Cincinnati Area Mortgage Loans - Kelly Johnson MLO- NMLS # 2059538

09/18/2021

"What is your rate?" This is sometimes the first question we hear on the phone. What you should be asking is "What is the APR?" If bank XYZ quotes you a lower rate, but your closing fees are $2000-$3000, you are getting the worst deal from the lender with the best rate. Surprised?? Yep, that's what most people think also. Our low closing costs mean that our APR is generally better than the other lenders. It takes a little more time/info for me to give you that number, but I am happy to do it. Send me a message or give me a call and I will get you on the path to finding out your true APR and not just your flashy interest rate!

02/14/2021

Rate have to go up soon. The 10 year treasury has almost doubled since mid 2020. Let me get you refinanced before the rates go up!!

11/11/2020

Are you paying PMI? What is PMI? Private mortgage insurance is usually required when you put less than 20 percent down payment on a home. Lots of times this happens with first time home buyers who take advantage of government backed loans like FHA & USDA. Did you know that based on how many payments you have made and the amount your home value is increased, you may be able to refinance and get rid of the PMI? PMI is insurance and none of that payment is credited toward your loan balance. Get rid of your PMI as soon as you can. I'm happy to talk with you and see if this is an option for you. Message me or give me a call at 859-341-0700 x234.

11/08/2020

"I don't want a hard pull on my credit!" We hear this all the time. Did you know that most credit bureaus give you a grace period before certain inquiries are reflected in your score? Most will often record all inquiries for the same purpose as a single inquiry. This time period for lumping all similar credit inquiries into one is usually from 14-45 days depending on the credit agency. So getting multiple estimates from mortgage companies will have a negligible effect on your credit score. Let me give you a loan estimate that you can compare against your other potential lenders. I'm confident that our final cost will beat almost everyone out there!

11/07/2020

"What is your rate?" This is sometimes the first question we hear on the phone. What you should be asking is "What is the APR?" If bank XYZ quotes you a lower rate, but your closing fees are $2000-$3000, you are getting the worst deal from the lender with the best rate. Surprised?? Yep, that's what most people think also. Our low closing costs mean that our APR is generally better than the other lenders. It takes a little more time/info for me to give you that number, but I am happy to do it. Send me an message or give me a call and I will get you on the path to finding out your true APR and not just your flashy interest rate!

11/01/2020

https://www.investopedia.com/terms/r/rate_and_term_refi.asp

Rate-and-term refinance refers to the refinancing of an existing mortgage for the purpose of changing the interest and/or term of a mortgage without taking additional cash out.