If people were questioning whether we’re in a buyer’s market now or not, it’s a pretty sure thing now.  With all the changes that have come from above regarding mortgages, short sales and financing, we’re seeing a big change in the numbers of buyers coming forward. During the 3rd week of June, the demand for […]

According to recent Freddie Mac rate reports, we’re seeing standard 30-year fixed-rate mortgages reaching new lows again.  As of the 22nd rates dropped to 3.66 percent due to some weak economic reports.  Those numbers  are currently holding this week. An additional record low was hit for 5 year adjustable rate mortgages which dropped to an […]

People who currently rent homes and apartments in Michigan are willing to make a lot of sacrifices and slash their budgets to get that dream home and finally own property, according to a home-buying survey from Century 21. Of the renters that were surveyed (non-homeowners), over 80% indicated a strong desire to buy a home […]

Before you take the first step to buying a home – talking with a Michigan mortgage lender – you have to look at your personal finances.  It’s important to understand your income to debt ratio.  How much you earn versus how much you owe is a major deciding factor in how much a mortgage lender […]

The economy has been rough on Michigan residents, and it’s led to a multitude of foreclosures, record-high unemployment rates and bankruptcy’s after families try to recover.  There is no doubt that filing for a bankruptcy can be extremely difficult to recover from, and it has a devastating impact on your ability to get credit in […]

When it comes to real estate in Northville, Novi, Royal Oak, Ann Arbor, Livonia, Plymouth and other cities throughout Washtenaw, Oakland and Wayne Counties, right now is the best time to purchase a home.  You likely hear that a lot, but it’s absolutely true right now because the market has never been so great for […]

It might come as a surprise, but buying Northville real estate or even more expensive properties and nicer homes still requires some interaction from a contractor for most families.  Even if you find a dream home there may be work that needs to be done to either update old fixtures, get a home up to […]

Whether you’re currently a homeowner or you’re thinking about buying a home in Michigan this year, you’ve likely considered property taxes as one of the regular costs when compared to current rental pricing and your existing home situation. Some people in Michigan ready to buy a home have been spooked out of purchasing a house […]

There are a lot of homes for sale in Metro-Detroit, and as many as half of the homes for sale of the Michigan real estate markets fall under the category of a distressed property. Distressed properties in Michigan are homes that have either gone through a foreclosure, or they are currently being marketed by the […]

A common question I run into from clients – especially first time buyers – has to do with their credit scores and mortgage preapproval.  The question is usually phrased in some way similar to “I’m getting ready to buy a home soon but I’m worried that if I get preapproved too early and don’t find […]