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
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
Rural Development Turn Times
When it comes to getting a mortgage timing is everything. "When are we going to close?" is the question we get asked more often than anything else. The Real Estate Agents, buyers, and sellers all need to know when closing is going to occur. One of the biggest challenges with Rural Development financing is closing... 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
Homepath Financing Elimination
Fannie Mae has announced the discountinuance of special financing options for properties listed for sale at www.homepath.com. More specifically the homepath financing and homepath renovation financing products for both home buyers and investors. In order to take advantage of these programs with the current enhancements there must be a fully executed purchase contract dated on or... Read More
Title Problems With Tax Auction Properties
When it comes to tax foreclosures real estate investor can find some great buys. However often investors go in blind and don't find out about a major pitfall with tax sales until they go to resell the home. In a previous post we did about the tax auction we explain the basic process of how to acquire... Read More
RPOA Annual Conference & Expo
I wanted to share this info with you. If your a Real Estate Agent, Landlord, or even thinking of buying a rental property this would be a great place to go and learn! Realtors buy the way you can pick up some free con ed, in fact anyone who signs up prior to 2/1/2012 will... Read More
Latest Blog Post
HELOC VS. CASH-OUT REFINANCE
HELOC VS. CASH-OUT REFINANCE: HOW TO UNLOCK YOUR KALAMAZOO HOME EQUITY
Do you have substantial equity sitting inside your home in Kalamazoo, Portage, or Texas Township, and want cash to renovate, consolidate debt, or fund a down payment on your next property?
Yesterday, a homeowner visited my office after reviewing their home’s updated market valuation in Portage. Over the past five years, their property gained more than $110,000 in equity. They wanted $45,000 to remodel their kitchen and update their primary bathroom.
Their primary mortgage holds a locked interest rate of 3.25% from a few years back.
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