Conforming Interest Rates in Ohio Interest rates on a Conforming Loan tend to be slightly higher than a FHA mortgage or USDA mortgage with similar closing costs. However, interest rates will vary depending on credit scores and the amount of down payment. Generally, a homebuyer with higher credit scores will see a considerably lower monthly payment with a Conforming mortgage. For instance with one of […] Read more »
5 Mistakes Ohio First Time Homebuyers Make
Today’s market is ripe for prospective first time homebuyers. Home prices are low and mortgage rates are still at historic lows. Buying your first home is a major decision and it involves much more than signing a purchase contract. Here are five common mistakes that first time home buyers can avoid. 1. Not getting Pre-Qualified A loan officer is an invaluable resource early in a […] Read more »
2 Ohio Cities Rank in Zillow’s Top 10 Buyers Markets
Zillow released its Top Buyers’ and Sellers’ Market list yesterday, and who woulda thunk it but Cleveland, Ohio and Cincinnati, Ohio both rank in the Top 10 Buyers’ Markets, Cleveland at #3 and Cincinnati at #8. So would exactly does Zillow look at when compiling their list of Sellers’ and Buyers’ Markets? According to Zillow they “analyzed data on sale-to-list price ratio, number of days listings […] Read more »
Ohio First Time HomeBuyer Program Comparison
Now that summer is here, experts predict that home buying will pick up. A combination of factors are motivating home buyers, including home prices remaining low and Ohio mortgage interest rates remaining at or near all time lows. If you are in the market to buy a home in Ohio, chances are that you will face information overload when trying to decide which type of […] Read more »