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 […]
One of the biggest concerns we hear from clients when completing a home refinance is about high credit card balances that are leaving the homeowner with decreased cash flow available for their savings and retirement accounts. Let’s take a look at the following scenario and work through a solution that might be beneficial. Homeowner Question: […]
Introduction Whether you’re planning to renovate your home or want to buy a second one, home equity can be a good source of funding. Home equity is the part of your home that you own outright and thus have access to. By tapping into this pool of money, you can use it for almost any […]
Why buying a home is better than renting If you’re considering buying a home, you’re probably wondering if it’s better to rent or buy. While this decision involves numerous factors that differ from person-to-person, there are more significant benefits to home ownership in most cases. In this article, we’ll explore reasons why homeownership can provide […]
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