Author Archives: lizschneider66

About lizschneider66

Mortgage consultant with over 19 years experience. First time buyers, move up buyers, construction, FHA/VA, Jumbo loans, investment property purchases, & refinances- I will find the solution to financing the American dream of homeownership! Subscribe to my blog and never miss any mortgage industry news. I am Vice President of the North Coast Building Industry Association, Lorain County Association of Realtors, Working Women Connection and Womens Council of Realtors.

Mortgage Insurance Changes

Fannie Mae made changes in 2017 to maximum debt to income ratio’s-they’ll now allow some loans to be “approve/eligible” thru their Automated Underwriting System with debt to income ratio’s between 45.01-50%. Mortgage insurance is only available for borrowers with credit … Continue reading

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We love Jumbo loans!!

Jumbo loans- loans over the conforming loan limit of $453100 (for single family properties)- are not something to be afraid of. The conforming loan limit is usually updated every year in November or December. The conforming loan limits are for … Continue reading

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Happy 2018!!

Lots of changes in 2017 for mortgage lending- all for the positive to help make 2018 an even better year than 2017. ** Conforming loan amounts for single family properties were raised to $453, 100. High cost areas saw a rise in … Continue reading

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2017 Changes

Last week it was announced the conforming loan limits would be raised to $424100 from $417,000. It was also announced that the maximum FHA loan limits were being raised for 2017 also. For Cuyahoga, Lake, Lorain, Medina, Erie, Huron, Sandusky, … Continue reading

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Real Estate is Hot

Its the “dog” days of August and the real estate market is as hot as the temps here in Ohio this week. Rates are at all time lows, inventory is low and there are a lot of buyers looking. If … Continue reading

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Fannie Home Ready

Fannie Mae’s Home Ready loan program is great for buyers who meet income guidelines, don’t own any other properties and want a conventional low down payment program to purchase a single family owner occupied property. Highlights of the program are: … Continue reading

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PMI Tax deductibility is back

2016 PMI tax deductibility flyer Mortgage Insurance tax deductibility was extended under the Protecting Americans from Tax Hikes Act of 2015.  Borrower paid mortgage insurance premiums are tax deductible under certain circumstances for tax year 2016. Consult your tax advisor … Continue reading

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We Have The Land For You.

Originally posted on david reddy:
   ? Residential Land available in Elyria, Grafton, Lagrange and More.       Have you been looking for a property but just can’t find the right fit?  Now may be the time to consider building.…

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Strategies for getting things done

7 Strategies for Getting Things Done February 18, 2015 by Jack Canfield 12 Comments blog-GettingThingsDoneOne of the most common questions I receive is “Jack, how do you get so much done?” It’s a fair question, considering I’ve written 150 books, … Continue reading

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National Consumer Protection Week

March 1- 7 , 2015 is National Consumer Protection Week. It’s a campaign that encourages consumers nationwide to take full advantage of their consumer rights and make better informed decisions. At the website, http://www.ncpw.gov, you’ll find links to consumer information, … Continue reading

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