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What Is An Escrow Account? Do I Need One?
As we show you in this video, an escrow account is an account, established by your lender, to set aside a portion of your monthly mortgage payment to cover annual charges for homeowner's insurance mortgage insurance (if applicable), and property taxes.
Escrow accounts... read more
What Steps Need To Be Taken To Secure A Loan?
You’ll see some pictures in this video to help you remember later, but the first step in securing a loan is to complete a loan application.
To do so, you'll need the following information.
Pay stubs for the past 2-3 months.
W-2 forms for t... read more
What Is A Mortgage?
The original phrase “mort gage” translates as “death pledge”! But as this video explains, a mortgage is a loan obtained to purchase real estate.
The "mortgage" itself is a lien - a legal claim on the home or property that secures the promise to ... read more
What Is Loan To Value (LTV) And How Does It Affect The Size Of My Loan?
While this video simplifies things to help you remember, the loan to value ratio is the amount of money you borrow compared with the price or appraised value of the home you are purchasing.
Each loan has a specific LTV limit. For example: With a 75% LTV loan on a hom... read more
What Types Of Mortgage Loans Are Available?
This video tells you about the most common types: Fixed Rate, ARM, Balloon and 2-Step.
First, Fixed Rate Mortgages: Payments remain the same for the life of the loan generally 15 years or 30 years. Interest rates remain the same, so payments are predictable.
A second... read more
What Are The Advantages Of 15- And 30-Year Fixed-Rate Mortgages?
For both, as we show you in this video, compared with other options, with fixed rates, housing costs won’t be affected by interest rate changes and inflation.
With A 30-Year Term: In the first 23 years of the loan more interest is paid off than principal ... read more
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WOOSTER
121 NORTH MARKET STREET
WOOSTER, OHIO 44691
MILLERSBURG
138 EAST JACKSON STREET
MILLERSBURG, OHIO 44654
MILLERSBURG, OHIO 44654
MEDINA
4996 FOOTE ROAD
MEDINA, OHIO 44256
MEDINA, OHIO 44256
MOUNT VERNON
10 SOUTH GAY STREET
MOUNT VERNON, OHIO 43050
MOUNT VERNON, OHIO 43050
ASHLAND
221 CHURCH STREET
SUITE ONE
ASHLAND, OHIO 44805
SUITE ONE
ASHLAND, OHIO 44805