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 ...

 Oberlin: Reminder from Santa’s Elves Santa’s elves want you to know on Friday, November 26th at 6:30pm Santa will be on the corner of East College & Main, right in front of the Oberlin Inn.Come early to shop the locally owned Oberlin stores such as the five and dime Ben Franklin’s.   ...

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 ...

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 ...