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First Time Homebuyers: Royal Oak, Berkley and Brighton Michigan home buying, real estate listings, and homes for sale in Oakland County, MI

Welcome > For Buyers > First Time Homebuyers ...

Buying Your First Home? REALTORSŽ Are Your Professional Guides. Make Sure You Choose Top Experts.

You might be a bit afraid or intimidated by the whole process of buying your first home. As top Royal Oak, Berkley and Brighton real estate experts, it's our job to guide you, from beginning to end.

We will take the time to go through each and every step of the buying process. There are no dumb questions!

Together, we will consider:

- How much can you really afford?

- How to qualify for a mortgage.

- How much cash you should put down.

- How to buy a home with little or nothing down.

- What it takes to get approved for financing. What banks and other financial institutions are looking for.

- How much your payments will be.

- The tax advantages of buying.

- Is renting or buying better for you?

Tell us a bit about your situation below. We'll get right back to you. There is absolutely no charge, and we offer this to you with no strings attached.

New to the home buying process? Tell us your concerns. Ask us questions. It's our job to help! There's no obligation, and we promise to get back to you quickly...

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First Time Buyers >The Down Payment

Perhaps no single decision in a real estate purchase has more variables than "How much money do I put down?" Conventional wisdom centers around either putting down as much as you can or as little as the lender allows.

If you put down a large payment, you get some leverage with the lender, such as little or no mortgage insurance, a good equity position, and perhaps a preferred mortgage deal. You will also have lower mortgage payments. One potential disadvantage of a large down payment is that you will be using after-tax dollars on which you could be earning interest. You will also have less tax-deductible interest.

When you buy a home with a low down payment, you will have more tax deductible interest, and your investment value percentage will increase faster. You will have little equity at the outset, and your monthly mortgage payments (and perhaps your interest) will be higher. However, you will also keep more of your own money in hand to potentially earn more interest in other investments.

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Q	What information does nearly every state in America require the seller of a home to reveal to the buyer?
A	Most states require disclosure of any existing problems or conditions that could affect the value of the house.
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Team Reeber, REALTORŽ, real estate agents and broker for Royal Oak, Berkley and Brighton Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

Team Reeber
RE/MAX New Trend
38275 Twelve Mile Rd, Ste. 101
Phone: (248) 553-5050 x419
Cell: 248-730-0451
Fax: (248) 324-9275
Email: karenreeber@NUMBER1EXPERT.com
Real Estate has been my business for over 30 years. I am serious about doing it right! My past success comes from giving each of my clients the loyalty, professionalism and personal care that they deserve. I have received many prestigious awards through the years, but the best awards are the satisfied clients that keep coming back and who continue to send their family and friends for all their real estate needs.

My own family has joined with me over the years to offer the best service available. My youngest daughter got her license 12 years ago. My oldest daughter helps the team with administrative matters. My husband is our "Handy Man" and makes himself available to our clients to help with finishing touches or minor updates/remodeling.

Our team is unique, gracious and willing to do whatever it takes to make you a satisfied client. It has been our pleasure to help people from all walks of life with their real estate needs. Let Team Reeber help you with yours!

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