House hunting advice helps buyers weigh down payment and costs
A guide for home buyers discusses mortgage down payments from five to twenty percent and rising rates at Northern Savings and Loan. It outlines selection factors from schools to utilities, explains MLS benefits, and warns about older homes with risks in roof, structure, plumbing, wiring, heating, and drainage.
MENTIONED IN THIS ARTICLE
Hubbard
Northern Savings and Loan
The
Ohio Real Estate Commission
Lorain County
Board of Realtors
MLS
Old House Journal
Lorain County housing market remains hot amid rising costs
Lorain County faces soaring home prices with the typical new three bedroom split level surpassing 55,000 and down payments around 8,000 as buyers, mostly 25 to 35 year olds, push into mortgages. Despite higher costs, 1977 and early 1978 activity show strong demand with 2,576 homes sold in 1977 and 487 sold Jan–Mar 1978.
MENTIONED IN THIS ARTICLE
Torio
Lorain County
Donald J. Rothgery
Federal Home Loan Bank Board
Lorain County Realtors
National Association of Realtors
Also Mentioned on This Page
Archie Evans
Elyria
Alice Luddington
Carmine Torio
Home Builders Association
Lorain- Sheffield-Sheffield Lake
North Ridgeville
Eaton
Grafton
Amherst-Vermilion
Oberlin Area
Federal Home Administration
FHA
Veterans Administration
Rothgery
International DeepSilver
Roger Bros
International Sterling
International Deluxe
Lyon
International Continental Stainless
Silver
Midway Mall
Visa/Bank Americard
Master Charge
Higbee Charge
American Express