michigan real estate: Michigan Realtors: Writing a Great PA; or, Being your LO's Best Friend - 10/28/09 01:47 AM
Occasionally, frustrations build as a file in processing begins to struggle a bit and the question may occur to you, "Why are these things arising now, when they seem like they should have been settled so long ago?" And as a good professional it will probably lead you to the next … (0 comments)
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michigan real estate: First Time Home Buyer: FHA at a glance - 05/19/09 01:01 PM
First Time Home Buyer: FHA at a glance
The following was a general overview of the FHA loan program and a guide to figure out if this is the loan program for you.
Availability: Available in all areas.
Type of Homes they finance: Most property types. Single Family … (0 comments)
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michigan real estate: Michigan Real Estate Purchase: Lending Update - 05/12/09 11:33 AM
So, regardless all of the jibber-jabber out of Washington lending is continuing to tighten. I figured I would write just a general overview of some of the significant changes or non-changes here in my blog in case any of these issues may affect you.
First Time Home Buyers: Most of the … (0 comments)
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michigan real estate: (First Time) Home Buyer’s Frequently Asked Questions - 05/08/09 01:02 PM
I will be adding to this list as I go along, but I wanted to start a nice comprehensive FAQ for homebuyers. I put "first time" in parenthesis because really this can apply to anyone buying a home, but this will apply mainly to the questions I get from first time … (0 comments)
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michigan real estate: Where to go when you can't make your mortgage payment - 05/07/09 02:20 PM
Life happens and along with it comes many challenges that we all face. These normal challenges can sometimes be magnified when you have a mortgage payment bearing down on you each and every month. There is always help available for you, but it is essential to remember a few things when … (0 comments)
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michigan real estate: First Time Home Buyer: How to Demand Transparency from your Loan Officer - 05/07/09 12:18 PM
There are so many ways for a loan officer to fool you and I have heard them all in my time in the business. Now I bring this knowledge to you in how to demand that your loan officer never fools you. I will also cite all of the documents that … (1 comments)
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michigan real estate: Rural Development Funding Still Available - 02/10/09 10:10 AM
Hello all,
I, and pretty much all of our people at Icon have had many Realtors calling us over the past few days concerning the health of Rural Development loans. Apparently, some lenders are having problems dealing with the lapse in funding at the USDA.
Please be Aware that we are running … (0 comments)
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michigan real estate: Michigan First Time Home Buyers: Preparing Your Docume - 12/12/08 12:46 PM
I find that the first hurdle a First Time Buyer faces is getting their paperwork together. I am not sure why, but honestly this simple task dissuades many people when they start to apply. Perhaps following this list and having it ready at the outset will help the process seem smoother.
… (0 comments)
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michigan real estate: Michigan First Time Home Buyer: An Overall Guide - 12/09/08 09:34 AM
For a first time buyer, there is so much to worry about and so many levels of details to address, that I just want to provide a good general guide to how to start the process. You can refer to my other blogs for more detail, but I think this is … (0 comments)
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michigan real estate: Michigan Realtors: Why explore Rural Development loans? - 12/04/08 09:22 AM
You've probably met me face to face and don't even realize it. If not, you've certainly seen my cards pass through your office in the last six years. I'm the guy that was in your office with a smile, a free pen, and a Rural Development (RD) loan flyer. I'm here … (3 comments)
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michigan real estate: Michigan Real Estate Purchase: Choosing a Loan Officer - 12/02/08 11:34 AM
Proceed with Caution: The weirdest part of talking to people about their loan experiences is that people usually are more particular about their Realtor than their Loan Officer. In reality, your Loan Officer is responsible for ten times more than your Realtor, especially in a foreclosure transaction.
They will be digging … (0 comments)
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michigan real estate: Michigan Real Estate Purchase: Escrow Account - 12/01/08 11:33 AM
What is it? An escrow account is basically a mandatory savings account to pay your taxes and insurance from. Every month you will pay your mortgage payment and a portion of that payment will go to the mortgage and a portion will go to the escrow account. When your tax and … (0 comments)
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michigan real estate: Michigan Real Estate Purchase: Pro-Rated Taxes. - 12/01/08 09:33 AM
Pro-Rated Taxes: Oh, the agony! Nothing causes headaches the way pro-rated taxes do. What exactly are they? It's your tax bill...and yes...it is YOUR tax bill. In most places in Michigan you get two bills for Property Taxes. One for winter and one for summer. In the vast majority of places, … (0 comments)
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michigan real estate: Michigan Real Estate Purchase: Don’t Get Taken Advantage Of. - 11/26/08 10:07 AM
It's so odd to me that so many people claim to have been mistreated by their mortgage lender. There is a litany of paperwork we are required to provide to you when you apply. I am sure there were plenty of less than reputable loan officers out there that didn't care … (0 comments)
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michigan real estate: Michigan Real Estate Purchase: First Time Home Buyer Tax Credit - 11/24/08 10:29 AM
There is a whole bunch of confusion concerning this new First Time Home Buyer Tax Credit and I am looking to simplify things for you like I have been trying to do with all of my blogs.
I think that the most important thing to realize here is that it is … (0 comments)
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michigan real estate: Michigan Real Estate Purchase: Assembling Your Purchase Team - 11/20/08 09:29 AM
If you are going to buy a home in Michigan, especially in this foreclosure driven market, nothing is more important than the team of professionals you choose to represent you. Consider these points in your search.
Rome wasn't built in a day. Do you not rush into any situation. Take at … (0 comments)
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michigan real estate: Michigan Real Estate Purchase: Credit, or Reaching for Perfection - 11/20/08 09:17 AM
I know, seems so simple. Pay your bills on time, don't claim bankruptcy, but there is a lot more to it than that. So, what goes into a good credit score?
Good Payment History: Obviously.
Length of Payment History: One of the distinct disadvantages of a younger person.
Balance to Limit … (0 comments)
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michigan real estate: Michigan Foreclosure Purchase: What can the selling banks do or not do? - 11/19/08 12:44 PM
I have close a lot of foreclosure purchases over the last two years and have ran into some very odd demands from the selling banks. I would like to provide you with some of this information now on what these banks can and can not do that might help you in … (0 comments)
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michigan real estate: If you can't seem to sell your home, Icon and Big Sky can help with our new program. - 11/18/08 01:05 PM
Icon Mortgage Lending is teaming up with Big Sky Development to bring a common sense approach to the "trade up" transactions that have become so popular. If you are having trouble selling your current home, we can help. Check out the clip below and call 810-953-4266 for more details.
For more … (0 comments)
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michigan real estate: How Bad Mortgage Loans Affect Individuals - 11/18/08 10:23 AM
ABC 12 News' story about how good people get out of bad mortgages. Our clients were happy to do an interview as we were too. It is important for people to know that there are options for them when things tighten and seem to be unsolvable. The worst thing … (0 comments)
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