13355 Heather Lane, Perry, Michigan 48872 |
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Your home for Real Estate advice from the professionals at MacIntyre & Cowen - REMAX Real Estate Professionals - Grand River. Providing Real Estate services for Lansing, Haslett, Okemos, East Lansing, Grand Ledge, Holt, Williamston, Mason, Eaton Rapids, Dimondale, Dewitt and more!!
About Me
- MacIntyre & Cowen - RE/MAX Real Estate Professionals - Grand River. Lansing MI
- I am confident that you will find the service and expertise you require in my team and me as your representation. Our track record of buying and selling homes is a testimony of my team’s success in navigating through many of the most difficult circumstances in the real estate industry. You need someone who can guarantee you results and who understands both the real estate market and the financing programs that are available in our market. I think of my team as “Solution Specialists” and we are known as experts in identifying different options and getting results. With today’s economy, you need an expert to buy or sell a home and that is what the MacIntyre & Cowen Team offers: service, knowledge, and experience. http://www.pmachomes.com 517.999.2675
Thursday, February 13, 2014
Perry MI Real Estate - Newer Built Home, Great Sub
Tuesday, February 11, 2014
Homes for Sale St Johns MI ~ so much to offer & 6 Acres!
9703 Norris, Dewitt, Michigan 48820 | |||||||||||||||||||||||||||||||
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Thursday, February 6, 2014
VA Loans - Affordable Home Ownership
VA loans are the most misunderstood mortgage program in America. Industry professionals and consumers often receive incorrect data when they inquire about them. In fact, misconceptions about the government guaranteed home loan program are so prevalent that a recent VA survey found that approximately half of all military veterans do not understand it.
Veterans and Active duty military deserve affordable home ownership. In recent years, the VA loan made up roughly 13% of all home purchase financing. This program remains underused largely because of misinformation. By separating facts from myth, more of America’s military would be able to realize their own American Dream.
With this in mind, we would like to debunk the most common myths about VA Loans.
Myth 1: The VA loan benefit has a “one time” use.
Fact: Veterans and active duty military can use the VA loan many times. There is a limit to the borrower’s entitlement. The entitlement is the amount of loan the VA will guarantee. If the borrower exceeds their entitlement, they may have to make a down payment. Never the less, there are no limitations on how many times a Veteran or Active Duty Service Member can get a VA loan.
Myth 2: VA home loan benefits expire if they are not used.
Fact: For eligible participants, VA mortgage benefits never expire. This myth stems from confusion over the veteran benefit for education. Typically, the Montgomery GI Bill benefits expire 10 years after discharge.
Myth 3: A borrower can only have one VA loan at a time.
Fact: You can have two (or more) VA loans out at the same time as long as you have not exceeded your maximum entitlement and eligibility. In order to have more than one VA loan, the borrower must be able to afford both payments and sufficient entitlement is required. If the borrower exceeds their entitlement, they may be required to make a down payment.
Myth 4: If you have a VA loan, you cannot lease the home.
Fact: By law, homeowners with VA loans may rent out their home. If the home is located in a non-rental subdivision, the VA will not guarantee the loan. If the home is located in a subdivision (such as a co-op) where the other owners can deny or approve a tenant, the VA will not approve the financing. When an individual applies for a VA loan, they certify that they intend on making the home their primary residence. Borrowers cannot use their VA benefits to buy property for rental purposes except if they are using their benefits to buy a duplex, triplex or fourplex. Under these circumstances, the borrower must certify that they will occupy one of the units.
Myth 5: If a borrower has a short sale or foreclosure on a VA loan, they cannot have another VA loan.
Fact: If a borrower has a claim on their entitlement, they will still be able to get another VA loan, but the maximum amount they would otherwise qualify for may be less. For example, Mr. Smith had a home with a $100,000 VA loan that foreclosed in 2012. If Mr. Smith buys a home in a low cost area, he will have enough remaining eligibility for a $317,000 purchase with $0 money down. If he did not have the foreclosure, he would have been able to obtain another VA loan up to $417,000 with no money down payment.
When it comes to Greater Lansing MI Real Estate MacIntyre & Cowen Realty Group, RE/MAX Real Estate Professionals Grand River is committed to providing you integrity, knowledge and professionalism; with top notch customer service, professional expertise and a solid commitment to your real estate needs.
MacIntyre & Cowen Realty Group offers FREE buyer services and is your premier source for accomplishing your real estate goals. I personally invite you to learn more about myself and services offered at www.pmachomes.com. View our inventory, client testimonials orrequest a free home evaluation. You may also contact me at 517.999.2675 or via email at peter@pmachomes.com.
Article Courtesy of the KCM Crew, via gues blogger Phil Georiades. Phil is the Chief Loan Steward for VA Home Loan Centers, a veteran and active duty military services organization.
Veterans and Active duty military deserve affordable home ownership. In recent years, the VA loan made up roughly 13% of all home purchase financing. This program remains underused largely because of misinformation. By separating facts from myth, more of America’s military would be able to realize their own American Dream.
With this in mind, we would like to debunk the most common myths about VA Loans.
Myth 1: The VA loan benefit has a “one time” use.
Fact: Veterans and active duty military can use the VA loan many times. There is a limit to the borrower’s entitlement. The entitlement is the amount of loan the VA will guarantee. If the borrower exceeds their entitlement, they may have to make a down payment. Never the less, there are no limitations on how many times a Veteran or Active Duty Service Member can get a VA loan.
Myth 2: VA home loan benefits expire if they are not used.
Fact: For eligible participants, VA mortgage benefits never expire. This myth stems from confusion over the veteran benefit for education. Typically, the Montgomery GI Bill benefits expire 10 years after discharge.
Myth 3: A borrower can only have one VA loan at a time.
Fact: You can have two (or more) VA loans out at the same time as long as you have not exceeded your maximum entitlement and eligibility. In order to have more than one VA loan, the borrower must be able to afford both payments and sufficient entitlement is required. If the borrower exceeds their entitlement, they may be required to make a down payment.
Myth 4: If you have a VA loan, you cannot lease the home.
Fact: By law, homeowners with VA loans may rent out their home. If the home is located in a non-rental subdivision, the VA will not guarantee the loan. If the home is located in a subdivision (such as a co-op) where the other owners can deny or approve a tenant, the VA will not approve the financing. When an individual applies for a VA loan, they certify that they intend on making the home their primary residence. Borrowers cannot use their VA benefits to buy property for rental purposes except if they are using their benefits to buy a duplex, triplex or fourplex. Under these circumstances, the borrower must certify that they will occupy one of the units.
Myth 5: If a borrower has a short sale or foreclosure on a VA loan, they cannot have another VA loan.
Fact: If a borrower has a claim on their entitlement, they will still be able to get another VA loan, but the maximum amount they would otherwise qualify for may be less. For example, Mr. Smith had a home with a $100,000 VA loan that foreclosed in 2012. If Mr. Smith buys a home in a low cost area, he will have enough remaining eligibility for a $317,000 purchase with $0 money down. If he did not have the foreclosure, he would have been able to obtain another VA loan up to $417,000 with no money down payment.
When it comes to Greater Lansing MI Real Estate MacIntyre & Cowen Realty Group, RE/MAX Real Estate Professionals Grand River is committed to providing you integrity, knowledge and professionalism; with top notch customer service, professional expertise and a solid commitment to your real estate needs.
MacIntyre & Cowen Realty Group offers FREE buyer services and is your premier source for accomplishing your real estate goals. I personally invite you to learn more about myself and services offered at www.pmachomes.com. View our inventory, client testimonials orrequest a free home evaluation. You may also contact me at 517.999.2675 or via email at peter@pmachomes.com.
We are working to bring you home!
Click HERE to Access All Greater Lansing area listings &
start YOUR home search today!
Article Courtesy of the KCM Crew, via gues blogger Phil Georiades. Phil is the Chief Loan Steward for VA Home Loan Centers, a veteran and active duty military services organization.
Lansing MI Homes for Sale ~ Move In Ready
546 Samantha, Lansing, Michigan 48910 | |||||||||||||||||||||||||||||||
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Wednesday, February 5, 2014
Move Up to the Home You Always Wanted!
Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. Prices are still below those of a few years ago and interest rates are still below 5%.
However, sellers should realize that waiting to make the move while mortgage rates are increasing probably doesn’t make sense. As rates increase, the price of the house you can buy will decrease. Here is a chart detailing this point ~
MacIntyre & Cowen Realty Group, RE/MAX Real Estate Professionals, Grand River is Greater Lansing MI areas premier Real Estate Company ~ committed to providing you integrity, knowledge and professionalism; with top notch customer service, professional expertise and a solid commitment to your real estate needs. Contact us at (517) 999-2675 or via email at peter@pmachomes.com.
However, sellers should realize that waiting to make the move while mortgage rates are increasing probably doesn’t make sense. As rates increase, the price of the house you can buy will decrease. Here is a chart detailing this point ~
To find out what your home is worth request a FREE no obligation,
complimentary market analysis HERE.
Article Courtesy of the KCM Crew
Portland MI Home for Sale
871 W Grand River, Portland, Michigan 48875 |
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