HOW TO RENT A LOVELY HOME rather than a Small Apartment!
By Lola Audu, Audu Real Estate~Grand Rapids, MI ~Welcome Home!
(Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate)
Yes, That's right, the Grand Rapids Multiple Listing Service has Just Added a Brand New Category to their On-line Profile for real estate agents. Your Realtor can now search for Homes on-Line that are available for Rent, Lease to Purchase Options AND Land Contracts!This has happened in response to the market conditions in our area. It All started with the ARM craze...short mortgagease for Adjustable Rate Mortgages. Since the year 2000 there has been a 25% increase in the number of homes financed through Adjustable Rate Mortgages according to the Mortgage Bankers Association. Most of these mortgages were set to adjust between 2-5 years. Subsequently, we are seeing the "first wave" of sometimes pretty hefty increases in mortgage payments and this will continue for the next 2-3 years...