Blog - Month: October 2020
Month: October 2020
What is Underwriting and Why Does It Matter?
Underwriting is the mortgage lender’s process of determining the risk of lending money to you. The bank, credit union, or mortgage lender has to decide whether or not you can pay back the home loan before deciding whether to approve your application. A home loan is a detailed process involving applying for the mortgage, receiving a loan estimate from the lender, processing the loan, waiting for approval, and finally closing on your home. The role of an underwriter is incremental in the entire process. Here are the responsibilities of an underwriter when helping process your home loan. · Review your credit history. Underwriters look at your credit score. They look at your overall credit score and search for things like late payments, bankruptcies, overuse of credit, and more. · Request an appraisal. Your underwriter will request an appraisal to ensure that the lender's amount for the home matches up with the home’s actual value. · Verify your income and employment. Your underwriter will ask you to verify your income and employment situation. · Look at your debt-to-income ratio. Your DTI is a percentage that tells lenders how much money you spend compared to how much income you bring in. You can calculate DTI by adding together your monthly minimum debt payments and dividing it by your monthly income. An underwriter analyzes your debts and compares them to your income to ensure you have enough cash flow to cover your mortgage pa
Cleveland Trick-Or-Treat Times
Wondering what time trick-or-treat begins this year? Here is a guide to local community trick-or-treat times throughout Fairview Park and other surrounding cities! Avon: Saturday, Oct 31, from 6 – 7:30 p.m. Avon Lake: Saturday, Oct 31, from 6 – 7:30 p.m. Bay Village: Saturday, Oct 31 from 6 – 8 p.m. Fairview Park: Saturday, Oct 31, from 6-8 p.m. Lakewood: Saturday, Oct 31, from 6 – 8 p.m. North Olmsted: Saturday, Oct 31, from 6 – 8 p.m. North Ridgeville: Saturday, Oct 31, from 6 – 7:30 p.m. Olmsted Falls: Saturday, Oct 31, from 6 – 8 p.m. Rocky River: Saturday, Oct 31, from 6-8 p.m. Westlake: Saturday, Oct 31, from 6-8 p.m. Here are some tips for a safe Halloween during Covid-19, from the Health Department. For parents: · Have children wash their hands before eating treats. · Bring hand sanitizer and a flashlight. · Eat only factory-wrapped treats. Avoid homemade treats made by strangers. For trick-or-treaters: · Design and wear a cloth face covering. · Trick-or-treat with only your household instead of with a large group this year. · Wear reflective clothing. · Only walk on sidewalks or the far edge of the road facing traffic. If giving out treats: · Design Wash hands or use hand sanitizer often - even if you're wearing gloves. · Wear a cloth face covering over your nose and mouth. · Keep your distance when giving o
Fall Fun: What's Going on Around Cleveland This Season?
Northeast Ohio is a great place to celebrate the fall season. Whether it’s Halloween-themed things you want to do, fall colors you want to see, or fall flavors that you want to try, Cleveland and its surrounding cities have you covered. Here are a few of the great events that you can take advantage of this season. Enjoy the Changing Colors of the Season at Rocky River Reservation. Rocky River Reservation is located in Berea, Brook Park, Cleveland, Fairview Park, Lakewood, North Olmsted, Olmsted Township, and Rocky River. The reservation includes a nature center, marina, stables, and three golf courses. Make a stop at Berea Falls Scenic Overlook, and climb the Fort Hill steps for excellent views. Northeast Ohio has no shortage of breweries, and they're all producing their fall flavors, which is an ideal time to sip some seasonal brews. The variety of options include Oktoberfests, pumpkin ales, and all the fall flavors in-between. This is a prime season for craft beer lovers. Pick your produce at Patterson Fruit Farm. Some of Patterson’s Fruit farms' highlights are the pumpkin patch, apple picking, Patterson’s Bakery, a corn maze, haystacks, and a treehouse. Admission details are Monday through Thursday 10:00 am-6:00 pm $6.00/person. Friday, Saturday, and Sunday 10–5:00 pm $10/person located at 11414 Caves Rd, Chesterland, OH 44026. Get your children dressed in their Halloween costum