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Category Archives: Mortgages and Finance
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
Cincinnati Real Estate Mortgage Rate Trends
The Cincinnati real estate mortgage rate trends have been fluctuating throughout the economic slowdown and for the most part the trend has been downward. Average yearly mortgage rates have dropped year over year since 2006 (6.41%) through November 2010 (4.30%). … Continue reading
Cincinnati Real Estate Mortgages Rise
Local Cincinnati mortgage rates are rising while the rest of the nation’s rates are falling, according to Cincinnati.com. At the end of July the average rate for 30-year fixed loans was 4.54 percent nationally while in Cincinnati the average 30-year … Continue reading
Posted in Mortgages and Finance Tagged cincinnati mortgage, Cincinnati Real Estate, daily basis, estate mortgages, getting a loan, hourly basis, lenders, loans, market pressures, mortgage lender, Mortgage Rates, mortgage resources, resources page Comments Off
New Fannie Mae Credit Checks Impact Cincinnati Real Estate Sales
Effective June 1, 2010 Fannie Mae is mandating a number of additional qualifications for each mortgage application. These additional mandates are intended to ensure that the information collected from buyers when they apply for a mortgage are the same as … Continue reading
Posted in Cincinnati Real Estate, Mortgages and Finance Tagged additional qualifications, application process, borrowers, Cincinnati Real Estate, credit checks, credit scores, Fannie Mae, general services administration, lenders, mortgage application, real estate agent, real estate sales Comments Off
Housing Shortage in Cincinnati and Nationwide
According to an article in CNN there is an impending housing shortage. The recession has stopped, or delayed new home construction and purchases, but the demand will reemerge when the recovery comes. Unlike in years past, home builder may not … Continue reading
Living Rent Free After a Foreclosure
In a sign of the times, more and more Americans are living in their homes post-foreclosure. An article in RSI media details the growing phenomenon and attributes the situation to the volume of foreclosures that have washed over the banks … Continue reading
Posted in foreclosure, Home Maintenance, Mortgages and Finance, Property Value Tagged apartment, backlog, bank owned property, Bank sales, banks, copper, costly leaks, debts, financial cushion, foreclosed properties, foreclosure, foreclosures, little bit, mold growth, mortgage money, notice of default, phenomenon, pipes, rent free Comments Off
New Mortgage Applications are Down to a 13 Year Low
Applications for primary home mortgages are down to level not seen since May 1997. The Mortgage Bankers Association, the trade group for mortgage bankers, is attributing this to the expiration of the federal tax credit and overall slow economic revival. … Continue reading
Posted in Contractors and Renovations, Mortgages and Finance Tagged ancillary services, carpenters, economic activity, economic revival, economic stimulus, federal tax credit, first time home, first time home buyer, first time home buyer tax credit, home mortgages, home ownership, housing market, mortgage applications, mortgage bankers association, new mortgage, painters, plumbers, subsidy, time home buyer, trade group 1 Comment
The Cincinnati Real Estate Market after the Tax Credit
A number of my discussions with other real estate agents and clients have focused on the state of the Cincinnati Real Estate market after the $8,000 tax credit. The situation is very postive because there are a number of other … Continue reading
Posted in Cincinnati Real Estate, Mortgages and Finance, Property Value Tagged affordability, better homes and gardens, Cincinnati Real Estate, economy, interest rates, loans, Mortgage Rates, real estate agents, Real estate market, residential market, residential real estate, s market, tandem, tax credit, two thirds, unemployment, wages 1 Comment
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