Do you advise a lock-in on a Kalamazoo & Portage Michigan home loan?
Locking in a mortgage rate with a lender is one way to ensure that same rate still will be available when you need it.
Lock-ins make sense when borrowers expect rates to rise during the next 30 to 60 days, which is the usual length of time lock-ins are available.
A lock-in given at the time of application is useful because it may take the lender several weeks or longer to prepare a loan application (though automated loan practices are cutting this time dramatically).
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using an agent for a new home |
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Can I use an agent for a new Kalamazoo & Portage Michigan home?
Yes, however buyers should be aware of the differences inherent in working with sales agents who are employed by the developer, rather than traditional real estate agents.
Builders commonly require that an outside agent be present, and sign in, the first time a prospective purchaser visits a site before payment of commission even is discussed.
At times when buyers use an advertisement to find the development
themselves first, builders can refuse to pay any commission regardless
of how helpful an agent may become later in the process. It is
advisable to call the development first and inquire about their policy
on compensating real estate agents if you are using one.
Questions about Kalamazoo & Portage Michigan Real Estate?
Ask us below or Call us Now at 269-760-1558
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