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HUD Homes Lunch n’ Learn

We will be putting on a lunch n’ learn event at the Greater Kalamazoo Association of Realtors!

If you are interested in learning more about HUD Homes and all the unique things that come with them this is a must attend event.  Some of the items covered will be:

  • Loan program options
  • Special $100 down FHA financing
  • FHA 203b with a repair escrow
  • FHA 203k Renovation loans
  • The HUD lead based paint process
  • How to submit an offer on a HUD property

When: Tuesday, March 28th, 2017

12:30 – 2 pm  @ GKAR Classroom 5830 Venture Park Drive, Kalamazoo, MI 49009

Lunch will be provided

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HOW TO PROTECT YOUR MORTGAGE RATE WHEN CLOSING GETS DELAYED

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!”

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