Cincinnati Real Estate

Greater Cincinnati's Real Estate Connection

Kathy S. Koops GRI

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For Buyers Category

Mortgages for First Time Homebuyers

filed under: For Buyers posted on March 24th, 2017

Cincinnati Real Estate

There are several types of mortgage loans available for first time homebuyers. FHA FHA Purchase Loan are the most popular right now because of the very affordable 3.5% down payment requirement.  According to FHA the down payment varies depending upon the borrower’s credit score: •Credit scores from 500 to 579 require a 10% down payment •Credit scores at 580 or better require only a 3.5% down payment A great selling perk for FHA is that family members can gift 100% of the down payment funds to...

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Mortgage Interest Rates in Cincinnati Ohio

filed under: For Buyers posted on March 20th, 2017

Cincinnati Real Estate

Mortgage interest rates in Cincinnati directly impacts your buying power in real estate.   It's simple, the higher the interest rate the higher the payment. That is why it is important to look at where rates are headed when deciding to buy now or wait.  Search How Will This Impact Your Mortgage Payment? Depending on the amount of the loan that you secure, even a half of a percent (.5%) increase in interest rate can increase your monthly mortgage payment significantly.  The chart below...

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Protect Your Identity When Buying a Home

filed under: For Buyers posted on January 19th, 2017

Cincinnati Real Estate

Buying a home can be a very exciting and happy time but you need to protect your identity. From touring neighborhoods and going to open houses, to being handed the keys by your real estate agent and hearing those wonderful words: “Welcome to your new home," the entire process is one that you will remember for a lifetime. Search However buying a home also tends to expose your personal information to every financial Tom, Dick and Harry around. For example, banks and financial...

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Buy or Rent in Cincinnati

filed under: For Buyers posted on May 23rd, 2016

Cincinnati Real Estate

In Cincinnati "Renting or Buying": What Does it Really Cost? Keeping Current Matters continues to make things simple when it comes to residential real estate.  As rents continue to climb many renters are beginning to question the wisdom of renting.  As you can see in the inforgraphic below the gap has narrowed. [INFOGRAPHIC] | Simplifying The Market Some Highlights: The percentage of income needed to afford a median priced home is almost half the percentage of income needed to afford median rent. Buying...

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Is Buying a Condo Right for You?

filed under: For Buyers posted on May 20th, 2016

Cincinnati Real Estate

Condo living appeals to all ages, income levels and lifestyles throughout the greater Cincinnati real estate market. But is buying a condo right for you? Owning a home without having to worry about cleaning gutters, cutting grass or anything else outside your front (and back) door has its advantages.  And according to the Multiple Listing Service of Greater Cincinnati buyers have approximately 733 condos to shop ranging in price from $20,000. all the way to $2,220,000. And also according to the MLS, the condo listings...

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