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Archive for the 'Mortgage/Finance' Category
The Essence of the Global Economic Crisis
April 6th, 2009 categories: For Home Buyers, For Home Sellers, Mortgage/Finance
Distilled into a 10 minute, nicely animated, possibly oversimplified, video
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
Authored by Joe Peffer | Discussion: 1 Comment »
Money For Nothing – And a House for Free — OHFA rolling out 1st time homebuyer smorgasbord
March 27th, 2009 categories: For Home Buyers, Mortgage/Finance
Is it a beautiful environment for 1st time home buyers or what? The Ohio Federal Housing Finance Authority, on Monday, will be rolling out their newest offering, the Homebuyer Tax Credit Advantage Program. In addition to their other highly popular programs for 1st time buyers, (including my favorite the Mortgage Credit Certificates which creates an income [...]
Authored by Joe Peffer | Discussion: 1 Comment »
Need help with your existing mortgage? What new mortgage programs are available?
March 23rd, 2009 categories: Mortgage/Finance, Real Estate News
The Federal Government’s new site called “Making Home Affordable” is a good attempt to disperse information to those who need it most:
Refinancing
Many homeowners pay their mortgages on time but are not able to refinance to take advantage of today’s lower mortgage rates perhaps due to a decrease in the value of their home.
Modification
Many homeowners are [...]
Authored by Joe Peffer | Discussion: No Comments »
Some Columbus Home Buyers Will See Fee Increases
February 23rd, 2009 categories: For Home Buyers, Market Updates, Mortgage/Finance, Real Estate News
Fannie Mae, Freddie Mac plan big fee increases
Fannie Mae and Freddie Mac are both toughening their credit score and down-payment rules as of April 1.
In response, major lenders are already factoring in the higher fees, which reduces the effectiveness of the stimulus efforts.
Under the new guidelines:
Buyers with down payments of less than 25 percent will [...]
Authored by Joe Peffer | Discussion: No Comments »
Feeling Stimulated to Purchase a Columbus area Home?
February 20th, 2009 categories: Bexley, Clintonville, Condos & Lofts, Downtown, For Home Buyers, German Village, Grandview, Market Updates, Mortgage/Finance, Olde Towne East, Real Estate News, Short North
Two Quick Takeaways: It’s only for first time buyers — If you buy before the tax deadline this year, you can qualify for the $8000 NOW
Here is a quick re-cap on the Stimulus Plan and how it relates to Central Ohio home buyers in comparison to last Summer’s Plan:
Authored by Joe Peffer | Discussion: No Comments »
Think Your Columbus Area Home is Valued too High? How to Dispute Your Franklin County Property Taxes
February 14th, 2009 categories: Bexley, Clintonville, Columbus News, Condos & Lofts, Downtown, For Home Buyers, For Home Sellers, German Village, Grandview, Market Updates, Mortgage/Finance, Olde Towne East, Real Estate News, Short North
Lately, with so many great deals available, a hot topic of conversation is property taxes. Why are they so much? How can I reduce my Franklin County Property Taxes? If I buy this short sale or foreclosed home at a discount, how do I go about getting my taxes reduced and how long do I [...]
Authored by Joe Peffer | Discussion: 1 Comment »
What the Stimulus Plan may mean to Buyers of Columbus Homes
February 13th, 2009 categories: For Home Buyers, Market Updates, Mortgage/Finance, Real Estate News
A Quick Update on what I know this morning regarding the stimulus plan and how it may help you if you’re considering buying a Columbus home that is for sale.
Authored by Joe Peffer | Discussion: No Comments »
Ohio College Grads Buying Ohio Homes may Be in Line for Free Money
February 11th, 2009 categories: For Home Buyers, Market Updates, Mortgage/Finance, Real Estate News
Republicans in the Ohio Senate have said that a priority over the next 2 years is to introduce legislation that award a grant to Ohio College Grads as incentive to keep the newly-degreed workforce right here in the Buckeye state.
From Jim Siegel at Dispatch Politics, “Senate Bill 5 would create a $2 million annual grant [...]
Authored by Joe Peffer | Discussion: No Comments »
Will The Government Pay YOU $15,000 to buy a Columbus Home for sale?
February 6th, 2009 categories: For Home Buyers, For Home Sellers, Market Updates, Mortgage/Finance, Real Estate News
The economic stimulus bill making its way through the Senate has a provision for a $15,000 tax credit to home buyers who purchase in the next year.
All I’ve really been able to discover is that the Senate unanimously passed the amendment to give a $15,000 tax credit to home buyers who purchase in the next [...]
Authored by Joe Peffer | Discussion: 1 Comment »
