cincinnati real estate guy: Mortgage Modifications Gone Bad... - 09/15/09 11:58 AM
Story after story talks about how homeowners, who are attempting to modify their adjustable interest rate home loans to lower their payments, are now watching their monthly payments skyrocket.
Please don't get an adjustable rate mortgage (A.R.M.)!
I just read a story about a couple in AZ with a $550,000 … (3 comments)
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cincinnati real estate guy: Cincinnati Home Buying Tip: Don't Buy A Home & Get A Tax Bill Surprise! - 01/27/09 02:09 PM
Are you planning to buy a home in Cincinnati, Ohio in the near future?
If so, when viewing properties, make sure you do a double take at the property tax amount. You need to confirm that the tax bill amount is accurate with your local county auditor's web site.
Then you … (1 comments)
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cincinnati real estate guy: Cincinnati Home Buyer Tip: Beware of Winter-Time Fees on Lender-Owned Properties! - 10/27/08 01:29 PM
If you're planning to purchase a lender-owned property, be aware of the additional fees you'll end up paying.As we approach the season of overnight temperatures often reaching 32 degrees and below, one of the things consumers need to be aware of when they make an offer on a lender's foreclosed property … (0 comments)
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cincinnati real estate guy: Cincinnati Home Buying Tip: Short-Sale Listings Abound! - 04/10/08 04:46 PM
As I continue showing homes and condos in our current real estate market, I'm finding up 50% of the properties are listed as foreclosures or short-sales. What does this mean to you, the buyer? Timing, for one thing, can be widely varied. In many foreclosures, where the lender has already purchased … (0 comments)
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cincinnati real estate guy: Cincinnati Home Buying Tip: Put Spending Habits In A Deep Freeze! - 04/03/08 04:48 PM
Put Your Spending Habits In A Deep Freeze!
Once you apply for a mortgage, put your spending habits into a deep freeze for the next 30 - 45 days, just until you close on your new home. An important factor you need to know about during your mortgage approval process is … (0 comments)
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cincinnati real estate guy: Cincinnati Home Buying Tip: Even If All Your Ducks... - 03/27/08 03:19 PM
Even if all your ducks are in a row...
When you apply for your mortgage pre-approval, understand that it's just the beginning of the paperwork and the watching of your ongoing credit.Once you find a home and write an accepted offer, that's when the mortgage approval process really gets in … (0 comments)
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cincinnati real estate guy: Cincinnati Home Buying Tip #17 - Home Warranties Can Give Peace of Mind! - 03/20/08 05:15 PM
When purchasing a property, is it worth getting a 1-year home warranty plan? I say "Definitely, YES"! Prior to a few years ago, home warranties were available for purchase, but weren't always selected, because sellers wouldn't always offer them. Now, in the Cincinnati Area Board of Realtors purchase agreements, home warranties … (0 comments)
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cincinnati real estate guy: Cincinnati Home Buying #16 - Constantly Changing Mortgage Rules! - 03/14/08 01:30 AM
Be Aware Of Constantly Changing Mortgage Rules!
Once you find a home that you want to call your own, the next important step is to make sure that your mortgage process is moving forward smoothly.It's just as important for you as well as your mortgage consultant to stay on top of … (1 comments)
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cincinnati real estate guy: Cincinnati Home Buying #15 - What To Know About FSBOs! - 02/28/08 01:29 PM
What is a FSBO?It's an acronym for: For Sale By Owner and it's pronounced (fizz-bo) As a new home buyer, it's important to understand the possible reasons that a seller is selling their property on their own as a FSBO. Here's a few:
They may have little or no equity in … (0 comments)
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cincinnati real estate guy: Cincinnati Home Buying #14 - Your Lender's Expertise Is Critical! - 02/16/08 06:04 PM
As the real estate and mortgage markets continue to recover, we are seeing more and more restrictions on lending to try and right the ship. One monster that started to surface way back in July of 2007 was the "Declining Markets" guidance sent out by FannieMae (Federal National Mortgage Association). In … (0 comments)
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cincinnati real estate guy: Cincinnati Home Buying Tip #13 - "Is This The One?" - 02/07/08 10:35 AM
As you look at different homes, you're always wondering "is this going to be the one"?"Is this the home that I'll fall in love with and live in for many years?"Whether you've looked at 5, 10, 20 or more homes, you'll always wonder if you're picking the right property for you.One … (2 comments)
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cincinnati real estate guy: Home Buying Tip # 12 - 3 Focus Points When Viewing Properties! - 02/01/08 01:20 AM
When you begin your home/condo search, here are 3 things you need to be focused on when viewing properties:
Functionality of Floor Plan - Does the floor plan flow or is it choppy? Does it meet your needs? When you walk through a home, it's important initially get a feel for the … (0 comments)
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cincinnati real estate guy: Home Buying Tip #11 - The Appraiser's Role In The Home Buying Process! - 01/24/08 02:52 PM
The appraiser's role in the home buying process is to determine a value of the property for their client, the lender. No, not for you, the buyer, but the appraiser is looking out for the lender's interests in the value of the property, because if something goes wrong and you can't … (0 comments)
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cincinnati real estate guy: Home Buying Tip #10: Insights To Selecting Homeowner's Insurance! - 01/17/08 11:05 AM
The other day I asked one of my Preferred Service Team Professionals, Karen Bastian of American Family Insurance, the following question: "What are some things a buyer needs to know about making a decision on which homeowner's insurance policy to purchase for their new home?" Here's what Karen said:"There are several … (0 comments)
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cincinnati real estate guy: Cincinnati Home Buying Tip #9 - 01/10/08 10:07 AM
Watch Out For Homestead Tax Reduction!
The state of Ohio has expanded the Homestead Exemption program to reduce property taxes for all qualifying senior citizens and permanently disabled homeowners, who are at least 65 years of age. What does this mean to you, the home buyer?When you're planning to make an … (0 comments)
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cincinnati real estate guy: Cincinnati Home Buying Tip #8 - 01/03/08 04:24 PM
When deciding on whether you want to purchase a house or condo, you really do have four choices in your decision-making.Your choices are:
Doing nothingYes, no one can force you to buy a home. While most people will greatly benefit from owning real estate, there are a few people, who at certain … (0 comments)
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