County Auditor Property Valuations in Ohio: How They Affect Your Closing and Tax Prorations
A Number That Shapes More Than Your Tax Bill Every Ohio property has an assessed value set by the county auditor, and that number does far more than determine an annual tax bill. It also plays a direct role in calculating the tax prorations that show up on your closing statement. A change in how …
Assumable Mortgages in Ohio: What Buyers and Sellers Need to Know
A Rare Advantage in a Higher-Rate Market When mortgage rates rise, a seller who locked in a low rate years ago holds something valuable: the ability, in certain cases, to let a buyer take over that loan instead of originating a brand new one at today's rates. This is called a mortgage assumption, and while …
Understanding Your Closing Disclosure: A Line-by-Line Guide for Ohio Homebuyers
What Is a Closing Disclosure? The Closing Disclosure is a five-page federal form that lists the final terms of your mortgage: interest rate, monthly payment, loan terms, itemized closing costs, escrow setup, and the exact amount of cash you need to bring to closing. It replaced the old HUD-1 Settlement Statement and final Truth-in-Lending disclosure …