$100 Down FHA Financing!
Great News! Effective Oct. 1, 2016 HUD homes financed with FHA-insured financing are eligible to be purchased with only $100 down. This sales incentive is for properties in Michigan and Ohio. You can get a list of HUD homes for sale in your area at HudHomeStore.com or give me a jingle and I will hook... Read More
Allegan County News Interview
I was recently interviewed by the Allegan County News for an article entitled "FEMA Flood Map Work Might Hit Your Wallet" the article was spot on and went into some great points about home potential changes could affect home owners if there properties were moved into the "Flood Plain". If you a curious how close your property... Read More
WKZO Interview
I recently did a short interview on a local Kalamazoo Radio Station. The interview was with host and long time real estate agent David Howard from Century 21 C. Howard. Some of the questions answered were about low down payment loan program options.... Read More
203k Renovation Mortgage
The FHA 203k home improvement loan is one option for today's home buyer. It allows all sorts or repairs and upgrades to be financed into the mortgage. Best of all it keeps the down payment low. Many Kalamazoo area home buyers have taken advantage of this program and used it to fix up outdated properties. We also... Read More
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
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
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
Mortgage Insurance Comparison
I was going over loan options with a home buyer the other day and realized that we spend a lot of time talking about mortgage insurance and when comparing loan programs for people the cost of the PMI really comes into play. When I sat down to make this video I was simply going to... Read More
City of Kalamazoo Housing Code Changes
To All The Landlords & Want to be Landlords Out There! Owning rental property in the City of Kalamazoo can be tough. Trust me I know first hand everything you have to go thru. Not only do you have all the rigors of being a landlord like tenant screening, repairs, & yes the occasional eviction. ... Read More
Completed Repairs
2014 Dollar Amount Of Repairs Completed: $179,425.10 It seems that now days appraiser required repairs are almost the norm. Looking back at the loans my team closed in 2014 over 33% had one repair or another required by the appraiser that couldn't be completed prior to closing. There is a misnomer out there that conventional... 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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