The headline of WOSU article: "Potential Homeowners Look For Deals."   The article quotes the Columbus Board of Realtors about the January 2008 inventory in Central Ohio but says "buyers beware" that they may need  six months of mortgage payment up front. 

As part of the downpayment?  Reserves? 

FHA financing to the rescue. 

New FHA limits, effective March 5, 2008  Buyer Quiz... take the quiz but here's a hint on one question.  Buyers do not need two months of reserves... much less six.  

What happened in the mortgage market in the past six years? Why do we have so many foreclosures nationally?  The Movie 

I'd love to hear from you if you have a comment on the topic of financing or buying a home. All comments are moderated so you will not see your comment immediately. Thanks. Copyright 2008 Discover Columbus and Maureen McCabe

Visitors to HER Real Living Open Houses today have the opportunity to put their name into a drawing for a $2500 Wells Fargo Gift card? Gift certificate?   Spendable $$$.   One lucky winner.  There are lots of opportunities to visit Open Houses on this Super Sunday!

HER Open House List

Visit  today!

Real Living Mortgage is a partnership between Real Living and Wells Fargo. 

c. 2006 Columbus Best Blog

Dave Dewey the Vice President of Operations for Real Living Mortgage was just recognized as the Columbus Board of REALTORS® Affiliate of the Year.

According to an announcement on our company intranet site:

"This award recognizes a CBR Affiliate member for their exemplary business experience, conduct, civic activity and industry involvement.”

Congratulations to Dave Dewey for this achievement! The HER Real Living website said "We are proud to have him as a leader at Real Living Mortgage!"  

Copyright 2006 Columbus Best Blog and Maureen McCabe

A home mortgage is a big commitment. 

Get a second opinion!

One of  the agents in my office has a transaction with a first time homebuyer who was referred to another mortgage company by one of the buyer's  friends. 

Thanks to the HER Real Livings agents referral to Real Living  Mortgage for a second opinion the Real Living  Home Mortgage Counselor (HMC)   found that the borrower was sold a sub prime loan at 8.75% by the first lender when they did not need a sub prime mortgage.  Real Living Mortgage  was able to approve the buyer on an FHA loan with no money down and save him $147 a month for a savings of $1,764 a year!!  

Contact Scott Bentley with Real Living Mortgage for a second opinion or pre-approval, 614-825-8866.  Take advantage of  with the Real Living team of experts! 

Copyright 2006 Columbus Best Blog and Maureen McCabe