Buy - Mortgage and Finance

In this category of our Complete Southwest Oho Real Estate Blog we post articles to answer questions like "How Much Money do I Need to Buy a Home?" or "What is earnest money?" and "What is the best home loan for me?"  Visit our Buying Page full of home buyer resources for southern Ohio real estate and Cincinnati Metro Area homes for sale. Bookmark us so you can find us easily and browse homes in Hot Communities or use our property search. Check out our reviews and see why you want to work with us.

Found 34 blog entries about Buy - Mortgage and Finance.

Rent or Buy a House - Busting 4 Common Myths

According to a recent ​report​ by Harvard University’s Joint Center for Housing Studies, the past 15 years have seen a drastic shift in how Americans approach renting and owning with many questioning whether to rent or buy a house.

More people are renting, while fewer are buying houses. In fact, the average annual growth number for renters is now approaching the peak number for ​home buying reached in 2006, just before the housing market crash. 

rent or buy a house

The reasons for such explosive rental growth are numerous: lingering effects from the economic collapse in 2008, the revitalization of many urban cores, Baby Boomers aging out of their houses, and high rates of student loan debt among Millennials.

Should

1,889 Views, 0 Comments

Making Real Estate Offers Explained

Hello readers and followers, back today to talk about what goes into making real estate offers but simplified and thought I'd throw in some other tips and links for home buyers to check out.

Think of making a real estate offer like a relationship. The first step is getting ready to propose and then the proposal itself and hope your offer is accepted.

real estate offers

On that note, getting ready for the proposal requires some due diligence. Here are some handy articles all home buyers should read before making real estate offers:

fico score vs credit score debt-to-income-ration, the magic number

For making real estate offers, Realtors use a variety of similar forms and they vary from MLS territory to MLS territory and

1,021 Views, 0 Comments

FICO Score vs Credit Score - Credit Score for Home Loan

One of the biggest surprises for home buyers and home owners thinking about refinancing is finding out a FICO score vs credit score is greatly different and the credit score for home loan requirements of mortgage lenders are different for mortgage loans.

fico score vs credit score

Time for a tip! Start working on your credit now, and also work on your debt to income ratio. The vast majority of credit scores contain errors and if you want a qualified home loan which offers the best rates and terms you need to meet or exceed the current debt to income ratio requirements

Debt to income ratio requirements

Since the credit score for home loan requirements are different, your credit score could be surprisingly lower

3,747 Views, 2 Comments

The Frank-Dodd Act – Mortgage Lending Today

In 2010, a horrifying year for the economy and real estate market President Obama implemented the Frank-Dodd act. An action brought on to combat and end predatory lending like negative-amortization mortgages, sub-prime loans and giving loans to buyers that weren’t fiscally fit for the size of mortgages issues.

It was a terrible time back then, in the beginning unknowing consumers who were perhaps not the best money managers were ecstatic to be given a loan for a home, only to lose it later to foreclosure over cash flow issues, job cut backs and a geriatric economy. This in turn only further damaged people’s credit.

frank dodd act how hard is it to get a mortgage

In the end, nearly 8 million U.S homes fell into foreclosure, home builders saw their

2,952 Views, 2 Comments

Debt to Income Ratio - The 43% Target

Before a first time buyer, or any home buyer sets out to start viewing properties, getting pre-approved is one of the crucial first steps, but examining your debt-to-income ratio is best done before applying for a home loan.

Why is the debt-to-income ratio of 43% such an important percentage and factor?

debt to income ratios qualified mortgage

This ratio speaks to a home buyer’s financial capacity not so much in terms of buying a home but capacity to faithfully pay on the mortgage and not go into default – as much a concern for the lender as it should be for the home buyer.

For purposes of getting pre-approved for a mortgage, your debt-to-income ratio is calculated simply by adding up all your monthly debt payments and then divide the total

7,095 Views, 2 Comments

11 Tips to Prevent Real Estate Closing Delays

If you’re thinking of buying a home, selling a home or perhaps already in the process, one of the most painful things a first time buyer, or any home buyer, can face is a delayed real estate closing which can cause a great deal of upset.

Bookmark this page! If you are selling a home, these tips will serve you well as they would a home buyer. 

real estate closing

Buying a home in SW Ohio?

Just because you have a closing date, or just going with what generally accepted time frames are is no guarantee that your real estate closing will happen in a timely manner.

There are many reasons a real estate closing can be delayed, some of it falling on the seller’s shoulders, some on the agents involved and some delays are

6,277 Views, 3 Comments

Greg's Picks, 30 Real Estate Blog Articles, August 2016

Back again to post my top picks and awesome sauce of real estate blog posts and articles for the month of August 2016

Why these articles? As active Realtors, my business partner Marty Snyder and I hate hearing about someone's bad experience with other real estate agents and love it when we get our chance to work with these clients and show them what a good experience can be.

real estate blog august 2016

On that note, not only do Marty and I blog about real estate, posting helpful articles packed with time and money saving tips for buyers, sellers and homeowners but also connect with great, experienced real estate agents around the U.S and abroad through social media.

I choose a selection of articles each month

10,738 Views, 0 Comments

Greater Cincinnati Area Homes for Lease and Sale 08/22/2016

Whether you need a place to lease or investigating the homes for sale, Cincinnati Ohio offers, there are a lot of great southwestern Ohio communities to choose from. 

I put together this little mini-guide on some of the most popular communities and what's available for lease or sale in these markets. Explore the possibilities and listings below.

If you would like some help with buying a home, my business partner Marty Snyder and I buy and sell dozens of homes every year and can save you thousands on a purchase.

cincinnati ohio homes for sale or lease

See our verified testimonials and reviews.

Too, we invite you to explore our blog, thousands of readers visit daily to learn about home buying, financing, mistakes to

4,439 Views, 2 Comments

Buying a Home for the First Time

Though real estate is a highly local phenomenon, today’s market is still moving fast with regard to buyers facing stiff competition in many cities around the country and buying a home for the first time or even second time requires being on the ball and fully prepared.

My business partner Marty Snyder and I counsel buyers that “want to sleep on it” greatly increases the chance (in most markets) that another offer will be presented and accepted or find themselves in a multiple offer situation and resultant bidding-war when the call for "highest and best" goes out.

buying a home for the first time

One of the things that can hinder buying a home for the first time is too great an expectation of deep discounts.

Currently around SW Ohio and the

7,933 Views, 5 Comments

Greg's Picks,30 Real Estate Blog Articles, July 2016

Back again to post my top picks and awesome sauce of real estate blog posts and articles for the month of July 2016.

real estate blog

Why these articles?

I choose the articles based on questions buyer and seller clients ask Marty and I for the value these articles hold for buyers, sellers and homeowners.

Articles and posts are from notable real estate agents and also real estate industry related companies like mortgage, title or home improvement professionals.

Learning is always a good thing - buying, selling or a homeowner you can save money and time, protect your investment and improve the quality of your experience and living..

Comment freely; you won't end up on any email list. Links to your

5,158 Views, 5 Comments