finance: Grants for Grads - OHFA
- 05/13/10 01:33 AM
Grants for Grads - Gosh I got it wrong...
I was thinking it was graduating from Ohio colleges... It is graduating from Ohio high schools and then going on to graduate from a college (associate degree, bachelors degree, masters degree, Phd.) but it does NOT need to be an Ohio college...
next step buy a house in Ohio... Central Ohio homes for sale - Search
or perhaps get a job in Ohio... then get ready to buy a house.
I went to a class... about OHFA programs including the Grants for Grads Second Mortgage...
Second Mortgage? The 2.5 second mortgage is … (0 comments)
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finance: ARE Strategic Defaults (aka "Walking Away") OK?
- 05/10/10 04:26 AM
"Strategic Defaults (aka "Walking Away") are OK" is Spencer Rascoff's title. I am changing it to ARE Strategic defaults OK ? And I'm gonna slap a poll on..
Did you watch 60 Minutes last night? I did not. What do you think?
Spencer who is with Zillow.com is talking to the real estate industry about Strategic Defaults... I am talking to the general public.
Thanks to Spencer for allowing the Re-Blog of his post
I've kept mostly silent on this blog about a very important issue affecting the housing market -- strategic defaults. This is the phenomenon where a homeowner, … (4 comments)
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finance: Upside Down on Your Home? – Here’s Your Playbook
- 04/04/10 12:38 AM
Here's some advice from a loan officer about what to do if you are "underwater" on your mortgage.
I am surprised to hear 39% of Minnesota is "underwater" and I do not know what the percentage for Ohio is.
Thanks to Charles for allowing this to be Re-Blogged.
In my home state of Minnesota, Minneapolis and Saint Paul have nearly 39 percent of homeowners under water. I've had the question, "I'm upside down on my home, what are my options?" so many times that I wanted to prepare a menu of options for people to reference. This article briefly … (0 comments)
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finance: A Lender’s Appraisal Does Not Care About Your Upgrades
- 02/25/10 12:21 AM
This is from Tony Grego next door in Indiana... a loan officer.
I remember a class where a Central Ohio lender said "The appraiser does not care about your granite counter tops...." I about fell off my chair. Of course the buyer is buying your house because of your granite counter tops.
Thanks to Tony for allowing his post to be Re-Blogged.
Do you feel that pricing a home is a little like throwing darts these days? Sometimes you hit, most times you miss?
At the end of the day Realtors have a next to impossible job trying to … (0 comments)
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finance: sweeping FHA policy changes
- 01/24/10 12:38 AM
More about the changes in FHA that were announced earlier this week from David H. Stevens, the Assistant Secretary of Housing - FHA Commissioner. This is a Re-Blog.
Earlier this week : FHA Announcements
I wanted to take a moment to make sure you are familiar with events surrounding a sweeping set of policy changes for FHA announced earlier this week. The announcement details the changes that Secretary Donovan promised to deliver by the end of January when he testified before Congress last month.
The new policies are designed to strengthen the FHA's capital reserves so we … (0 comments)
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finance: FHA Announcements
- 01/20/10 07:54 AM
David H. Stevens the Assitant Secretary of Housing - FHA Commissioner shares the announcements of changes in FHA financing with us via ActiveRain.
To be fair I heard it from our inhouse loan officer with Real Living Morgage a few hours ago.
A Re-Blog of David H. Stevens, the Assistant Secretary of Housing - FHA Commissioner and ActiveRain ( a national real estate network) member.
Today I will be announcing a series of changes to FHA that will affect some of you. As you read about them, please note a few key points.
FHA fell below is legislated … (0 comments)
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finance: How do I know if Fannie Mae or Freddie Mac has my loan????
- 01/18/10 05:24 AM
Are you current on your mortgage on your Central Ohio home? Has your home lost value? Have you been unable to refinance?
Thanks to Winston Westbrook of Westbrook National Real Estate Co, for information on the new refinance program for homeowners who are current with their mortage but have been unable to refinance because of loss of value in your home.
First things first: follow the directions in Winston's directions in his post Re-Blogged here for Columbus area homeowners:
This seems to be the question of the hour.
How do I find out if Freddie Mac or Fannie Mae … (2 comments)
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finance: Building Good Credit: Getting the Word Out
- 10/04/09 10:42 PM
This is a Re-Blog of a post from Steve Shatsky a real estate agent in Dallas.
Steve lived in Central Ohio in the 1980's. I believe Steve worked out at Honda. Lived in the Sawmill Road area?
Steve is a short sale expert in the Dallas market.
Good Credit does not happen accidentally. It is a deliberate effort on the part of consumers and it comes from simple things that are within everyone's control. Things like paying your bills on time, keeping lower balances on your credit cards and not over extending yourself with lines of credit.
The Ad … (4 comments)
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finance: Low Mortgage Rates
- 09/19/09 02:46 AM
Brought to you by Maureen McCabe Real Living HER -Worthington you gotta love this little cartoon especially the piggie bank.
At the end they refer you to WAHOMEOWNERS.com which is Washington State....
If you are looking for info about Central Ohio homes... and a mortgage to buy one while the rates are great .... contact me.
My Mortgage recommendations
… (2 comments)
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finance: Columbus first time home buyers - a step by step guide III - Pre-Approval
- 08/18/09 10:40 PM
Columbus first time home buyers - PreApproval...
You need a Pre-Approval to buy a home.
You are not getting PRE-QUALIFIED. Get a PreApproval.
It is very, very simple. PreApproval
Before you get your heart set on a home.
Before you decide on a house where the seller will not look at an offer with out a PreApproval.
Before you lose THE house of your dreams to another buyer who has a PreApproval.
Before you enter into a contract with a seller and risk losing your deposit (earnest money.)
Before you pay for an appraisal.
Before you pay for the inspections on … (0 comments)
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finance: Columbus OH. Loan Officers - Confirmed Loan Officer Program
- 08/01/09 02:24 AM
Attention Columbus OH. Loan Officers...
An opportunity for YOU on ActiveRain.
A few weeks ago, we launched the Ambassador program on ActiveRain. One goal of the program was to work with our most passionate members to welcome, and educate all new ActiveRain members. We hoped that once educated, a high percentage of these new members would choose to upgrade their account to the Rainmaker level.
Happily, this is exactly what happened: a very high percentage of new members contacted by our Ambassadors chose to upgrade! However, even with our Ambassadors' help, we were unable to reach all corners … (4 comments)
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finance: Ohio college grads - your wish is our command
- 07/21/09 11:14 PM
Edit Update Grants for Grads - OHFA
...the state of Ohio's (command.)
Ohio college grads or students surveyed wished for a state grant for a down payment on a house....
Ohio college students reportedly said: "more students would stay put if there was a state cash grant for a down payment on a house or a state income tax credit for those who stay in-state for ten years."
Stay in Ohio rather than relocate to another state according to a survey that was published in mid June 2009... In an article on NBC4i.com 2009 Amy Basista of NBC 4 … (0 comments)
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finance: Ohio college grads - a carrot for you
- 07/21/09 08:08 AM
Ohio college grads this carrots for you...
Edit Update Grants for Grads - OHFA
A financial carrot.
"A little-noticed provision tucked into the $50.5 billion, two-year state budget signed last week by Gov. Ted Strickland will reward college graduates who choose to stay in Ohio by offering them help buying their first homes."
from an article on Toledoblade.com by Jim Provance called "College grads offered help with 1st house" well I guess it is also subtitled "Recipients must stay in state 5 years " Five years is nothing. That will be over before you know it...
In a sidebar to … (6 comments)
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finance: Don’t Wait-Only 138 Days to Claim Your Share of the Tax Credit
- 07/15/09 01:56 AM
Claim your share of the First Time Buyer Tax Credit
This is a Re-Blog of a post from Cindy Jones in the Washington DC area... pricing is a bit more affordable in Central Ohio. Real estate is local but some of this is universal information and time frames. We don't use the term "ratified" in Central Ohio but I believe Cindy's point is that if you are buying a home that is not a short sale or a bank owned property you can get in contract more quickly. The good news is we do have homes in many neighborhoods that are … (0 comments)
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finance: Columbus Doo Dah Parade - Home Mortgage
- 07/07/09 09:22 AM
Transformers: Revenge of the Fallen
The Columbus Doo Dah Parade is in the Short North, it is an unscheduled event that happens pretty spontaeously each July 4th. The Doo Dah Parade entrants can be very, very colorful. Some are racy, others silly. The floats and folks often portray current events and politics.... local or national. The content is often for mature audiences.
There was a Transformer in the 2009 Doo Dah Parade.... Timely huh? The Transformer 2 Movie, Transformers: Revenge of the Fallen just came out in the United States in late June.
Who knew....I thought he was … (2 comments)
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finance: 8000 Reasons Get Your Butt In Gear: Deadline for First Time Homebuyer Tax Credit Looms
- 06/25/09 06:00 AM
Janet has a way with words doesn't she? The "Get your butts in gear" was what caught my attention... This is a Re-Blog of a post by Janet Guilbault in California, a reminder of the fact that you need to be in contract "no later than the end of September."
What Janet said!
First time home buyers: Are you still at the computer, doing endless "research" on how to snag the $8000 TAX CREDIT for buying a house this year?
Does the November 30th deadline seem like a million years away as you think about fireworks (not turkey … (2 comments)
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finance: New OHFA Incentive to lend Up to 3% of the Sales Price in Anticipation of the 8,000 Federal Stimulus.
- 03/19/09 07:33 AM
More about the Federal Stimulus plan and a new OHFA program from a NE Ohio lender.
This is a Re-Blog of information provided by Cleveland area mortgage expert, Tim Bradford of American Midwest Mortgage.
The OHFA program does not start until 3/30/2009.
This is a pre announcement about a program that OHFA will have available effective March 30, 2009. The short and sweet is that OHFA will be lend Qualified Buyers up to 3% of the Sales price in anticipation of the buyer recieving the Federal Tax Credit Stimulus as part of the Recovery Program. This could create … (0 comments)
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finance: No Time To Waste On Short Sales; Buy Something You Can Close in 30 Days!
- 03/18/09 10:51 PM
This is a Re-Blog of a post by Mike Jones, an out of town mortgage broker. Thanks Mike!
I'd have Re-Blogged any local lender who said the same thing:
Buyers, call your REALTOR*. Don't squander the opportunity on a short sale that won't close for months. The rates may have evaporated by then. Get something under contract that you can close in 30 days. Call your favorite mortgage broker, complete your application, and LOCK IN THE BEST RATE * 614-388-8249
Yes the short sales can be tempting.
In some neighborhoods you can find NON Short Sales priced very similarly.
It's … (6 comments)
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finance: My thoughts on the housing bailout plan
- 02/18/09 09:54 PM
Well not "My" thoughts... these are Spencer Rascoff of Zillow's thoughts about the housing bailout plans. Zillow estimates the value of homes.
My thoughts on the housing bailout plan amount to:
"Gee I hope it will work"
and
"Pleeeeeeeeeeeeeeeease work."
and the like.
This is a re-blog of Spencer R of Zillow's thoughts but then again the "Prepping for my CNBC appearance tonight" should be a tip off that it is not me.
Although I am NOT an analyst, I agree with much of what I understand here. People have to have jobs. Overall Columbus is lucky in … (2 comments)
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finance: Housing and Economic Recovery Act - HR 3221
- 08/22/08 12:53 AM
Finance is my weak point when it comes to real estate blogging and it is so important right now. Here's current events from an expert in the Worthington market.
Although Michael is with Guernsey Bank in Worthington I have never met Michael. This is a Re-Blog of content from ActiveRain member Michael Reeve:
Washington has been busy lately. In one of the most rapidly approved bills in memory, the Housing and Economic Recovery Act was passed into law, and could have significant implications on the housing and mortgage industry. While there is a lot to share with you, I … (2 comments)
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Grants for Grads - Gosh I got it wrong...
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