RECENT BLOG POSTS
If you make a down payment of less than 20% of the purchase price of the home, mortgage lenders generally require that you take out Private Mortgage Insurance (PMI) that protects the lender incase you default on your mortgage. You may need to pay up to a year's worth of premium for this coverage ...
02/22/2010
If you are looking for a loan and need to understand ARMs then keep reading. Adjustable Rate Mortgages (ARM)'s are loans whose interest rate can vary during the loan's term. These loans usually have a fixed interest rate for an initial period of time and then can adjust based on current market c...
02/12/2010
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What is a HUD home? It is a house that has a HUD-insured mortgage loan on it. When the owner doesn't make the payments, HUD pays the lender what is owed, and then takes ownership of the home. They try selling it quickly, and at market value. Virtually anyone who can pay cash or get a loan is elig...
01/10/2010
Foreclosure Timeline - How Long Does it Take?   The most important issue in the entire foreclosure process is that of how long it will take from the first payment being missed to the eviction of the homeowners. It is also an issue that most foreclosure victims have no idea about, and spend more t...
01/05/2010
Home Insurance - Where to Start? Picking the right insurer for your home can be a daunting task especially if you're a new home buyer with no prior experience. There are so many providers out there with such a vast range of insurance packages, it's difficult to tell which is the right plan just ...
12/28/2009
When will the nation's property values begin to appreciate again?  This is the $64,000 question that real estate professionals, investors, and mortgage professionals would like to know. The truth is nobody can accurately predict the return of the real estate market.  Like everyone else, I can't p...
12/22/2009
First Time Home Buyer Tax Credit extended through April 2010 President Obama signed the popular $8,000 First Time Home Buyer tax credit into law last Friday, November 6. That comes as a sigh of relief for the many first time home buyers who haven't yet found the perfect property or are waiting to...
12/15/2009
Upcoming Local Christmas Events   A Christmas Carol A fast-paced, hilarious treatment of the holiday favorite Sundays, Fridays and Saturdays Opens Friday, December 4 Ends Sunday, December 20  Trinity House Theatre 38840 W. Six Mile Rd. Venue phone: 734-464-6302 Ticket Info: $15, $12 members      ...
12/08/2009
Prepping and staging a house Every seller wants his/her home to sell fast and bring top dollar. Does that sound good to you? Well, it's not luck that makes that happen. It's careful planning and knowing how to professionally spruce up your home that will send home buyers scurrying for their check...
11/24/2009
Those in the market for their first home have good reason to act now, area real estate agents say. That's because the federal home buyer tax credit - which gives first-time home buyers a credit of up to $8,000 - has been extended by legislation signed recently by President Barack Obama. First-tim...
11/18/2009
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