Monthly Archives: February 2019

Real Estate Term of the Week

Loan to Value (LTV) Ratio: Describes the size of a loan a borrower needs compared to the value of the property securing the loan. Lenders and others use LTVs to determine risk. A higher...

Housing Trends to Watch in 2019

Experts are weighing in on trends in real estate for the year. Most agree that mortgage rates are likely to keep moving upward, affecting affordability. But there’s good news for buyers too, such as...

Real Estate Term of the Week

Ohio Residential Property Disclosure: A form that requires a home seller to indicate any known problems or defects regarding a variety of features, mechanics, and structural aspects of the home. The law requiring this...

Real Estate Term of the Week

Ohio’s Good Funds Law: The basic purpose of the law is to eliminate the use of checks and require the transfer of funds to purchase residential property at closing to the title company by...

Real Estate Term of the Week

FHA Loan: A mortgage issued by an FHA-approved lender and insured by the Federal Housing Administration (FHA). Designed for low-to-moderate income borrowers, FHA loans require lower minimum down payments and credit scores than many...