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Wishing You And Your Family A Happy Holi
Two agents with local expertise
delivering remarkable results!
O
ur goal is to engage buyers and sellers bring them together
W
riting out your New Year's
resolutions? If you're
thinking of buying a home
in 2016, it's time to add these five reso-
lutions to your list:
to get top dollar for your extraordinary property. From the first
meeting to the closing Dana and Sandra will give you exceptional
service and knowledge to showcase all the elements of your
beautiful home. We will strategically market, stage and price your
home to captivate an audience in this constantly evolving real
estate market. Call us for a FREE home analysis!
Sandra Treboldi
Dana Labes
Realtor
Realtor
streboldi@signaturesothebys.com
dlabes@signaturesothebys.com
cell: 248.672.9669
cell: 248.514.0781
Signature
Sotheby's
INTERNATIONAL REALTY
415 S. Old Woodward, Birmingham MI 48009 I 248-644-7000
1982010
Bu
MICHIGAN
SELL
01 1 ,2-119AN
LEASE vas
serving
AGES
Oakland County and the
Entire Metro Area
yr
including Ann Arbor
Get RESULTS
Residential & Commercial
www.MetroSold.com
Let our 100 years of combined experience and
knowledge guarantee the best possible outcome.
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XV.
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Jay Greenspan, Broker
Jgreenspan@metrosold.com
248-488-SOLD
MICHIGAN METROPOLITAN, REALTORS®
A DIVISION OF MICHIGAN PROPERTY MANAGERS
30 December 10 2015
JN
2051740
• Get your financial house in
order: Good credit is key to getting
a mortgage at a reasonable interest
rate. If it's been more than a year, find
out what your credit score is. You can
improve your credit by paying your
bills on time, working with a no-fees
housing counselor and beefing up your
credit literacy. Free online resources
can help, such as Freddie Mac's
CreditSmart online training.
• Figure out how much you can
afford. What do you earn? What do
you spend? How much do you have in
savings? Answering these questions
will help you learn whether you are
financially ready for homeownership.
Make a budget and use free online
tools and calculators to determine how
much you can afford and the amount
you have for a down payment. If you're
short, reduce optional expenses and
set up a monthly, automatic deposit
into your savings account.
• Explore your mortgage options.
Don't assume you don't have enough
for a down payment or won't qualify
for a mortgage without 20 percent
down. In fact, about 40 percent of
today's homebuyers are making down
payments that are less than 10 percent
and a recent study found that 87 per-
cent of U.S. homes would qualify for
down payment help.
Find out if you're eligible for any
local or state down payment assistance
programs. Remember, some options
may be as low as three percent. But
keep in mind that if you're not putting
at least 20 percent down, you'll pay
extra each month for mortgage insur-
ance. Contact several mortgage lenders
to shop around and get the best deal.
• Get pre-approved for fmancing.
It's highly recommended that you work
with your lender to get pre-approved
before you begin house hunting. Pre-
approval will tell you how much home
you can afford and can help you move
faster and with greater confidence in
competitive markets.
• Rely on professionals. The typi-
cal homebuyer will look at 10 homes
over a 10-week period so finding and
working with the right team is criti-
cal. Housing counselors, realtors and
lenders all play an important role in
the home buying process. These pro-
fessionals have the expertise to advise
you every step of the way.
For more tips and resources, visit
myhome.freddiemac.com .
With some firm financial resolve,
you can make your dream of home-
ownership possible in 2016. *
Courtesy of StatePoint.
Mortgage Rate To Rise
The Federal Reserve is widely
expected to begin increasing inter-
est rates soon, which means the win-
dow for record low mortgage rates is
closing, according to Realtor.com .
While rates are expected to go up
gradually, higher rates push up bor-
rowing costs and monthly mortgage
payments.
"You are likely to get the best rate
you will possibly see, perhaps in
your lifetimes through the majority
of next year, but certainly, the earlier
the better," said Jonathan Smoke,
chief economist at Realtor.com .