Southfield, MI – A workshop designed to prepare first time home buyers was held in Southfield. Mark Goedert from Goedert Real Estate joined the panel of speakers and answered questions about financing.
Participants learned the differences between adjustable-rate mortgages and fixed-rate mortgages and what make each loan type favorable to different buyers. “The adjustable rate mortgage often has a low introductory interest rate, making it the favorable choice to the home buyer who plans to stay less than 5 years before selling the home,” said Goedert. “The fixed-rate mortgage is usually the wise choice for those who feel they will be staying in the home for a longer period of time.”
Mark also discussed hybrid loans and loans with balloon payments. He also offered solutions to those who thought they may not be able to qualify for a conventional mortgage. “There are US Government loan programs like FHA and VA with lower qualifying ratios that often require only small or no down payment.” Read more about first time home financing at http://firsttimehomebuyerresourcesadrian.blogspot.com/
Mark Goedert of Goedert Real Estate has been in business for over 50 years, working with first time home buyers, real estate investors and developers. As a long standing business in Michigan, the company has been through many changes as they utilize technology to stay on the leading edge of real estate. Find buyer tips and property listings at http://www.under100000realestate.com/
Contact:
Mark Goedert
1324 N. Main
Adrian, MI 49221
517-403-1603
markgoedert@
This press release was submitted by Right Now Marketing Group, LLC
