Real Estate Westlake, Elyria, Avon, Ridgeville, OH

  From REALTOR MAG Daily Real Estate News  |  November 26, 2010   New Lending Guidelines Benefit Young Borrowers Under Fannie Mae's new lending guidelines, which will take effect Dec. 13, securing a mortgage will become easier for some borrowers and more difficult for others. These new rules will allow ...

BIG Change for FHA Buyers The following is the change that will take place on and after Sept. 7th1.)          Upfront MI to be decreased from 2.25% to 1.25%2.)          Annual MI to increase as follows; (Keep in mind the present annual MI premium is .55% ...

30-year fixed-rate mortgages hit a new record low  The weekly mortgage rate reports released Thursday indicate 30-year fixed-rate mortgages hit a new record low.Examples of monthly payments:Assuming 20% down and 30 Year mortgage at 4.375% interest rate (APR 4.551%)  as provided by Russell’s preferred lender American Midwest ...

Jan 2010 - Real Estate Market Reports for Westlake, North Olmsted, Elyria, Fairview, Bay Village, Grafton, Avon, Wellington, Lorain & Cuyahoga Co. according to data gathered from NEOHREX(Northeast OhioReal Estate Exchange): Westlake:      Jan 2009    Sold 12  ...

FHA Changes for HomebuyersFHA Changes . .Effective date April 5, 2010 – . . .Waiting a few extra days or weeks to purchase a home this spring couldcost buyers thousands of extra dollars as the Office of Housing and UrbanDevelopment (HUD) implements several changes for loans guaranteed bythe Federal Housing Authority (FHA). Coming just weeks ...

Buyers need to know - FHA announced changes:     1.       Up front mortgage insurance to go up from 1.75% to 2.25%    2.        Raise credit score requirement    3.     Max seller concessions to be decreased from 6% to ...

Move Up Buyers Tax Credit Move Up Buyers are now included in the newest Tax Credit legislation. Tax Credit is Not just for 1st time buyers anymore. Existing Homeowners who plan toMove UP/Move Over/ Move Down This new $6,500 tax credit is for YOU ! YES, the new expanded tax credit legislation now says,  “ long-time homeowners who buy a ...