Thanks for checking in on this great program that is available for home buyers to consider when buying a new home. As you may already be aware many home in Metro Detroit are in bad shape. This is due in part to the homes being abandoned by the current owners, vandalized during the foreclosure process or any other number of reasons.

In order to buy these homes that were in need of repair you would have to pay cash, because you could not get a new mortgage with the homes in that condition……until now!

Introducing the FHA 203k Streamline program. This allows you to buy the home AND finance in the cost of the repairs to the home up to about $35,000!!

Check out this link for more details:

http://portal.hud.gov/portal/page?_pageid=73,1826449&_dad=portal&_schema=PORTAL

But to find out if you qualify for this AWESOME new way to buy a home and take advantage of this housing market, please email me now to get more info on your situation.

Email me at jeff@glmf.com and let me know your interested in buying a “Rehab Home” I will get in touch with you and qualify you on the spot so we can get you in a new home this Summer!

Or call at 586-421-1639

God Bless,

Jeff Marsack

Metro Detroit Home Loan Expert

Bookmark It

Hide Sites

Great news for first-time home buyers. This week, Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development stated that the Federal Housing Administration (FHA) is now going to permit it’s lenders to allow home buyers to use the $8000 tax credit as a down payment. Previously, buyers had to wait to file their taxes to take advantage of the tax credit, which hindered some home buyers from buying.

By allowing buyers to utilize the tax credit as a down payment, money will now be freed up for the buyer that would otherwise be needed at closing. This will allow the first-time home buyer to save their money for a rainy day or for home improvements.

I believe this new program will further stimulate the already improving real estate market here in Southeast Michigan, attracting even more first-time home buyers. HOWEVER the latest info from HUD on getting the money upfront rather then waiting until after you buy is Preliminary so its not for sure yet…..but the $8000 Tax credit is for sure working for you after you buy the home…(If your Eligible of course)

There couldn’t be any more incentives for first-time home buyers, considering that interest rates are at an all time low, home prices are not over inflated and there are plenty of homes to choose from. Sellers would have to give the home away for free for there to be a better deal. This is the absolute best time to be a first-time home buyer.

* Low Interest Rates

*Low Prices

*$8000 Tax Credit

Consumer confidence needs a boost and I feel that this is just the news that will do it or at least light a fire. Now, if only the news media such as the TODAY Show would report on this great news instead of always reporting on the negatives about the real estate market, consumer confidence would increase. Fortunately we have a great local news station, WXYZ Channel 7 that will be doing a piece on this very soon with reporter Bill Spencer and I talking about how this and how it can benefit buyers. 

We will also be promoting an upcoming Seminar that I will be hosting Tuesday evening from 7pm - 9pm at the Best Western Sterling Inn at 15 Mile and Vandyke.

If you are a possible first time home buyer then you owe it to yourself to see if now may be the time to buy. Call or email now to RSVP your spot today!

Our 24 Hour Recorded Reservation Hotline 800–635-4656 EXT 0519 

Jeff@glmf.com

Direct 586-421-1639

Bookmark It

Hide Sites

Thank you for visiting my website. As you may have seen on the Channel 7 News Story Thursday evening, Fannie Mae and Freddie Mac have recently announced new mortgage refinance options for homeowners who up till now, may not have been able to take advantage of today’s low interest rate environment.

WHO SHOULD LOOK INTO THIS

The ideal client is a homeowner who purchased their home in recent years with 20% down or more, and is in a mortgage with a rate in the upper 5’s or 6% plus range, or your in an Adjustable Rate Mortgage. The reason this new loan program is unique is because until now, you may not have been able to refi your loan due to the loss in your 20% or more in equity, and you would of had to then pay outrageously high private mortgage insurance, which would make the low rate no longer worth it. Now you can refinance your mortgage to today’s low rates as long as your loan balance does not exceed 105% of today’s appraised value and NOT have to pay the private mortgage insurance!

AM I ELIGIBLE

In order to see if you may be eligible you need to see if your loan is owned by Fannie mae or Freddie mac. To check on that go to both website and see.

www.fanniemae.com and www.freddiemac.com

Or go to www.makinghomeaffordable.gov for even more details…..Also, if you find out your loan is not showing as owned by Fannie or Freddie you may want to go to www.usps.com (United States Postal Service) just to make sure your inputting it in the Formal Legal Way

I’M ELEGIBLE, NOW WHAT?

Now email me with your Name and contact info, along with if your loan is Fannie or Freddie, what your loan balance is and your current interest rate is. I will then follow up with you on how much money we can potentially save you!

Sincerely,

Jeff Marsack, Metro Detroit Mortgage Expert Great Lakes Mortgage Funding Direct 586-421-1639 jeff@glmf.com

Bookmark It

Hide Sites

Part of the latest “Stimulus” out of Washington has offered us in Metro Detroit a great reason to buy a home

$8000 Bucks in your pocket!!!

If your a first time home-buyer (have not owned a home in the last 3 years) and your an individual who makes less than $75,000 or your a married couple and you don’t make more then $150,000… then you may be able to take advantage of this AWESOME opportunity to buy a home.

You can’t ask for a much better chance to take advantage of a perfect storm for potential home-buyers..

1) LOW LOW Prices, 2) LOW LOW Mortgage Rates 3) BIG BIG Inventory 4) BIG BIG Cash incentives

I am hosting a FREE “Home Buyers Seminar” with other Metro Detroit Real Estate Professionals on Tuesday MAY 19, 2009 at the Best Western Sterling Inn from 7pm to 9pm. We will discuss how you can take advantage of this market and own a home of your own..

We will have plenty of FREE goodies and gifts plus if you RSVP before the seminar I will provide you with a FREE credit report and FICO score analysis, yours to keep.

Best Western Sterling Inn

34911 Van Dyke Sterling Hts, MI 48312

Jeff Marsack jeff@glmf.com

Bookmark It

Hide Sites

Well today is the day many have been waiting for. The day we get to here the guidelines to how President Obama is going to save the country’s housing crisis. As some are aware, I have been a source of information due to the TV broadcast I was on last October on our Detroit ABC News affiliate, Channel 7. On that broadcast we talked about how the governments new FHA loan,  ”Hope for Homeowners” was supposed to save the day and help millions from losing their home by allowing them to refinance down to 90% of the current appraised value…..it sounded good….it did not help anyone that I’m aware of, in the entire Country….One of the biggest reasons it did not help is because the ”Banks” would not participate and of course as of today it’s still a free country, so if they did not want to play ball then you were outta luck.

Until I see proof that this latest round is helping people here in our local area’s of Southeast Michigan, namely, Macomb County, Wayne County, Oakland County, and St Clair County….I’m NOT a believer.

PLEASE READ THIS: I cannot help you. I am a mortgage broker and we have not been ”Allowed” in to the negotiations on how to run the show. You have to contact YOUR BANK in order to see if you are eligible for any of the programs.

Here is the link that discusses all about the various round of Government Solutions…

www.financialstability.gov  

Please don’t call my office for information, please vist the website above and contact your lender direct. I would love to help but I can’t. Feel free to email me your stories of how your bank treated you when you called to try and get help, I would love to bring them to the attention of Channel 7 News reporter, Bill Spencer.

Best of Success,

Jeff Marsack, jeff@glmf.com

Great Lakes Mortgage Funding

“Your Mortgage Advocate”  

Bookmark It

Hide Sites