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Mark H. Otto has been licensed as a Real Estate Agent and Auctioneer since 1990. He has resided in both Summit and Stark County his entire life and attends the River Tree Christian Church. Mark is a Mason and member of Clinton Lodge 47, in Massillon, Ohio, as well as a member of the Portage Lakes Fitness Center. His daughter, Sara Otto is a 2004 graduate of Northwest High School and is a registered Nurse. His Son, Heston Otto is attending Stark Technical College.


Here are some key items to examine on the documents before you sign for a home mortgage:

What kind of loan are you getting? Conventional or backed by the federal government?
Is the interest rate fixed or variable?
Does the monthly payment include taxes and insurance?
What fees will you be charged?  Question any that you don't understand or that seem unnecessary.
What is the percentage rate for the interest you will pay?  Is it the lowest you qualify for?
Note how much you will pay during the life of the loan.  Does that match what you were told?
What are the penalties for late payments?
Is there a prepayment penalty?

   
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