Buying a new home – what not to do
Buying a new home and getting a mortgage When getting a mortgage on a new home purchase in the Metro Detroit real estate here are some things to not to do. Don’t quit your job Don’t take out any new loans. …
Category: Buyer Tips
Closing costs – title closing costs – recording fees
When buying Metro Detroit Real estate you will encounter many different fees on the HUD settlement. Mortgage closing costs can be very confusing. Under the title company fees you will see a category called recording fees. When you have a …
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Investment properties & cash flow
Metro Detroit investment properties When buying a Metro Detroit Investment property you have to do your home work. You want to cash flow if you are buying the investment property to rent out. How much will you rent it for? Look …
Buying Metro Detroit foreclosed properties
When buying Metro Detroit foreclosures you have to read the bank addendums carefully. I give you my most recent case. I have taken over a purchase agreement to the seller’s agent. We had gone back and forth verbally to reach an …
Metro Detroit mortgage closing costs
When buying Metro Detroit real estate there will be closing costs. What do you mean? How much are these Metro Detroit closing costs? Well closing costs vary from lender to lender. There can be a huge variance in closing costs. …