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hbe: 25 Biggest Mistakes - Mistake #10 - Waiting too long. - 03/30/09 09:52 PM
Don’t wait, buy now!
I know it sounds like a pushy salesman trick taught on every car lot in the country…”It might not be here tomorrow!” But when it comes time to making a home purchase, there is never a better time than right now!
Let’s preface that with a couple of things.
1. You must get your credit in line
2. You must have income
3. You must be able to get qualified for a loan
I guess what I am trying to say is that if it is your time to buy then you need to be ready to … (0 comments)
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hbe: New OHFHA program information for first time home buyers. - 03/02/09 11:34 AM
The following was taken from an email received directly from OHFA.
OHIO FIRST-TIME HOMEBUYER PROGRAMEffective 03/02/2009 @ 12:01am Mortgage Rates 5.625% for loans without 2.5% assistance grant 6.125% for loans with 2.5% assistance grant 5.375% for Ohio Heroes without 2.5% assistance grant 5.875% for Ohio Heroes with 2.5% assistance grant 30-year fixed rate FHA/VA/USDA-RD/conventional loans are eligible2-1 buy downs are permitted, please see the Underwriting Guidelines for specific product Fees 1% origination fee $150 transfer fee to Servicer (US Bank fee) $79 tax service fee (US Bank fee) (not to exceed $90) .25% Adverse market fee (conventional loans only) Qualified BorrowersNon-target areas: First-time buyer … (0 comments)
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hbe: Mistake #3 - People don't plan to fail they just fail to plan! - 02/06/09 12:00 PM
3. Not doing a proper financial plan.
We are seeing record foreclosures today. While there are some which were due to product mistakes, most were a result of improper planning! Setting up reasonable realistic budgets with proper forecasting can alleviate this problem. This kind of work will help you match your cash flow to the proper cost home and correct mortgage product. If possible, do this work with a professional financial planner.
If you are buying a home in the next 6 months and want to learn more about the process from an Exclusive Buyer Agent. Call HomeBuyer Experts at 330-328-3170 … (0 comments)
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hbe: 25 Biggest Mistakes - To choose or not to choose! That is the question. Mistake #2 - 02/02/09 09:52 PM
Choosing the wrong loan.
In the past few years the lending world has seen more changes than you can count! There are lots of programs and terms most of us have never seen before like; interest only, negative amortization, hard or soft prepays, option arms, 40 year terms, balloon payments, LIBOR, monthly adjustable, reverse mortgages, sub-prime, A-paper…We could go on all day, but that’s not the point. What we want to stress is that things change everyday in “Lender World” and lenders themselves have a hard time keeping on top of everything that is available especially when you put different guidelines … (0 comments)
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Chris Whitehead
Bath,
OH
More about me…
HomeBuyer Experts
Address: 3075 Smith Rd., Suite 101, Fairlawn, Ohio, 44333
Office Phone: (330) 826-1282
Cell Phone: (330) 328-3170
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