Marc Edelstein

That Mortgage Banker Blog

Important Mortgage Documents From Closing

February 3, 2015 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

As I said last week, I will be dedicating this month to tax season on my blog. I am doing this in an effort to help my clients and readers prepare themselves for their current tax filings, as I know this is top of mind for most people at this time of year. Today, I […]

Welcome to Tax Season

January 29, 2015 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

As January comes to a close, we are once again welcomed into tax season. For some, this is a happy time of year where a big refund check will soon be on its way. For others, it’s a time of annoyance as a big check needs to be written to the IRS. But either way, […]

MSHDA

January 27, 2015 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Mortgage News, Mortgage Tips, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

Last week, I talked about down payments and options for down payment assistance. I discussed what the “right” down payment is and ways to get help in putting that money down. Today, I’d like to talk about one of the best options available to Michigan residents for down payment assistance: the Michigan State Housing Development […]

Down Payment Assistance Options

January 22, 2015 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

Coming up with a down payment can be a daunting task. Assuming a standard down payment of 20% on a $300,000 home, for instance, would be $60,000. And if that number feels outside of anything you could ever dream of saving, don’t worry, you’re not alone. Affording a down payment is one of the largest […]

What is the Right Down Payment?

January 21, 2015 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

This has probably been the most consistently common question I have received from new and prospective clients over the last nearly 15 years that I have been in this industry. There have always been differing opinions about how much to put down on a new home purchase, some arguing for larger down payments, others arguing […]

What to Consider When Buying in the Winter

January 16, 2015 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

On Tuesday, I wrote about selling a house in the winter, some of the potential difficulties of selling this time of year, and some of the tips I’ve learned over the years to help any winter-time seller. Today, I would like to talk about the other side of that transaction; the winter-time buyer. I find […]

What to Consider When Selling in the Winter

January 14, 2015 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

Popular wisdom would tell you to never sell a house in the winter months. Your house will not show as well (especially here in Michigan), there are fewer buyers looking for houses, and you will take a big hit to the value of the house as a result. And while there is some merit to […]

Home Buying Tips for 2015

January 8, 2015 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Michigan Real Estate Tips, Mortgage News, Mortgage Refinancing, Mortgage Tips, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

In 2014, the big stories were the impact of the new Dodd-Frank regulations, the new Fannie Mae and Freddie Mac programs, and the questions surrounding interest rates. The Dodd-Frank regulations were accounted for, changes were made, and the industry moved on. Interest rate hikes were a concern all year, and most analysts were just waiting […]

2015 Regulatory Changes

January 7, 2015 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Mortgage Real Estate Market Review, Mortgage Tips, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

2014 was a big year from a regulatory stand point. We saw some big changes hit from Dodd-Frank, which put the industry on its head for a few months in the beginning of the year and had the markets unsure of how to react. The changes last year focused on the borrower’s ability to repay. […]