Traverse City, Leland, Suttons Bay and Elk Rapids real estate and homes for sale in Michigan - Ted Lockwood, REALTOR® Ted Lockwood REALTOR(r) for Traverse City, Leland, Suttons Bay and Elk Rapids real estate, Michigan real estate - NUMBER1EXPERT™ Ted Lockwood NUMBER1EXPERT(tm) for Traverse City, Leland, Suttons Bay and Elk Rapids homes, Michigan real estate
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Ted Lockwood, REALTORŪ, real estate agent and broker for Traverse City, Leland, Suttons Bay and Elk Rapids Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)
All agents are NOT alike! Find out why I am a top real estate expert. Call me: 231-218-5186.







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First Time Homebuyers: Traverse City, Leland, Suttons Bay and Elk Rapids Michigan home buying, real estate listings, and homes for sale in Grand Traverse                 County, MI
Welcome > For Buyers > First Time Homebuyers ...


Buying Your First Home? Realtors Are Your Professional Guides. Make Sure You Choose a Top Expert.
 

You might be a bit afraid or intimidated by the whole process of buying your first home. As a top Traverse City, Leland, Suttons Bay and Elk Rapids real estate expert, it's my job to guide you, from beginning to end. 

I 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 me a bit about your situation below. I'll get right back to you. There is absolutely no charge, and I offer this to you with no strings attached. Please fill out the form below...
 

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Real Estate Tips
Buyers Remorse >First Time Loans

Most first-time buyers can qualify for a mortgage loan, but they may need help from parents to make the down payment or closing costs on their home. There are loan programs that minimize the down payment and closing costs for first-time buyers. These programs usually require that 3 to 5 percent of the purchase price come from the buyers' funds, not from a loan or gift. Most lenders ask for the last three months' bank records. The borrower will be asked to reveal the origin of any large deposits. If the money comes from the homebuyer's parents, the lender may not consider those funds when qualifying the buyers.

Parents who are planning to help their children finance a home should transfer any funds several months before the house-hunting process begins. If it is a loan rather than a gift, a formal re-payment agreement should be drawn up between parents and children to eliminate potential misunderstandings or future complications with either estate.

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Real Estate Trivia
Q 
Where will you find the world's largest indoor waterfall?

A 
The lobby of the International Center in Detroit, Michigan has a waterfall of 114 feet, backed by 9,000 square feet of marble.
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Ted Lockwood, REALTORŪ, real estate agent and broker for Traverse City, Leland, Suttons Bay and Elk Rapids Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

Ted Lockwood
RE/MAX Bayshore Properties, Ltd.

500 South Union Street
Traverse City
MI 49684
231-941-4500
231-218-5186
Fax: 231-941-4595
Email: ted@teddylockwood.com

Ted Lockwood is a lifetime resident of the Grand Traverse area. He knows the area, and he knows real estate. He is easily accessible, just call or email!


RE/MAX Bayshore Properties, Ltd. real estate and homes for sale in Traverse City, Leland, Suttons Bay and Elk Rapids Michigan

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