LenderBradford's Blog

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Mortgage and Lending - NMLS142066/250013
Information about Financing Options in Northern Ohio as well as information about people, places and events in Northern Ohio. Northern Ohio is a Great Place to live and work.
RECENT BLOG POSTS
I to believe the incentives are great for first time home buyers.   I do not know if you have heard that effective Mar 30, 2009 qualified First Time buyers will be able to borrow up to 3% of the sales price from OHFA so that they can use it for their down payment.  The choices are many.   I also ...
03/22/2009
A great summary of how Appraisal SHOULD be done.  The post does reference "Refinancing" and applies to Purchase Appraisal also.  I will add in "3 c )  Comparables  'should' be within a reasonable distance of your home relative to where you live (urban, suburban, rural)" that the Neighborhoods sho...
03/22/2009
  This is a pre announcement about a program that OHFA will have available effective March 30, 2009.   The short and sweet is that OHFA will be lend Qualified Buyers up to 3% of the Sales price in anticipation of the buyer recieving the Federal Tax Credit Stimulus as part of the Recovery Program....
03/18/2009
Many myths and prejudices surround the topic of Reverse Mortgages.  While it is true that these types of loans are not for every senior, in some instances they can provide well-needed benefits to some.  With the consultation that is required for seniors thinking of utilizing this form of lending...
03/09/2009
This is not an advertisement for a particular home.   The $100.00 per month is the net monthly payment that is possible for a buyer that purchases a home for $105,000 at a 30 year fixed rate of 5.00% after taking into account the Tax Credits available to a buyer today in Ohio.   The actual Princi...
03/07/2009
Thank you Dan and Amy for posting this list of Bank Owned Properties.   Any first Time Home Buyers should look at some of these homes, because they can take advantage of the $8,000 Stimulus Tax Credit and also the State of Ohio Mortgage Credit Certificates program that on a $116,000 loan could o...
02/26/2009
 The City of Parma has participated in a Down Payment Assistance Program for a Number of years and is coming out with their 2009 program effective March 2, 2009.  The Citiy of Parma's program allows for 10% of the Sales price up to $10,000 as a grant that can be used as the down payment on the pu...
02/26/2009
Anyone that is interested in trying a different Resturant may want to check out www.Resturant.com because they are again offering 80% off the gift cards that they sell.    Normally Resturant.com sells a $25.00 gift card for $10.00.   If you key the code "DINE" you will save 80% off the $10,00 pri...
02/24/2009
 I have believed for a while that Cleveland, Ohio has been better off than most others areas of the Country.   Here is some data that appears to support that belief.  Also, shown is information for the Columbus market.    Click on the image of the Link to see the full data. Any renters that could...
02/24/2009
 First time buyers that take advantage of the $8,000 Stimulas Program and also the OHFA Mortgage Credit Certificates program could revieve over $40,000 in Federal Tax Credits on a $110,000. Home Purchase.     IF you are a First Time Buyer (or plan on buying in a OHFA Targeted Area) you want to fi...
02/19/2009
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Tim Bradford

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Information about Financing Options in Northern Ohio as well as information about people, places and events in Northern Ohio. Northern Ohio is a Great Place to live and work.