Todd Chamberlain

"Financial Account Executive"

I'm a:	Real Estate Professional
Company:	Money Source Financial Services, Inc.
Location:	Ann Arbor
Web sites:	Company Site
Phone:	(734) 213-0300

6 Answers
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About Me

I've worked for over five years as an investment advisor, residential lender, and life insurance agent in the big house on the corner of Stadium and Main (no, the other big house on the other corner). Owning a house is more than what rate you have on your mortgage; how it increases your net wealth is the important thing. Systematic investing is another key to increasing your net wealth. I excel at gathering information, analyzing data, solving problems, educating clients and implementing solutions. I have experience in real estate, construction, sales, and small business management. This experience leads me to listen to clients' needs, ask relevant questions, spot potential pitfalls, and propose suitable alternatives. If a concept is beyond my expertise I rely on a growing network of professionals to assist clients. My job is to help intelligent people make intelligent decisions.

Testimonials

"I just wanted to thank you for all of your help over the past several months. I appreciate all of the time you took to set up my Roth IRA as well as my mortgage. The house is exactly what I wanted with the payment that I am comfortable with. Please thank any of your team members that helped me to get my home. Thanks."
Joanna Mon Jul 23, 2007

"Hi Todd, Thanks to you, I have my condo and LOVE it. I stare at the walls at night and can't believe it's my own!!! Take Care."
Lindsey H. Sun Aug 31

"Todd, There are simply no words to express my gratitude for all of your hard work in bringing my loan to fruition. You really saved the day & salvaged what would have been a disastrous experience. Your professionalism, sincerity & integrity did not go unnoticed. Thank you."
Maggie S. Fri Nov 12, 2004

"Dear Todd, We cannot thank you enough for helping us purchase our first home. We realize we put you in a bind on time, but you were able to pull it off for us. We appreciate your doing that and sticking by us through it all. Thanks so much!!"
Tony and Carrie F Mon Aug 25, 2003

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Todd Chamber…'s Questions (1)

Todd Chamber…'s Answers (6)

How do I get info out about my open house for http://www.621Hoover.com??

Asked Wed Oct 15 2008, 12:22 by Phil - Ann Arbor - Home Selling - 16 answers

Todd Chamberlain answered:

Phil, coincidentally I just drove by your house and saw the new sign. Beautiful job (I mean on the house, sign is all right). Tough time to sell on your own, might spend more than paying an agent, but everybody tries once. Best of luck, Todd - Wed Oct 15 2008, 12:36

re 1923 Dunmore

Asked Tue Oct 14 2008, 09:46 by Colin Soames - Ann Arbor - Home Buying - 7 answers

Todd Chamberlain answered:

Hi Todd and all, no the 740 score thing is a myth (600 works in some cases). However, I can help people learn how to get their score above 740-- but not always instantly! The biggest factor in getting a loan now is proving you can afford it (which I have always counseled buyers about, and it is not about a ratio, it is about a budget). Furthemore, with FHA financing people can get into a house with as litlle as 3.5% down, which contrary to many opinions at this time, is not always a bad thing (as in keep some of your money liquid in case you hit a rough patch).

And yes, it is a great neighborhood. I have been noticing fewer for sale signs and constantly making new friends. Isn't that what it's all about? - Tue Oct 14 2008, 13:17

It sold last October as well. It is too bad, such a short turnover, I can only imagine the bad change of luck for the previous owners. Hopefully the new owner has better luck, they presumably started out with a good value at least.

If you are serious about buying a home I strongly encourage you get a buyer's agent-- it does not cost you anything and they can answer these sorts of questions for you (as well as help you with all the other things they do). And you should get prequalified for your loan. I am happy to work on that for you and can recommend a Realtor that matches your personality and needs, check out my profile and give me a call.

All the best, Todd - Tue Oct 14 2008, 10:57

Does anyone know what type of structure is across the street from 2977 Trillium Ln. in Lodi Township? The

Asked Wed Aug 20 2008, 10:21 by Noah - Ann Arbor - Home Buying - 5 answers

Todd Chamberlain answered:

Good morning Noah, good morning Mr. Lands, good morning Mr. Bouma,

I forgot that the "bridge home" is on Trillium. I drove by this morning on my way to work (no time for bike today I'm afraid). Beautiful morning. Many of my coworkers have been through this home, they say it is really incredible inside (and NOT reminiscient of a trailor home). I can see the exterior being a matter of personal preference, I happen to like it. The advantage for a neighbor I saw is the undiminished sightline to the west (for 2977), the bridge home is so low profile it allows for a better view.

Noah, it looks like you have been looking at homes for a while, when are you going to come to town and check them out for yourself? Enjoy the day, Todd - Thu Aug 21 2008, 08:11

Hey, that structure is my house. Just kidding. I actually live about 2 miles from there, if I get a chance I will drive by and let you know. Might be tomorrow at this point. If you want honest advice about a Realtor that matches your personality and needs, we should talk. Let me see what I can find out, good excuse for a bike ride- Todd - Wed Aug 20 2008, 11:00

If my loan is denied, does the seller have a right to my escrowed funds?

Asked Mon Jul 28 2008, 11:17 by Sarah - Ann Arbor - Home Buying - 4 answers

Todd Chamberlain answered:

Sarah, Is this about an offer you have already submitted? If so, did you write a financing contingency in the offer? If you have a Realtor they will help you with this. If you don't have a Realtor, get one! E-mail me and I can refer some to you, based on your personality and what you are shopping for.

Meanwhile, why are you affraid of being denied? An experienced loan officer (such as myself) can take the guess work out of this and Pre-Approve you before you start shopping, which will help protect your time and your money. - Mon Jul 28 2008, 11:44

Follow-up to property tax question... the home I'm about to close on did not get homestead exemption this year

Asked Wed Jun 25 2008, 20:26 by J. L. - Ann Arbor - Home Buying - 10 answers

Todd Chamberlain answered:

You are right on, and I agree. Hopefully the law will be changed, it would help both homeowners and the homebuilders (who incidentally are the ones creating the tax base out of the dirt). Congrats on your new home, enjoy it! - Tue Jul 1 2008, 12:22

Folks, yes 18 mils is the gross, however there are ususally other taxes not levied on non-exempt properties. In Ann Arbot that tax is the AAPS (Ann Arbor Public School Supplemental) tax which was 2.3616 mils last winter and is 2.1429 this summer. Add those together and subtract from 18 (which is rounded up from 8.9847 levied both winter and summer) and the net is 13.4955 mils. This can be different in different municipalities, and in fact both of these line items are sometimes combined and collected only once per year (based on municipality). And of course, subject to changes and amendment. That is why the actual property in question is important and the true answer lies within its last tax bills. - Thu Jun 26 2008, 06:38

May 1. That is the PRE cutoff. Day before and day after, just like you state. Ludicrous, yes. Going to be changed? There is talk of it. The Home Builders Association is a big force behind pusing for change http://(www.hbawc.com for Washtenaw County). The difference in taxes won't be double though, in Ann Arbor city you would pay about 60 mils versus about 47 mils. A good pro could look at the actual tax bill and demonstrate this. - Wed Jun 25 2008, 21:17

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Specialties

I specialize in serving up an intelligent combination of traditional and alternative investments, mortgages, and life insurance, with a side of thoughtful questions to ask Real Estate, Tax, Property Insurance and Trust Professionals for the purpose of reducing your liabilities and increasing your net wealth.

Experience

Latest:

Account Executive for Money Source Financial Services, Inc.

March 2003—present

Certifications & Awards

Series 7, 63, 65
Licensed Life Insurance Agent

Interests

Family, Money, Peace, Mountain and Road Biking, Snow Boarding, Team Sports, Ecology, Domestic Travel, International Travel, Space Travel, Music, Art, and Friends (in no particular order)

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