On December 1, 2011 the Federal government expanded their HARP refinance program and may have created the first really significant solution to the depressed world of real estate. The acronym stands for Home Affordable Refinance Program. It is designed to help homeowners that have performed according to the requirements of their mortgage but the value of their home has…

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The interest rate predictions at the beginning of 2012 were that rates would gradually rise into the 5.5% area. This was based on the assumption that the economy would gradually be improving and The interest rate predictions at the beginning of 2012 were that rates would gradually rise into the 5.5% area. This was based on the assumption that the economy…

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Over the last three years appraisals have been a challenge to many transactions and in many cases become a deal killer. Buyers that purchased at the top of the market have become trapped in a declining market that imprisons them in the current situation with few alternatives for improvement. If they wish to sell, they find their equity gone so there are no funds for a down payment and…

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By Gary Tedrow, Western Ohio Mortgage

If you’ve been watching the economic news, you’ve probably

noticed that market experts and traders have been keeping a close eye on the

Commerce Department’s Personal Spending and Personal Income reports. Obviously,

those reports provide insight into the health of our economy, but did you know

they also influence home loan rates? That’s right, personal spending can actually

influence the interest rates that are…

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This is a question I deal with almost every day. Buyers want to

buy more house to lower their payment with a low rate. Homeowners want to lower

their current payments and hit the market lows. Shoppers "dial for

dollars" by calling every lender on the internet to find the best base

rate available. At the risk of starting an endless journey, I'd like to give

some…

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The Congressional Super Committee is listening to all sides and keeping their cards close to the vest when it comes to their proposal for budget reform. If they come up with nothing there will be $1.2 billion in automatic cuts. This week 100 congressmen signed a letter urging them to go after $4 billion in cuts. Of course the devil is in the details and I haven’t seen many new ideas. There is one, though.

               This beauty is called the Harkin-DeFazio Financial Transaction…

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Have you ever sat in on a presentation or session, where soomething jumps out at you and you say to yourself, “wow – that is so simple and obvious, but yet I never would have visualized it that way.” This post is a result of that type of experience. The concept has to do with the Buyer’s Cycle, or the cycle we all go through when making any type of purchase.

Picture a clock, starting at 12 and moving around clockwise. Here are the phases buyers go through on that clock:

1:…

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You have just used LinkedIn to update your professional profile and had a profile for your company, but for your status updates on your business you went to Facebook and Twitter. Well that has now changed.

Now those who are admins of company profiles on LinkedIn can post real status updates and include a link! Which will allow you to share photo's, videos and much more.…

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Check out the movie Courageous opening this weekend in theaters!

It is a great movie that honors fathers & families. You can watch the trailer here. http://ow.ly/6GEZa



This movie from the Sherwood Pictures movie company is the same group that brought us movies like Facing the Giants and Fireproof. It is very important that this weekend is successful to keep it in theaters longer.



Thanks for going to see this wonderful movie! You… Continue

Are you Crazy?

Mortgage rates hit another historic low the past week. A thirty

year fixed rate could be had right at 4% and a fifteen year rate was at 3.375%.

All the talking heads are emphasizing…

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