Sean Perry Loan Officer NMLS 2113869

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Pontiac, MI
Sean Perry Loan Officer NMLS 2113869

Loan Officer | NMLS #2113869
In the mortgage industry since 2015. I work with mortgage brokers in facilitating loans

I focus on building real relationships through honest guidance and clear communication—so you always feel confident, informed, and supported, every step of the way.

09/08/2026

Offer accepted… then the appraisal comes in below the agreed price. What now? 😬

First, don’t panic. A low appraisal does NOT automatically kill the deal: and it does not mean you failed as a buyer.

An appraisal is an independent estimate of a home’s value, ordered by the lender. When it comes in below the contract price, the difference is called an appraisal gap.

In a fast Mid-Michigan market where homes average around 7 days on market, appraisal gaps are becoming more common. Your practical options may include:

1️⃣ Renegotiate with the seller. The seller may lower the price, or both sides may meet in the middle.

2️⃣ Bring extra cash. You may choose to cover part or all of the gap, if your finances allow.

3️⃣ Challenge the appraisal. If recent comparable sales support a higher value, your lender may be able to request a reconsideration.

4️⃣ Walk away. If your purchase agreement includes an appraisal contingency, you may have options to cancel or renegotiate without losing your earnest money: but review the specific terms carefully.

The key: a low appraisal is a negotiation point, not an automatic dead end.

Want to talk through your options? Message Sean at (586) 630-2682 or visit michiganmortgagepro.com.

Loan terms, property values, and outcomes vary. Review your specific purchase agreement with your real estate and lending professionals.

09/04/2026

Thinking about a land contract to buy a Michigan home? Before you sign, make sure you understand what you’re agreeing to.

A land contract is seller financing: you typically make a down payment and installment payments directly to the seller. However, you may not receive legal title until the contract is fully paid off.

Important questions to ask:
• Is there a balloon payment due later?
• Are added fees or higher costs included?
• Who is responsible for repairs, taxes, insurance, and maintenance?
• What protections do you have compared with a traditional mortgage?
• What happens to your invested equity if you miss payments?

Land contracts can work in some situations, and not every agreement is predatory. But the terms can vary significantly. Before signing, have the agreement reviewed by a qualified real-estate attorney and compare traditional mortgage or broker-arranged financing options first.

We can help you understand which financing paths may be worth exploring: simply, smartly, and with no pressure.

Let’s chat: Sean, (586) 630-2682
michiganmortgagepro.com

Source: Straight Arrow, Aug. 31, 2026, summarizing Pew research.

Disclaimer: This is general educational information, not legal advice. Terms, risks, and legal protections vary. Seek independent legal advice before signing a land contract.

09/03/2026

Thinking about buying a condo in Oakland, Macomb, or Wayne County? Before you make an offer, remember this: qualifying for a mortgage isn’t only about your credit, income, and down payment. The condo project and HOA may need review, too. 🏢

For many conventional loans, lenders may evaluate:

1. HOA reserves and the overall budget
2. Master insurance coverage
3. Owner-occupancy levels
4. Delinquent HOA dues
5. Pending litigation
6. Deferred maintenance or major repairs

These factors can affect financing eligibility, the time needed for review, and which loan options may be available. That does NOT mean every condo will be rejected: and requirements are not identical across loan programs or lenders.

Before submitting an offer, ask for the HOA documents and have the right professionals review them. A little due diligence upfront can help you avoid surprises later.

Buying a Michigan condo? Let’s take a Simple, Smart, Savvy look at your options.

Sean: (586) 630-2682
michiganmortgagepro.com

Requirements, eligibility, property standards, and loan terms vary by program and lender.

09/02/2026

Could down payment assistance help make buying in Pontiac or Detroit more manageable? Possibly: but these are separate, city-specific programs administered by National Faith Homebuyers, not Michigan Mortgage Pro’s program.

Pontiac: Eligible first-time buyers purchasing inside the City of Pontiac may qualify for up to $20,000 toward down payment and approved closing costs. Requirements may include household income at or below 80% AMI, assets of $20,000 or less, homebuyer education, and compliance with affordability-period and lien rules.

Detroit: Eligible buyers may qualify for up to $25,000 toward down payment and approved costs. Requirements generally include 12 months of Detroit residency: or a qualifying property-tax-foreclosure exception: no homeownership in the past 3 years, income within program limits, homebuyer education, lender pre-qualification, a signed purchase agreement, and other city requirements.

Important: Assistance is not automatic. Funding, eligibility, documentation, property requirements, and terms can change. Verify current details directly with National Faith Homebuyers and the City of Pontiac or City of Detroit.

Michigan Mortgage Pro can help you understand your financing options and prepare for the process: but we do not administer or guarantee these programs.

Questions? Contact Sean at (586) 630-2682 or visit michiganmortgagepro.com.

Simple. Smart. Savvy.

09/01/2026

Did a Detroit-area listing just get a price cut? That may be worth a closer look: but it is not automatic proof that you found a bargain. 👀

A reduction can reflect:
• An originally overambitious price
• Deferred maintenance or condition concerns
• Location-specific challenges
• Seller timing or motivation
• Changing buyer demand

The July 2026 Realtor.com Detroit Market Report shows 10,694 active listings, up 13.2% year over year. The median list price was $275,000, down 1.8%, and 19% of listings had price reductions. Median days on market was 39: still faster than the national median of 57 days. New listings were also up 5.2%.

Before calling it a deal, ask:
1. What have comparable homes actually sold for recently?
2. What does the inspection reveal about condition and repairs?
3. How do taxes, insurance, and HOA costs affect the total monthly payment?
4. Why did the price change?
5. Does the full monthly cost fit your budget: not just the list price?

Simple, Smart, Savvy homebuying means looking beyond the headline. Want help reviewing the numbers on a Detroit or Metro Detroit home? Let’s chat.

Sean: (586) 630-2682
Source: Realtor.com Detroit Market Report, July 2026

08/31/2026

What if fall: not spring or summer: is your best chance to buy with less competition? 🍂

After August, Michigan listings often drop off. That can mean:

• Fewer competing buyers
• Sellers with real timing needs, like lease ends or job moves
• More room for thoughtful negotiations

The trade-off? Sale-to-list ratios may be slightly softer, giving prepared buyers a little more breathing room: but every market and property is different.

The smart move is to prepare without pressure:

Know your budget. Get pre-approved. Watch the listings. Be ready when the right home appears.

Simple. Smart. Savvy.

Thinking about buying in Michigan this fall? Let’s talk through your options.

Sean: (586) 630-2682
michiganmortgagepro.com

08/28/2026

Wondering if Southwest Michigan might finally give buyers a little more breathing room? 🏡

Inventory is up 28% year over year across Berrien, Allegan, Cass, and Van Buren counties : creating more choices and more room for thoughtful negotiation.

Here’s the reality:
✅ Approximately 6.4 months of supply
✅ Prices are holding steady
✅ June recorded the highest monthly sales total of the year, with 302 homes sold
✅ Distressed sales remain under 2% of sales

That points to a healthier, more balanced market : not a market crash and not a reason to panic-buy. It may simply be your opportunity to shop with less bidding-war pressure and more time to make a smart decision.

Of course, conditions can vary by county, neighborhood, property type, and price range. The right strategy starts with understanding YOUR local market and financial goals.

Want to see what your options look like? Let’s talk.

Sean: (586) 630-2682
michiganmortgagepro.com

Source: Herald-Palladium and Southwest Michigan Regional Chamber / Realtor report, August 2026.

08/27/2026

Thinking about buying in Michigan this fall? The best time to prepare is before the right home appears: not when you’re already competing for it. 🏡

Use August and September to get Simple, Smart, and Savvy:

✅ Review your credit and monthly budget
✅ Gather income and asset documents
✅ Determine cash needed for your down payment and closing costs
✅ Get pre-approved so you understand your buying range
✅ Ask what your pre-approval does: and does not: guarantee

A pre-approval is an initial lender assessment based on the information and documents reviewed. It can help you shop with clearer expectations, but it is not a guarantee of final approval, a guaranteed rate, or an accepted offer.

Preparation isn’t pressure. It’s a way to feel more confident and make informed decisions when the fall market gets busier.

Want to review your next steps? Call or text Sean at (586) 630-2682.

Eligibility, terms, and approval depend on the borrower’s complete financial profile, property details, and applicable loan requirements.

08/26/2026

Wondering how a 2/1 temporary rate buydown could affect your Michigan home payment? Here’s the simple version:

• Year 1: The payment is based on an interest rate 2 percentage points below the full note rate.
• Year 2: The payment is based on a rate 1 percentage point below the full note rate.
• Year 3 and beyond: The payment returns to the full note rate.

The subsidy may be funded by the seller, builder, or buyer. Important: loan approval and qualification are generally based on the full note rate: not the temporarily reduced payment.

A 2/1 buydown is temporary payment assistance, not a permanent rate reduction. It also doesn’t automatically make a home affordable, so make sure the year-3 payment fits your budget.

Before accepting one, ask:
1. Who is funding the buydown?
2. What happens if I sell or refinance early?
3. Does the seller concession fit within program limits?
4. What will my payment become in year 3?

Eligibility, terms, costs, and availability vary. Want to see how the numbers may work for your situation? Let’s talk.

Sean | Michigan Mortgage Pro
(586) 630-2682

08/25/2026

Seeing more homes for sale in Southwest Michigan? That does NOT automatically mean prices are crashing. 🏡

June brought the region’s highest monthly home sales of 2026:

610 homes sold : up 20% year over year
1,628 homes available : up 16%
Median price: $312,000 : up 2%
About 2.5 months of supply

The takeaway? Buyers have more choices and may have more room to compare homes and negotiate thoughtfully. But don’t assume every seller will accept a major discount. Demand is still holding up, and the average selling price was relatively steady at $332,500, down just 1% from June 2025.

Local conditions can vary by city, property type, and neighborhood. The smartest move is to look beyond the headlines and evaluate the specific home, price, condition, and overall value.

Want to talk through what the Southwest Michigan market could mean for your home search? Call Sean at (586) 630-2682.

Source: Herald-Palladium / Southwestern Michigan Association of Realtors

Address

235 N Groesbeck Highway Suite 300
Pontiac, MI
48043

Website

https://michiganmortgagepro.com/, https://2566773.my1003app.com/2113869/register?time=1771355165774

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