25 09, 2017

Single Women Home Buyers

2021-09-28T16:54:31+00:00September 25th, 2017|Blog, Buying a home|

Building equity is important for everyone, no matter if you are male or female. Single women home buyers face challenges, but no challenge is big enough to stop them from achieving their home buying dreams and increasing the value of their homeownership in a timely manner. First Ohio Home Finance wants to help you start achieving those goals as soon as possible, here are a few tips to get started.

Getting Started  

Can you afford to buy a home? Is your credit score strong enough? Do you have enough for a down payment and closing costs? These are questions to ask yourself before you start shopping. Affording a home means more than making a mortgage payment. It also includes paying taxes, insurance, repairs and maintenance, utilities and possibility HOA dues and other fees. It is important to research these hidden fees and find out if you can afford them. Our mortgage calculator can help you answer some of those questions!

If saving for the down payment is an issue, our Loan Officers are here to find the right loan for you. They will also help you get pre-approved. This will give you a competitive edge when you go to buy a home and sellers will respect your offer more with a mortgage pre-approval.

Long-Term Investment

You want to love the home you purchase. There may be things you love about the house and things you aren’t in love with but willing to work with. When looking at home, focus on the potential profit. As much as we want these homes to be forever homes, it usually does not happen that way. New jobs, kids, pets and many more circumstances could affect the amount of time you spend in a home. When it comes time to […]

12 09, 2017

Loan Officers & Real Estate Agents

2021-09-28T16:54:33+00:00September 12th, 2017|Blog|

Loan officers and real estate agents are key players in the home buying process. Real estate agents may from time to time get a cash buyer, but in most instances buyers are taking out loans, which requires a loan officer’s help. Long-term relationships with referrals from real estate agents help loans officer keep volume up, which means it is important for them to cultivate these relationships. Here are tips to help loan officers and real estate agent relationships.

Be Accountable

No matter what team you are on, every member needs to be accountable. This team is no exception. Each member of the team needs to be upfront with the other person about timelines, any problems that arise and goals. As long as you are accountable for your part in the process, the other members will respect that and honor that in future transactions. During your first interactions with the real estate agent, be clear about your role and what you can and cannot accomplish. Real estate agents will respect that and want to work with you in the future because of these qualities.

 Establish a Communication System

Throughout the home buying process, communication plays a key role for all parties involved. From the start, it is best to establish what form of communication works best for everyone. Some people prefer texting, phone calls or emails so it is best to talk about that in order for the process to move as quickly as possible. The real estate agent is often the first line of communication for the customer, it is up to the loan officer to ensure they are informed about everything that is going on on their end. If you have a system for how you work, make sure to communicate that to the […]