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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
"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
Archive for the 'Mortgage/Finance' Category
The Avg American Mtg last 4.2 years
September 27th, 2006 categories: For Home Buyers, Mortgage/Finance, Real Estate News
According to Fannie Mae (The Federal National Mortgage Association,) the average American mortgage lasts 4.2 years.
That doesn’t mean that people? move an average of every five years or so, but it does mean that they? sell or refinance every 4.2 years.?
The average American DOES move every Seven years though.? Chances are these […]
Authored by Joe | Discussion: No Comments »
option arms (or) You always have to pay the piper (sometimes)
August 9th, 2006 categories: Mortgage/Finance, Real Estate News
Wednesday, 09 August 2006
I had a wonderful past client call me this morning.? His elderly mother is getting slammed by prescription drug costs and they share a concern over her continued ability to pay her mortgage.? In fact, I got the feeling it’s past that point….
I can hardly think this scenario is uncommon.? […]
Authored by Joe | Discussion: No Comments »
Mortgage Rates fall, Again, A bit, For Now
August 3rd, 2006 categories: Mortgage/Finance, Real Estate News
I don’t pretend to be the Chairman of the Federal Reserve board or have a Masters degree in marketing.I am pretty knowledgeable when it comes to Mortgages and home buying/selling money matters but let’s face it, it’s not my area of expertise.
That’s why I occasionally post things like this. I think it’s important that buyer’s […]
Authored by Joe | Discussion: No Comments »
Have to sell before you buy? Some things to think about . .
May 4th, 2006 categories: For Home Sellers, Mortgage/Finance, Real Estate News
?
The daily reporter today had a great article about selling your home and buying your next home and the stress that goes with it.
The way I do things is like this:
Take the sellers out and show them some homes they might like
If they find some they like, chances are they’ll find some when it’s […]
Authored by Joe | Discussion: No Comments »
FREE Money for Buyers - The Mortgage Credit Certificate
May 1st, 2006 categories: For Home Buyers, Mortgage/Finance, Real Estate News
This is a super deal that sounds too good to be true. In reality though, it’s the real thing. If you are buying a home, especially in a targeted area, be sure to ask your lender about this program. Fist come, first served, I believe.
As always, use programs like these responsibly.
2006 MCC Tax Program
Mortgage Credit […]
Authored by Joe | Discussion: No Comments »
The IRS says Downpayment Assistance Programs Essentially Illegal
April 14th, 2006 categories: For Home Buyers, Mortgage/Finance, Real Estate News
This is a big deal and a bit of blow for those who need to use the looser debt to income ratio and income guidelines that FHA allows.
I was a little surprised to learn that about 1/3 of all FHA loans use these types of programs. The best known include Ameridream, Nehiamiah and Neighborhood gold. […]
Authored by Joe | Discussion: No Comments »
It’s now a little easier to get an FHA Loan
April 7th, 2006 categories: For Home Buyers, For Home Sellers, Mortgage/Finance, Real Estate News
This change was made as of Jan. 1, 06 but I still see some of these conditions having to be repaired as part of the FHA process. I know lenders are mostly aware of this as are most appraisers. To you, the home buyer or seller, it means being able to buy a house without […]
Authored by Joe | Discussion: No Comments »
Is your Offer to Purchase Info confidential?
December 6th, 2005 categories: For Home Buyers, For Home Sellers, Mortgage/Finance, Real Estate News
Well, yes and no.
If you are a buyer who, through your Realtor representing you and only you exclusively, makes an offer on a property, do you have the expectation of confidentiality?
–From your Realtor, yes, absolutely. Your Realtor owes you the duty of confidentiality and she may not tell others in her office or neighbors any […]
Authored by Joe | Discussion: 1 Comment »