Sean Perry Loan Officer NMLS 2113869

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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.

What can a slower housing market actually buy you in Michigan? 👀More negotiating power, not necessarily falling prices.Z...
10/08/2026

What can a slower housing market actually buy you in Michigan? 👀

More negotiating power, not necessarily falling prices.

Zillow’s September 2026 Market Report, published October 6, shows newly pending sales down 8.5% year over year. Price cuts rose to 27.4%, homes took a median 29 days to go pending, and active inventory increased 2.5%.

Detroit is showing the same shift:
• Typical home value: $264,838, up 1.5%
• Inventory: up 6.6%
• Sales: down 7.7%

That slower pace can give a prepared buyer more room to put better terms in writing, such as:
• Longer inspection and appraisal windows
• Repair requests
• Seller-paid closing cost credits
• A rate buydown request
• A longer closing timeline
• Less pressure to waive contingencies

Here’s the honest limit: negotiating leverage does not fix elevated interest rates. Sellers with older, low-rate mortgages may still avoid deep discounts. That’s why values look mostly flat, not like they’re dropping sharply.

The SIMPLE, SMART, SAVVY play is to negotiate the terms and structure of the loan, not simply wait for prices to fall.

Want to talk through your options? Message Sean or call (586) 630-2682.

michiganmortgagepro.com

Equal Housing Opportunity
Fair Housing Statement: We do business in accordance with the Federal Fair Housing Act.
Sean Perry | NMLS #2113869
Michigan Mortgage Pro | NMLS #2566773

Source: Zillow September 2026 Market Report, published October 6, 2026.

Are DSCR loans getting more competitive? Yes, and that’s good news for Michigan real estate investors. 🏘️DSCR stands for...
10/07/2026

Are DSCR loans getting more competitive? Yes, and that’s good news for Michigan real estate investors. 🏘️

DSCR stands for Debt Service Coverage Ratio. The basic calculation is:

Gross monthly rent ÷ PITIA

PITIA includes principal, interest, taxes, insurance, and HOA dues when applicable. A 1.0 ratio means the rent covers the property’s housing payment. Above 1.0 means rent exceeds it.

Unlike many traditional loans, DSCR qualification generally focuses on the property’s income and the deal, not W-2 income or tax returns. That can be useful for self-employed investors, borrowers with complex tax returns, and investors with multiple properties.

What’s changing?
• Conventional and non-QM lenders are expanding in DSCR lending.
• More lenders mean more guidelines and options to compare.
• Increased competition has narrowed the gap between DSCR and conventional pricing.

But here’s the important part: deal sizing matters more than the headline rate. When rates change, the property payment changes, and so does the DSCR. A deal that works at one payment may not work at another.

Common requirements may include a DSCR around 1.0 (some lenders go lower), stronger credit, 20–25%+ down, reserves, documented rental income, and possible prepayment penalties. Guidelines vary by lender, property, and borrower. Approval is not guaranteed.

Want to compare options for a Michigan investment property? Contact Sean Perry at (586) 630-2682 or visit michiganmortgagepro.com.

Sean Perry | NMLS #2113869
Michigan Mortgage Pro | NMLS #2566773
Equal Housing Opportunity.
We do business in accordance with the Federal Fair Housing Act.

General education only, not investment, tax, or legal advice.

Could the right home come with yesterday’s mortgage rate? 👀With 30-year rates near 7.5%, some Michigan buyers may be ove...
10/06/2026

Could the right home come with yesterday’s mortgage rate? 👀

With 30-year rates near 7.5%, some Michigan buyers may be overlooking an important option: an assumable mortgage.

FHA, VA, and USDA loans are generally assumable. That means an approved buyer may be able to take over the seller’s existing loan rate and remaining term instead of financing the full purchase at today’s rate.

But here’s the part many headlines miss:

• Conventional loans are mostly NOT assumable.
• The buyer typically must cover the equity gap between the purchase price and the seller’s remaining loan balance, with cash or secondary financing.
• With a VA loan, the seller’s VA entitlement generally remains tied up until the loan is paid off, unless specific requirements are met.
• Servicer approval, eligibility rules, documentation, and timelines vary.

An assumable loan can be worth exploring, but approval and savings are never guaranteed. The “3% mortgage” only helps if the numbers, equity gap, financing structure, and timeline work for YOU.

Thinking about buying in Michigan or feeling priced out by today’s rates? Call or text Sean at (586) 630-2682, or visit michiganmortgagepro.com. We can help you understand the options: simply, smartly, and without the hype.

General education only, not financial advice. Equal Housing Opportunity. Sean Perry, NMLS #2113869. Michigan Mortgage Pro, NMLS #2566773.

Rates near 7.5% can feel like a reason to pause. But here’s the Michigan buyer takeaway: this is a time for a plan, not ...
10/05/2026

Rates near 7.5% can feel like a reason to pause. But here’s the Michigan buyer takeaway: this is a time for a plan, not a prediction. 🏠

By Freddie Mac’s measure, 30-year mortgage rates recently reached their highest level since November 2023, marking a fifth straight weekly increase.

What should you do?

1. Know your real payment range, not just a headline rate.
2. Lock when the payment works for YOU, based on your goals and loan details.
3. Ask about buydowns and seller credits that may be available in your transaction.
4. Check what your dollar actually buys today. Your budget, price range, cash position, and loan program all matter.

No rate predictions. No promises. Just clear information to help you make a confident decision.

Want to review your options? Message us or call Sean at (586) 630-2682. Visit michiganmortgagepro.com.

General education only, not a rate quote, loan offer, approval, or promise of savings. Rates, terms, payments, and eligibility vary.

Equal Housing Opportunity. Michigan Mortgage Pro supports fair housing and complies with applicable fair housing laws. Housing opportunities are available without regard to race, color, religion, s*x, handicap/disability, familial status, or national origin.

Sean Perry, NMLS #2113869
Michigan Mortgage Pro, NMLS #2566773

Honoring Our Teachers on World Teachers’ DayTeachers shape tomorrow’s leaders and tomorrow’s homeowners. At Michigan Mor...
10/02/2026

Honoring Our Teachers on World Teachers’ Day

Teachers shape tomorrow’s leaders and tomorrow’s homeowners. At Michigan Mortgage Pro, we honor the educators who show up every day with commitment, patience, and passion. Their work builds confident young people who grow into independent adults, contributors to their communities, and families ready to build a life under their own roof called home.

Through education, financial literacy, and mentorship, teachers invest in others. They help students understand the world, navigate challenges, and believe in their own potential. That foundation is the first step toward financial independence, stability, and the ability to create a home of their own.

To every teacher: Thank you for your dedication. Thank you for your impact. Thank you for shaping futures, strengthening communities, and inspiring the next generation of leaders.

Michigan Mortgage Pro proudly supports educators and the lifelong value they bring to families in every community.

Sean Perry, NMLS # 2113869
Cell (586) 630-2682 | Office (586) 867-5309
[email protected]
Apply with Sean: https://2566773.my1003app.com/2113869/register?time=1771608710617

Michigan Mortgage Pro | NMLS # 2566773 | Equal Housing Opportunity.

What does Detroit’s economy have to do with your housing payment? More than most headlines mention. 🏭At the Detroit Econ...
10/02/2026

What does Detroit’s economy have to do with your housing payment? More than most headlines mention. 🏭

At the Detroit Economic Club, Federal Reserve Governor Michael S. Barr pointed to a reality Michigan buyers should take seriously:

• Detroit-area unemployment is estimated around 11%, compared with 5% statewide and 4.1% nationally.
• The Detroit metro has 12% of all U.S. auto assembly and auto parts jobs, making our region especially exposed to rate-sensitive manufacturing.
• At the same time, EV and battery investment, engineering jobs, and new business formation are creating real opportunities locally.

This is not a rate prediction. Fed officials have offered different views, and nobody can predict the next move.

The smarter question is: how much payment risk can YOUR household actually carry?

✓ Budget using the full payment: principal, interest, taxes, insurance, mortgage insurance and HOA dues when applicable.
✓ Stress-test it: would the payment still work if refinancing takes longer than expected?
✓ Keep reserves for repairs, escrow changes and emergencies instead of using every dollar for the down payment.

If your income is tied to auto, manufacturing or another cyclical industry, a more conservative payment can be a form of protection. A loan you can afford today is better than a payment that strains you while waiting for rates to change.

This is general education, not financial, career or investment advice. Let’s run through your numbers. Call Sean Perry at (586) 630-2682 or visit michiganmortgagepro.com.

We do business in accordance with the Fair Housing Act. Sean Perry | NMLS #2113869. Michigan Mortgage Pro | NMLS #2566773. Equal Housing Opportunity.

1 in 5 listings had a price reduction last month. That may be your opening, not the finish line. 👀According to Realtor.c...
09/30/2026

1 in 5 listings had a price reduction last month. That may be your opening, not the finish line. 👀

According to Realtor.com’s September 2026 Housing Report, 20.8% of active U.S. listings had a price reduction. The highest September reading since 2018. Inventory was also up 5.4% year over year. Michigan conditions vary, but the takeaway is clear: buyers may have more room to negotiate.

When a home is marked “price reduced,” ask about:

1) Seller-paid closing cost credits to reduce the cash you need at closing.

2) A permanent rate buydown using discount points, which can reduce the interest rate for the life of the loan.

3) A temporary 2/1 buydown, which lowers the payment during years one and two while you settle in.

4) Repairs or a credit for inspection findings.

5) A one-year home warranty, especially for an older home.

In today’s rate environment, improving the loan structure can sometimes matter more to your monthly budget than taking a few thousand dollars off the price. Credits and buydowns are paid from the seller’s proceeds, which may be easier for a seller to accept than another headline price cut.

The honest side: concessions depend on the seller, offer, appraisal, and loan program. Program limits apply, so the structure must be reviewed for your specific loan. Not every price-cut listing is flexible, and sometimes the home was simply overpriced.

Want to know what to ask for? Let’s run the numbers. Sean Perry: (586) 630-2682 | michiganmortgagepro.com

Source: Realtor.com September 2026 Housing Report, published September 30, 2026.

Equal Housing Opportunity. We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation.
Sean Perry | NMLS #2113869
Michigan Mortgage Pro | NMLS #2566773

Your mortgage payment went up, but your interest rate didn’t? You’re not alone. In most cases, the change is escrow, not...
09/29/2026

Your mortgage payment went up, but your interest rate didn’t? You’re not alone. In most cases, the change is escrow, not your loan terms.

A fixed-rate mortgage keeps the interest rate the same. But your total payment can change because escrow collects money for:
• Property taxes
• Homeowners insurance

At least once a year, your servicer performs an escrow analysis, comparing what was collected with what was actually paid. The account may also include a cushion of up to one-sixth of estimated annual disbursements, or about two months of escrow payments.

If there’s a surplus of $50 or more beyond the allowed cushion, it generally must be refunded within 30 days. If there’s a shortage, it’s typically spread over the next 12 months, which raises the payment. Some servicers may offer a lump-sum option.

Michigan homeowners: Proposal A generally caps taxable-value increases while you own the home, but taxable value can uncap to market value after a sale. Also, make sure your Principal Residence Exemption (PRE) is filed with your local assessor, typically by June 1 for the summer levy or November 1 for the winter levy.

Your checklist:
✓ Read the escrow analysis
✓ Check your tax bill and insurance premium
✓ Confirm your PRE is filed
✓ Ask about spreading a shortage versus paying it upfront
✓ Request an interim analysis if your taxes dropped

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

Equal Housing Opportunity. We do not discriminate based on race, color, religion, s*x, national origin, disability, or familial status. Educational information only, confirm details with your local assessor and tax professional.

Sean Perry | NMLS #2113869
Michigan Mortgage Pro | NMLS #2566773

Rates just reached 7.03%, but should you lock or float? 🤔Freddie Mac’s Primary Mortgage Market Survey reported 7.03% on ...
09/28/2026

Rates just reached 7.03%, but should you lock or float? 🤔

Freddie Mac’s Primary Mortgage Market Survey reported 7.03% on Sept. 24, 2026. That’s the fifth straight weekly increase and the highest national average since January 2025. Rates vary by lender, loan type and market.

Here’s the plain-English version:

• A rate lock protects your interest rate for a set window while you move toward closing.

• Floating means you’re betting rates improve before closing. They could, but they could also rise.

• If closing is delayed, a lock extension typically costs about 0.125%–0.375% of the loan amount for each 7–15 day extension. These are general market ranges, not quotes.

• A float-down option may let you capture a lower rate later, but it often costs about 0.125%–1.0% of the loan amount and may require at least a 0.25% drop to trigger. Policies vary by lender.

The right decision is about YOUR budget and closing timeline, not guessing where rates go next.

Waiting for rates to come down isn’t a plan once you have a house under contract. Ask your lender to explain the options and confirm all policies and costs in writing.

Education only, not a recommendation for any individual situation.

Want to talk through your timeline? Sean Perry: (586) 630-2682 | michiganmortgagepro.com

Sean Perry | NMLS #2113869
Michigan Mortgage Pro | NMLS #2566773
Equal Housing Opportunity

Builder confidence just hit a 1-year low. Should Michigan buyers care? 🔨The NAHB/Wells Fargo Housing Market Index fell 3...
09/25/2026

Builder confidence just hit a 1-year low. Should Michigan buyers care? 🔨

The NAHB/Wells Fargo Housing Market Index fell 3 points to 32 in September. The lowest reading since September 2025.

The HMI measures how builders view the market for newly built single-family homes. A reading above 50 means more builders see conditions as good than poor. At 32, conditions are soft.

For buyers, that can mean MORE room to ask questions:

• 66% of builders reported using sales incentives, including mortgage rate buydowns and closing-cost assistance.
• 38% reduced home prices, with the average reduction holding near 6%.
• Spec and inventory homes may offer additional negotiating room because builders are carrying those costs.

Your simple, smart, savvy playbook:
1. Ask about incentives, not just the list price.
2. Compare the builder’s preferred-lender offer with an outside lender. Buydowns and credits may require preferred-lender financing.
3. Ask about completed or nearly completed spec homes.
4. Get pre-approved first. It can strengthen your position when discussing upgrades, closing costs, or lot premiums.

A low builder-confidence reading is not a promise that every builder will cut prices. Offers vary by builder, community, inventory, and market.

Source: NAHB/Wells Fargo Housing Market Index, September 2026.

Want to compare a new-construction offer? Message Sean at (586) 630-2682 or visit michiganmortgagepro.com.

Equal Housing Opportunity. We do business in accordance with the Federal Fair Housing Act and the Equal Credit Opportunity Act.
Sean Perry | NMLS #2113869
Michigan Mortgage Pro | NMLS #2566773

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235 N Groesbeck Highway Suite 300
Pontiac, MI
48043

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