Want a Dayton Ohio Mortgage? Don't Use Cash

Dayton Ohio mortgage lenders have “seen it all.” With banks paying low interest rates and the stock market in the midst of a mini-crash, it's tempting to just keep your cash at home. However, if you’re planning to buy a home and need that cash for a down payment you’d better rethink that investment “strategy.” You won't be able […]

Dayton Ohio Mortgage Insurance – Getting Rid of it

If you have a Dayton Ohio mortgage and didn't make at least a 20% down payment, you probably have private mortgage insurance (PMI.) PMI protects the lender if the borrower is unable to make the mortgage payments. Because PMI premiums are paid monthly in the mortgage payments, they can add up. So, how can you avoid PMI […]

Dayton Ohio Mortgage Lenders Loosen Credit

Dayton Ohio mortgage experts say 2016 may bring greater borrowing opportunities for homebuyers. Although you still have to qualify for the amount you want to borrow, more lenders are reporting a loosening of credit standards. Fannie Mae says loan underwriting is expected to ease in the near future. Let's examine why this may be the case and […]

Dayton Ohio Mortgage Issues: TRID to Blame

As predicted by some in the Dayton Ohio mortgage industry, sales of existing homes fell sharply in November. Insiders say the new consumer disclosure rule was to blame. The rule resulted in delays in many mortgage loan closings. Dayton Ohio Mortgage Fears Realized The sale of existing homes dropped 10.5% during November from the previous month, according to […]

Paying Points on a Dayton Ohio Mortgage Loan

Dayton Ohio mortgage loan experts say over 6 million people nationwide will buy homes next year. Statistics expect roughly 2 million will be first-time homebuyers. Both first-time buyers and others always wrestle with whether or not to pay “discount points” on their mortgage. The Dayton Ohio Mortgage Loan: Points? Just what the heck are discount points, […]

Dayton Ohio Mortgage Loan Closing Tips

A loan closing attorney who, when reviewing the documents with a new Dayton Ohio mortgage borrower, used to jokingly say, “You’re welcome to read all these forms, and if you find anything in your favor the lender will be happy to correct that mistake!” Of course, he was only joking and he used that line as an ice-breaker. However, […]

Dayton Ohio Interest Rates: The Watch Continues

Economists and mortgage lenders are still keeping a watchful eye on Dayton Ohio interest rates. Federal Reserve chair Janet Yellen recently told the House financial services committee that no immediate decision has been made to raise interest rates. However, she said a December rate hike was still a “live possibility.” Will Dayton Ohio Interest Rates Rise […]

Dayton Ohio Mortgage Rates May Still Rise in 2015

Dayton Ohio mortgage rates could still be on the uptick despite conflicting economic indicators. Dayton Ohio Federal Reserve President Dennis Lockhart, a highly-respected voting member on the Fed’s monetary policy committee, said there is "more downside risk" to the U.S. economy as a result of an international slowdown and stagnation in addition to the nation’s most […]