Chat about Macomb County MI real estate & Homes for sale search site

A recent phone call that was placed to me from someone who had read many of my articles for first time home buyers leads to this one being written now.  The caller was confused because she had been led to believe that FHA had income limits, and that the loan limit was part of the [...]

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I’ve received a couple of phone calls within the last month from condo buyers (with their own buyers agents) who are stumped and confused about purchasing a condo with FHA financing.
(The part that confuses me is why buyers are confused when they have hired a buyers agent, but that’s food for thought for another article.)
Here’s [...]

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One of the most confusing aspects of the purchase process for home buyers is sellers concessions. They’ve heard their mortgage lender mention it, in lieu of the buyers needing to bring to closing all of their closing costs, pre-paids, etc.    It’s also been discussed with their buyers agent during the process and [...]

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One of the most frequent issues that I run in to while representing a home buyer in my area (Macomb County, St. Clair County, Oakland County) is the fact that so many homes are foreclosures (bank owned) and my buyer clients are using an FHA or VA mortgage.
FHA has what I term “health and safety” [...]

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I will probably sound like a broken record   (if you are old enough to remember vinyl records):
Once again there is chatter and some serious talk about the government raising FHA down payments to 5%. (Currently the down payment for an FHA mortgage is 3 1/2 percent.)  This is just one of the changes being proposed [...]

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Over the last year I’ve tried to keep my readers up to date on changes that were coming for FHA mortgages and what it means for future home buyers in my Macomb County area.
One of the gentlemen that I look to for advice when it comes to FHA mortgages is Jeff Belonger.  He is a [...]

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For almost a year now I’ve been talking about and following the changes within HUD and FHA for buyers who wish to purchase a condo.  When the guidelines first came out I read through them and wondered “How can we best help our buyer clients get through this?” The answer has been and will [...]

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Wow.  Once again we have some major mortgage changes coming and until things are settled (by HUD and FHA) it could become very confusing for home buyers, and will most certainly affect the Macomb County area as well as the rest of the state.
One website that I am thrilled about is called Mortgage Myth Busters.   [...]

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Normally when people think about buying a home they start out searching for homes on the Internet. They have their wish list and must have list in mind, they have a good idea about what city they want to reside in, and they have a bit of an inkling of how much their new home [...]

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Just when I think the dust is settling a bit with the mortgage changes we receive another whammy.   Currently there are discussions going on about FHA mortgages and changes to the standards that will have a horrible affect here in Metro Detroit, and other areas of the country.
If you’ve thought about buying a home with [...]

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