Spring break has many Ohioans considering whether they’d benefit from a vacation home (perhaps somewhere warmer!). Before you sign on the dotted line for your new retreat, consider the following factors in your decision: Purpose: Think about how you plan to use the vacation home. Will you use it as a rental property, or will […]
A reverse mortgage is a type of loan that allows a homeowner to borrow from a lender using their home as security. (In other words, a borrower is withdrawing part of their equity in their home.) While the homeowner remains responsible for property taxes, insurance, and upkeep costs of the home, they do not have […]
Why did your mortgage payment go up? Your mortgage payment is not just a random number on a piece of paper. It’s a complex formula with many factors and variables. If you haven’t delved into the details of your mortgage payments, let’s take a closer look at where your money is allocated each month. To […]