Blog
May Lunch & Learn/Webinar: Options For Every Home Buyer
Options For Every Home Buyer As a Realtor, have you ever wondered why buyers fit into one program vs another? Every home buyers scenario is different. When first meeting with a buyer we take a deep dive into there personal financial information. The personal financial information is going to determine our limits for the different... Read More
Relocating to Kalamazoo?
Discovering the Charm of Kalamazoo, Michigan: A Guide for Visitors Kalamazoo, Michigan, is a city that is rich in history and culture. Located in the southwestern part of the state, Kalamazoo is home to many interesting attractions and activities that make it a great destination for visitors. Whether you're interested in exploring the outdoors, learning... Read More
Buying A HUD Home That Popped Positive For Lead Based Paint
Buying a HUD Home with Lead-Based Paint with an FHA Loan: What You Need to Know If you're in the market for a home and considering a HUD-owned property, there are a few things you should know before making an offer. One of those things is the possibility of lead-based paint in the home. Lead-based... Read More
April lunch & learn / webinar: Re-Starting or Refreshing Your Client Database
Re-Starting or Refreshing Your Client Database The two most important elements of marketing in real estate are the message and the audience. Your audience often referred to as your sphere of influence or SOI is your biggest opportunity when it comes to growing your business. Most agents create one when they first get into sales, but then... Read More
#1 MSHDA Loan Officer in West Michigan
Jeremy Drobeck with Treadstone Mortgage has recently been recognized by the State of Michigan as the number one MSHDA loan officer in West Michigan. With years of experience and a dedication to helping his clients achieve their dreams of homeownership, Drobeck has earned a reputation as a trusted and reliable mortgage lender. MSHDA, or the... Read More
HUD Reduces FHA Mortgage Insurance Premiums
The Federal Housing Administration (FHA) recently announced a significant reduction in the annual mortgage insurance premium (MIP) for FHA loans. This reduction means that borrowers who obtain an FHA loan will pay lower MIP rates, resulting in lower monthly payments and more affordable homeownership. The FHA has reduced the MIP rate from 85 basis points... Read More
What Is A Bridge Loan?
Buying a new home is an exciting prospect, but it can also be a stressful experience, particularly if you have to sell your current home first. If you are looking to buy a new house but don't want to wait for the sale of your current property, a bridge loan could be the solution you... Read More
March Lunch & Learn / Webinar: Understanding P&L’s
Understanding Profit & Loss Statements for Realtors As a Realtor you are running your own business. You have income coming in and expenses going out. The profit and loss statement is where the rubber meets the road. Are you you making money? Just because you got a check from your broker doesn't mean you made... Read More
February Education Series for Realtors: All Things Interest Rate
Rates: How they work. What affects them. How to sell using rates in today's market. Rates have been a hot topic for the last few years. As they plummeted into the low 3's when COVID hit and then essentially double in 2022 when the country experienced huge inflation numbers. This will not be a boring... Read More
Michigan’s Down Payment Assistance Program: A Great Time to Buy a Home
Purchasing a home is a significant milestone in one's life, but it can also be a daunting task, especially for first-time buyers. Typically, the cost of a down payment is one of the most significant barriers to homeownership. Fortunately, the state of Michigan has a program that can help. The Michigan Down Payment Assistance Program... Read More
Latest Blog Post
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!”
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