Local Mortgage Rate Update for Greater Cleveland: October 29,2009

Author: Jim Norbuta  //  Category: Financing, Greater Cleveland, home buyers

We are pleased to share this information to you. We have been clients of Parkview Federal Savings and Richard Force for at least 10 years. We highly recommend his services.

 

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

 

The Following Rates are Effective for October 29, 2009

15 Year Fixed Rate Loan

Rate Points APR
     
4.375 0.000 4.459
4.875 No Cost* 4.916
A $165,000 mortgage loan at 4.375% will be paid in 180 monthly installments of $1,251.72.**

20 Year Fixed Rate Loan

Rate Points APR
     
4.875 0.000 4.942
5.500 No Cost* 5.534
A $165,000 mortgage loan at 4.875% will be paid in 240 monthly installments of $1,077.57.**

30 Year Fixed Rate Loan

Rate Points APR
     
5.000 0.000 5.050
5.500 No Cost* 5.525
A $165,000 mortgage loan at 5.000% will be paid in 360 monthly installments of $885.76.**

Home Equity Line of Credit

Tier APR    
$5000+ 5.000    
       
       
Home equity line of credit rates are based on the Prine Rate plus or minus a margin, the amount of the loan, credit score, and the APR that can range from 5.00% to 5.25%. Minimum rate is 5.00%, the Maximum rate is 24%.    

LOT Loan

Rate Points APR
5.500 1.000 4.816
6.500 0.000 4.397

Fixed Rate Home Equity

Term Rate APR  
60 mos 6.500 6.921  
96 mos 6.750 7.025  
144 mos 7.000 7.195  
Home equity loan rates are fixed for the life of the loan. Based on a loan to value of 80%, a $25,000 loan at 7.000% is repaid in 144 monthly installments of $257.10  
Turning your dreams into realityIn 1920, Park View Federal Savings Bank started out in one small office overlooking Cleveland’s Woodland Hills Park. Today, our branch network reaches across seven Northeastern Ohio counties. We have grown by being good at what we do. We are good at what we do because we stay focused on providing flexible, personalized banking solutions for our customers. The services and programs we offer are designed with this goal in mind.Your account with Park View Federal Savings Bank has a number; but we never forget that YOU have a name!
You know your account number; we know your name because personal service is our top priority.

As your needs grow and change over the years, you can count on Park View Federal to be flexible and ready to help.
Rates are subject to change without notice and require a checking account with Park View Federal or enrollment in our automatic payment program. Final loan approval is subject to the bank’s appraisals and underwriting standards. Property insurance is required.

Loans for owner-occupied homes only. Adjustable mortgage rates are subject to increase after consummation. Initial discounted rate reflects a reduction in the effective rate until the first adjustment (i.e., one year, three years, five years). Afterward, payment and APR may increase or decrease annually over the remaining 348 months. Maximum 2% rate decrease or increase per adjustment. Lifetime maximum annual contract rate 6% above the initial contact rate.

* $50,000 minimum loan amount

** Assumes a 20% down payment and a minimum credit score of 740 or higher.

Better service from a better bank

 

REALTORS® are licensed professionals and this is what they do everyday. REALTORS® subscribe to a stringent code of ethics and standards. Most people buy and sell only a few homes in a lifetime. Even if you’ve done it before, laws and regulations change (and vary by state); that’s why having a professional REALTOR® on your side is critical.

Call us if we can help you with your home search or to assist you in finding a Buyers’ Agent.

Jim Norbuta, Realtor®
Accredited Buyers’ Representative (ABR) website:http://www.findingclevelandhomes.com

RE/MAX TRADITIONS
RE/MAX RELOCATION
OUR PEOPLE MAKE A DIFFERENCE ONE MOVE AT A TIME ®Serving the Greater Cleveland communites of Aurora, Auburn, Bainbridge Township, Chagrin Falls, Solon, Twinsburg, and all of the Chagrin Valley. Call us for referrals to outstanding RE/MAX agents in other communities.YourClevelandRealtors.com website contains information on mortgage rates, lenders, and local community groups. Our services are designed for Executive Relocation & Luxury Home Market and are provided to all of our clients

GREATER CLEVELAND, OHIO 29 Acres of Prime Real Estate in Downtown Bainbridge Township

Author: Jim Norbuta  //  Category: Buyers, Greater Cleveland, Ohio

GREAT DEMOGRAPHICS

29 Acres located in Downtown Bainbridge Township

Mailing address:   Chagrin Falls, Ohio 44023

Prime in town location, across from Town Hall and a Strip Shopping Center

 

See link for additional details:  http://login.neohrex.com/Reports/ReportViewer.aspx?hidMLS=NEOH&emailReportRid=4973208&hidEntryPoint=ME

 

CONTACT US SOON

Jim Norbuta, Realtor®
website: http://www.findingclevelandhomes.com

RE/MAX TRADITIONS
RE/MAX RELOCATION
OUR PEOPLE MAKE A DIFFERENCE ONE MOVE AT A TIME ®Serving the Greater Cleveland communites of Aurora, Auburn, Bainbridge Township, Chagrin Falls, Solon, Twinsburg, and all of the Chagrin Valley. Call us for referrals to outstanding RE/MAX agents in other communities.

YourClevelandRealtors.com website contains information on mortgage rates, lenders, and local community groups. Our services are designed for Executive Relocation & Luxury Home Market and are provided to all of our clients.

Improving Real Estate Market – What Every Home Buyer and Seller Should Know…FOCUS on AURORA

Author: Jim Norbuta  //  Category: Buyers, Greater Cleveland, RE/MAX, REALTORS, Real Estate, Relocation

(The following is specific to one area of Greater Cleveland.  If you are a home buyer or home seller, and especially if relocation is the reason for your move, this detail is extremely important to you.  Please do not make financial decisions without knowing the facts about your community. If you are buying or selling a home, this same type of analysis will be done for your community/neighborhood. )

44202     Aurora      44202

INVENTORY REPORT FOR July 30, 2009

Price Range                  Active&Contingent     Pending& Sold        Current Inventory

$150,000 – $300,000                 99                             31                           19 months

$300,001 – $500,000                 64                           26                           15 months

$500,001 +                             39                             4                            58   months

….TOTALS……..                         202                           61

Total Homes for Sale                  202

Average Sales/Month                  10.2

Months of Inventory                   20

This is your tracking report for Aurora.  Yes, there are a lot of properties for sale, but things are improving.  Improvement has been seen in Chagrin Falls, Solon, Bainbridge, Auburn, Twinsburg, Aurora, and Russell.  If you need to know this information for your specific area, for developments like Laurel Springs, Barrington, and Canyon Lakes, give us a call.  The above numbers may be eye openers for many of you.  If you are currently selling your home, you may not be aware of recent changes.  Most importantly, ALL BUYERS AND SELLERS should be aware of them for your street, neighborhood, and community.  The numbers can change dramatically by location, even within your local community.

If you are looking to purchase a home in the next few months, please give us a call.  We are in our show all properties listed by any real estate broker and most for sale by owner homes.  Most importantly, our purchase analysis for buyers includes the street, neighborhood, and the local community facts.

If your interest is in homes priced above $500,000, the above chart indicates an inventory of 58 months.  If you are ready to negotiate, there are still excellent values available in every price range.

For families and individuals involved in a relocation transfer, you’re timing is excellent.  The Greater Cleveland Community has so much to offer and is one of the most affordable major metropolitan areas in the country.

YouClevelandRealtor.com website contains information on mortgage rates, lenders, and local community groups.  Our services are designed for Executive Relocation & Luxury Home Market and are provided to all of our clients.

 

Jim & Joan Norbuta

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

Serving the communites of Aurora, Auburn, Bainbridge Township, Chagrin Falls, Solon, Twinsburg, and all of the Chagrin Valley.  Call us for referrals to outstanding RE/MAX agents in other communities.

Also, visit our post, Signs that the Market has Turned:  http://www.findingclevelandhomes.com/2009/07/14/signs-that-the-real-estate-market-has-turned%e2%80%a6/

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