The Rademacher Team
810-599-5380
Keller Williams Realty
1005 E Grand River
Brighton, MI 48116

Testomonial fom Victor Bals Manager - Huron Valley Financial. " Nancy Rademacher of Keller William Realty. Lenders top choice of Realtor to work with. Outstanding integrity.
The Real Estate agent I would trust to take care of my own parents. The Rademacher Team makes the transaction proceed very smoothly.

Their attention to detail assures the clients best interest. Nancy does not allow a purchase offer to be submitted to the seller unless the borrower knows exactly how much money will be required at closing, and exactly what the monthly payment will be.

This type of customer care, or concern for the customer sets Nancy apart from all of the agents we have worked with here in Livingston County MI. Her knowledge of FHA, VA, Rural Development, and conventional type mortgage loans, allows her to simply assess the client needs and structure the purchase offer in the clients best interest..

I highly recommend Nancy to anyone looking to buy or sell a home." Victor Bals 734-417-2115

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2-1 Buy down?  Well here's how they work. Let's say you are quoted a 4.5% interest rate on a FHA or Conventionial 30 year fixed rate mortgage loan.  With a 2-1 Buy Down, payments will be calculated at 2.5% the first year, 3.5% the second and move to 4.5% for the remainder of the loan period.This a great program for buyers who anticipate wage increases in the future.

If you have any questions on how these guidlines can help you to obtain financing with as little money out of pocket as possible, please log onto www.hvfloans.com or give me a call 734-417-2115.

Evening and weekednd appointments available

There are very creative ways to finance real estate in Livingston County MI.

When using FHA Financing to obtain financing on a purchase of a new home, FHA will alloww up to 6% of the purchase price to be paid towards a buyer's closing costs and or pre-paid items such as taxes and insurance. 

If you have any questions on how these guidlines can help you to obtain financing with as little money out of pocket as possible, please log onto www.hvfloans.com or give me a call. 

There are very creative ways to finance real estate in Livingston County

Today's real estate market offers one of the most cost effective time in history to buy a new home. With the inventory of foreclosed properties, also known as Bank Repos, or REOS (Real Estate Owned), it becomes an incentive and a golden opportunity for first time home buyers here in Livingston County Michigan. 

With great deals in the Brighton, Howell, Hamburg, Pinckney, and Hartland areas, there are even better deals to be found in the Fowlerville area, with more acreage available if that is your objective in searching for a new or existing home. The current inventory of existing homes for sale here in Livingston County is at a 25 year high.

Financing options are plentiful with the FHA, VA, Conventional and Rural Development 100% financing programs. The FHA 203k program also allow you to borrow the money for financing if any repairs are necessary to bring one of these foreclosed homes to minimum standards to pass inspection for mortgage financing. Please click here to obtain financing information. Mortgage Center.

Currently our business has taken off for the last several months. Where is the market going?  Where is the slow season from the holidays?  Is this foreclosure market an indicator of how of a new wave, and that there is no seasonal influence?  How is your Business doing and what are you doing to be successful?

If any of you are wondering about mortgage interest rates in Brighton Michigan compare to other communities across the country, you would be surprised.  From state to stae theese rates differ by as much as .500%.    I understand that Brighton, Howell, Pinckney, Hartland, Hamburg, Whitmore Lake, and Fowlervile are considered declining markets however, this seems a bit unfair.

We want to be competitive for our clients and to do so we would like your help.  If anyone sees these fluctuations as we do, please let us know.  Our interest rates are posted daily at www.44mortgage.com. As interest rates are moving up and down by the minute, it gets crazy. What is the best way to look out for our clients who wish to buy a home or to refinance.  In the time it takes us to complete a mortgage transaction, usually 21-30 days, the client may have locked in on an interest rate.  Then by the time we close, interest rates may have dropped by as much as .75%.  We are stuck and they are locked.  We cannot give them the lower rate due to we are locked in with a lender.  If we pull that mortgage from the lender we have chosen, and go to another lender to get the better rate, we as a broker stand the chance of loosing our ability to broker to the lender we had originally locked in with, thus potentially hurting future clients with brokering to that lender. Wow!  It gets nuts being a mortgage broker.

We as a mortgage broker, have 117 lenders we have to compare interest rates on a daily basis and see ranges of rates varying of up to .5%.  Boy I hope the Government gets control of this situation and stabilize this market. 

If any of you are wondering about mortgage interest rates in Brighton Michigan compare to other communities across the country, you would be surprised.  From state to stae theese rates differ by as much as .500%.    I understand that Brighton, Howell, Pinckney, Hartland, Hamburg, Whitmore Lake, and Fowlervile are considered declining markets however, this seems a bit unfair.

We want to be competitive for our clients and to do so we would like your help.  If anyone sees these fluctuations as we do, please let us know.  Our interest rates are posted daily at www.44mortgage.com. As interest rates are moving up and down by the minute, it gets crazy. What is the best way to look out for our clients who wish to buy a home or to refinance.  In the time it takes us to complete a mortgage transaction, usually 21-30 days, the client may have locked in on an interest rate.  Then by the time we close, interest rates may have dropped by as much as .75%.  We are stuck and they are locked.  We cannot give them the lower rate due to we are locked in with a lender.  If we pull that mortgage from the lender we have chosen, and go to another lender to get the better rate, we as a broker stand the chance of loosing our ability to broker to the lender we had originally locked in with, thus potentially hurting future clients with brokering to that lender. Wow!  It gets nuts being a mortgage broker.

We as a mortgage broker, have 117 lenders we have to compare interest rates on a daily basis and see ranges of rates varying of up to .5%.  Boy I hope the Government gets control of this situation and stabilize this market. 

Well, with the Mortgage Rates in Brighton, Michigan hitting all time lows, people are wondering if they should refinance.  The question is, can they refinance with the current decling values in the area.  I would sugget that you give us a call to first understand what your home may be worth in this market.  Once we establish a market range, then the refinance options will become more clear.  Home values are the driving force now in being able to structure for a refinance, regardlesss of where the interest rates are headed.

Victor Bals

Attention Realtor - Increase Your Sales - Show Fewer Homes -Sell More Homes & Become the Expert!

We at American Mortgage Centers  and 44Mortgage.com are pleased to roll out HUD's new "Streamline K" Limited Repair Program. This program is an enhancement of the current 203K program and designed for borrowers who wish to purchase a home that needs minor rehabilitation work. Highlights of this program include:

Available on purchases all throughout the State of Michigan

Approved for FHA financing? That equals Approved for the Streamline K

Maximum $35,000 in repairs/rehab - no minimum 

Borrowers choose their own contractor

American Mortgage Centers approves the proposed work plan, contractor and cost estimates and works directly with borrower and contractor throughout the draw process.

Maximum 2 draws per contractor - maximum 3 contractors

Use this program for the following but not limited to: (Full List upon Request) 

Repair/Replacement roofs, gutters and downspouts 

Repair/Replacement/upgrade of existing HVAC systems

Repair/Replacement/upgrade of plumbing and electrical systems

Repair/Replacement of existing flooring

Minor remodeling, such as kitchens, which does not involve structural repairs

Exterior and interior painting

Weatherization: including storm windows, doors, insulation, weather stripping, etc.

Appliances including free-standing ranges, refrigerators, washers/dryers, dishwashers and microwave ovens.

Improvement for accessibility for persons with disabilities.

Lead based paint stabilization or abatement (HUD REOs)

Repair/replace/add exterior decks, patios, porches

Basement finishing and remodeling, which does not involve structural repairs

Basement waterproofing     

Window and door replacements and exterior wall residing
 
Septic systems and/or well repair or replacement

Call Victor Bals and Jim Lasota TODAY at 517-586-4030 to better understand how sell this program to your buyers

 
Don't have other Lenders Practice on Your Buyers. 

  Work with Government Lending Experts
www.44mortgage.com

When Refinancing an FHA Mortgage, as long as you do not borrow over the original loan amount, it is not neccessary to have a new appraisal.  This is a great program for people living here in Livingston County Michigan. 

This helps a great deal in Brighton, Howell, Pinckney, Hartland, and Fowlerville which have been hit hard by the declining home values. 

So you are looking for a great 100% mortgage????  www.44mortgage.com will help.  Check this out!  All of Livingston County  Michigan qualifies.  Brighton, Howell, Pinckney, Hartland, Fowlerville. Even Downtown Howell and Downtown Brighton. Buying an new Home, Bank Owned, Forclosed, or a home about to go into forclosure is really becoming simple for the consumer.  Rural Development  offers an excellent option to consider for financing these properties. 

 Sometimes good credit and a steady income are not enough to qualify for a home loan at a commercial lending institution, such as a bank, or savings and loan company. More rural families and individuals may be eligible to become homeowners with the help of a USDA guaranteed home loan.  When the federal government agrees to guarantee a loan, lending institutions can help buyers while incurring less risk.  Through USDA's Guaranteed Rural Housing Loan Program, people can qualify for mortgages, even without a down payment.

Credit History Criteria                                                                                                          

• No Minimum credit scores - limited credit usage is not consider as negative 
• Cannot be delinquent on a federal government debt 
• Applicants's with a 620 middle credit score or higher have many advantages. Applicants with less than a 620 middle credit score will have the following items considered for loan approval.  More than 1 30 day late in the past 12 months.  Debt written off in the past 36 months.  Collections opened in the past 12 months or older ones that are still open Acceptable mitigating circumstances may offset certain adverse credit issues.  

Quick Facts

• Provide modest housing for moderate income families in non urban areas
• Low one time Guarantee Fee of 2% for purchases and .5% for refinances
• Up to 102% (with Guarantee Fee) financing based on appraised value versus purchase price
• Seller contributions and third party gifts allowable
• No statutory maximum lending limits
• No Monthly Mortgage Insurance  (PMI)
• Not restricted to first time home owners
• Loan funds on a purchase can be used for repairs, the Guarantee fee, and most lender fees

 Property Requirements

• You can input a property address to check Property Eligibility
• Primary residence only, no rentals or income producing properties
• New or existing stick built, modulars, and condos / PUD
• Manufactured units must be new with the dealer approved by RD
• Well and septic inspection for private systems
• Conventional type appraisal
• Properties with in-ground swimming pools are not acceptable
• No set lot size limit
• The site value should not exceed 30% of the total appraised value (exceptions possible)

Income and Ratios

• Income is projected forward including projected pay raises                                                          
• Verification of Employment and current paystub or acceptable alternitive documentation
• Self employed, two years tax returns and current P&L statement
• Non taxable income such as child support or social security can be grossed up by 125%