Month: April 2015

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Advisors Capital of Novi finds mortgage loan niche, forecasts positive outlook for buyer.

Advisors Capital, Inc., found a niche providing tailor-made residential mortgage services. The company, which formed in 2012, offers first and second mortgages.

“We are set up as a lender, we underwrite the loans. After closing, we sell to an individual lender that services the mortgage. We may sell to a larger mortgage company or a credit union or bank,” said John Wright, a vice president for Advisors Capital. The company provides flexibility for many different products with the ability to shop rates for the consumer.

“We’re looking at many different banks, we can shop around for the best products and the best ineterest rates,” said Wright.

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Should You Take Real Estate News Into Account When Buying?

In the past year, real estate news has been all over the map. One day it’s a seller’s market with bidding wars and record low interest rates. The next, we read stories about a cooling market and climbing interest rates.

With constantly changing information, how much weight should you give the latest news when approaching a real estate transaction? Is now the right time to buy, or should you wait? Will there be another bust? Did you miss the market bottom?
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