**NMLS# 140088**
**Phone:** 734-417-3650

Brad Silvius

With over 18 years of experience, Brad will help you find the best mortgage program to fit your lifestyle, budget and home goals.

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Start your home purchase or refinance with Brad.

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“Brad was very attentive to our situation and responded very promptly to any questions or concerns. He also handled our last minute change quickly, so that our closing could go through on the time scheduled and did so with optimism and tenacity.” -R.E.B.J.

With over 18 years of experience in home lending, Brad Silvius is a seasoned veteran who understands the mortgage process and how to deliver the perfect financing solutions for his clients.

Brad has won numerous awards and has established a strong reputation throughout Ann Arbor and Southeast Michigan for exceeding expectations and delivering on commitments.

Brad believes in establishing long lasting relationships with his clients and he is passionate about helping home buyers and home owners meet their financial needs. This expert, local service means decisions are made quickly and closings happen on time.

Brad holds two U.S. patents, is a published author and an avid sports fan. He has a master’s degree in Mechanical Engineering from Rensselaer Polytechnic Institute and is an award-winning filmmaker. He resides in Ann Arbor with his lovely wife, Raquel.

Mortgage Info & Updates

mortgage-updates

In the latest update regarding the NAR Settlement and it's effects, we have great news for first-time buyers; Fannie Mae, Freddie Mac, and FHA have now confirmed that seller paid commissions will not be counted into the maximum allowed for interested party contributions. We are still awaiting key details from the VA, and will remain diligent as new information unfolds.

Despite initial confusion, buyers' agents can still receive compensation from sellers, commission just can’t be offered through the MLS. Ensuring all parties are well-represented will be crucial to smoother transactions in this new market.

We're looking for an experienced Marketing Manager s great at developing project timelines, strategizing creative campaigns and crafting mortgage-based copy and messaging.

Today we're dismantling the misconceptions on mortgage insurance and sharing more about how it can be a tool that accelerates a buyer's ability to purchase and own home. Mortgage insurance is a type of insurance typically required by lenders when a borrower puts down less than 20% of the home's purchase price. It's usually paid as a monthly premium that's added to the borrower's mortgage payment.

Interest rates remain the same as inflation data came in as expected earlier today. Rates are still in that high 6, low 7% range. Buyers, be prepared with a pre-approval so you can act quickly when you find the right home.

When there's uncertainty, the best thing for a homebuyer to do is be prepared and ready. With many varying projections about mortgage interest rates, the smartest move is to be proactive and get pre-approved, so buyers can act fast.

Yesterday’s Consumer Price Index Results Were Slightly Lower Than Expected. With the Overall CPI at 3%, we've seen rates come down yesterday and it's trending that way today, too. Great news for housing!

Rates are in the Upper-6s As We Move into a Busy Weekend of Open Houses.

Fannie Mae Shares Results Ranking Important Factors of Living "The Good Life.” 3 of the top 6 factors are housing-related in what participants found to be important when considering the life they'd like to have. The dream of homeownership continues to be strong. Begin your journey by getting pre-approved. Homebuyers, we can help!

The jobs report came out this morning. The number of jobs in this week's report blew away expectations. mortgage rates are pretty neutral from the news. Housing inventory is still slightly down, but home buyer demand is strong.