The article reports on the agreement of nine mortgage lenders to a contract with Ohio Governor Ted Strickland that would help bring down the state's rising foreclosure rate. As part of the agreement, the lenders would consider modifying adjustable-rate mortgages and subprime mortgages, and would ...
Sufficient Equity: Lenders typically require borrowers to have a minimum amount of equity in their primary home, second home, or investment property, often around 15 to 20 percent of the home’s appraised value after subtracting any existing mortgage balances. Good Credit Score: A strong credit ...
Payday loans are legal in the state of Ohio under Ohio Revised Code 1321.35 et seq. The Short-Term Loan Act does not license payday lenders, and payday loans made under the Ohio Mortgage Lending Act or Ohio Small Loan Act can result in rates of nearly 600%. ...
For years, mortgage lenders and consumers, as well as other real estate professionals have depended on Atlas Land Services LLC to provide high-quality valuations on a wide assortment of property in Ohio County. By continuously analyzing local real estate trends in Ohio County and staying current ...
If your home is distressed, inherited, going through probate court, or you are facing a financial crisis such as foreclosure or struggling to pay the mortgage loan on your house, a company that buys houses usually makes more sense than a real estate agent. Local real estate investors or hous...
A mortgage that is deemed a High Priced Mortgage Loan requires that lenders verify the consumer’s ability to repay the mortgage as follows: Verify income to cover repayment ability through W-2, tax returns, pay-stubs, financial institution records or third-party verification ...
My name is Carlos Scarpero and I’m on a mission to help you leverage your VA mortgage benefits.
“balloon payment” at the end of the agreement. Many buyers end up applying for financing at this point, in the form of a mortgage. However, suppose the buyer chose the land contract route initially because that buyer could not get approved for a traditional mortgage. In that case, they ...
While homeowners insurance coverage is not a legal necessity, it is mandatory when it comes to obtaining and keeping a mortgage. Lenders need to know that their investment is covered so that they don’t lose money in the event of a loss of the property. ...
For years, mortgage lenders and consumers have depended on Appraise Ohio, LLC to provide high-quality valuations on a wide range of homes in Central Ohio. By continuously analyzing local real estate trends in Central Ohio and staying current on valuation techniques through accredited courses, we've...