Ready For A Mortgage? You Have Plenty Of Choices

moneyThis is a great time to apply for a mortgage loan. Interest rates are still low. Many borrowers are able to qualify for rates under 4%. And even better? Mortgage lenders today offer a wide variety of loan types. Borrowers with solid credit scores should have little trouble finding a home loan that works for their varied financial situations.
Here’s a look at some of the choices on the most popular mortgage smorgasbord available today. If you need help choosing, give us a call. We’d be happy to discuss your options.

30-Year Fixed-Rate: The 30-year fixed-rate mortgage (FRM) loan remains a favorite among borrowers. And why not? This mortgage comes with lower monthly payments because of its long life. Plus, the interest rate is fixed, so borrowers always know how much they’ll pay in principal and interest each month. (Your payments can still change, though, if taxes or insurance bills increase or decrease.) The downside? Because repayment is spread out over three decades, borrowers who pay off a 30-year loan in full will pay a lot more interest than those with different loan types.

15-Year Fixed-Rate: The 15-year fixed-rate loan comes with all the benefits of the 30-year version. But borrowers will pay far less interest each month because the repayment period is cut in half. The interest rates attached to 15-year mortgages are also lower than those that come with 30-year loans. However, because of the shorter term, a 15-year mortgage does come with higher monthly payments.

Hybrid ARMs: An adjustable-rate mortgage (ARM) features interest rates that are fixed for a certain number of years, often five, seven or 10. After that fixed period ends, though, the interest rate adjusts on a pre-set schedule according to the performance of whatever financial index the loan is tied to. Hybrid ARMs come in several varieties, but they all operate similarly: The 5/1 ARM, for instance, features a fixed-rate period of five years, while a 7/1 hybrid has a seven-year fixed period before the interest rate begins adjusting each year. The main benefit of these loans is the low initial interest rates that come with them. ARMs usually start with interest rates that are lower than those attached to fixed-rate loans. It’s important, though, for consumers to understand just how high their rate can jump each year once their loans enter the adjustable period and how that affects their payment—and ability to pay.

5/5 ARM: The 5/5 ARM is a relative newcomer. In this type of ARM, the interest rate is fixed for five years, then can adjust once every five years until the loan is paid off, the owner refinances it or the owner sells their home. This loan combines the low interest rate of an ARM with a bit of the stability that comes with a fixed-rate loan. Another variation is a 15/15 ARM.

Myth or Fact: St. Joseph Patron Saint of The Home

saintjoseph It is called the “St. Joseph Home Sale Practice”: For untold thousands, this has been a very effective practice for many, many years. As with any word-of-mouth customs, the central theme can get very clouded, from gradually becoming so surrounded by numerous how, when and where details that, even well-meaning people begin to erroneously render the practice as nothing but superstition, hocus-pocus, magic, etc. There have been many different spcifications as to how to bury the statue etc. Really the specifications mean little if anything. What does mean something is that the seller… asks St. Joseph for his help…believe that he will intercede…and trusts him…all as very simply set forth the “The Way of St. Jodeph”.

St. Joseph has been very good to me in real estate and other petitions.

Fot the practice of St. Joseph to be fully effective, however, sellers must, of course, first do such practical, yewt all important chores, as completeing all necessary fix-up, proper staging, and price adjustments to reflect true market value…then…Just watch St. Joseph mke it happen…

One Last Word, for greater intensity of our love and own good, and that of all Christians, we seek from St. Joseph and from all those saints whom we impplore:
Example in their way of life…
Fellowship in their communion…
aid by their intercession…

Together We Can Sell Your Home

Just Sold - 220,000.

Just Sold - 220,000.

just SOLD 1913 and 1945 South Parker, Marine City
just SOLD 1913 and 1945 South Parker, Marine City

These days, tax credits and high housing inventory make it a buyers’ market. If you’re a seller, don’t despair. There are a variety of renovations that can help make your home stand out. Many buyers look at numerous homes when shopping for a house; so enhancing your home to make it more memorable is vital and increases the chances of a successful sale. Call 810-765.8167 today and let’s get that house SOLD!!!

South East Michigan Real Estate is Moving

Wynne at Work

Wynne at Work

Algonac Homes For sale – Marine City Homes for Sale St. Clair Homes for sale. Yes, that is right. Properties are selling. Our office negotaited an offer today on 1 vacant parcel in China Township and a residence in Marine City. We scheduled 4 showings for properties that are listed in East China, Marine City and Algonac and expect 2 more offers by week’s end. I am in the process of lisitng a home in Marine City on the St. Clair River, a Condo in Marine City, and a home in Clay Township  MI. It takes a little more work today and a lot more hours for a real estate agent to get that listing sold. Gone are the days of putting the listing into the MLS with a picture or 2. Today’s real estate market is saturated with homes for sale. There needs to be nine – twelve or more photos in MLS. These listings now go right into Google Real Estate. 

 Then listing should also be in the RealComp MLS, too. From there it will penetrate “MoveInMichigan.com.

It is very important to have a visual tour  of your home linked to the listing data sheet. These are just some of the Extra Steps an aggressive Real Estate Consultant will take to market your property to the buyer’s market that is searching the web daily for the best prices home.

For more information  or to list your home call my direct line today 810-765-8167.

Back From Phoenix Summit

Always trying to stay one step ahead of the market, off to Phoenix to a CyberStar Summit. There were 0ver 100 Top agents from around the country at this by invitation only event. Lots of great ideas, new and quick technology tips to help me help buyers and sellers in Macomb, Oakland, Sanilac and St. Clair Counties, across the nation or even the world for that matter. New ideas to compete in this “changing market” had us all working hard. These 100 plus of the most aggressive, progressive, forward thinking professionals in real estate today together made magic. We are sharing our methods of success. The faculty consisted of the continent’s top producing real estate professionals, all ranking in the top 1% of REALTORS® in North America. An Associate from New Jersey,CYberStar from New Jersey Barbara Wiessman,

  My Goal, to achieve increased sales for our Algonac, Marine City and St. Clair sellers, and to keep transactions together for our buyers through more creative steps in negotiations and increased use of technology. Barb’s of course was to do the same for Bergan County sales.
I have been involved with the CyberStars since Feb 1996. This Conference and the systems learned from the “ENERGY WITHIN” our group have armed me with the best tools available to provide the highest quality of service to my clients. In addition, I continue to build a tremendous network for referring my clients to the best agents all over the country when they’re considering a move or looking to buy a second home out of the area. I also received invaluable insight on the benefits of operating from a business philosophy and incorporating the latest technology to keep me on the cutting edge. As a part of the Conference, I received information for consumers about the top six mistakes that sellers can make when selling a home, as well as criteria for evualating and hiring a real estate professional on my TEAM. As a public service, I have decided to make the reports available to Algonac, Marine City, St. Clair infact all area residents at no charge. Anyone wanting more information can email me or call me 810-765-8167.

Euchre Night EVERY Wed and Friday

Come in and join the fun and relaxation on Wednesday and Friday nights. Wednesday is Euchre and dice @ Lithhouse Books n’Brew South Water St.  and Friday it’s at Memory Lane Cafe’ on Broadway.

Drop in and have coffee and desert if you like or just come in and join in the fun! All levels of skill are welcome, no skill needed we can teach you.

For more info stop in at either store or call Memory Lane Cafe’ 810-765-4605. 

Texas Hold  ’em Sponsored by Marine City Rotary Jan. 27th 2007

Where ; Palms Road near M-29 in Fair Haven @ Fraternal Order of Eagles

Time: 6PM – 12 Midnight Join in and have some fun. Cash Bar PUBLIC WELCOME!