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Current Selection: All Prices All Types All Locations New Selection Sorted By: Default New Sort
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    New Listing - Knight Hwy $109,000 
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Address:   Knight Hwy    City/ST:   Adrian, MI   Zip Code:   49221  
Location:   Blissfield   Property Type:   Land   New or Resale:   Resale   
Square Footage:   0   MLS#   2012021  

Great place for homestead! 10.01 Acres with pond and pole barn. Adrian Township and Onsted Schools.

Last Updated: 12/21/2009 1:43:18 PM

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Real Estate Tips
First Time Buyers >The Down Payment

Perhaps no single decision in a real estate purchase has more variables than "How much money do I put down?" Conventional wisdom centers around either putting down as much as you can or as little as the lender allows.

If you put down a large payment, you get some leverage with the lender, such as little or no mortgage insurance, a good equity position, and perhaps a preferred mortgage deal. You will also have lower mortgage payments. One potential disadvantage of a large down payment is that you will be using after-tax dollars on which you could be earning interest. You will also have less tax-deductible interest.

When you buy a home with a low down payment, you will have more tax deductible interest, and your investment value percentage will increase faster. You will have little equity at the outset, and your monthly mortgage payments (and perhaps your interest) will be higher. However, you will also keep more of your own money in hand to potentially earn more interest in other investments.

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Real Estate Trivia
Q 
What famous antebellum mansion was known as the "Queen of Tennessee Plantations"?

A 
Belle Meade Plantation was a prosperous 5,400-acre thoroughbred horse farm in the mid 1800's. The Civil War Battle of Nashville was fought in its front yard.
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Jeanee Gilson, REALTOR®, real estate agent and broker for Bedford, Blissfield and Irish Hills, Michigan home listings, property and land for sale - NUMBER1EXPERT

Jeanee Gilson
Key Real Estate

146 Drew Avenue
Deerfield, MI 49238
517-447-3094
Fax: 517-447-3548
jeaneegilson@NUMBER1EXPERT.com

More than a home... It's a lifestyle...


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