A special program designed for first time or repeat homebuyers will be presented by Fifth Third Bank from
6 to 7:30 p.m. on Tuesday at the downtown Bowling Green Banking Center, 275 S. Main St.
The workshop is free and open to the public.
Attendees will learn what is required to become a homeowner:
¥ Credit Scores: What they mean; how to improve them
¥ Debt to Income Ratio: How that ratio impacts the ability to get credit
¥ Mortgage programs available in today’s changing market
¥ Government’s tax relief program for first-time home buyers
"While we are not at the levels of recent years, there is quite a fair amount of activity in
residential mortgages in Northwestern Ohio," said Elizabeth Kollar, senior vice president,
mortgage.
There are a number of reasons for this, including:
¥ Interest rates are very attractive-better than we saw 10-15 years ago!
¥ Contrary to popular belief, houses can still be purchased with less than 20% down payments
¥ Housing stock is plentiful and available at bargain prices
¥ First time homebuyer incentives from the government can be up to $8000
Low rates combined with declines in home values, make it a great time for consumers to evaluate and
consider home financing options.
Fifth Third Bank mortgage experts will be available to answer financial questions.
Reservations are not required, but seating is limited. Call (419) 353-2784 to reserve A seat.
