Marc Edelstein

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, […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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. […]

Happy New Year! I hope this year brings all of you happiness and health in all that you do. I will be here all year to help you with any mortgage related needs you may have. If you have any questions about buying a house, please contact me. Otherwise, please leave me a comment with […]

Another year has almost come and gone, and as you are out there celebrating with friends and family, think about the goals you set at the beginning of the year and the goals you plan to set to start 2015. I know for me, they usually build on each other, it is how I continue […]