Ohio Home Buying
Home buying is heating up in Ohio thanks to ample existing home inventory and the influx of new home builders state-wide. Builders such as Romanelli and Hughes are offering a copious number of new custom home communities state-wide and Truberry Group is building stately family homes throughout Central Ohio. Existing and new homes are available for both home owners and for real estate investing opportunities—all the buyer needs to do is decide on financing.
Ohio mortgage lenders and mortgage brokers are offering attractive rates and terms on first mortgages, mortgage refinance and home equity loans. Borrowers are urged to have proper documentation and have a grasp on how much house they can afford before making application. One way to assess home affordability is to use mortgage calculators or a home purchase calculator to crunch the numbers. Also, Ohio home buyers should obtain a copy of their credit report to ascertain their credit score. The borrower’s credit rating has a direct impact on not only the mortgage loan rate but also whether the applicant will qualify for the mortgage loan.