Northern Michigan Real Estate – Feature Shark Tank Star Advice

Shark Tank Star Urges Homeowners: “Take Advantage of the Cheap Money!”
• April 6, 2016
Star of the hit TV show Shark Tank, real estate expert Barbara Corcoran shares 3 crucial rules on how

Shark Tank Star Urges Homeowners: “Take Advantage of the Cheap Money!”
• April 6, 2016
RebStar of the hit TV show Shark Tank, real estate expert Barbara Corcoran shares 3 crucial rules on how homeowners can save thousands of dollars and pay off their mortgage faster — just by taking advantage of today’s “ridiculously low interest rate.”1

1. “Not shopping the market…is like giving money away”
Did you know 70% of homeowners2 get all their mortgage information from their current lender? Big mistake. If you don’t shop around, you won’t know if you’re getting the best rate — and you won’t know if you qualify for a brilliant government program called the Home Affordable Refinance Plan (HARP).3
Even though 3.38 million mortgages have been refinanced through HARP, hundreds of thousands of homeowners are still eligible for this free government program,4 which could help you save as much as $3,500 in the first year alone.5
URGENT: HARP is set to expire this year, and sadly, many still perceive this program to be too good to be true. Remember, there is NO cost to see if you qualify for this amazing government program. 
See if you qualify >>

  1. “If you don’t take advantage of the market now, when will you?”
    Even though The Fed raised rates in late 2015, mortgage rates have been dropping for 4 weeks in a row and today’s rates are even lower than they were one year ago.6 What does this mean for people like you? According to Corcoran, it means that now is the time for homeowners to “take advantage of this cheap money.”7
  2. “The sooner is always the better”
    These rates are still at near historic lows for now, but no one knows when the rates will rise – or by how much. So while it’s estimated that millions of homeowners can still save by refinancing, they have to act fast. HARP is not expected to be extended again,4 so you can’t afford to wait. If you want to get the “ridiculous low interest rate” that Corcoran talks about, you have to act now.
    How to Get Started
    To cut through the clutter, Barbara Corcoran suggests that a great place to start is online, at The Easy Loan Site.4
    Its network of lenders is one of the largest in the nation, and includes many HARP lenders. Plus, it enables you to save time and money by letting you compare multiple lenders at once. It’s a risk-free way to find out how much you could save, and the service is 100% free.*
Sleeping Bear Area
Real Estate 

can save thousands of dollars and pay off their mortgage faster — just by taking advantage of today’s “ridiculously low interest rate.”1

1. “Not shopping the market…is like giving money away”
Did you know 70% of homeowners2 get all their mortgage information from their current lender? Big mistake. If you don’t shop around, you won’t know if you’re getting the best rate — and you won’t know if you qualify for a brilliant government program called the Home Affordable Refinance Plan (HARP).3
Even though 3.38 million mortgages have been refinanced through HARP, hundreds of thousands of homeowners are still eligible for this free government program,4 which could help you save as much as $3,500 in the first year alone.5
URGENT: HARP is set to expire this year, and sadly, many still perceive this program to be too good to be true. Remember, there is NO cost to see if you qualify for this amazing government program. 
See if you qualify >>

  1. “If you don’t take advantage of the market now, when will you?”
    Even though The Fed raised rates in late 2015, mortgage rates have been dropping for 4 weeks in a row and today’s rates are even lower than they were one year ago.6 What does this mean for people like you? According to Corcoran, it means that now is the time for homeowners to “take advantage of this cheap money.”7
  2. “The sooner is always the better”
    These rates are still at near historic lows for now, but no one knows when the rates will rise – or by how much. So while it’s estimated that millions of homeowners can still save by refinancing, they have to act fast. HARP is not expected to be extended again,4 so you can’t afford to wait. If you want to get the “ridiculous low interest rate” that Corcoran talks about, you have to act now.
    How to Get Started
    To cut through the clutter, Barbara Corcoran suggests that a great place to start is online, at The Easy Loan Site.4
    Its network of lenders is one of the largest in the nation, and includes many HARP lenders. Plus, it enables you to save time and money by letting you compare multiple lenders at once. It’s a risk-free way to find out how much you could save, and the service is 100% free.*

Waterfront properties in Leelanau and Benzie Counties Sleeping Bear Dunes

Waterfront Properties in Sleeping Bear Dunes Area

Search various lakes in the area and villages.

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Empire Bluff / Sleeping Bear

Property Tax Assessments

Property Tax Assessments in Michigan 2016

Based on Current law did you know your homes taxable value in Michigan can increase each year by either the rate of inflation or 5% whichever is lower?

How to appeal your property assessment:

  1. Obtain a Copy of your property tax worksheet or appraisal card.
  2. Check worksheet for errors.
  3. 2016 taxable value not to have an increase that exceeded .3 percent
  4. Inspect your home. You can get repair estimates and photo of structural damage and defects
  5. Changes in the Neighborhood. Characteristics of your neighborhood have changed.
  6. Recent purchased or refinanced your home. Determine whether your purchase price or your appraisal is lower than two times your SEV
  7. Inform assessor about any personal property included in the sale price …detailed in purchase agreement.
  8. Compare your home to similar homes in the area that have sold.
  9. Submit an appeal to the local board.
  10. If still not satisfied you can write a letter or petition to Michigan Tax Tribunal, P.O  Box 30232, Lansing Mi 48909.  Forms available @www.michigan.gov/taxtrib.
  11. Contact the tribunal at 517-636-7551 for petition requirements.  Info from Ray Franz newsletter.

Property Tax Definitions

Taxable Value:  the value your taxes are based.  Taxable value not to exceed SEV and can not go up more than the rate of inflation or 5% whichever is less.

True Cash Value TCV :  The actual value of your home, as determined by the local assessor.

State Equalized Value SEV:  50% of the actual value of your home.