Ann Arbor, Saline and Chelsea real estate and homes for sale in Michigan - Michal Porath, REALTOR® Michal Porath REALTOR(r) for Ann Arbor, Saline and Chelsea, Michigan real estate - NUMBER1EXPERT™ Michal Porath NUMBER1EXPERT(tm) for Ann Arbor, Saline and Chelsea, Michigan real estate
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Michal Porath, REALTORŪ, real estate agent and broker for Ann Arbor, Saline and Chelsea Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)
2452 E. Stadium Blvd.
Ann Arbor, MI 48104
Cell : 734-395-0650

All agents are NOT alike! Find out why I am a top real estate expert. Call me: 734-395-0650.


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"Michal kept on top of everything - hard-working, candid and trustworthy."
Donald Pelz
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Mortgage Prequalification: Ann Arbor, Saline and Chelsea Michigan home buying, real estate listings, and homes for sale in Washtenaw County, MI
Welcome > For Buyers > Mortgage Prequalification ...


Don't Go Shopping for a New Home Before You Know Exactly How Much You Can Spend! 

You might have an idea of the loan payment and mortgage you can afford. But will the bank feel otherwise? It's always best to pre-qualify for a mortgage so you know exactly how much a financial institution would be willing to lend you. 

In the pre-qualification process, you will find out: 

- Exactly how much home or land you can afford. 

- How much cash you will need for the down payment. 

- The minimum down payment, and advantages of higher down payments. 

- What the bank feels you can afford for a monthly payment. 

I help buyers pre-qualify for mortgages every day. Simply fill out the form below to get started. 

Remember: I will respect your privacy! I know this is your personal information, and I will not distribute it to anyone, other than to my preferred mortgage broker. This service is also provided free of charge, without any obligation on your part. It is part of my job as a top Ann Arbor, Saline and Chelsea REALTORŪ to offer services such as these. 

Once you fill out the form, I will quickly process your information and get right back to you! 

I can help you pre-qualify for your mortgage. It's my job! This is free and without obligation... 

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Real Estate Tips
Financing Your Home >Mortgage Terms

New mortgage loan products offer a more complex selection of terms. Lenders now offer mortgages that are blends of short-term ARMs and 30-year fixed-rate loans with a lower fixed-rate of interest for a period of five, seven or ten years. Be sure that you understand what happens at the end of the initial term before you sign on the dotted line for such a loan.

Many of these loans revert to a 1-year adjustable rate loan at the end of the initial term and can be adjusted once a year based on an index tied to the cost of money. You should know how much over the index your rate will be set and the limit or cap on how much your payments can increase. A "balloon" note requires the entire balance to be paid to the lender after the initial period of the loan ends. Most of these loans require the lender to guarantee to refinance the note at that point if payments have been timely. The lender should spell out how the re-finance rate will be determined and what costs will be involved. These loans can help you buy a more expensive house than you could afford with a 30-year fixed rate mortgage, but be sure that you understand the terms and the potential risks.

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Real Estate Trivia
Q 
What are the world's most valuable chairs?

A 
A pair of Chippendale chairs designed by Robert Adam sold in 1997 at Christie's, London to an anonymous buyer for $2,762,330.
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Michal Porath, REALTORŪ, real estate agent and broker for Ann Arbor, Saline and Chelsea Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

Michal Porath
The Reinhart Company

2452 E. Stadium Blvd.
Ann Arbor, MI 48104
Phone: 734 395-0650
EFax: 734 669-4105
michalporath@NUMBER1EXPERT.com

After 28 Years, I still love what I do. For me, real estate isn't just about houses, but it is also about where people make their home. I understand the emotional aspects of home buying and selling, as well as understanding the technical details. I know how to ask the right questions and where to find the answers. When we work together, you'll have the complete attention of a respected professional, intent on being your advocate--face-to-face, one client at a time. This is how I have built my client base and become one of Ann Arbor's most successful Realtors. Whether you are moving across town or across the country, when you decide to buy or sell your home, Invest in the Best Real Estate Advice you can find. My clients say it has made all the difference for them. I'd love to hear from you!

REALTOR CRS Equal Housing RELO MLS


The Reinhart Company real estate and homes for sale in Ann Arbor, Saline and Chelsea Michigan

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