Let’s get started with an uncomfortable truth… If you’re patiently waiting for mortgage rates to return to 3%, you’re not being patient. You’re being nostalgic. And nostalgia is a terrible investment strategy.The question isn’t “Will rates plummet to 3%?”It’s “What does a stable 6% world mean for smart buyers and sellers?” Big Picture Most major […]
The Big Idea Donald Trump is floating a plan to make 50-year fixed mortgages available in the U.S., almost doubling the standard 30-year term (Read the story here). The headline: “Lower monthly payments for homebuyers, making homeownership more attainable.” But as with any bold new “breakthrough”, the devil is in the details. And we should […]
If you’re ready to dive into the real estate market but feel like your finances and credit score might hold you back, don’t worry. You’ve got options. Let’s break down four popular mortgage programs that can make your homeownership dreams a reality.
Last week as I was coming back from the Irish Festival, a friend of mine reached out to me out of the blue about a conversation we had a little while back. He said he was looking to start building a rental portfolio and asked “What are 3 things you wish you knew before getting […]
Finding a perfect home for you and your family sounds like a pretty big challenge. You will have to think about multiple things at once, like providing a safe and interesting environment for everyone. Ohio is the state that is good for raising a family in general, but you will need to narrow down your […]
You’re about to get the keys to a home you can see yourself living in for years to come. But some problems have cropped up that are making you nervous about closing on the house. Here are a few issues that are present in lots of homes for sale and how you can fix them […]
Housing Market Update Continued low inventory combined with rising interest rates is taking its toll on the local housing market! In 2021 buyers purchased 83.2% of available homes. So far in 2022, inventory is 11.6% higher than last spring because buyers are now only purchasing 80% of the homes available. Interest rates on a 30-year fixed rate have […]
There are many reasons why you would need to move to Ohio. Maybe you landed a better job; perhaps you want to be closer to your family; maybe your loved one is from a city in Ohio, etc. Even though these are more than legitimate reasons to move to Ohio, you still might have some […]
Homeowners at or over 62 years of age may qualify for a reverse mortgage. It allows you to use the equity in your home to cover expenses by putting cash in your pocket. You can also use a reverse mortgage to secure a new line of credit. Reversal mortgages do not come with monthly payments […]
Housing Market Update The increase in sale prices combined with the increase interest rates is already impacting overall home sales in Central Ohio! Over the last couple of years, nine out of ten homes listed were sold. 91.3% of homes listed were sold in 2021, and the average was 92.8% in 2020; however, for the […]
