Ann Arbor Real Estate Talk » Loans

Why Buyers Should Use Local Ann Arbor Area Lenders

Missy Caulk — Wed, 08 Feb 2012 19:08:27 +0000

Why buyers should use local Ann Arbor lenders when purchasing a home for sale in Ann Arbor and the surrounding area’s. When you are buying a home, it is one of the biggest purchases of your life. Many buyers spend a lot of time picking out the perfect home, some “shop for rates”, some just [...]

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Why Buyers Should Use Local Ann Arbor Area Lenders

What If Your Ann Arbor Home Does Not Appraise?

Missy Caulk — Fri, 03 Feb 2012 18:07:13 +0000

What if Your Ann Arbor Home Does Not Appraise? The first thing to do if you Ann Arbor home doesn’t appraise is not to panic. When we are representing buyers on a the purchase of the home in Ann Arbor, we write into the contract, “the purchase price must meet the appraised value of the [...]

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What If Your Ann Arbor Home Does Not Appraise?

FHA Loan Limits to Change in Washtenaw County on October 1st

Missy Caulk — Sun, 25 Sep 2011 21:15:16 +0000

FHA loan limits are changing in Washtenaw County beginning October 1st. The Federal Housing Association sets the FHA loan limits throughout the nation and they can vary depending on socio-economic status of each county. The FHA loan limits have been $345,000.00 in Washtenaw County. On October 1st, FHA is lowering the FHA loan limit in [...]

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FHA Loan Limits to Change in Washtenaw County on October 1st

Is Fannie Mae and Freddie Mac Really Helping Homeowners Stay in Their Homes?

Missy Caulk — Mon, 15 Aug 2011 13:14:44 +0000

Is Fannie Mae and Freddie Mac really helping homeowners stay in their homes? Well not according to the investigative reporting at the Detroit Free Press. They recently did a study and obtained documents via Freedom of Information requests and the results are disturbing for Ann Arbor Area home owners. In December Fannie Mae announced via [...]

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Is Fannie Mae and Freddie Mac Really Helping Homeowners Stay in Their Homes?

Ann Arbor Buyers Beware of New Mortgage Scam

Missy Caulk — Tue, 21 Jun 2011 15:39:09 +0000

Today we received a notice from the Ann Arbor Area Board of Realtors alerting us to a new mortgage scam floating around the country. How it works This scam involves sending letters to borrowers to inform them that a new company has assumed the management of their loans and to start making mortgage payments to [...]

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Ann Arbor Buyers Beware of New Mortgage Scam

U of M Medical Residents Receive “Match Letters”

Missy Caulk — Thu, 24 Mar 2011 13:30:24 +0000

The Medical Residents “match” letters went out of Thursday, across the United States. Congratulations if you are moving to Ann Arbor. We are DRS Certified, and each year help many U of M Residents relocate to Ann Arbor for the duration of your residency. I am sure there is a number of you moving to [...]

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U of M Medical Residents Receive “Match Letters”

Time to Get Pre-Approved Again? (Buying a Home In Ann Arbor)

Missy Caulk — Mon, 27 Dec 2010 13:39:13 +0000

If you are a buying a home in Ann Arbor, give your lender a quick call to verify your Pre-Approval. Why Should I Get Pre-Approved Again? When a lender qualifies you for a home purchase, they look at your debts, income, credit scores and the interest rates to give you an amount of a new [...]

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Time to Get Pre-Approved Again? (Buying a Home In Ann Arbor)

Energy Efficient Mortgages In Ann Arbor?

Missy Caulk — Fri, 19 Nov 2010 14:10:39 +0000

Ann Arbor Area Buyers, have you heard of the Energy Efficient Mortgages? Energy Efficient Mortgages lack of popularity is not because it’s a bad type of loan, but because many loan officers and or lenders don’t know much about them. One could easily associate this type of mortgage with a FHA 203-k loan. But that [...]

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Energy Efficient Mortgages In Ann Arbor?

Discrimination Alive and Well for Pregnant Woman

Missy Caulk — Sat, 14 Aug 2010 14:29:38 +0000

This came to my attention when Realtor Magazine posted this article on Pregnant woman being denied loans. Then my friend Erica Ramus posted about it on Active Rain, but not at the mortgage application but near the end of the loan approval process. Thankfully HUD announced they were going after the banks that were doing [...]

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Discrimination Alive and Well for Pregnant Woman

MIchigan One of 5 States to Be Given Homeowner Assistance in New Government Program

Missy Caulk — Sun, 18 Jul 2010 12:49:54 +0000

A new program released by the Obama Administration is targeted toward the 5 hardest hit states for home loan assistance. The Homeowner Assistance Program is geared toward unemployed people, those with high medical bills, or significant reduction in income. The first of these home loan rescue programs to be implemented is in Michigan, by the [...]

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MIchigan One of 5 States to Be Given Homeowner Assistance in New Government Program