What are Mortgage Discount Points?
What are Mortgage Discount Points? This is a common question among buyers. You may also hear them referred to as just ‘points’ or ‘discount points’. Think of a point as prepaid interest. One point equals 1% of the loan. On a $200,000 loan one point would be $2000. It is referred to as prepaid
Realtor Tips: Real Estate Tax Increase
Realtor Tips: Real Estate Tax Increase Lots of questions are coming in about the recent real estate tax increase notice you’ve received in the mail. Ohio mandates that your property value get revaluated every 6 years and updated on the 3rd year in between. Tax values actually went down after the
Realtor Tips: Mortgage Assumption
Realtor Tips: Mortgage Assumption All VA loans are assumable and most FHA loans are too. Most conventional loans are not. When you assume a loan you are taking over with the same terms as what the original seller had. So, if their rate is 3.5% with 15 years left on the loan you step right into
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