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Renters: Are You Ready to Buy a Home?

Most renters are planning to buy a home at some point. If so, they are probably saving up for the down payment right about now. Besides that obviously step, here are four more advanced steps towards moving out your rental and into a dream home of your own. Understanding the full cost of homeownership As a renter, you are used to [...]

Down Payment: How much you should save to buy a home

Is buying a home on the horizon for you? Have you started to save up for the down payment? Let’s first start with the basics of what a down payment is. A down payment is the amount of money you will spend upfront to purchase a home and is typically combined with a home loan to fulfill the total purchase [...]

May 3rd, 2016|

Components of a Mortgage Payment

Before you dive into buying a home, it is important to know what your money is going to each month. Your monthly mortgage payments are commonly referred to as a “PITI” or principal, interest, taxes and insurance. PMI and homeowner’s association dues may also make up a portion of your total payment. Principal: The original amount of the loan. Interest: [...]

April 21st, 2016|

Is Refinancing Right for you?

It is no question that mortgage rates are low right now, the real question is how long are they going to stay like this? Well unfortunately there is no exact answer for this but rates are looking to increase by this time next year. So would this be the right time for you to refinance? Let’s start with the basics. [...]

April 14th, 2016|

Tips for a Quick Closing

If you look at our reviews or testimonials, you’ll notice that so many of our customers have stated how happy they were with the timeline of their experience working with First Ohio Home Finance. The customer’s timeline is always a number one priority, it is important to be upfront with your Loan Officer about your timeline, it is also helpful [...]

April 1st, 2016|

VA Mortgage Loans

In 1944, as part of the G.I. Bill, the Department of Veterans Affairs launched a mortgage program to help returning service members purchase a home. The VA loan program is still available and remains an important part of the benefits package for veterans and active members. The VA Loan is a mortgage loan issued by approved lenders, like First Ohio [...]

March 24th, 2016|

What is an FHA loan?

FHA Loans have been helping people become homeowners since 1934. It is the largest insurer of residential mortgages in the world, insuring tens of millions of properties. Borrowers with these loans pay for mortgage insurance, which protects the lender from a loss if the borrower defaults on the loan. Borrowers can qualify for an FHA loan with a down payment [...]

March 18th, 2016|

Topics to Discuss with your Loan Officer

  In order to have the most successful and efficient loan approval process, communication with your loan officer is crucial. The Loan Officers here at First Ohio Home Finance go above and beyond to create lasting relationships with their customers. Before the process begins, here are a few things you might want to discuss with your loan officer. Communication – [...]

March 11th, 2016|

What tax Season means for Homeowners

                Tax season is upon us! Whether you already own a home or are looking to buy in the near future this is important information. For being a homeowner, there are many deductions you could receive when filing your taxes. Let's check out a few: Mortgage Interest. When buying a home the interest [...]

March 4th, 2016|

Tips for buying a home this spring

                    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 [...]

February 25th, 2016|Tags: , , , |