|
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.
|
Sign Up For My eNewsletter, FREE!
There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Find Out More >
View All Offers >
|
 Compare three mortgages at one
time. Download TripleCalc now. It's free. |
Michal Porath is one of The Top
Selling Real Estate Experts™
Find Out More > |
|
|
 |
Do You Have a Real Estate Related Question? I Will Email You an Answer Quickly. As a top Ann Arbor, Saline and Chelsea real estate expert, it's my job to help! Please take advantage of my experience and knowledge. Ask me anything about: - Any particular home that is or was on the market. - Neighborhoods and local market trends. - Local demographics and the economy. - Tricks and traps when buying real estate in this area. - Special tax considerations regarding real estate. - Specific questions about contracts, escrow, and closings. - Anything real estate! It's my job to know EVERYTHING about real estate! Ask me anything. There are no dumb questions! It's FREE, and I promise to get back to you quickly... 
Buyers Remorse >First Time Loans
Most first-time buyers can qualify for a mortgage loan, but they may need help from parents to make the down payment or closing costs on their home. There are loan programs that minimize the down payment and closing costs for first-time buyers. These programs usually require that 3 to 5 percent of the purchase price come from the buyers' funds, not from a loan or gift. Most lenders ask for the last three months' bank records. The borrower will be asked to reveal the origin of any large deposits. If the money comes from the homebuyer's parents, the lender may not consider those funds when qualifying the buyers.
Parents who are planning to help their children finance a home should transfer any funds several months before the house-hunting process begins. If it is a loan rather than a gift, a formal re-payment agreement should be drawn up between parents and children to eliminate potential misunderstandings or future complications with either estate.
|
|
| Q |
What tropical haven is back in vogue, attracting celebrities like Cher, Madonna, and Sylvester Stallone, who have homes here?
|
| A |
Made up of 17 islands in Biscayne Bay, Miami Beach is the "American Riviera" and famous for its tropical beauty. |
 See More Real Estate Trivia > |
|
|
|
|
- NUMBER1EXPERT™ 
