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

I think home sellers will find the news much more valuable now than ever before.  If a home seller has balked at accepting an offer on their home from a buyer who is using an FHA or VA mortgage they should pause and look at this chart: Over 1/2 of homes that sold during the [...]

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Goodness, what a whirlwind this week has been with information and mis-information alike. Some of you may have read elsewhere that the first time home buyers tax credit from the Federal government is now being allowed to be given upfront so that a home buyer could use it for the down payment on their home:  [...]

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I don’t know why I am surprised. I shouldn’t be.  Just when it looks like things are settling down out there in the rumor world a new one catches my ears (and eyes.) This time a prospective buyer in the Metro Detroit area was told that the new FHA guidelines include a credit score minimum [...]

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Mr. Kelley left a note on the side panel of this blog letting us know that he has his home for sale, and one of the incentives that he is using is to pay the first 6 months of a buyers mortgage payments.  Also, if a buyer can close within 30 days of an accepted [...]

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Wednesday of this week I had time to sit down and have a leisurely lunch with a mortgage represensative, Mike Caira of Great Lakes Mortgage Funding in Sterling Heights, that I think highly of and trust to give me the most accurate information. One of the things that I wanted to know was if he [...]

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As it is with most mortgage programs and down payment assistance, there is much misinformation out there when it comes to the program details. HUD has a program for Michigan home buyers that allows for a $100 down payment when used with a FHA mortgage. A couple of important details with this program: You must [...]

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One of the areas that has been hit hardest in this buyers market in Macomb County is the condo market.  So many to choose from and those on the market are taking much longer to sell. The good news? Interest rates are fabulous, and most condos in our area qualify for FHA or VA financing.  [...]

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Lately I’ve been bringing everyone up to date on available mortgages in Macomb County MI, especially those that will help first time home buyers. A friend of mine, Jeff Belonger (AKA the FHA Expert) has written an excellent article that gives you a nice side by side comparison on purchasing a home using a FHA [...]

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HUD and FHA came out with their annual assessment recently, and new FHA loan limits have been announced for those who wish to purchase a home in 2009. For Macomb County the limit has been lowered due to declining property values.  The 2009 mortgage amount has been limited to $271,050. (This is down from $297,500) [...]

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Macomb County MI home buyers have had a rough time of it lately with the medias continual reporting of the “Mortgage Meltdowns” and “Bail out Madness”. Guess what? I talked with a local mortgage broker yesterday and he stated the following:  As of August 30, 2008 fourteen out of fifteen mortgages nationwide were current. (I [...]

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