This afternoon, MSHDA has announced the return of the National Mortgage Settlement Homebuyer Assistance Grant. This is a $3,000 grant for first time home buyers or $5,000 for active military and veterans who are first time home buyers. Unlike the 2012/2013 grant, this can only be used in combination with the MSHDA MI First Home loan program (with or without MSHDA's down payment assistance). MSHDA's rates are 3.25% without down payment assistance or 3.75% with down payment assistance. Rates are lower for properties purchased in Detroit, Flint, Hamtramck, Highland Park, Inkster and Pontiac. There are no geographic restrictions for the grant or down payment assistance programs; however there are income limits based on the area that they are purchasing in.…
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Earth Day is around the corner and Michigan's largest Earth Day Celebration will be happening at Rochester municipal Park. It will have on the beautiful Pain Creek Train. You can enjoy searching the many healthy and green living choices with more than 100 exhibitors ready to provide free samples. Here's what you can find at the festival.
All types of exhibitors will be on hand in many different categories. You will find more than 25 green home and living exhibitors, along with others in the following categories:
- Beauty & Personal Care
- Arts & Crafts
- Clothing & Accessories
- Energy Systems & Service
- Farm & Food
- Home Building & Improvements
- Information & Communication
- Travel & Transportation
- And More!
If you have a mortgage, you've probably wished you were paying less at some point or another. Though this isn't always possible depending on your circumstances, there are usually some steps you can take to reduce your mortgage payment. Here are our top 3 favorite ways of reducing mortgage payments:
The most cost-effective and easiest way of reducing your monthly mortgage payments is to refinance your mortgage. You can either refinance into a different rate or a different term-length, depending on the options that are currently available to you.
#2: Drop Your PMI.
If you can, try to get to the point where you own 20% equity in the home. Depending on the loan type you have, this could help you drop the private mortgage…
The passing of a loved one is a very stressful time. Not only do you have to prepare for their final resting arrangements, you also have to consider what to do with all their possessions. This can even be more challenging if more than one family member is involved.
If the decision has been made to sell their home, then there are many factors to consider. Here are some tips to help you through this stressful time.
Did they pass away in the home?
Many times, you are obligated to let potential buyers know that the previous owner passed away in the home. Your real estate agent will know if this is a current obligation for the state that you are selling the home in, and if it is looked at as a material fact.
Locks and Mail
You will be…
With the change in the real estate market, becoming a home owner is more realistic than its ever been. With the recent decrease that The Federal Housing Administration (FHA) have applied, fees have dropped 0.5% and down payment options seem more sensible.
Along with lower interest rates, the real estate industry has become a buyers market. Here are some tips to help you determine if a low down payment mortgage is right for you.
The FHA is in charge of insuring loans for the lender, not you. However, this affects you as a whole because when the lender can save money, so will you. Mortgage insurance is not rolled into your loan payment, it is an additional fee. This fee will go up and down, and is mandated by federal regulations. It is…
Bathrooms are one of the most personal spaces in a home, so it’s no wonder that when a buyer tours a home, they feel awkward about checking out a bathroom in depth with an audience. What does this mean for you as a seller? Simply put, you have about 5 seconds for your bathroom to make an impression on potential buyers. How? Continue reading for the best bathroom staging tips.
Prepare the Area
The best way to begin staging your bathroom is to have a clean slate. Clean every inch of that bathroom with bleach or a similar cleaner. Bleach is the best, but there are organic alternatives.
- Remove mold and mildew with bleach or a strong mold remover. Be sure to check the corners of the bathroom.
- Remove, wash, dry, and reinstall all exhaust fan
The St Clair Art Fair is an annual waterfront event that happens in downtown Palmer Park and the Riverview Plaza in St. Clair along the Blue Waters.
2015 St. Clair Art Fair
This year will be the 44th annual event, which makes this fair one of the oldest ones still around in eastern Michigan. Admission is free and the fair will happen on June 27th and 28th, between the hours of 10 AM to 6 PM on Saturday and 10 AM to 5 PM on Sunday. The exact address is 201 N Riverside Avenue in Saint Clair, MI.
More than 120 artists will be featuring their work at the fair, so it is a great place to enjoy new and seasoned artists alike. Booths will be along the Boardwalk on the St. Clair River as well as beside the sidewalk on Riverside Avenue…
Spring is one of the best times of year to sell a home. This is because during the Spring inventory almost always rises. During the months of April, May and June, hundreds of thousands of buyers are actively searching for new homes to buy.
Due to this more homes are placed on the market during this time. To increase the odds your home will sell during this time, here are 4 very simple tips you need to follow.
Tip #1 - Take Your Home off the Market
If your home has been sitting on the market for several months, take it off for a few weeks. Buyers love listings that are fresh and new. If the DOM next to your listing shows several months, buyers will be less likely check it out. Taking it off the market for a few weeks is a great way to let it…
Most of us know Detroit for the many music legends it has produced. But Detroit is known for much more than just music. Here are four events that go on all throughout the year in Detroit.
William Henry Exotic Pocket Knives and Lashbrook Sportsmen Rings
This event is put on by J. Thomas Jewelers and takes place every Saturday at the J. Thomas Jewelers store. The store is located at 2254 Crooks Road in Rochester Hills. This event will be going on until January 2nd 2016.
The William Henry pocket knives are very unique to this area. They are the type of knives that are handed down from generation to generation. If you are interested in learning more about these exotic knives be sure to visit this event. It is free to attend.
The Island Of…
Did you know that the average American homeowner sells their home and moves every five to seven years? For a person who buys a home and lives in it for 30 years, this is a little difficult of a concept to understand. Regardless of which category you fall into, the question is the same: why do people sell their homes and move?
Your Home Becomes Too Small
The first time you purchase a home, it is not uncommon for it to be considered a starter home. When you buy your starter home, you do not always plan on increasing your family size. Imagine getting pregnant with triplets. Suddenly, your starter home is way too small.
You Need an Upgrade
Sometimes people just grow out of the house they have. The kitchen is too small or you want your own…