by Jon Boyd | Oct 17, 2023 | Construction, Home Buying, Home Evaluation, Home Inspection
In our market in southeastern Michigan, most homes have basements, and there are a lot of basement problems. One time we were looking at six Ann Arbor homes on our first time out with a first-time homebuyer couple. Four of the six homes either had current basement... by Jon Boyd | Oct 13, 2023 | Construction, Home Evaluation, Home Inspection, Home Ownership
Each decade brings different developments, but for this tip, we’ll just compare a typical 1930s home with one from the 1970s for a similar-sized home. This is the type of information that is very useful for home buyers to consider, but that often does not get... by Jon Boyd | Oct 12, 2023 | Home Buying, Mortgages
These days lenders are having a hard time. Interest rates are high and prices are high so the loan demand is low. (Refinances are almost non-existent.) So when you apply for a loan and your lender checks your credit, the credit reporting companies are selling your... by Jon Boyd | Oct 9, 2023 | Home Buying
If you are looking at homes to buy, it is likely that at least some of the homes you view will be staged. That means someone has gone into that home and decorated it specifically to get it sold as fast as possible for the most money possible. Now, there is... by Jon Boyd | Apr 2, 2023 | Mortgages
I’m afraid the new Loan Level Pricing Adjustment (LLPA) for 2023 are going to cause a lot of problems in the next couple months. There is a whole new adjustment based on a buyers total Debt-To-Income (DTI) ratio. So if a buyer’s DTi is at 39% when they... 