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First Time Homebuyers: Novi, Northville and Farmington Hills Michigan home buying, real estate listings, and homes for sale in Wayne County, MI

Welcome > For Buyers > First Time Homebuyers ...

Buying Your First Home? Realtors 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 Novi, Northville and Farmington Hills 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. Please fill out the form below...

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Financing Your Home >Convertible ARMs

Many lenders are offering a type of Adjustable Rate Mortgage which will allow the buyers to convert their ARM to a fixed-rate mortgage without the expense of refinancing. There are several variations of this type of loan, so you should be informed about the various options before you decide on a loan.

Each lender places restrictions on when the ARM can be converted to a fixed-rate loan. Some allow a conversion after the first year of the mortgage, while others allow a change only on the rate adjustment dates. There is usually a fee for converting the mortgage, but it is much less than the cost of refinancing. The rate that you will pay after the conversion may be slightly higher than the going rate for fixed-rate mortgages. A real estate agent can provide you with a list of lenders who offer convertible ARMs, so that you can shop for the one that is best for you.

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Q	What is considered one of the key elements of the American dream?
A	Home ownership is considered to a key to the American dream; more than 2 million first-time buyers bought property last year.
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The Halley Team, REALTORŽ, real estate agents and broker for Novi, Northville and Farmington Hills Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

The Halley Team
RE/MAX 100
26870 Beck Rd.
Novi MI. 48374
Phone: 248-348-3000 ext. 209
Cell: 248-330-4582
Fax: 248-347-1169
Email: HalleyTeam@NUMBER1EXPERT.com
There are many fine individual Real Estate agents, and I believe Im one of them. Having been a top agent in this business for 25 years, I must tell you that no single person can possibly give you what a great team of top producing agents can offer. I am very proud to say that the Halley Team is one of the very best such teams working in Real Estate today. Our office is number one in this area because we have won the trust of hundreds of families who, year after year, refer their friends and relations to us. What makes this so enjoyable for us is the pleasure of working closely with our clients while also working closely with each other. We will take the time necessary to understand your personal interests and needs, and then we will pool our knowledge, our experience and our diverse talents to produce precisely the outcome that you want and deserve.

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