Blog | The Schmitt Blog - Tobias & Maura Schmitt

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FHA & VA News!!

FHA – FHA lowered the monthly mortgage insurance premium (MIP) by 30 BP! This is inspiring news for FHA buyers who need payment help. The reduction means a drop from .85 BP per month to .55 BP per month for most scenarios – those putting minimum down on loans below $726,200. Effective March 20th , this move […]
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Sellers: Don’t Be Surprised by Repairs

Planning to sell your home? Don’t risk being blindsided by repairs identified by your buyer’s inspection. Repairs or replacements that the homebuyer requires to be completed before closing on the sale of your home can blindside you if you’re not prepared. While any unforeseen expenses are an unwelcome surprise, you’ll still have to fix the […]
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Do You Qualify for Ohio’s Welcome Home Grant Program?

Wanting to buy a home in Ohio, but need assistance with the down payment? Ohio’s Welcome Home grant program will be offering two opportunities this year to apply. The first half will start on February 6th, and the second half on July 6th. If the buyer qualifies, the grant program will give borrowers $10,000 toward down […]
Contract

Can the Seller Break a Purchase Contract?

Can a seller back out of a real estate contract? Yes, a seller can back out of a contract under certain circumstances. This article can help, if you have any questions. We are here to assist with as your #ForeverAgent. *As always, we do not provide legal advice, but are well versed in the purchase […]