“Special” ’Spesh – ?l – Defined as being different from what is normal; unusual in a good way; better or more important. Special is not special when it defines the type of deed the Buyer will receive. Ohio, by statute, provides for three specific types of deeds that are used to transfer title to real […]
Category Archives: For Buyers
Tips for Deducting Moving Expenses
Are you planning a move for a new job? Are you relocating to find a new job? Are you moving and self-employed? Good news: If you meet any of these criteria, you may be eligible to deduct your moving expenses. Few people realize how generous the rules are about moving expenses and often overlook this […]
FHA Payoff Rule To Be Revised
Can you be charged interest on your mortgage even after you’ve paid it off in full? Can the meter keep running when you owe the bank nothing — your principal balance is zero? Surprise! Much to the chagrin of large numbers of home sellers and refinancers, the answer for years has been yes. If your […]
Remedy Request Q&A: Should I Request Repairs or Seller Concessions
Q: The home inspection just completed on a home I have under contract turned up some issues. Should I insist the repairs be completed before closing? A: It depends. Everyone wants a smooth closing and home inspection negotiations are definitely a place where a deal can fall apart. Here are some things you’ll want to […]
Remedy Request Q&A: Should I Request Repairs or Seller Concessions
Q: The home inspection just completed on a home I have under contract turned up some issues. Should I insist the repairs be completed before closing? A: It depends. Everyone wants a smooth closing and home inspection negotiations are definitely a place where a deal can fall apart. Here are some things you’ll want to […]
How Long Does it Take to Close on a Home Purchase
How long does it take to close on a home purchase? If you are a cash buyer theoretically you can close as soon as you like. If you intend to finance your purchase with a mortgage the process can take a bit longer. Average Purchase Closing Time : 30 Days Nationwide, as demand and competition for homes for […]
Lenders Loosening Mortgage Underwriting Standards as Rates Rise
LendingTree’s monthly Credit Accessibility Report shows the average accessibility score for U.S. borrowers rose from 103 to 106 between July and August, indicating that borrowers had easier access to mortgage credit making it easier for homebuyers to qualify for a mortgage. The Credit Accessibility score is benchmarked at 100, using data from the full year […]
Lenders Revive ‘Lock and Shop’ Programs
As mortgage rates have start what was certain to be their inevitable ascent, some lenders are bringing back ‘lock and shop’ programs to assist borrowers in purchasing a home. With ‘lock and shop’ programs lenders will credit approve a homebuyer and then lock in their interest rate BEFORE they find the property they want to buy. As with standard […]
Lenders Revive 'Lock and Shop' Programs
As mortgage rates have start what was certain to be their inevitable ascent, some lenders are bringing back ‘lock and shop’ programs to assist borrowers in purchasing a home. With ‘lock and shop’ programs lenders will credit approve a homebuyer and then lock in their interest rate BEFORE they find the property they want to buy. As with standard […]
New Homes Offer Lower Operating Costs Allowing Buyers to Afford More Home
The National Association of Home Builders (NAHB) is showing home buyers why they can afford a higher priced home if it’s new construction. Using data from the Census Bureau and Department of Housing and Urban Development’s 2011 American Housing Survey, NAHB found that buyers can purchase a more expensive newer home – meaning homes built […]
