The housing market has seen incredible growth over the past few years and the low interest rates have been a big driver of that. With so many people looking to buy a new home or a secondary property, mortgage lending comes up with our clients quite a bit. Today we’ve invited Gary Kubalski and Keith Abramo from Union Savings bank to tell us more about recent market and mortgage trends.
The Combination and Key Points:
Homeownership will always be a significant part of retirement planning because it’s one of the largest assets you’ll ever own and it will likely be the largest single debt you have to carry. While we know enough to be dangerous when it comes to mortgages, we still rely on professionals that work in lending every day.
We’ve invited Gary Kubalski and Keith Abramo from Union Savings Bank to talk more about lending and the options that are available for anyone in the market for a new home. They’ve been one of the top five lenders in Ohio for the last decade or so and that’s without previously having a branch in the Cleveland and Akron market.
This will be a two-part conversation that dives into many different aspects of the lending process and why a local bank might be a great partner. We’ll start today with a little insight into the market with recent interest rate increases and the mortgage trends that have followed.
Here are some of the things you’ll learn on this episode:
- A little background on Union Savings Bank and its expansion into the Cleveland-Akron area. (1:12)
- Are we seeing a mortgage lending slowdown? (5:24)
- What are adjustable rate mortgages and are they becoming more popular? (8:22)
- The mortgage guidance they provide customers during the process. (12:51)
- Debt to income ratios to get qualified. (18:12)
If you’ve enjoyed this podcast and want to learn more about how we can help you financially, please reach out and we’ll be happy to set up a time to talk.
If you have any questions, please reach out to us at https://www.baschrock-fg.com/ or give us a call at 330-473-1060
Thanks for listening to another episode of Unlocking Your Financial Future. We’ll talk to you again next week!