Ferris Student Home Buying 101
By Randy Ostrander, Real Estate Broker, Serving Big Rapids and West Central MI
(Lake and Lodge Realty LLC )
Twice a year in our area we get a rush of students that would rather build equity in a house than pay rent. While that is some great thinking it's not for everyone and not as easy as one would think. First there are the University rules. You should always start there and see if you qualify to live off campus. If you do, the next step is chat with a lender. Actually that should read "chat with several lenders". There are so many programs out there when house hunting to get the most up to date info try two or three different banks and see what options you have. Now we have an idea of how much house to look for we need to find a great Realtor®. Couple things to watch for when picking an agent. First, make sure they are FULL TIME. Nothing is more frustrating than waiting for your agent to g...
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