Tyler Seamans Mortgage Loan Officer

08/09/2024

I was shocked to see the average downpayment increase from 5% to 14% 🤯

What shocked you the most??

06/17/2024

CONGRATULATIONS to Austin Darket and Elise Darket on their absolute stunner of a home in Nashville. What a BIG year for you guys! So excited to see your family grow and I’m thankful for you both.

Shoutout to Stephanie Martin Aycock for making this a smooth transaction. Anyone looking in the Nashville area, you’d be doing yourself a disservice not hiring her! She’s great!

As always, if you’re looking to buy this summer or simply have questions on the ever-changing market, DM or call me!

05/11/2024

Huge congrats to Sukhjit on his new beautiful home! Special thank you to Abdul Aziz and Emily Tyzo of Coldwell Banker and Alex Janik at Best Homes Title for the exceptional job.

If you’re in the market or have questions on how to get your finances in order, DM or call me!

02/10/2024

Congratulations to this awesome couple I had the pleasure helping, Steven Helzer and Kate Helzer on their new home purchase.

Big shoutout to Nate Wieczorek for making the whole transaction a breeze.

Contact me for your lending needs or questions on how to get started!

10/18/2022

There has never been a bear market in equities that has ended with the Fed raising rates into an inverted yield curve. The next bull market will have to wait not only until the Fed stops rate hiking and pivots, but eases policy enough to see the yield curve revert to normal.

07/22/2022

"Marry the Home, Date the Rate"

What does this mean?

The average homeowner stays in their home for 13 years. While the average mortgage lasts for about 5 years. Homeowners can refinance as many times as you want for a few reasons (cash-out from equity, term adjustment and especially a better rate.) Does it cost money to refinance? Sure it does, so does signing a new lease. We saw more than 18 million homes refinanced last year out of the 80 million homes that had a mortgage in the US.

Don't get the notion that you're being left behind when it comes to buying a home because rates aren't where you'd like them to be.
Get that house you want, responsibly of course. And as time progresses and rates improve, shop for a better interest rate, use that equity or change the term. Buying a home doesn't have to be a one and done deal that lasts forever.

Feel free to leave a comment or reach out with questions and have a blessed day!

07/01/2022

Per CNBC, According to Freddie Mac, mortgage data going back to 1971, the long-term average for 30-year mortgage rates is just under 8%, with the record-high average reaching a whopping 16.64% in 1981. All in all, in context, today’s 30-year 5.81% rate still falls below the historical average rate.

If you’re looking to buy a new home, now is likely a better time to lock in a lower rate compared to what you may be able to get in the future.

For the next 5 years, home prices are expected to to continue rising. So why wait for higher home prices with a potential of losing out on building equity? There's always the opportunity to refinance down the road with affordable refinance options.

Contact me for more details on how you can take advantage of the now.

06/10/2022

Great quick read about the benefits of building your next home and why it makes more sense to do your lending with Michigan First!

Construction Loans allow home buyers to customize their home by combining construction costs and a permanent mortgage into one loan. Here's 3 ways we make it easy!

06/07/2022

Fun Fact of the Day:

Did you know that the average homeowner has a net worth that is roughly 40 times greater than that of a renter? According to the National Association of Realtors, the average homeowner's net worth ranged from 150-200k, while renter's average net worth was around 5k.

Renting will always build wealth for others. When you own a home, you're building worth into something tangible for you and your family.
If you're interested in building wealth, contact me directly as I'm happy to explore your options with you!

05/31/2022

In the past 2 weeks, there was a 9% increase in homes listed for sale. What does this mean? My analysis with the ongoing stigma of a "housing bubble" most people want the most in return for the sale of their homes before "it's too late". Right now, people selling have the fear of missing out on maximizing their homes return at the all time high of the market. When we see this uptick, often times it's already past the high.

In return, what does this do for people looking to buy a home? It allows you, the home buyer to have less competition due to supply and demand decrease. It alleviates the outrageous bidding wars that have gone on the past year. And lastly, it will save you dollars on your purchase by not having to constantly offer over asking price.

More homes on the market gives you more options, fewer competitive offers and in return, saves you money.

Any questions, as always feel free to message me and/or comment.

05/03/2022

Interest Rate Vs Annual Percentage Rate (APR)

What are they and why do I need to know the difference?

-Interest Rate (in most cases, the advertised rate) Is strictly the cost of borrowing principal. This does NOT include fees and costs of the loan.

-Annual Percentage Rate is the calculation of borrowing costs in ADDITION to fees and other costs for the loan charged by the lender.

Think of it this way, your interest rate is the 'price tag', and the APR is the 'receipt' for your loan. So to answer this debate is, the APR is the more vital rate you should consider paying attention to when borrowing money. If there is a sizeable gap between your Interest Rate and your APR, you're being charged that much more for your loan.

Hopefully you can use this tip when considering your next lender. And as always, please consider reaching out to me for your home lending needs!

04/26/2022

What local home builders have you used or referred your family and friends to? Are you currently living in the home built by them? What are some key points that stick out to you that they have done better than the competition?

Leave your thoughts and opinions in a comment below! I'd love to hear everyone's feedback. Thank you!