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Category Archives: Mortgages and Finance
Tips to Securing a Home Mortgage
It’s no secret that it’s more difficult to secure a home mortgage these days. Lenders have become more scrutinizing since the recent financial crisis. Before you go to apply for a mortgage, it’s helpful to know some of the red … Continue reading
Posted in Cincinnati Real Estate, Mortgages and Finance Tagged home buying, home mortgage, home purchase, mortgage Comments Off
Renting, Retirement, The Next Mortgage Crisis
The next major mortgage crisis may be caused by renters as they prepare to enter retirement. Liz Davidson of Forbes says “that today, there’s another mortgage crisis in the works—that is, NOT having one—choosing to rent when you can afford … Continue reading
Posted in Investment Property, Investment Real Estate, Mortgages and Finance Tagged assets, rent vs buying, renting, retierment, retierment savigns Comments Off
Rates on 30-Year Fixed Mortgages Fall to Record Lows
Rates on 30 year fixed mortgages are now at record lows according to the Washington Post and that is great news for those of you who are looking for a mortgage! The average rate on a thirty year fixed rate … Continue reading
Posted in Cincinnati Real Estate, Mortgages and Finance Tagged Cincinnati Real Estate, home loans, mortgage Comments Off
My Interview on Fox 19 Cincinnati
I am proud to share this interview I did with Emily Wood of Fox 19 Cincinnati. We were talking about the upcoming mortgage regulation changes and their nationwide economic effect. My comments, while brief, were taken from my previous post … Continue reading
Posted in Cincinnati Area Board of Realtors, Cincinnati Real Estate, Mortgages and Finance Tagged Cincinnati Real Estate, Cincinnati TV station, fox 19, mortgage lending, Mortgage regulation Comments Off
How the Qualified Residential Mortgage Legislation will impact Cincinnati Real Estate
In the aftermath of the residential mortgage crisis legislation was introduced to encourage and require lending institutions to to change the way they lend on residential properties. Within the Dodd-Frank Legislation there is a provision that requires banks to keep … Continue reading
Condo Association Funding Requirements For Fannie Mae Loans
Fannie Mae is becoming more strict with their loan requirements as they deal with how much money condo associations keep in reserve. Every condo association is unique, and they cover a number of services for their residents. Some cover trash, … Continue reading
Posted in Cincinnati Real Estate, Condo, Mortgages and Finance Tagged Condo loans, Fannie Mae, fha loans Comments Off
Federal Government Considering Changes to Mortgage Downpayment Amounts
The Federal Government, in response to the mortgage crisis, is making changes to their rules that require banks that initiate loans have to hold onto portions of those loans. Part of the reason that the mortgage crisis occurred was that … Continue reading
Posted in Cincinnati Real Estate, Mortgages and Finance Tagged cincinnati mortgage, federal government, lender risk Comments Off
FHA Loans Will Have Higher Mortgage Insurance Premiums in April 2011
The Federal Housing Authority, or FHA for short, is increasing the Mortgage Insurance Premiums on April 18, 2011. The changes to MIP will impact standard FHA loan programs. To understand how the premium increases will impact various loans you need … Continue reading
Why Can I not Qualify for a Home Loan? Here are The Top Seven Reasons!
If you are wondering why you can not qualify for a home loan then you are not working with a good mortgage broker. A great mortgage broker will tell you why you are not qualifying and even help you repair … Continue reading
Posted in Mortgages and Finance Tagged cincinnati home loans, Cincinnati mortgages, denied home loan, hom loan application, home mortgages Comments Off
Conforming Loan Changes for Rental Property Owners
I received a great piece of informtion from Crhis Niere from Town & Country Mortgage Group, LLC sent me this important update to conforming loans on owner occupied rental property. I am seeing this situation more often, where some wants … Continue reading
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