Category: Mortgage Tips

Is it Time to Trade Renting for Owning?

November 13, 2014 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Mortgage Tips, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

I’ve already discussed the pros and cons of both buying in the winter and selling in the winter, but it is also important to think about whether or not it is time to ditch the apartment for a house. If you are currently renting and have been thinking about buying a property, it might be […]

Happy Veteran’s Day

November 12, 2014 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Mortgage Tips, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

Happy Veteran’s Day to all active duty members of the military and to all who have previously served. Your sacrifices are truly appreciated by everyone here at Ross Mortgage. And for all military personnel, active and retired, don’t forget that you have a special mortgage program available to you through the VA. A VA mortgage […]

Buying a House in the Winter

November 6, 2014 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Mortgage Tips, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

On Tuesday, I discussed the pros and cons of selling a house in the winter. Today, I’d like to talk about buying a house in the winter. Many potential buyers I speak to, especially those who are currently renting or are first time homebuyers, think they need to wait until the spring to buy a […]

Documents to Collect for a Mortgage

October 29, 2014 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Mortgage Preapproval, Mortgage Refinancing, Mortgage Tips, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

If you are in the process of buying a house or are thinking of buying a house, there are some common documents you will need for your mortgage. By collecting them early and having them upfront, you will save time in the process and help your mortgage officer properly prequalify you. And many lenders will […]

Who Needs a Mortgage Preapproval?

October 24, 2014 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Michigan Real Estate Tips, Mortgage Preapproval, Mortgage Refinancing, Mortgage Tips, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

Mortgage preapproval letters have become a standard practice in the home buying process. Most sellers would like something of substance from a lender stating that you actually have the means to buy their house before making it unavailable to other buyers. Why take their house off the market and go into contract with you, when […]

Can I Get a Mortgage on a House I Plan to Flip?

October 21, 2014 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Foreclosures, Michigan Mortgage Banker, Michigan Mortgage Lender, Michigan Real Estate Tips, Mortgage Refinancing, Mortgage Tips, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

The market for house flipping has never been stronger. Even as house prices surge, more and more people are stepping into the house flipping game to make a quick buck. And as such, more and more clients are calling me to ask if they can finance a house they plan to flip. Now, in a […]

What to Look for in a Realtor

October 17, 2014 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Mortgage Refinancing, Mortgage Tips, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

In the grand homebuying scheme, there are two people who are going to make or break your experience: the lender and the real estate agent. Everyone has an opinion on which is more important, negotiating the best deal on the purchase price or finding the best financing, but no one will tell you that both […]

What to Look for in a Lender

October 14, 2014 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Michigan Real Estate Tips, Mortgage Tips, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

So you’re in the market for a new house, you’ve met with a Realtor, and have begun a cursory look at houses online based upon your assumption of what you can afford, but need to get a preapproval to get the process moving. Your local bank has rates posted in their lobby, and likely a […]

Are Multifamily Properties Good Investments?

October 10, 2014 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Mortgage Preapproval, Mortgage Tips, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

Clients will often ask me my opinion on thing relating to the mortgage industry and homeownership in general. These questions will, usually, lead to a conversation around the worthiness of property as an investment. And while I am pretty straightforward in my belief that owning properties is seldom a bad thing, there is a small […]

How Long Does it Take to Buy a House?

October 2, 2014 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Mortgage Tips, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

If you are currently renting or looking to relocate, understanding the time it takes from start to finish to buy a new home can be extremely important. You don’t want your lease to come due before you have a house to move into and you don’t want your first day of work in the new […]