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Financing A Non Warrantable (Non-Conforming) Condominium

Brent Diebert offers Non Warrantable Condo Financing for owner occupants in most of the U.S.

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June 27th 2017 Mortgage Rate Summary

Consumer confidence shows strength in June Published Date 6/27/2017 Today’s Mortgage Rate Summary How Rates Move: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves […]

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How much home can you really afford

How much home can you really afford Published Date 6/23/2017 This is the age-old question. There really are two answers: how much do you want to buy, and how much will the lender qualify you to buy. The first answer is entirely up to you. The second answer is the lender’s decision. Here’s how they […]

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Fed Raises Interest Rates For Second Time In 2017

Fed Raises Interest Rates For Second Time In 2017 Published Date 6/14/2017 The Fed did what was widely expected, increased the federal funds rate by 0.25% to a range of 1% to 1.25%. As is the usually the case, the analysis is running wild from economists. The policy statement was more data than normal, the […]

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Hot mortgage products in Ohio

Grants Homebuyers in need of down payment assistance in Ohio have 2 grant programs available that offer up to 5% in down payment and closing cost assistance.  The programs are available with both conventional and FHA purchases.  These are not limited to first time homebuyers so even if you have owned a home in the […]

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Fannie Mae Changes to 3% Down Program Available Today

Fannie Mae has made changes to its HomeReady mortgage program effective 7/26/2016.  The HomeReady program offers low / moderate income borrowers 3% down payment options for purchasing a home. Changes that go into effect immediately include: Income limits have been raised to 100 percent of area median income (AMI) in all areas except for low […]

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Tips for buying before you sell your home

The Central Ohio real estate market (like many others) is hot. If you in the market to purchase a home you have already experienced what I mean.  With multiple offers are common on most properties so buyers are making their 1st offer their best.  If you have a home to sell and want to make […]

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How much seller paid closing costs are allowable?

When writing a purchase offer seller concessions can be a negotiating tool.  Here’s a guide for the maximum allowable for different loan programs. Program: Conventional (Fannie Mae / Freddie Mac) for owner occupants 1) 25% or more down payment = 9% allowed seller concessions. 2) Less than 25% down and up to 10% down payment […]

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Local Lenders

Having a local lender in the Columbus area is one of the best benefits that you could ask for

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Use 100% Gift Funds for Your Home Purchase

If you are thinking of buying a home but have not saved up enough for your down payment there are options available. Conventional loans allow for 100% gift funds from a qualified donor when purchasing a home just as FHA does. Most banks may tell you that the use of gift funds for a low […]

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