Northern Michigan Waterfront Mortgages

By Ken • October 20th, 2009

Recreational property inventory is at an all time high.

Northern Michigan is a recreational paradise for those who love the out of doors and the beauty of nature. From our lakes and rivers to our forests and wetlands, there are thousands of acres of areas to play. Whether you enjoy hunting or fishing, hiking or biking, Northern Michigan has it all including great properties at great prices near some of the most beautiful and exciting lakes imaginable.

A  tough economy and fear of falling prices has led many lakefront property owners in Northern Michigan to sell making now the perfect time to buy. Lakefront and riverfront owners are selling in record numbers. If your purchase will involve a mortgage this is the perfect time to find that home, cabin or property of your dreams. Today 30 year loans are going for 4.76% and 15 year loans are 4.33%. If you are looking for maximum savings and have a way to pay off a 5/1 ARM the rate today is 3.76%. Just think, for every $100,000 you borrow and PI payment is only about $376 dollars.

Look at these unbelievable prices for Higgins Lakefront cottages and homes that SOLD in the last 2 weeks:

  • Listed $479,999 Sold $250,000
  • Listed $559,000 Sold $450,000
  • Listed $899,000 Sold $595,000

The news continues in similar fashion throughout northern Michigan. Call now and schedule a showing for your favorite lakefront or riverfront property.

Northern Michigan Waterfront

Ken Carlson Realty is a Northern Michigan waterfront specialist. Whether you are looking to buy on the Ausable or Higgins Lake or any other of the miles and miles of lake and riverfront available, we can assist you. Now is the time to buy and we have the knowledge and the skill to help you find exactly what you are looking for. If you are looking for a home or cabin or even just property for sale, call Ken at Ken Carlson Realty at 989.240.0970.

Information contained herein is not guaranteed and is subject to change without notice.

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