Mike Heath

Realtor

Gaylord

700 W. Main Street

Gaylord, MI49735

Melissa Heyer › 6133 Summerside Drive, Alanson, MI 49706 › Blog › Financing

Main: 989-732-6777 Office: 989-619-0400
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Viewing Posts tagged Financing. 2 Posts Found.
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Big interest savings on jumbo loans

Fortune/CNN's Allan Sloan reports great news on a real GDP stimulus policy enactment.  The federal government has raised the ceiling on loan amounts that "conform", i.e., loans that lenders can sell to Fannie Mae and Freddie Mac.  This allows buyers purchasing homes with loan balances greater than $500,000 to save thousands of dollars annually on interest expense.  This effect should ...
Posted by Mike Heath @ 7:50 AM on 04/30/2008
Tags: Financing Good Busines News Market Pressure National Real Estate News

Need to know when purchasing a vacation condo @ a resort and/or hotel.

The WSJ published a report on the soft market for "condo hotels", vacation homes located within a hotel-like setting where property owners either use or rent-out their condo. This is having a big impact on buyers who are purchasing vacation property at resorts when it comes to lining-up their financing.  What's important to understand is that "Condtels" or "condo hotels" do not conform to Fannie ...
Posted by Mike Heath @ 6:41 PM on 04/05/2008
Tags: Financing Golf Property Resort Property Vacation Property
Viewing Posts tagged Financing. 2 Posts Found.
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