Posts in category 'Buyers'
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- 2020 | 12 Posts
- 2019 | 42 Posts
- 2018 | 47 Posts
- 2017 | 45 Posts
- 2016 | 47 Posts
- 2015 | 54 Posts
- 2014 | 13 Posts
15
5 Things to Consider Before Refinancing your Home
A refinance could cut the monthly mortgage payment but whether it is the right move or not depends on some factors. Learn more about some things to consider prior to refinancing a home mortgage that could save time and money.
Refinancing Costs Money
A free finance does not exist as there are closing costs associated with any closing no matter what house a person buys. Anywhere from 2 to 5 percent of the loan amount will be added on and need to be paid upfront. Some options can also include:
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Cover the closing costs using a no-closing cost refinance which can come with a slightly higher interest ra...
11
5 Things You Should Know as Closing Day Approaches
Once a seller accepts an offer, the time comes to sign paperwork which seals the deal. What most Ohio home buyers don't realize is that a real estate process is complex with lots of nuances to the transaction. Learn some important things to keep in mind on the road to home ownership.
Expiring Mortgage
Mortgage interest rates may fluctuate daily. Rather than have the stress of the interest dial moving up and down, a bank will 'lock in' an interest rate for 45, 60 or another number of days. Once this expires, a higher rate kicks in. Some issue...
13
Comparing Renting vs. Owning
Comparing Renting vs. Owning
One of the hottest topics in housing is whether to rent or own a home. Market conditions and personal finances and other things factor into the decision to rent or own a home. Learn how calculations actually work in order to feel confident on deciding what is right for the budget and family.
Check Numbers
The first thing to understand is how math works for each individual looking at homes. Calculating monthly costs of home ownership, subtracting tax benefits and comparing the final figure will help gauge the difference between home rental versus home ownership in the same neighborhood.
9
Pros and Cons of Renting When You Retire
There are several Pros and Cons of Renting When You Retire, especially when considering homes in Indian Lake Ohio. Older renters are on the rise, with households aged 55 and over contributing 42 percent of renter household growth as reported by the Joint Center for Housing Studies at Harvard University in 2015. The rate will only increase as more Baby Boomers hit retirement age. Consider some of the pros and cons of renting in retirement.
Pro: no more mortgage
People who choose to rent in retirement are no longer making monthly mortgage payments. Depending on th...
19
The Basics of Qualifying for a Home Loan
Looking to purchase a new home or refinance requires an understanding of the basics of qualifying for a mortgage. It helps to know some basic steps can help prepare for what is ahead. Learn how to be in a position ahead of time to get the best deal available.
Credit
A credit report is required from three major credit bureaus to document payment histories for auto loans, personal loans, credit cards, debt collections or other negatives. Credit scores are considered a predictor of lending risk. The higher a score, the better it looks to a potential mortgage lender. The following factors may also play a role i...