Renee Willetts Real Estate

In 1971, the mortgage interest rates were 7.33%. If you were one of those people that said, "I'll just wait until the interest rates drop again before I buy a home" You would have waited 22 years (1993) before the rates dropped below 7.33% again.
By that time the house you wanted to buy is now four times as much and you have zero equity.
Moral of the story...Don't wait to buy a home until interest rates drop and always keep in mind that you can refinance if they do.

www. Reneewillettshomes.com

248.467.9264

Renee Willetts Realtor Page Realtor in Oakland County Michigan , Renee Willetts

Spring Market 2024 is here ! www.reneewillettshomes.com. 248.467.9264

Www. Reneewillettshomes.com
248.467.9264

Great Information!

Are you Self-Employed and wondering what documentation is needed to finance a home? The answer depends on how long you have been in business, how you are paid, and the steadiness of your income. The loan approval systems evaluate the length of time you have been self-employed, how your income is trending [up, down, or steady], and how you are paid by your business. Based on these factors, the documentation needed to qualify you for a loan will be determined. If you are Self-Employed, let’s talk! I’m sure I can help you discover the path to homeownership.

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Good Information for any homeowner!

Happy Valentine’s Day

You don’t need 20% to buy a home! Call today and we will pre approve you at no charge!

Good Advice from Phil …..

First-time buyers were responsible for 29% of sales in December; Individual investors purchased 16% of homes; All-cash sales accounted for 29% of transactions; Distressed sales represented 2% of sales; Properties typically remained on the market for 29 days.

Woo hoo !!! Congratulations Michigan ! GOBLUE !!!

New 2024 advertising coming out !

Michigan has 3 of the top 20 fastest selling real estate markets in the US according to Redfin. Housing inventory continues to be limited mainly due to many homeowner's being locked into sub 3% interest rates. This is causing buyers to act quickly on the correctly priced homes that are on the market. While staying in your home with a low interest makes perfect financial sense, sometimes moving becomes a necessity whether it be for work, family, upsizing, downsizing, etc. If you do have to sell, you should expect immediate showings and have offers coming in within roughly 2 1/2 weeks. If not, then something is wrong with the condition, marketing and/ or asking price.

Lavish estate in Oakland County headed to auction An Oakland County mansion will seek new owners through an auction process starting next week.The "La Reve" estate on 22 acres in Oakland Township...

Fannie Mae is introducing a game-changing opportunity for prospective homeowners and investors alike.

Beginning November 18, 2023, they will now accept down payments as low as 5% for owner-occupied 2-, 3-, and 4-unit homes.

This marks a significant shift from their previous financing requirements, which typically demanded hefty down payments of 15-25% for duplexes, triplexes, and four-plexes.

This fresh approach opens doors for individuals interested in both investing in multifamily homes and reaping the advantages of homeownership.

⁉️WHY DO I HAVE TO USE A REALTOR WHEN I HAVE THE GOOGLE?⁉️

⛵️Expert Guidance!

🗣️Negotiation Knowledge!

💰You Net At MINIMUM 25% More On the Sale Of Your Home!

🧘 Realtors Will Keep You Focused On the Right Tasks!

🧠Real Estate Agents Understand the Process and the Hoops That Come Along With It!

🛡️Realtors Act In Your Best Interest and Will Keep You Protected and Hold All Parties Accountable Throughout the Process!

☎️Please let me know if I can help with any questions! 248-467.9264

👋I NEED TO GET PRE-APPROVED - WHAT DO I NEED!👋

💵Proof of Income - A lender need to know that you currently have funds that you can draw from each mont to pay back a mortgage
- Last paystub dated within the past 30 days
- W-2’s for the past 2 Years
- Self Employed? No problem, you will need business returns and personal returns for the past 2 Years

🗂️Proof of Assets - A lender will want to ensure you have enough money to pay a down payment on a home, so they will want to see assets
- Your last 2 months of bank statements for the accounts you are using for the down payment

💳Credit Score - I will assist you with this step, we will review your credit report upon the pre-approval beginning.

🪪Identification - This is an easy one! A lender will just want a copy of your drivers license to verify you are who you say you are!

☎️Please let me know if I can help with any questions! 248-467-9264

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So True ,,,,,

🏡HOME PURCHASING FACTS!🏡

🤷‍♂️🤷‍♀️Are you ready to take the first step towards your dream home? Then it's time to reach out to me!🙋‍♂️

🧮A mortgage is a loan that you take out to purchase a property. It allows you to spread the cost of the property over a longer period of time, usually 25-30 years.

💳Your Credit Score: Your credit score is a crucial factor in determining whether you will be approved for a mortgage and what interest rate you will receive.

💰Down Payment: A down payment is the initial payment you make towards your home purchase. The more you can put down, the lower your monthly mortgage payments will be.

📜Loan Types: There are many different types of mortgages, each with their own unique features and requirements. Research different loan types to find the one that is right for you.

📑Interest Rates: Interest rates can have a significant impact on your monthly mortgage payments.

🏘️Pre-Approval: Getting pre-approved for a mortgage will give you a better idea of what you can afford and will make the home buying process smoother.

☎️Please let me know if I can help with any questions! 248-467-9264