Our Blog
Interesting stories from our lives as Exclusive Buyer’s Agents!
Loan Level Pricing Adjustments for 2023 will frustrate a lot of home buyers –
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 apply for their...
The Definition Of Exclusive Buyer Agency
There seems to be some needless confusion about the definition of Exclusive Buyer Agency. This is partially understandable because a lot of consumers don't know the actual difference between a real estate agent, a REALTOR, a real estate broker and a real estate...
Farmington Hills Michigan, a great place to buy a home with a buyer agent!
As the top Farmington Hills buyer agent, we recently helped a first-time buyer couple purchase a home in Farmington Hills. Farmington Hills is a nice area of Oakland County north of Detroit. A lot of the housing stock was built during the great expansion of the auto...
University of Michigan Gets Top Ranking For Value In Money Magazine Survey
This is pretty impressive, especially considering what tuition is now at our U of Michigan. Money bases this result on looking at three components of a college's value: 1. Affordability - Michigan is for in-state students is priced less than about 600 other colleges....
New Conforming Loan Limits for 2022 in Michigan
For more expensive home purchases where the loan amount exceeds the conforming limit, the loan is termed a jumbo loan, the pricing is usually higher, and the qualification guidelines are generally stricter. For example, it was very difficult to find any jumbo loans with just 5% down recently. Something that almost every lender offered in a conforming loan.
A Zero Energy Home compared to a Zero Energy Ready Home
. As the area's largest buyer's agency, we work to keep up with technology improvements in home construction. As an example, at a recemt staff meeting we talked in detail about the newer energy-efficient mini-split heat pumps that are being used by a luxury home...
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