Category: Resources
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How to Take Title
Ownership in Real Estate and Conveyance of Title How do you know you “own” a property? In the USA, there is a chain of title for every property that goes back to original land grants and tribal treaties. This unbroken chain ensures that the buyer is legally purchasing a property…
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Glossary of Real Estate Terms
Glossary of Real Estate Terms Adjustable-Rate Mortgage (ARM): A mortgage that permits the lender to adjust the mortgage’s interest rate periodically on the basis of changes during the year, as well as the remaining mortgage loan balance at the end of the year. Annual Percentage Rate (APR): The cost of…
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Home Buyer’s Guide
Common Questions How long does it take to buy a house? It really depends. Some people look for two years, some for two weeks. Pre-approval letters from your lender last for 90 days and can be extended if they run your credit again. From the moment a seller accepts your…
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First-time home buyer loans in Michigan
Few first-time buyers have saved enough for 20% down. But the good news is that you don’t need that much. Not by a long shot. Borrowers can often get into a new home with as little as 0-3% down using one of these low-down-payment mortgage programs: 1 Conventional 97: From…
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What’s different about buying long-distance?
WHAT’S DIFFERENT ABOUT BUYING LONG DISTANCE? Buyer Consultations over video, Showings (virtual or in-person), Inspections (virtual or in-person) When should I visit the area? When you visit, be sure to: -Check out the neighborhoods -Walk around on a Saturday night -Get some coffee or breakfast at a local shop -Chat…
Realtor Lorentz 