$249,000 :: 29444 GERALDINE, Warren MI, 48093

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3 beds, 2 full, 1 part baths
Home size: 2,575 sq ft
Lot Size: 13,068 sq ft
Added: 02/27/17, Last Updated: 02/28/17
Property Type: Quad-Level, Residential
MLS Number: 21265370
Community: Warren (50023)
Tract: LORRAINE SUB
Status: Active

Remarks to follow

Listed with Real Estate One-Rochester


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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$50,000 :: 8209 MEADOW AVE, Warren MI, 48089

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3 beds, 1 full, 1 part baths
Home size: 924 sq ft
Lot Size: 3,484 sq ft
Added: 02/26/17, Last Updated: 02/27/17
Property Type: 1 1/2 Story, Residential
MLS Number: 21265225
Community: Warren (50023)
Tract: MAPLES
Status: Sold

Nice 3 bedroom bungalow. BATVAI

Listed with Keller Williams Realty-Great Lakes


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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$80,000 :: 25261 Firwood, Warren MI, 48089

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3 beds, 1 full bath
Home size: 864 sq ft
Lot Size: 31,363 sq ft
Added: 02/26/17, Last Updated: 02/26/17
Property Type: 1 Story, Residential
MLS Number: 31313480
Community: Warren (50023)
Tract: Lambrect Farms
Status: Active

A Beautiful Ranch on a Huge Lot Almost 3/4 Acre. 3 BR’S and Attached Garage with Updated Kitchen (All Appliances Stay), Hardwood Floors in Large Living Room. First Floor Laundry. Updates Include Roof 3 Years Old, Windows, Breakers, Boiler Heat with Central Air Conditioning, Shed with Patio in Backyard, Huge, Huge Back and Side Yard, Room for Anything!

Listed with Chaps Realty


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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What You Need to Know Before Buying Mortgage Insurance

(TNS)—If you’re like many borrowers who have less than 20 percent of a home’s value in equity or saved for a down payment, you need to know how mortgage insurance affects the cost of buying a home.

What Is Mortgage Insurance?
Mortgage insurance—also known as private mortgage insurance, or PMI—protects lenders from default on conventional mortgages in cases in which the borrower contributes a down payment of less than 20 percent of the home’s purchase price. PMI is different from homeowners insurance, which protects the home and what’s in it. It’s also different from mortgage protection insurance or mortgage life insurance, which is an insurance policy that pays off the mortgage loan if the borrower passes away. Mortgage insurance is beneficial to both lenders and borrowers. Mortgage insurance lowers a lender’s risk of giving a loan to borrowers with a low down payment. It also benefits the borrower, who, with mortgage insurance, might now qualify for a mortgage he wouldn’t otherwise get approved for.

What You’ll Pay for Mortgage Insurance
The cost of mortgage insurance depends on the type of home loan you have. You could pay anywhere from 0.3 percent to 1.15 percent of your home loan, according to realtor.com®.

Although insurance premium payments usually get paid monthly, you might have the option to pay it up front at closing or roll it into the home loan cost. Check with your lender.

Mortgage Insurance for Different Types of Home Loans
Mortgage insurance programs vary depending on the type of home loan. Generally, mortgage insurance is required when you get a conventional mortgage and put down less than 20 percent, or when you refinance a mortgage and your home equity is less than 20 percent.

Other types of mortgage insurance include:

  • Federal Housing Administration mortgage insurance (mortgage insurance premium): An MIP is required for all FHA loans. All borrowers pay their mortgage premiums directly to the FHA, and premiums are the same for everyone regardless of credit score—though if your down payment is less than 5 percent, you can expect to pay a little more. If you get an FHA loan, budget for both monthly MIP costs as part of your regular payment and an upfront payment included in your closing costs. FHA mortgage insurance rates are usually about 0.625 percent.
  • S. Department of Agriculture home loan insurance: U.S. Department of Agriculture insurance covers USDA home loans. It’s a lot like FHA mortgage insurance but less expensive. USDA home loan insurance requires making a payment both at closing and as part of your monthly payments. You have the option to roll the upfront cost into your mortgage, but if you do this, you’ll increase both your monthly payment and your overall loan cost.
  • VA home loan guarantee: VA loans come with a mortgage guarantee instead of mortgage insurance, but it provides similar benefits. Instead of a monthly mortgage insurance premium, you’ll pay a funding fee upfront. The fee amount varies depending on factors like your military service type, down payment amount, disability eligibility, whether you are purchasing or refinancing, and if you’ve had a previous VA loan.

Alternatives to Mortgage Insurance
Although there are benefits to mortgage insurance, having it adds to the cost of getting a home loan. If you want to cut costs or are ready to get rid of PMI, consider these five alternatives to mortgage insurance.

Pay a higher interest rate.
When financing a home, some lenders might offer the option to avoid PMI by accepting a higher interest rate. If you choose this option, the higher mortgage rate cannot get canceled, so you’ll have to refinance to lower your rate in the future.

Get your home reappraised.
If you believe you now have at least 20 percent equity in your home due to renovations or the rising local property values, get your home reappraised. You might have enough equity to cancel your mortgage insurance, but you’ll have to pay for the appraisal up front.

Get a piggyback loan.
Whether your lender calls them piggyback loans or piggyback mortgages, these home equity loans or credit lines enable borrowers with low down payments to borrow more money. Before applying or signing for one, review the fine print carefully to see if your total monthly cost is actually cheaper than paying for mortgage insurance.

Ask your lender about other programs.
Some lenders offer programs that don’t require mortgage insurance, even with down payments below 20 percent, though you’ll likely have to prove that you have excellent credit to qualify. Before talking to your lender, focus on building your credit history, especially if you or your spouse has bad credit.

Save more for a down payment.
Sometimes it pays to wait and save up or to choose a home that requires a down payment you can afford. If you save 20 percent of the home’s purchase price to use as a down payment, you might qualify for a conventional mortgage without mortgage insurance. A conventional loan comes with a lower interest rate, and you’ll be able to avoid the headache of comparing mortgage insurance rates altogether.

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$1,200 :: 29954 TERRACE CRT, Warren MI, 48093

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3 beds, 1 full, 1 part baths
Home size: 1,585 sq ft
Lot Size: 0 sq ft
Added: 02/23/17, Last Updated: 02/24/17
Property Type: 2 Story, Residential
MLS Number: 21264356
Community: Warren (50023)
Tract: CITY CENTER SQUARE # 05
Status: Active

Beautifully updated, spacious 3 bed, 1 and a half bath condo is ready for your to move in! New carpet and flooring, freshly painted. Huge master bedroom with tons of closet space. Granite throughout kitchen and remodeled baths. Excellent location near city hall, GM Tech Center and highway. 1st month rent, 1.5 month security deposit due at lease signing. Please submit proof of income; work, personal and prior landlord references; and $30 application fee with completed application.

Listed with Real Estate One-Troy


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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$14,000 :: 7552 MEADOW AVE, Warren MI, 48091

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3 beds, 1 full bath
Home size: 1,350 sq ft
Lot Size: 3,920 sq ft
Added: 02/21/17, Last Updated: 02/23/17
Property Type: 1 1/2 Story, Residential
MLS Number: 21263605
Community: Warren (50023)
Tract: PIPER’S VAN DYKE # 09
Status: Active

Cute two story starter home or excellent potential rental investment property. Home won’t last long at the price. Upper unit is currently rented at $425 per month, lower unit is vacant. Please DO NOT DISTURB upper tenant.

Listed with Imagine Home Realty


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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$32,000 :: 21084 LA SALLE BLVD, Warren MI, 48089

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3 beds, 1 full bath
Home size: 980 sq ft
Lot Size: 0 sq ft
Added: 07/25/16, Last Updated: 02/22/17
Property Type: 1 1/2 Story, Residential
MLS Number: 21194700
Community: Warren (50023)
Tract: INVESTMENT PARK
Status: Sold

CURB APPEAL! 3 BEDROOM ALUMINUM BUNGALOW W/ATTRACTIVE STONE TRIM. GOOD LOOKING BAY WINDOW WITH LEDGE IN BRIGHT LIVING ROOM . ALL THE ENTRY ROOMS EXCEPT THE KITCHEN HAVE NEW FLOOR STICKER TILES. KITCHEN HAS LAMINATE FLOOR. UPPER BEDRM CARPET-2015. GARAGE DOOR-2015

Listed with Redding Associates, Inc


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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$59,900 :: 21012 Blackmar, Warren MI, 48091

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3 beds, 1 full, 1 part baths
Home size: 1,000 sq ft
Lot Size: 0 sq ft
Added: 02/20/17, Last Updated: 02/21/17
Property Type: 1 1/2 Story, Residential
MLS Number: 31313092
Community: Warren (50023)
Tract: Ramm and Co’s Mound Park
Status: Active

FULL BRICK BUNGALOW IN ALL BRICK AREA. WALK TO GM POWER PLANT OR CHRYSLER TRUCK PLANT! COMPLETE INTERIOR JUST FRESHLY PAINTED! LOTS OF UPDATES INCLUDES: 3RD FLOOR BR & BATH, CIRCUIT BREAKERS, BATH TUB RE-GLAZED, FURNACE, H20 TANK, REFRIGERATOR ALL IN 2008, BRAND NEW STOVE IN 2015. ALL NEW VINYL WINDOWS WITH TRANSFERABLE WARRANTY IN 2010. UPPER BR FEATURES 1/2 BATH & SITTING ROOM. FENCED YARD, PART WITH PRIVACY FENCE.

Listed with Real Estate One-Clinton


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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$750 :: 11068 STUDEBAKER AVE, Warren MI, 48089

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2 beds, 1 full bath
Home size: 672 sq ft
Lot Size: 4,356 sq ft
Added: 02/14/17, Last Updated: 02/20/17
Property Type: 1 Story, Residential
MLS Number: 21261451
Community: Warren (50023)
Tract: MORANDS VAN DYKE
Status: Active

Cute 2 bedroom… updated kitchen… pet negotiable… Don’t miss out…

Listed with Real Living Kee Realty


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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$35,600 :: 12491 VERNON AVE, Warren MI, 48089

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2 beds, 1 full bath
Home size: 774 sq ft
Lot Size: 4,356 sq ft
Added: 02/17/17, Last Updated: 02/19/17
Property Type: 1 Story, Residential
MLS Number: 21262750
Community: Warren (50023)
Tract: ARLINGTON MANOR
Status: Active

Own your very own rental! 2 bedroom ranch on a crawl. 2 car detached garage and great yard! Tenant occupied, no showings until accepted offer.

Listed with Keller Williams Realty-Great Lakes


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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