers Association reports. Applications for home purchases rose 2.7 percent for the […]
Existing Home Sales Down but Prices Rise – November 2013
Existing home sales down but prices rise – November 2013. Our current newsletter is out and full of useful information on national and local housing, consumer tips, videos. Here is a sample of this months consumer tips: Buy a Home Now or Pay More Later? How to Choose The Right Neighborhood. When Should You Put […]
Housing And Mortgage Trends eNewsletter, August 2013
My monthly newsletter, Housing And Mortgage Trends eNewsletter, is now out with interesting and helpful information along with videos on todays market updates: Should You Buy a Used Home Instead of a New Home Tips for Staging Kitchens and Bathrooms When Selling Moving Day Guide and Checklist Mortgage Calculator Donald Horne, Team Success Listing Associate […]
Lapeer MI, Local Real Estate Values, Market Update, July 2013
Lapeer MI, local real estate values, market update, July 2013. Real estate market data for the Lapeer Mi area, provided by Donald Horne, Associate Broker for Coldwell Banker Shooltz Realty. 1) The median mortgage debt is $132,804 2) Median listing price is $138,160 / down 1% from last month 3) Median days on market: 60 […]