Interview with MichiganHomes.com – Mortgage Options
Jeremy recently did a short interview with MichiganHomes.com who was looking for some expert advice on borrowers mortgage options.
Read the full interview here
Some of the questions he answered were:
- What would you recommend as the first steps that someone who wants to buy a house should take to secure a mortgage?
- What is one of the biggest regrets you’ve seen people have when it comes to their mortgages?
- Are there any things that prospective homeowners should not do when they’re applying for a home loan?
- Can you briefly explain the main types of loans and who they are typically best suited for?
Check out my interview, Expert Advice on Your Mortgage Options on Michigan Homes, one of the top sites for Michigan homes for sale, including Detroit, MI homes for sale. Michigan Homes also services Wisconsin real estate and Illinois real estate.
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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!”