Michael Klacik's blog

Youngstown-Columbiana Association of REALTORS® Past Presidents' Luncheon

Dave Klacik (President of YCAR in 2010) recently participated in the Youngstown-Columbiana Association of REALTORS® Past Presidents' Luncheon to honor all those who served as President of the association over the years.


Mortgage Interest Rates are Still Below 4%!

Did you know that the monthly payment on a $100,000 mortgage, amortized for 30 years, with a fixed rate of 4%, is only $477.42 per month!

You can buy a pretty nice home in the greater Youngstown/Warren/Columbiana area in the $100,000 range.

Don't assume you can't buy. If you're not ready right now, but you want to buy your own home, then now is a great time to start working a plan to make it happen.  

Click here to use our online calculators to see the cost breakdowns.  Contact us anytime.  We're here to help!

How Long Before You Can Qualify For a Loan After a Short Sale?

Change is good . . . most of the time.  This is not one of those times.

If you sold a property on a Short Sale within the past few years, you were probably informed by the lender that according to Fannie Mae guidelines you could qualify for a new loan after a 2-year waiting period. Unfortunately Fannie Mae recently changed those guidelines to a 4-year waiting period.

Read more about it here:  Buying after a Short Sale? The Wait Just Got Longer - (TNS)—Q: We completed a short sale about two years ago. We have been renting and saving our money to buy a new home after the two-year waiting period imposed by Fannie Mae. When we applied for our new loan, we were told that now we have to wait another two years. We are very upset […] [Daily Real Estate News]