Interest Rates Continue Favorable for Cleveland Home Buyers: from Your Cleveland Relocation Specialist

Jim Norbuta — Wed, 09 Dec 2009 15:39:59 +0000

————————- The Following Rates are Effective for December 9, 2009 ————————-

15 Year Fixed Rate Loan
Rate	Points	APR
4.250	0.000	4.334
4.875	No Cost^*	4.916
A $165,000 mortgage loan at 4.250% will be paid in 180 monthly installments of $1,241.26.**

20 Year Fixed Rate Loan
Rate	Points	APR
4.625	0.000	4.691
5.375	No Cost^*	5.408
A $165,000 mortgage loan at 4.625% will be paid in 240 monthly installments of $1,055.04.**

30 Year Fixed Rate Loan

Rate

Points

APR

4.750

0.000

4.799

5.500

No Cost^*

5.525

A $165,000 mortgage loan at 4.750% will be paid in 360 monthly installments of $860.72.**

You can contact us for personal attention in finding your home in the Cleveland real estate market.

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Relocation to Cleveland Ohio is one of the most affordable moves you can make. Cleveland has a very favorable ranking in the affordability index of the major metropolitan areas in the USA.Are you considering becoming a new home buyer in Cleveland Ohio? Need information on mortgage rates, lenders, and local community groups? Look around, it’s here on our website. Our services are designed for Executive Relocation & Luxury Home Market and are provided to all of our clients.

Cleveland Home Buyers can choose from many excellent Cleveland & Chagrin Falls Realtors®. Thank you for your consideration of our services.

Jim & Joan Norbuta
Realtor®, ABR (Accredited Buyers Representative)

RE/MAX TRADITIONS
RE/MAX RELOCATION
OUR PEOPLE MAKE A DIFFERENCE ONE MOVE AT A TIME®

Rate information courtesy of Parkview Federal Savings:

Richard Force Branch Manager Bainbridge Savings 8500 Washington St. Chagrin Falls, OH 44023 Phone: (440) 543-8889 Fax: (440) 543-8217 Email: Richard.Force@pvfsb.com

Attention Home Buyers, Home Sellers, & Cleveland Ohio Realtors, $8000 Tax Credit Extension and More Incentives Signed By President Obama

Jim Norbuta — Fri, 06 Nov 2009 17:53:47 +0000

The White House has not yet confirmed on their website the signing of the above agreement. In an appearance late this morning, the President did announce that he had signed the bill.

This certainly impacts all realtors and all real estate companies in Ohio. If you are planning a relocation home purchase, you will want to read the details.

The best article we have found so far, comes from the Baltimore Sun:

http://weblogs.baltimoresun.com/business/realestate/blog/2009/11/home_buyer_credits_pass_senate.html

It explains the expansion of the First Time Home Buyer Tax Credit to the benefits offered to most home buyers. Here are a few of the most important details:

–$8,000 for first-timers signing contracts through April 30 and closing by June 30. That credit was due to expire at the end of the month.

–$6,500 for repeat buyers who have “lived in their current residence for five consecutive years out of the last eight,” the Los Angeles Times reports.

–Individual tax filers making no more than $125,000 and joint filers making no more than $225,000 could take the full credit, a significant increase of the income cap. The credit would decrease in value for people making more than those amounts, phasing out completely after $145,000 for singles and $245,000 for couples, the Times says.

–If the home you’re buying is priced over $800,000, you can’t partake.

The impact stretches beyond the first time home buyer, and will soon effect Ohio real estate prices. We believe that all home buyers/home sellers should read the post on negotiating power:

http://www.findingclevelandhomes.com/2009/11/04/are-your-relocation-employees-giving-up-negotiating-power/

Jim Norbuta, Realtor®
Accredited Buyers’ Representative (ABR)

website: http://www.jimandjoan.com

Cleveland Realtors » Cleveland home buyer

Interest Rates Continue Favorable for Cleveland Home Buyers: from Your Cleveland Relocation Specialist

Attention Home Buyers, Home Sellers, & Cleveland Ohio Realtors, $8000 Tax Credit Extension and More Incentives Signed By President Obama