Charlotte EBA has "Home Buyer Alert" blog

One of our Exclusive Buyer Agent friends who is a home buying expert in North Carolina has an interesting blog focussed on home buying.

Here is the link: Charlotte buyer agent blog

Home Buying Quiz - Inside information

A while back we created a twelve question web based home buying quiz. The answers are in audio and it is informative, especially to first time home buyers.

Click the link below:

It has specific discussion of some Ann Arbor real estate issues but it is still helpful to anyone in the home buying process.

Some of the items in the quiz are things that traditional salespeople actually don't want you to know.

"Don't rely on agent's choice for loan, title services"

The link above is to a blog post about Tom Kelly's article today on Inman News.

The point was that many real estate agents and companies get compensation from the
mortgage process, the title process, and other parts of the transaction. Often you never see this as a home buyer.

Here is a link to the original article:

Tom Kelly article on Inman

Builder Home Loans, You Need To Be Careful

It is very important when you are buying a new home to understand your financing options. Often the builder will offer you a loan package.

After reviewing hundreds of loan offerings I can tell you it sometimes they are good options, sometimes there are terrible.

Helping Home Buyers Locate, Evaluate, and Negotiate great home deals!
Jon Boyd, Broker/Manager
The Home Buyer's Agent of Ann Arbor, Inc.
http://buyersagentannarbor.com/
734-6620-6240
1908 W. Stadium Blvd.
Ann Arbor, MI 48103
Ann Arbor's Most experienced Exclusive Buyer's Brokerage!

How Saline Area Home Buyers Can Boost Your Credit Score By 100+ Points

This Monday night we are having another free class. But this time it isn't just for home buyers.

"How To Repair Your Credit & Boost Your Score By 100+ Points!" Is a class about dispelling some of the myths of credit and showing you exactly what is possible and why in terms of improving your credit file.

You know that your credit file is critical in determining what kind of home loans yu qualify for, but did you know that potential employers will check your credit? Did you know that your credit score has a dramatic impact on your insurance rates? Even renting an apartment is impacted by what is in your credit files.

Why do we know so much about credit and how to improve it? Because as we have been looking out for the best interest of home buyers for close to 20 years, and that includes helping buyers with their credit files dating back for over 15 of those 20 years.

So, come to the free class Monday night, June 23rd and find out all about what can be done to turn your credit around in the next six months.

Again the class is free, but pre-registration is required.

Call the voice mail system at 734-223-9831 and leave a message with the number of seats you would lie to reserve, your name(s), and a phone number we cal call to confirm your reservation.

And, we will see you Monday night!

How To Buy A Foreclosure Class Tuesday Night

Next Tuesday evening we will be having another one of our classes on how to buy a foreclosure.

This class is not about trying to sell home study courses or some "get rich quick" idea. It is just a straight forward informative class on the opportunities and pitfalls that come with buying a foreclosure.

We also cover that close cousin of the foreclosure, the short-sale.

We talk about defining the terms, the foreclosure time-line and we spend a lot of time talking about actual examples from right here in Washtenaw County.

The class is free but you must reserve your seat by calling 734-223-98313 leaving a message with your name, the number of seats you would like to reserve, a phone number where we can call you back for confirmation, and where you found out about the class. (In March we ran out of space)

Mortgage Troubles in "Declining Markets"

Home buying expert Ronn Huth from the Boston area is facing some of the same challenges we are here in the Saline / Ann Arbor area with the "declining Market" label.

In this declining market lenders have changed their lending guidlines to essentially require 5% more downpayment for any given conventional low downpayment program.

On Ronn's blog he gets some insight from nationally recognized mortgage expert Dawn Davis at Rate One Mortgage in Memphis.

If you are looking at using less than 20% down in this area, take a look. Declining Market Explanation