The Six Steps of the Mortgage Process

REALTEAM

The joy of finding just the right home can sometimes be accompanied by that creeping feeling of apprehension when it comes to obtaining a mortgage. It seems everyone knows someone that experienced a rough road when they purchased a home, and more often than not, the experience involves mistakes, delays, and confusion in the mortgage…

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Curb Appeal: How to Sell Your Home More Quickly

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Curb appeal is real estate slang for the outward appearance of a piece of real estate. The termappeals to the aesthetic, or visual, attractiveness of a property as viewed by a prospectivebuyer. Improving curb appeal can positively influence your home’s value and marketability, allwith a good return on the cost. And, ultimately, it can lead…

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Four Major Influences On Your Home Buying Budget

REALTEAM

Finding it impossible to locate a rental in Detroit or other areas of Michigan? Many people arehaving the same problem. With the median price of homes in July 2021 in Southeast Michigan being at around $260,000, it’s a good time to shift focus and turn to purchasing your own home. The benefits of owningyour own…

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Understanding the Real Estate Market in Detroit

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If you have paid any attention to the real estate world lately, then you have probably heard the term “seller’s market” tossed around. 2020 became the year the housing market significantly changed. And, if the first half of 2021 is any guide, it looks like 2021 will continue the current cycle. Detroit is no exception…

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How Can I Avoid Paying PMI

MIReal Team

For a conventional mortgage, paying any less than 20% down will very likely result in private mortgage insurance (PMI) becoming a requirement for your loan to close. PMI ultimately exists to protect the lender from a borrower defaulting on a mortgage in a particularly precarious situation, where the home may be worth very near the…

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What’s The Difference Between APR and My Interest Rate?

REALTEAM

Many people are confused about the difference between their interest rate and annual percentage rate (APR). While both rates do relate to the total cost of your mortgage, each calculation comes from a distinct set of inputs. It is important to comprehend the differencebetween an advertised rate and how your APR may diverge, even significantly,…

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Understanding Cash to Close

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While some lenders provide for other creative charges at times, this is a list of the most commonclosing costs. The list is by no means exhaustive, but it will provide you with an idea of thetraditional costs associated with a mortgage. As you can see, these charges come from thecombination of providers necessary to make…

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The Top 7 Traits Your Real Estate Agent Should Possess

REALTEAM

Think about your ideal real estate agent for a moment. While many people may conjure up images that look a lot like Glenngarry Glen Ross with his “ABC” monologue, the only person on your real estate team that should really live the “Always Be Closing” mantra is the Closer on your mortgage. In reality, a…

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Shelby Township Restaurant Guide

Real Team

     “What should we do for dinner?” Don’t feel like cooking, and looking to try something new? Whether you are new to the Shelby Township area or you’re just looking for a new place to dine at for dinner, this list should help you find what you’re looking for. Shelby Township is filled with…

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