The holidays are over, and now it is time for the "Santa Shock," when you get the bills for all of your purchases. According to a study conducted by Lending Tree, consumers, on average, incurred a holiday debt of nearly $1,200. The Ohio Division of Financial Institutions tips to reduce your large bill are negotiating a lower interest rate, creating a debt payoff plan, or reducing your spending for normal monthly expenses. Experts say you don't want this year's holiday debt to spread to next year.
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LIMA, OH (WLIO) - There are new resources out there available for all who are looking to become potential homeowners.
For 6 Lima homeowners, they can put their mortgage payments in the past. New Lima-Housing For The Future honored homeowners becoming debt-free with a mortgage burning ceremony. Starting their organization 24 years ago, they have added 243-affordable housing units for Lima residents. Following these homeowners throughout their journeys is part of what keeps them going.
The Homebuyer Workshop will be held every quarter to help give people the information about what goes into the home buying process.
Buying your own home is the American dream, and the City of Lima is working to make that dream come true for residents. The city is hosting a couple of upcoming workshops. One with NACA, the Neighborhood Assistance Corporation of America, and another with the city regarding their first home loan down payment assistance program. City officials say it's important that people understand what assistance is available to them.
Dozens of property owners are coming out to dispute their new tentative valuation amount with the Allen County Auditor's Office. Informal hearings with the auditor's office started today and continue on Wednesday. Every three years, the state requires that property values be re-evaluated. The amount is determined by what properties around you are going for on the open market. You do have the chance to dispute your new valuation, and you need to bring documentation to back up your case.
LIMA, OH (WLIO) - A local church announced they've paid off the mortgage on their building.
LIMA, OH (WLIO) - Another Lima resident is nearing homeownership through the NACA program.
LIMA, OH (WLIO) - Lima residents met local professionals to learn what resources are out there to help them buy a home.
A west-central Ohio bank has officially opened their doors and expanded to serve residents on the east side of Lima! First National Bank hosted the grand opening celebration of their second Lima facility located at 1991 Bellefontaine Road where banking services as well as mortgage and commercial lending departments will be offered. Many Lima leaders including Mayor Sharetta Smith and Lima Allen County Chamber of Commerce President and CEO, Jed Metzger, attended Monday's celebration as services from the west side location on Eastown Road are closer to home for east side residents.