👉Get started on your estate plan—watch our, on-demand workshop: https://www.daytonestateplanninglaw.com/what-we-do-and-how-we-help-webinar/

Todd Nerlinger of Union Savings Bank breaks down today’s mortgage market—interest rates, loan options like blanket, bridge, and asset dissipation loans—and guides first-time buyers through the process.

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Takeaways

• The mortgage market is currently tight with low inventory.
• Interest rates are volatile and influenced by various factors.
• Most borrowers prefer fixed-rate mortgages over variable rates.
• Buying down interest rates can be beneficial but requires careful consideration.
• Credit history is as important as credit scores in mortgage approval.
• Debt-to-income ratio is a critical factor in loan qualification.
• First-time homebuyers should seek pre-approval early in the process.
• Researching mortgage professionals is essential for finding the right fit.
• Specialty loan products can provide unique solutions for buyers.
• Asset dissipation loans can help retirees qualify for mortgages without high income.

Resources:

• Gudorf Law Group
• The Ohio Estate Planning Guide - Free Book
• Gudorf Law: What We Do and How We Help Webinar
• Don't Go Broke in Nursing Home Workshop
• When a Loved One Dies: A Legal Guide - Free Book
• Subscribe on YouTube