Why should I get prequalified before I make an offer on a house? Recently a buyer asked me “Why should I get prequalified before I buy a house?” They were under the impression that you get prequalified once you have an offer and are ready to take out a loan. I was happy to explain to them why I ask … [Read more...]
QE3 and the impact on Cincinnati Real Estate
Yesterday the FED announced QE3, a program to impact the economy by lowering long term interest rates through bond buying. Nationally the real estate market is strengthening and could help lead to economic growth, hopefully spurred on by QE3. So we wanted to look at how QE3 will impact the … [Read more...]
Looser Lending Restrictions Signal the Rebound of the Real Estate Market
Capital Economics expects the housing crisis to end and the overall real estate market to rebound this year primarily because of the loosening of the credit post-recession. A few things are changing within the credit market that are favorable for borrowers. While the credit score required for a … [Read more...]
Federal Government Considering Changes to Mortgage Downpayment Amounts
The Federal Government, in response to the mortgage crisis, is making changes to their rules that require banks that initiate loans have to hold onto portions of those loans. Part of the reason that the mortgage crisis occurred was that lenders would initiate the loans and then sell off those loans … [Read more...]
Cincinnati Real Estate Mortgages Rise
Local Cincinnati mortgage rates are rising while the rest of the nation's rates are falling, according to Cincinnati.com. At the end of July the average rate for 30-year fixed loans was 4.54 percent nationally while in Cincinnati the average 30-year rate was 4.76 percent. The article give no … [Read more...]
