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"As a first-time homebuyer, I was nervous about the entire process. Step by step, Joe made it easy and fun. His expertise in the Columbus real estate market is a tremendous asset. He is highly recommended!" - Nicolette Horan, March 08
"I wanted to say thank you again, so much, for all your hard work. I know that you really put a lot of time into this transaction and I really, really appreciate it. I'm so happy I got the house and it all worked out and I just wanted to say thanks again, you did a great job and i really appreciate it. I will put that on the survey when they send it to me.
If there is ever anything I can do for you, please don't hesitate to give me a call. I will refer every single person I know to you. I'm going to go get my dog and we're going to sit on the floor of our new house and have a glass of champaign. Thanks a lot Joe" -- Michael Mamp, Feb 08
Archive for the 'Mortgage/Finance' Category
Daily Mortgage Updates & Tips
April 25th, 2008 categories: Mortgage/Finance
Today’s Rate: 6.000% 30 years or 15 years at 5.625%*
When it comes to buying a Columbus homes, I find many people are very uncertain about the mortgage end of the process. Not just first time buyers either, but move-up buyers and experienced sellers. For good reason too, getting a mortgage isn’t too terribly difficult of a process, […]
Authored by Joe | Discussion: 1 Comment »
100s of H.U.D. Homes will Soon Hit the Columbus Real Estate Market
April 21st, 2008 categories: Mortgage/Finance
The Department of Housing and Urban Development (HUD) is in charge of disposing of Foreclosed Homes in Columbus. Over the last 18 months or so, they have used 3 different middle man companies and are about to embark on the fourth.
Over the last 6 weeks or so, no new HUD homes have come on […]
Authored by Joe | Discussion: 1 Comment »
Homes for Heroes - a Columbus Area First Time Home Buyer Program
April 1st, 2008 categories: For Home Buyers, Mortgage/Finance
You already know about the Bat Cave & the Fortress of Solitude, but do you know there is a program out there for Ohio’s so called heroes where, if you qualify, you can get some pretty nice rates?
Ohio Heroes work hard every day in critical jobs to make a difference in our lives. The Ohio Housing Finance […]
Authored by Joe | Discussion: 1 Comment »
Pre-Approved? Think Again, You May Not Be. A Cautionary Tale
March 28th, 2008 categories: Mortgage/Finance
Everything in the mortgage industry is changing on a daily basis. Each week, each day, these changes are effecting the Columbus Real Estate Market in very real ways. If you were pre-approved by your lender more than a week ago and you are about to call and begin seriously looking at homes for sale in the Columbus area, […]
Authored by Joe | Discussion: 9 Comments »
Can’t See the Housing Market Through the Trees? 2007 Columbus Real Estate in a Nutshell
January 25th, 2008 categories: Mortgage/Finance, Real Estate News
Lots of bad news in the headlines and on the airwaves about “The Real Estate Market” over the last couple days. Remember that most media stories are greatly effected by larger east and west coast markets and that all Real Estate is Local. Here are some facts and figures on our market, here in Central […]
Authored by Joe | Discussion: 2 Comments »
Bad Economic News means Good News for Home Buyers
January 24th, 2008 categories: Mortgage/Finance
Global Markets sinking? Stock Markets Plummeting? Is the R-Word getting tossed around in Washington?
Then the annual percentage rate you receive on your mortgage is probably going down. Locked your rate already this month because you didn’t think it’d go any lower? Check again.
This morning mortgage brokers and lenders at banks weren’t even sure what the […]
Authored by Joe | Discussion: No Comments »
Speaking of FHA
December 15th, 2007 categories: Mortgage/Finance
Congress should soon pass a bill to lower the down payment on FHA loans to 1.5% (from 3%) and increase the mortgage amounts to $417,000. This could especially help you out if you’re on the fence for a conventional loan.
A version of this has already passed 348 to 72 so we could be looking at […]
Authored by Joe | Discussion: 1 Comment »
Mortgage Bail Out?
December 5th, 2007 categories: Mortgage/Finance
Today, it was reported that a coalition of lenders, loan servicers and investors have reportedly agreed to a plan that would freeze interest rates on some subprime mortgage loans for five years.
Borrowers with loans made between Jan. 1, 2005, through July 30 of this year who face interest rate resets between Jan. 1, 2008, and July 31, 2010, […]
Authored by Joe | Discussion: 1 Comment »