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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 734-717-7609.

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About the Ann Arbor, Ypsilanti and Saline, Michigan Area 

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Real Estate Tips
Interest Rates >Second Home Financing

You have returned every year to your favorite vacation area, and have finally decided to buy a second home in the special place where you enjoy your holidays. It is an excellent time to apply for a mortgage loan to make your purchase.

The climate for second home mortgages is the most favorable in years. Low interest rates and a recovering economy have attracted more buyers than ever before to purchase a second home for investment and vacation purposes. Many homeowners with a strong credit history have been able to qualify for a home equity loan at excellent rates, and have used their equity cash for down payment and closing costs on a second home.

Lending institutions are offering a wide range of affordable home loans. The rule of thumb is that a buyer can qualify for a loan amount based on 28 percent of their gross income. Often repeat buyers discover that they can borrow more than they assumed possible.

If you wish to take advantage of today's reasonable interest rates to purchase a second home, consult a real estate professional who can help to make your dream a reality.

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Real Estate Trivia
Q 
Where and when was the first motel introduced on the American commercial real estate scene?

A 
The first motel, appropriately named the "Motel Inn", opened in San Luis Obispo in 1925.
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The Yeh Group, REALTOR®, real estate agent and broker for Ann Arbor, Ypsilanti and Saline, Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

Julia Yeh
The Yeh Group

Edward Surovell Realtors
1898 West Stadium Boulevard
Ann Arbor, MI 48103
Phone: 734-717-7609
Office: 734-761-6600
Fax: 734-661-4040
Julia@TheYehGroup.com

When one of your biggest investments is at stake, don't settle for less. Experience, integrity, and service count! We take pride in getting our buyers and sellers the results they want. We educate them on the current market conditions so they can make good decisions. All our clients have had wonderful success in their real estate endeavors, and that is why our business is based on an 90% referral rate. Please feel free to contact us anytime, as we are always available to answer questions. Browse our website for special offers only our visitors benefit from.

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