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
This is a good post and here is a page/site that summarizes the different rules by state.  http://www.forecloseddreams.com/state-foreclosure-statutes It looks like a good resource for everyone. Beware of Bankers Bearing Gifts The other day I was talking with a client about Listing his home as a S...
06/27/2010
With interest rates near a record low and you are considering refinancing your mortgage, You want to look at both rates and closings costs before making the decision to proceed forward.  If you owe more than the home is worth and have been unable to refinace, I may be able to pay the closing cost...
06/26/2010
Adding to Jeff's Post is the Loan Amount.  The pricing will be different on a $300,000 Loan versus a $100,000 Loan.    Interest Rates - What kind of rate do you have for me?     Mortgage interest rates can be very complex.  It's a question that is harder to answer today more than ever before. The...
06/21/2010
Question #1 - Why Should a Seller Pay a Home Buyer’s Closing Costs? Answer #1 - BECAUSE YOU WANT TO SELL THE HOUSE !!!!!!!! Question #2 - Should I pay Buyers Points to get them a Lower Rate?? Answer #2 - YES.   See the Answer to Question #1 This post is not saying that you should give your home a...
05/26/2010
If you saw the Commerical and are interest in Details about the Program, you can find the information here https://www.chase.com/chf/mortgage/mcb-details  My opinion the offer is a great marketing effort by them however in reality the savings may not be as beneficial as the commercial might make ...
05/08/2010
This is a great summary of the FHA 203K Program.   As he says finding a good lender that understand the 203K product can make things go much smoother.  In Northern Ohio, the company I work for does 20% of all the 203K Loans closed.   I also have www.Ohio203K.com which provides a great deal of inf...
04/28/2010
Everyone should be aware that the Upfront MIP on FHA Loans is changing on April 5, 2010,   This means the Case Number must be assigned by that date.   Because Case Numbers may take a few days to be issued HUD is encouraging Applications and Case Numbers to requested by 3/29/2010.   Realtors may w...
03/25/2010
Jeff, another great job of sharing the information.  Buyers do not want to wait till the last minute to write a contract, because it may take time to get all the necessary signatures and signoffs.    The first time homebuyers tax credit - Important Tax Filing Information Whether you would be app...
03/19/2010
With the New 2010 GFE buyers are encouraged to SHOP COMPARE AND SAVE.  If any buyers, sellers or Realtors want information on a Spectacular offer from a Title Company in Northern Ohio, give me a call or send me an email.  One Title company is offering $100.00 to the buyer and $100.00 to the selle...
03/16/2010
I have seen this elsewhere here on ActiveRain, however wanted to make sure all Ohio Rainers are aware of this.  USDA Funding   On March 10, 2010 USDA issued Lender Funding Notice 3-9-20 to notify lenders that program funding for the Single Family Housing Guaranteed Loan Program will likely be exh...
03/16/2010
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Tim Bradford

NMLS 250013
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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.