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Macomb County MI Real estate

Macomb County MI real estate blog

Entries Tagged as 'mortgages in michigan'

A new credit scoring system has arrived – How to prepare to purchase a home in Macomb County MI

July 31st, 2012 · No Comments · mortgages in michigan, tips for home buyers

Late last fall I started reading about a company called CoreLogic and their enhanced way of looking at a consumers credit and payment history.   One of the newest articles describing what they do (and how it could affect you if you are considering purchasing a home and applying for a mortgage) can be found here. […]

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Helpful tip for Macomb County MI home buyers – start a paper trail!

February 27th, 2012 · No Comments · mortgages in michigan, tips for home buyers

Ask anyone who has applied for a mortgage recently about the process and I’m sure one of the first things that is mentioned is “Oh my gosh, the lender wanted everything you can think of!”   I always smile when I hear these comments coming from my buyer clients, because even though I’ve told them that […]

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Confusion abounds about FHA loan limits and MSHDA income limits in Macomb County MI

January 27th, 2012 · 1 Comment · Buyers agency, fha mortgages and first time home buyers, mortgages in michigan

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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Here we go again..proposed changes to FHA and what it could mean to our Macomb County MI real estate market

June 1st, 2011 · No Comments · fha mortgages and first time home buyers, macomb county mi real estate market, mortgages in michigan

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 […]

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Not getting a response after a written inquiry to your mortgage lender? Cite RESPA. A “win” for the good guys!

February 17th, 2011 · No Comments · mortgages in michigan, tips for home buyers

I am doing a happy dance while sitting in my desk chair.  I just finished reading this article that was posted a bit ago at ABC online. What a win for the consumer! In a nutshell (read the article at the link provided above, you’ll be glad you did) a man in Pennsylvania wrote to […]

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Update on FHA mortgage changes

November 5th, 2010 · No Comments · fha mortgages and first time home buyers, mortgages in michigan, tips for home buyers

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 […]

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Mortgage changes coming around once again – what it means for Macomb County MI home buyers

September 10th, 2010 · No Comments · fha mortgages and first time home buyers, mortgages in michigan, tips for home buyers

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 […]

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Thinking about buying a home soon? Start your papertrail now for your mortgage – Advice for Macomb County MI home buyers

July 26th, 2010 · No Comments · fha mortgages and first time home buyers, mortgages in michigan, tips for home buyers

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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Most frequently asked question this year: “Is there down payment assistance left in Michigan?”

March 22nd, 2010 · No Comments · macomb county mi real estate market, mortgages in michigan, tips for home buyers

Yes.  In Michigan there is a program called MSHDA that still has down payment (and closing cost) assistance to home buyers.  There are income limits, however they have become more generous over the years.  There are also purchase price limits, but as with the income they are also higher than in years past. For example: […]

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Only 34 business days left for the 1st time home buyer tax credit

October 8th, 2009 · No Comments · mortgages in michigan, tips for home buyers, Up to $8000 1st time home buyers tax credit

I dislike pressuring people, especially home buyers.  If you would ask my previous clients they’d be apt to say that I’ll talk them out of purchase rather than talk them in to one. That being said, if you are thinking about buying a home solely to take advantage of the first time home buyers tax […]

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Important copyright information: All photos were taken by Kris Wales. Do not copy and use photos for your own use, whether it be for personal or commercial purpose. All articles were written by Kris Wales. Once again, do not copy and use for your own purposes. Important disclaimer: Views expressed on the blog by the author and commenters do not express the views of Keller Williams Realty. All information contained is deemed to be reliable at the time of posting but not guaranteed.