Monthly Archives: March 2017

//March
27 03, 2017

Tips for buying a home this Spring

March 27th, 2017|Blog, Buying a home|

It is not a secret that spring is a great time to put your home on the market. Prospective homebuyers can look at homes and condos without having to worry about trudging through snow or bad weather. Plus families search for homes during this time so they can move in the summer without disrupting the school year.

A seller’s market means that buyers have to be smart and prepared if they want to get the right house at the right price. Agents suggest that prospective buyers start by looking at home online, narrowing down neighborhood choices and deciding between must-have and preferred features.

Here are tips for buying a home this spring:

• Get mortgage prequalification or preapproval before you start looking. As with any purchase, you need to know what you can afford. If you do this before you start shopping it will help narrow down your options and makes your offer more competitive.
• Do your research. Use the internet and different apps to research neighborhood and asking prices for the type of home you want.
• Have the documents ready. In order to obtain a mortgage you will need documentation to complete the qualification process. Check out the full list of what is needed on our website: http://firstohiohome.com/purchase-home/mortgage-checklists/
• Be ready to move fast. A well-located house in good condition and priced right will sell quickly; it can even be the first day it goes on the market. A buyer needs to be ready to commit if they find a home they like because they risk the chance of losing it if they don’t. One of the things First Ohio Home Finance is known for is how quickly they work for their customers.
• Understand that no house is perfect. Making your offer contingent on a […]

23 03, 2017

First Ohio Home Finance Welcomes 2 new Employees!

March 23rd, 2017|Blog|

 

First Ohio Home Finance welcomes two new employees to the Uniontown office. On the left, Ryan Hollendonner has been in the mortgage industry for over 10 years. He strives on earning the trust of his customers through outstanding customer service and satisfaction. He offers a complete line-up of mortgage products, including FHA, VA, Conventional and USDA, at very competitive rates. He believes truth is of the utmost importance in a mortgage transaction and you will get nothing less from him!

Ryan’s contact information:

330-896-1222

ryanh@firstohiohome.com

On the right, Mark Rodriguez. Mark’s mission is a commitment to high quality and personal service developing a relationship that extends beyond the initial transaction forming a lifetime partnership. He enjoys understanding people’s unique situations and helping them achieve their financial goals, whether it be through monthly savings or purchase their home. He loves making a difference in people’s lives.

Mark’s contact information:

markr@firstohiohome.com

 

 

7 03, 2017

Use your tax Refund to Purchase/Finance a Home

March 7th, 2017|Blog, Buying a home, General, Home Finances|

Use your tax Refund to Purchase/Finance a Home

It is tax season which also means refund season! Tax refunds help people either become homeowners or make an extra mortgage payment or two. For first time homeowners, one of the biggest obstacles is coming up with the down payment. So, there is no better time to qualify for a new home than now if you save your tax refund! Sometime a tax refund may actually cover the whole down payment on a home purchase. If your tax refund does not cover your down payment, you will be in better shape financially than you were before you got the refund. If you put it straight into savings, you will have that down payment before you know it! Tax returns may be used as assets so down payment right away.

If you are applying for a loan that does not require a down payment (click here to learn about those loan types) it is still smart to save your tax refund. You could use the tax refund for any of the following:

  • Pay closing costs
  • Pay off debts to help you qualify
  • Keep the refund in the bank as reserves. The more reserves equal better chance of approval
  • Pay down credit card balances to raise credit scores
  • Have money for furniture and emergency funds as a homeowner

It is perfectly fine to apply for a mortgage loan when you have not yet received your refund yet. When you are filling out the application, we can just assume the amount that you will be receiving. As long as we can prove that the funds are in your account prior to the final underwriting approval.

Do you already have a mortgage loan on your home?

That is […]

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