Bradley Miller Salem
Bradley James Miller
LO Assistant
NMLS #1915662

POLAND, Ohio (December 4, 2019) – From the golf course to the mortgage industry – Bradley Miller of Salem, Ohio has been hired as the newest team member at the Amerifirst Home Mortgage branch in Poland, Ohio. A professional golfer since 2016, Miller will be pulling from his bag of skills to score more loan closings and additional client support as the team’s fourth licensed loan originator (LO) on staff. Continue reading

HUD defines a cost-burdened family as “those who pay more than 30% of their income for housing.” Naturally in those situations, the families struggle to afford other necessities such as food, clothing and medical care.

According to a recent study, the number of cost-burdened households is on the decline. Only 20.9% of homeowners with a mortgage were cost-burdened as of 2018, marking a 28.8% decrease from just a decade earlier.

A decline of any amount should be looked at as a great trend, as fewer families are struggling financially. However, those numbers are a little deceiving. Continue reading

It’s no secret that the goal for most mortgage lenders is the same – help buyers get into the homes of their dreams. Naturally, most lenders’ marketing and outreach reflect that. They target the buyer directly with rates, costs and promises, and forget that in most cases this isn’t a two-party service.

There’s another layer that often gets overlooked…and that’s you, the Realtor®.

Our branch understands how important your role is in the home buying process, and our model acknowledges that. You take precedence over all others. Continue reading

POLAND, Ohio (October 23, 2019) – In an effort to better serve its clients, AmeriFirst Home Mortgage in Poland has announced the hiring of Red Davis as its new Client Relations Manager.

“We are very excited to bring on a talent like Red, and are confident that his extensive background in hospitality and customer service will offer our clients an even better home buying experience overall,” said Brandon Davis, Branch Manager and Loan Originator for Amerifirst Home Mortgage. Continue reading

We’ve talked a little bit before about cleaning and repairing your gutters, which is very beneficial during the rains of summer, but also as the seasons change into fall and winter.

And yes, we get it. Nobody wants to think about fall, or especially winter right now. But, the only thing worse than doing fall home improvements now is doing them when the cold weather sets in…or when the lack of preventative maintenance leads to costly repairs in the dead of winter.

We’ve put together a checklist for you to start knocking these things out now, so when your neighbors are all outside grumbling in the cold weather, you’ll be inside sipping hot chocolate and planning next year’s summer vacation. Continue reading

real-estate-creativity

Six Ways to Improve Your Office’s Creative Thinking

Key takeaways:

  • Creative thinking is critical for problem-solving in unique situations
  • An inability to adapt and think creatively can cost you clients and referrals
  • There are simple ways to strengthen your office’s creative thinking

If you have a problem to solve, you need to be able to think creatively to formulate the best possible solution.

This is especially true when it comes to real estate. Each buyer or seller presents a unique situation and an agent must be able to adapt quickly. Failure to adapt usually means an unhappy client, which in turn means no referral. Not a great way to earn a positive reputation in the community.

In 2010, Newsweek published the results from a study into creativity. The study shows that since 1990, while IQ scores may be increasing, creativity has been inching downward. Further research into the decline shows that people in general are less creative as they get older.

Now more than ever, creative thinking is crucial to productivity. Think of your career. Has there ever been a time when your ‘job title’ hasn’t evolved to adapt to changes in your industry? Have you had to think ‘outside of the box’ to get an edge over your competition?

If you answered those questions with anything other than “every day,” then you have some catching up to do. Continue reading

mortgage refinancing

Before deciding whether a new mortgage to replace the current one is the best option, determine what it is you want to accomplish before anything else. Remember, refinancing a mortgage doesn’t pay off the debt; it just restructures it, often at a lower interest rate and possibly a different loan term than the current mortgage. Just so you guys don’t jump ship too early, here are three situations where it simply doesn’t make financial sense to refinance:

1) Your mortgage is old

In a mortgage, the proportion of a payment credited to the principal of the loan goes up each year while the proportion credited to the interest goes down. This means in the later years of a mortgage, more of a payment applies to principal and helps build equity. By refinancing late in a mortgage, you will restart the amortization process, and most of your monthly payment will be credited to paying interest again and not to building equity. However, if you refinance to a lower rate and a shorter term, the interest expense may still be in your favor. It’s worth asking a mortgage professional.

2) Your current mortgage has a prepayment penalty

A prepayment penalty is a fee that some lenders may charge if you pay off your mortgage loan early; to include a refinance. If you refinance with the same lender, ask whether the prepayment penalty can be waived. Consider the costs of any prepayment penalty against the savings you expect to gain from refinancing. Paying a prepayment penalty will increase the time it will take to break even, when you account for the costs of the refinance and the monthly savings you expect to gain.

3) You plan to move or sell your home in the next few years

The monthly savings gained from lower monthly payments may not exceed the costs of refinancing. You may want to consider an adjustable rate mortgage, if you are confident that you will not remain in your house for an extended time, doing the math to see if refinancing makes sense. Sometimes ARMS offer better terms.

If you’d like to learn more about whether refinancing is the best option for you or your clients, contact Bob Gratz at bgratz@amerifirst.com.

 

*Not all borrowers will qualify. Contact us for more information on fees and terms.

$500 AmeriCash
For many, buying a home is likely the largest expense they will ever make – any sort of financial relief could help to instill more confidence and get you into the home of your dreams. With this in mind, Amerifirst is now offering a buyer incentive program that allows you, the buyer, to receive $500 toward your closing costs.

The program, which is open to any buyer, is good for all of 2019 and renewable each year afterward, and is eligible with almost every loan we offer.* Continue reading