Ar_home_b_search
 



macomb county mi first time home buyers: Don't spend your income tax refund - you're going to need every penny of it to purchase a home with the new FHA guidelines in force. - 01/24/10 07:14 AM
Just as we suspected would happen, FHA has now had some major changes and it is now going to cost you more out-of-pocket money to purchase a home.             New - Sellers concessions are limited to 3% of the purchase price.             New - Upfront mortgage insurance premium is increased to 2.25%. Here is an example of what the lower sellers concessions to the buyers will look like for you: If you are purchasing a $50,000 home the seller will only be able to  contribute $1500 to help you with closing costs, pre-paid items and/or tax prorations.   (This same purchase before … (8 comments)

macomb county mi first time home buyers: Credit scores - FICO scores for mortgages - I need a 700 credit score? - 09/15/09 03:08 PM
 
Jeff Belonger was kind enough to allow this wonderful article to be re-blogged (re-published) and since it is such a terrific article about FHA and credit scores I knew it would help many of you who have the same questions.
Thank you Jeff.  Once again, you have come to the forefront with a wealth of knowledge about FHA mortgage products.
 
Via Jeff Belonger -- The FHA Expert.com -- FHA Loans -- FHA mortgages - USDA loans (Infinity Home Mortgage Company, Inc):

Yes, credit guidelines have gotten tougher, but NO, you don’t need a 700 credit score.
 
 
… (4 comments)

macomb county mi first time home buyers: Trying on the new budget for size before purchasing your first home - Give it a whirl! * Information for Macomb County MI first time home buyers * - 08/14/09 04:50 PM
Most first time home buyers know that the process to purchasing their first homes start with talking to a mortgage lender, and then choosing a buyers agent.  However, I feel that the most important part of the process isn't often talked about:   Creating a budget that is comfortable. One of the things that I suggest to my local Macomb County MI 1st time home buyers is to sit down with a notebook and write down the expenses that they feel they will have in a new home that they don't have now:
Higher utility bills. (If you are in an apartment … (4 comments)

macomb county mi first time home buyers: More questions about the $8000 first time home buyer tax credit for Macomb County MI home buyers answered - 03/17/09 09:45 AM
In speaking with a lady who called earlier last week regarding the $8000 first time home buyers credit from the Federal Government I realized that once again there are so many misconceptions out there for consumers. It is most certainly not the consumers fault that they are confused.   First, they are told that it is only for first time home buyers, yet the government fails to promote just as heavily that the definition of first time home buyer is one that hasn’t owned a home in the 3 years previous to a new purchase. The caller also asked if the $8000 … (8 comments)

 
Kris

Kris Wales - Macomb County MI real estate blog & homes for sale search site

Macomb, MI

More about me…

Keller Williams Realty - Lakeside Market Center

Address: 45609 Village Blvd., Shelby Township, MI, 48315

Office Phone: (586) 536-5453

Email Me

A partner for your real estate
needs in Macomb County.

Looking for a full time real
estate professional with over
a decade of experience in
Macomb County MI and it's
surrounding areas?  

Feel free to get to know me and
how I conduct my business by
reading here and visiting
 Chataboutmacomb.com and
Macombhomes.com

I'm a firm believer that the best
real estate relationship is a
partnership. We work together
to achieve your goals - whether
it be in purchasing your first
home or selling your present
home to purchase another or
to relocate.

Please feel free to email me at
any time. I would enjoy chatting
with you and getting to know you.


Links

Archives

RSS 2.0 Feed for this blog

Find MI real estate agents and Macomb real estate on ActiveRain.