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Free Mortgage Info
Specializing in bringing “Today’s Mortgage Solutions” to our clients,
Blue Ribbon
Mortgage is an independent
Cincinnati, Ohio Mortgage Broker providing creative mortgage loans to meet
the financial needs of our clients. We hope the
free mortgage
info provided on this page will help you understand the mortgage loan
process and factors that affect your ability to obtain a mortgage loan for your
home.
CREDIT SCORING:
Everyone talks about it, so tell me….What is Credit Scoring?
Credit Scoring
is a quick, accurate, and consistent scientific method for assessing credit
risk. When you apply for a
residential mortgage loan, your
Cincinnati mortgage broker or banker will obtain a report from one or more
credit bureau agencies to help them determine whether or not to extend credit
for your
home loan and, if the decision is to grant your
mortgage loan request, what
Cincinnati home mortgage rate, loan to value percentage, and other
conditions they will require. For more information about credit scoring,
including information about
bad credit mortgages,
click here.
CLOSING COSTS:
Many
of the closing costs associated with obtaining a mortgage loan are
self-explanatory (i.e.
mortgage broker fee, credit bureau fee). Other closing costs, however, can
be more difficult to understand. The fees charged in connection with a
mortgage loan transaction are known as
mortgage loan closing costs. Money paid by a buyer or homeowner (and/or
seller or third party in some cases) to effect the closing of a
Cincinnati residential mortgage loan generally include, but are not limited
to the
mortgage loan origination fee,
mortgage broker fee, title examination and insurance, survey, attorney’s
fees, recording fees, and appraisal fees. For more detailed information about
mortgage loan closing costs,
click here.
LOAN PRODUCTS:
The
mortgage industry has created many
Cincinnati residential mortgage loan options to fulfill the varied mortgage
needs of consumers. High loan to value, no income verification loans,
Cincinnati mortgage refinance loans,
bad credit mortgage options, and no down payment
mortgage loans are only a few programs available for today’s mortgage loan
consumer. For more detailed information about these and other
Cincinnati residential mortgage solutions,
click here.
MORTGAGE ASSOCIATIONS:
To
find a qualified, reputable mortgage professional, you may want to research the
Ohio Association of Mortgage Brokers or the
National Association of Mortgage Brokers. Both these organizations are
committed to keeping the mortgage industry honest and fair consumers as well as
mortgage professionals.
COMMERCIAL MORTGAGES:
Commercial mortgages and mortgages for mixed use properties have, in the
past, been difficult to obtain. Recently, though,
Cincinnati residential mortgage lenders have developed
Cincinnati commercial mortgage loan options structured similarly to
Cincinnati home loans. This means that many of the loan product options
available for a
Cincinnati residential mortgage are now also available for
Cincinnati commercial mortgage customers as well. No income verification,
higher loan to value options, fixed rate options, and many other mortgage
solutions previously available only to the
residential mortgage borrower are now available for the
commercial loan borrower. For more information about
Cincinnati commercial mortgage options,
click here.
www.blueribbonmtg.com
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