home financing advice

Columbus Home Buyers, Prepare for Cautious Lenders

For the past 3 months, mortgage interest rates have been averaging below 3% for 30-year Conventional loans. But Columbus home buyers may find that lenders are feeling less generous these days, making any advertised, ultra-low...

Columbus Home Buyers Could Find Mortgage Approval Tougher

Columbus home buyers could be surprised by loan denials in the wake of quickly-changing mortgage guidelines. The economic impact of COVID-19 is causing lenders to raise credit requirements nearly across the board. The evolving underwriting...

Mortgage Pre-Approval Remains Essential for Columbus Home Buyers

Quick! How much home can you afford to buy? The answer might seem simple, but it isn’t! Columbus home buyers need to understand the difference between a mortgage pre-approval, and a mortgage pre-qualification. A mortgage...

Mortgage Strategies for Columbus Home Buyers

Making wise mortgage decisions can save you money as a Columbus home buyer! While you can’t control the direction of interest rates, you can put yourself in a position to receive the best possible mortgage...

Why Columbus Home Buyers Shouldn’t Fudge the Mortgage Application

Mortgage fraud is on the rise. But this time, it isn’t part of a bigger scheme orchestrated by white-collar thieves. Instead, there’s an uptick in home buyers who are attempting to cheat their way into...

Columbus Home Buyers Should Prepare for Higher Interest Rates

The Federal Reserve increased its benchmark lending rate by .025 in September, the third such increase so far in 2018. Analysts predict another possible rate hike in December. What does it mean for Columbus home...

Mortgage Pre-Approval Can Fall Flat on Home Buyers

A couple of our Buyer-Clients recently experienced a last-minute problem with their pre-approved mortgage. They came to us with a pre-approval in hand from a reputable lending institution, though the actual loan officer was someone...

What Columbus Home Buyers Should Know About Adjustable-Rate Mortgages

As Columbus home prices rise, more home buyers are using adjustable-rate mortgages to finance their purchase. Nationally, adjustable-rate mortgage applications jumped 40% from the first quarter of 2017 to the second quarter, coinciding with the...

Columbus Renters Should Prioritize Saving for a Home

Rising rental costs are making it more difficult for first-time home buyers to save money for a down payment, according to recent articles published by CNBC and Zillow. In many areas of the country, renters...

Columbus Home Buying…with Children!

If you have children, your Columbus home search may have special considerations. Naturally, you’ll want to find a home in a good school district. You may also want a home with a fenced backyard, with close proximity to neighborhood...