Blog
USDA Rural Development – Zero Down!
With the USDA Rural Development option, you can borrow 100% of the appraised value. This means you don't need to come up with the down payment. In fact, you can actually borrow 2% more than the appraised value, and use the extra to make some light repairs or home improvements. The main requirement for a... Read More
Lender Panel Discussion – Follow Up
This event was held at The Greater Kalamazoo Association of Realtors on May 21st, 2015 Moderator: Jeremy Drobeck, Amerifirst Home Mortgage Panelists: John Denny, Northpointe Bank Scott Cowherd, Kalamazoo Mortgage Steven Woloszyk, PrimeLending, A PlainsCapital Company Attendees learned about underwriting concerns, tools & tips for credit integrated disclosures coming Aug. 1st, red flag items, and... Read More
August Changes – TRID
Big scary changes coming in August 2015 to the real estate industry - NOT! - What is TRID? Did you hear? TILA RESPA Integrated Disclosure Rule or TRID will be here August 2015. There are some different in's and outs to the rule but the jist of it is that disclosure of figures has to... Read More
Lender Panel Discussion
This event is going to be a ton of fun and great opportunity for real estate agents to bombard lenders with questions. Location Greater Kalamazoo Association of Realtors When: May 21st, 2015 Time: 8:30 - 10:00 Catered made to order omelets @ 8:30 - - Presentation @ 9:00 am Moderator: Jeremy Drobeck, Amerifirst Home Mortgage... Read More
Agent Admin Fees – Rural Development
Update!!!!! If you have seen some of the other information I put out on this in recent month then you know that RD no longer allows Real Estate Agent Admin fees (just like the VA). In the guidelines that had been published RD simply said it’s not an allowable fee. Good news for agents we... Read More
FHA vs 3% down Conventional
Great News! I love saying that because it seems over the last five or six years everything's been, heads up this bad thing is happening. Not this time, there are two changes that are great news for the housing market. Conventional 3% down is back & FHA has reduced there monthly mortgage insurance! Let me... Read More
Rural Development Guideline Changes
So maybe you heard rumblings of something happening at RD. Well there certainly are changes being made. Some positive some not so great. First off lets talk about timing. RD is not out of money, for the last week of November they are not accepting application, but that's not so bad, they anticipate being caught... Read More
GKAR Tax Appeal Meeting
On January 22nd at the Greater Kalamazoo Association of REALTORS® will be hosting a presentation by Alan C. Jeffries from Advanced Property Tax Services. Mr. Jeffries will talk about why you would and/or should appeal your property tax, how to appeal and the process involved. This is sure to be a great event. I've personally used... Read More
Need Your Help Building “The Bar”!
YTD Dollar Amount Of Repairs Completed: $167,481.10 It seems that now days appraiser required repairs are almost the norm. Looking back at the loans my team closed so far in 2014 over 40% had one repair or another required by the appraiser. There is a misnomer out that that conventional financing is some how shielded... Read More
The Lori Moore Show Interview with Mark Jones
Mark Jones President and CoFounder of Amerifirst Home Mortgage does and interview for the Lori Moore Show. Mark talk about the housing market in 2014 and what it will take to see an uptake of first time buyers in there 20's.... Read More
Latest Blog Post
SELLER CONCESSIONS VS. PRICE REDUCTION
SELLER CONCESSIONS VS. PRICE REDUCTION: WHICH SAVES YOU MORE CASH IN KALAMAZOO?
Are you preparing an offer on a home in Kalamazoo, Portage, or Texas Township and trying to get the best financial deal from the seller?
Yesterday, a move-up buyer walked into my office after touring a spotless four-bedroom colonial near Westnedge Hill. The home listed at $310,000. They wanted to negotiate $10,000 off the deal to make their overall purchase more affordable.
Their immediate thought was to offer $300,000.
Visit Jeremy's Blog