Real Estate Westlake, Elyria, Avon, Ridgeville, OH

Russell Real Estate Services and Linda A Gray are prepared to help you with all your real estate needs in Cleveland’s far west side suburbs. If you plan to buy or sell a luxury home in Westlake or a 4 acre country lot inWellington or make a move in Elyria, North Ridgeville, North Olmsted, Avon, Bay Village call 440-477-1841.One thing we know ...

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 Seller Concessions to Buyers Sometime this summer, the Federal Housing Administration plans to slash maximum "seller concessions" from 6 percent of the home price to 3 percent. Real Estate agents and lenders along with homebuyers and sellers will need to move quickly to take advantage of the 6% seller concession currently allowed by ...

Have Interest Rates Bottomed and Now Going Up! According to the weekly Rate Trend Index from Bankrate,   rates have bottomed. 62% of the expert panelists expect mortgage rates to remain unchanged over the next seven days. While 38 % believe rates will increase in the coming week. (DSNews 6/3/10)The time to buy is now!    Get ...

Mortgage Rates  Lowered this week…5/28/10 Home buyers are excited to learn mortgage rates dropped again this week to near-record lows. This means lower monthly payments or ability to afford higher price home. According to Freddie Mac, interest on 30 year fixed loans averaged 4.78 percent compared to 4.84 percent last week, while the ...

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 ...

Home Buyer Tax Credit Housing prices are right, the housing inventory has much to offer and with the extension and expansion of the home buyer tax credit now is an ideal time to buy a home. In case you haven’t heard, Congress has passed new legislation that: -- Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time ...