by Jon Boyd | Dec 6, 2023 | Buyer Agency, Mortgages
Interesting event in the office this week. We routinely shop and negotiate with lenders for our buyer clients. Last week, we were looking at loans for one of our luxury home buyers whose loan amount will be close to a million dollars. This is in the... 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 | 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... 
by Jon Boyd | Feb 26, 2019 | Mortgages
If you are curious about what kind of downpayment help might be available for you, we have a service that will search the various current Michigan programs available. We have helped quite a few buyers over the years with the different assistance programs. They can be... by Jon Boyd | Mar 31, 2016 | Buyer Agency, Home Buying, Home Ownership, Mortgages
As an Exclusive Buyer’s Agent office we show a lot of property. And, we get opinionated. This month I seem to be running into a lot of listing agents who are happy to tell me over the phone what a wonderful large or deep lot their listing has, but then they are too... by Jon Boyd | Jan 31, 2016 | Buyer Agency, Home Ownership, Mortgages, Moving, Uncategorized
It sounds like some incoming physicians doing their residency here have been receiving bad information about available mortgage options. The mortgage market has changed dramatically over the last two years. There are now only about a half dozen zero downpayment... 