Lake Erie Vacationland Blog

Here are some things to keep in mind when you are ready to buy a place in Vacationland:

  • Decide how many bedrooms and baths you would like to have.
  • Get a general idea of the location you would like to be in.
  • Decide what your budget is.
  • Remember that most developments have Home Owners Associations. Condominiums have associations.. There will be fees involved. Most mobile home parks are on leased land. Homeowners in these parks will pay larger fees BUT get plenty of amenities. Plus, the park owner pays the property taxes and water and sewer bills.
  • If boating/fishing is important to you, pick a location close to the places you think you may be boating to. If you need nautical expertise call Captain Gary Hopp, Realtor.

Gary and Peg Hopp, Realtors

Russell Real Estate Services

Port Clinton, OH 43452

419-270-3800/419-341-2710

Posted by Peggy Hopp on May 22nd, 2016 4:31 PM

Pre-qualification is an informal determination by a lending professional that estimates how much mortgage you can afford. This will help you guide your home search to the correct price range.

Pre-approval is a written guarantee by a lender or mortgage broker to grant you a loan up to a specified amount. It is a good idea to get pre-approved before submitting an offer; sellers will take your offer more seriously than an offer from someone who is only pre-qualified.
Posted by Peggy Hopp on March 30th, 2016 4:13 PM

Estimate that your monthly payments will be around 25% of your gross monthly income. Most lenders feel satisfied with that number. Keep in mind your credit score and any other monthly obligations will also be factored in. There are lots of mortgage calculators online that can be used to estimate what you can afford using different loan and rate amounts.

Click on the link below:

                                          MORTGAGE CALCULATOR

Posted by Peggy Hopp on March 15th, 2015 1:57 PM

What are the advantages of buying a home?

Several! First of all, owning a home is a great way for you to build equity, take control of where you live, and invest in your family and your community. One study found that homeowners also report a higher quality of life.

Posted by Peggy Hopp on March 6th, 2015 10:36 AM