Contact Team Annett: (p) 513-527-3060 (e) teamannett@gmail.com


Buying

Caution: Home Equity Lines of Credit

Posted in Buying, Credit Score, Home Equity Lines, Mortgage, Pre-approval on May 10th, 2011 by Lindsay – Be the first to comment

More than ever, you should make sure you know what is on your credit report – and the steps that should be taken if improvement is needed. One thing that many people do not know is that The Home Equity Line of Credit (HELOC) can impact your credit score quite significantly and sometimes unfairly.

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Top Items That Can Delay a Closing

Posted in Appraisal, Buying, Mortgage, Selling on April 27th, 2011 by Lindsay – Be the first to comment

There are several reason’s why a closing may not occur on time, or even at all. Here are some of the main obstacles that may delay your deal:

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Top 10 Do’s and Don’ts During the Loan Process

Posted in Buying, Credit Score, Mortgage on March 30th, 2011 by Lindsay – Be the first to comment

Did you know that most lenders pull your credit report a couple of times during the loan process? Keep in mind that they typically pull a new credit report prior to closing the loan, and if your credit scores have dropped, you may no longer qualify for the rate or program that you are attempting to get. Credit scores are very important as all lenders qualify you by your credit score as to which criteria you fit and every loan has different criteria attached. The loan to value, the debt to ratio and so on, etc.

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“Welcome Home Grant” Starts TODAY!

Posted in Buying, Closing Costs, FHA, First Time Home Buyer, Grant Money, Home Buyer Programs, Tax Credit on March 1st, 2011 by Lindsay – Be the first to comment

It’s back! The Welcome Home Grant was such a great program last year for many of my buyers. Especially those buying their first home (however, it does not have to be your first home). The program starts today (March 1st, 2011) and usually runs through mid May or whenever funds run out. In short, any buyer meeting specific income guidelines is eligible to be given up to $5,000 in grant money for a down-payment. This money comes from the government, is given to specific banks – and only lasts until each bank runs out of funds. The best part of this program is that the money will never need to be paid back and you are not punished for taking the money by submitting to a higher interest rate. For a list of local lenders in the Cincinnati area who are offering this program, please contact me, Lindsay Annett Shapiro at lindsay.shapiro@cbws.com . For now, here is a short list of the details: read more »

Fannie and Freddie Going Away

Posted in Buying, FHA, Market Update, Mortgage on February 17th, 2011 by Lindsay – Be the first to comment

Two years in the making — the federal government will be reducing their involvement in the mortgage market. Both Fannie Mae and Freddie Mac will wind down within as little as five years.

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Military Homebuyer Tax Credit

Posted in Buying, First Time Home Buyer, Grant Money, Home Buyer Programs, Tax Credit on January 5th, 2011 by Lindsay – Be the first to comment

Although the Homebuyer Tax Credit expired for most customers this past summer, it is still available for members of the military who have served outside the U.S. for at least 90 days between January 1, 2009 and May 1, 2010. Details are as follows:

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10 Reasons to Buy a Home in 2011

Posted in Buying, First Time Home Buyer on December 30th, 2010 by Lindsay – Be the first to comment

Is 2011 your year to become a homeowner? Most people who choose a New Year’s resolution typically pick a goal to achieve or habit to break, but 2011 may be the year that they resolve to buy their first home.

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Cincinnati: 49% More Home Buying Power

Posted in Buying, Market Update on December 26th, 2010 by Lindsay – Be the first to comment

Locally, the public has 49% more home buying power than the nation, when you factor in (1) the median home price, (2) monthly mortgage payment, and (3) median annual income. Cincinnati wins in all three categories from a nationwide third quarter 2010 study shown below.

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Pre-Purchase Rate Protection – offered by only one bank in Cincinnati!

Posted in Buying, Home Buyer Programs, Mortgage on December 6th, 2010 by Lindsay – Be the first to comment

I learned about a new product recently that makes so much sense yet it is only offered by one bank in Cincinnati. It is called Pre-Purchase Rate Protection, by Coldwell Banker Home Loans. What is does:

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Limited Time: Fannie Mae Offers 3.5% Closing Costs

Posted in Buying, Home Buyer Programs on September 28th, 2010 by Lindsay – Be the first to comment

To encourage the purchase of REO properties, Fannie Mae will begin offering a new incentive on September 23 that will be available through December 31, 2010.

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