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When is the Right Time to Buy a Home - 08/19/07 09:41 PM
Right now there are a lot of homes up for sale and not enough buyers to buy up all of these homes. This is one of the top signs that we are currently in a buyers market. When there are too many homes for sale and not enough buyers, most of the time sellers are willing to go above and beyond to try and sell their homes. This may mean that they are willing to sell it for under market value and accept a significantly lower sales price than they would like to, they may be willing to offer incentives such … (2 comments)
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Applying for a Mortgage - Initial Steps - 08/15/07 09:04 PM
Applying for a mortgage can be a very big step in one's life. A mortgage is one of the biggest investments and liabilities in a person's life and needs to be handled with care. The wrong mortgage program can eventually lead to doom or worse yet, the loss of your home.Applying for a mortgage can be an extremely confusing thing to do, especially for first time homebuyers. What bank should you work with, who has the best rate, who can you trust to do the best job for you, should you use a mortgage banker or a mortgage broker and many … (0 comments)
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Down Payment Funds - 08/12/07 08:23 PM
If you are looking to buy a home, whether you are a first time homebuyer or a seasoned home buying veteran, you need to know and understand what sources of down payment funds are acceptable to use for a home down payment. Understanding what is acceptable to a lender and what is not can help you better prepare for the homebuying process and obtaining the best interest rate that you can.
Over the course of the last few years buying a home with zero money down had become increasingly simple and has grown in popularity. However, with the recent mortgage market meltdown, … (3 comments)
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Down Payment Assistance - 08/12/07 10:53 AM
Are you considering buying a home but have no idea how you are going to come up with money for a down payment? If you answered yes to this question you are not alone and roughly half of potential homebuyers in the US are in this same exact position. So how can you buy a home with very limited funds?
Saving up enough money to make a down payment on a home can be next to impossible for many consumers. Because of this, there are a variety of programs available to assist people who are interested in buying a home, but just … (1 comments)
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Tips to Avoid Foreclosure - 08/09/07 09:24 PM
If you are unsure of what to do about your home because you have started to fall behind on your mortgage payments or you are unable to sell your home because you owe more money that what your home is worth, do not panic. There are answers out there. If either of the above situations describe something similar to what you are going through, you need to act quickly. Waiting can only make matters worse.
The first way to avoid foreclosure is to look into refinancing your mortgage. By refinancing your mortgage, before you get too far behind, you may be … (3 comments)
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First Time Homebuyers - Common Mistakes to Avoid - 08/09/07 08:13 PM
Getting ready to buy a home can be both a very exciting, yet a very terrifying experience. Most first time homebuyers have so many questions to ask, but they are unsure of who to ask. Who can a first time homebuyer trust and what can they do to insure a smooth homebuying experience?
First time homebuyers occupy a very large percentage of the real estate market. With a quickly changing real estate market, rising interest rates and tightened lending guidelines first time homebuyers can be even more confused than ever about buying their first home. The good news is that I am … (2 comments)
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The Makeup of An Adjustable Rate Mortgage - 08/09/07 10:04 AM
So how exactly do adjustable rate mortgages work and what should I pay attention to when considering obtaining an ARM loan These are just a couple of the most common and most important questions that one needs to understand before jumping into an adjustable rate mortgage. I know that super low rate sounds great right now, but how much will it or can it adjust in a couple of years. What if something happens and your credit deteriorates and you are unable to refinance out of that adjustable rate in a few years? These are just a few of the questions … (0 comments)
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Your 3 Day Morgage Right of Rescission - 08/09/07 01:13 AM
Have you recently closed your mortgage loan on a refinance of your primary residence and now you have a 3 day right of rescission? Why does this exist, how does it work and what does this permit you to do? While the 3 day right of rescission may be a simple basic item, I felt that it was important enough to touch on and remind everyone what it is, how it works and why it is in place.
A 3 day right of rescission is given on all 1st mortgage loans on primary residences. This 3 day right of rescission provides … (3 comments)
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Pay Option ARM Loans - Tips and Information - 08/08/07 07:42 PM
Can you really get a $200,000 mortgage loan for a payment that is only $644/month as Lending Tree is advertising. Can you really get a $150,000 loan for a payment that is only $450/month as Quicken Loans is advertising? You have probably all heard of these Pay Option ARM loans on television, radio, and/or the internet, but many of you probably don't really understand how they work. Remember the old saying "if it sounds too good to be true, it probably is."
So what exactly is a Pay Option ARM loan, a Smart Choice Loan, a Secure Advantage loan, Pick a Payment … (0 comments)
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Self Credit Repair - Tips and Information - 08/08/07 07:30 PM
Do you really need to pay someone hundreds and many times even thousands of dollars for them to improve or repair your credit? Credit repair is one of the most popular topics right now and there are many things that you should know before hiring the services of a professional credit repair company.
Anything that a credit repair company can do, you can do yourself. By repairing, rebuilding and fixing your credit on your own you can not only save a lot of money but you can increase your credit scores and improve your credit through a variety of different actions. The … (0 comments)
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The Real Truth About Credit Inquiries! - 08/01/07 09:12 PM
I am sure you have heard someone tell you not to let any other companies pull your credit because it will lower your credit at some time or another. You have probably heard a lot of things about credit inquiries and how they will lower your score. In this article you will finally find out the real truth about this much confused topic.
Credit inquiries can acount for roughly as much as 10 percent of your total credit score. This means that if the maximum credit score possible is an 850, credit inquiries could affect your score by as much as approximately … (6 comments)
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Dave Zwierecki
North Olmsted,
OH
More about me…
First Security Financial Services
Address: PO Box 428, North Olmsted, OH , 44070
Office Phone: (888) 418-4467
Cell Phone: (440) 614-0130
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