Livingston County Real Estate Report Card See the latest Real Estate Report Card for Livingston County. Share the information and spread the word that it’s still a great time to buy! Information based on Livingston County, MI with a median sales price of $287,500 Download your Real Estate Report Card Information provided by MBS Highway…
MBS Weekly Newsletter 11.4.19
Weekly Review The major stock market indexes ended higher, setting new all-time highs. Mortgage Bonds were also higher for the week, surviving an action packed news week and stronger than anticipated Jobs Report. The Bureau of Labor Statistics (BLS) reported that there were 128,000 jobs created in the month of October, which higher than the…
Seller Concessions
Looking for another strategy to get your buyers the house they want? Take a look at what Seller Concessions are available to negotiated in the offer. When a home seller pays closing costs on the home buyer’s behalf. i.e. Title insurance, processing fees, origination fees, inspection fees, transfer taxes. These can differ with each financing…
Home Loan Process Start – Finish
Taking it one step at a time works best in any home loan! Take a look at the home loan process before you start and ease that stress of the unknown! HOME LOAN PROCESS PRE-APPROVAL Some basic questions, taking a home loan application, and pulling credit is the first step to your pre-approval. Based on…
Real Estate Branding Start Up Run Down
Looking for elective hours of con-ed? Check out the newest addition to our Realtor Con-ed list ‘ Real Estate Branding Start-Up Run Down!’ Check out the timeline! Timeline 50 minutes – 1-hour elective 1-5 minutes: Course/instructor Introduction 4-16 minutes: Realtors® Value and bran benefits 17-23 minutes: Mission/Vision/Value statement for individual Realtor® brand 24-34 minutes:…
Mortgage Payment ins and outs
Understanding what consists of a Mortgage Payment will help clients to set their budget. P – I – T – I P: Principal – The loan amount borrowed and spread over the life of the loan. I: Interest – Amount charged to finance a home. Interest rates vary upon market conditions. T: Taxes – Property…
Seller Concessions
Seller concessions refer to an agreement in which the seller pays certain financing costs for the buyer of the home. i.e. Title insurance, Processing fees, Origination fees, Inspection fees, Transfer taxes The purchaser may request seller concessions during contract negotiations, or the seller may offer a concession during the listing process. Negotiations for seller concessions…
Loan Limits Increase for 2019
HUD has increased the maximum loan limits for FHA with case assignments on or after January 1, 2019. FHA loans have been helping people become homeowners since 1934. How do we do it? The Federal Housing Administration (FHA) – which is part of HUD – insures the loan, so your lender can offer you a…
Benefits of Year end Real Estate
Year End Real Estate Summer and spring are the two busiest and competitive seasons for purchasing real estate; but, what happens in the winter months? Benefits of Purchasing Real Estate Year End TAX SAVINGS If you purchase a house at the end of the year and close on or before December 31st, you’re…