RPOA Annual Conference & Expo
I wanted to share this info with you. If your a Real Estate Agent, Landlord, or even thinking of buying a rental property this would be a great place to go and learn! Realtors buy the way you can pick up some free con ed, in fact anyone who signs up prior to 2/1/2012 will get in FREE!!! The 2012 RPOA Annual Conference and expo is going to be the biggest event of the year for Michigan real estate investors. Two full days of action. They say there will be over 200 landlords and investors at the expo. There are three National speakers: Vena Jones-Cox, Nick Sidoti, & Dyches Boddiford. Plus multiple breakout sessions. I know I will be there hope to see you there too! For more information and to registar check out the Kalamazoo Area Rental Housing Association Website.
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HOW TO PROTECT YOUR MORTGAGE RATE WHEN CLOSING GETS DELAYED
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Are you under contract on a home with an expiring rate lock? Need a rate lock extension?
Yesterday, a buyer called me in a total panic. They locked in their mortgage interest rate 30 days ago while shopping for a home near the Westwood neighborhood. Everything moved along fine until the seller asked to push closing back by ten days to finish clearing out their garage.
The buyer asked me, “Jeremy, if our rate lock expires before we close, will our interest rate jump up? Will our monthly payment go through the roof?”
I told them straight up: “Take a deep breath! An expiring rate lock will not ruin your deal, and you will not lose your low rate!”