Which is better, a 30-year or a 15-year fixed rate mortgage? A common and important question which, when answered, affects both the monthly payment and the amount of interest paid on a mortgage loan. While paying less interest over a shorter timeframe seems to be the obvious answer, the difference in monthly payment is surprising to some.
For instance, on a $300,000 note at 6.25 percent over..(read more)
We frequently hear we’re supposed to regularly check our credit reports. And staying on top of this is especially important when starting to shop for a new home. There are three main credit bureaus: Equifax, Experian, and TransUnion. These bureaus store consumer credit histories by the millions, and hundreds of thousands of businesses tap these bureaus for their data about you. Unfortunately,..(read more)
"Homes are not selling!"
"The market is down!"
"Listings are just sitting out there forever!"
"Nothing is moving today!"
Does this sound familiar? Maybe a co-worker of yours, a friend, someone you sat next to at lunch yesterday said these things? Maybe, even your real estate agent said this - (if so, you may need a new agent!) ..(read more)
For first-time buyers, often the first thought that comes to mind is, “I need a down payment.” This is often followed by the question, “Now, where do I get that down payment?” I have been recently doing some work with Dayton Metropolitan Housing Authority helping them with a new program they have for Section 8 tenants. This new program is helps Section 8 tenants..(read more)
I have chagned the front page of my website and I would like to know what you think of the addition. I have added several different graphs to my welcome page so people could see, at a quick glance, the average sale price and inventory of their city or the area where they want to buy. I invite you to take a look at the site, located HERE, and tell me what you think. ..(read more)
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Owner financing has been a popular practice in previous real estate downturns. Current market conditions and upheavals in the mortgage industry have given rise to a new-found interest in this idea. If you own your property outright, have a..(read more)
There is much talk in the current market, at least in the Greater Dayton area and most of the SW Ohio area about whether or not this is a good market to buy a home in. I only have one answer for this: YES!! This is an OUTSTANDING market to buy a home in because interest rates are still very low, mortgage money is readily available for those who qualify, there is plenty of home inventory..(read more)
We can help you save potentially $1,000's of dollars on your next home purchase with our extensive knowledge of creative financing and how to have the home seller of the property you are buying be HAPPY to pay for it for you! Please register on our website or email us directly here: sold@JohnYouker.com for more information on how we can help you save money on your next purchase.
We not..(read more)
Buydown purchase plans or "buydowns" are monetary subsidies given to a home buyer to lower his effective interest rate, his monthly mortgage payments, and help him qualify for the loan. In times past the homebuilder or seller of the property was generally the party who provided the funds necessary to provide the buydown from sale proceeds. Today, other parties in addition to seller or builder..(read more)
One of the most important things in determining if someone is qualified for a home mortgage loan is credit – especially in today’s tightening loan market. Of course there is no minimum credit score required for FHA or VA loans, but for conventional loans, credit score means everything. Yet most people know very little about how credit agencies work or more importantly, how a..(read more)
