Bonita Springs Florida Real Estate | Bonita Springs Fl Lifestyle Report

The home valuation code of conduct HVCC and what it means to those getting or making loans.

Why HVCC just must loans and funding worse for consumers.

What good is a pre-qualification or pre-approval if you’re not going to listen?
When a buyer wants to buy a home, the Real estate agent they are dealing with usually asks right off the bat: “Have you been pre-qualified or pre-approved for a mortgage?”  Why is this such an important questions?  There are several things [...]

Up To $8,000 Up For Grabs
Since the first of the year, many first time home buyers have staked their claim in the Southwest Florida real estate market. Besides the low prices and historic low interest rates, the tax credit of up to $8,000 has been a huge motivator. There are still folks on the fence [...]

Get The Good Rates or Pay The Toll
I am stealing that line from Neil Cavuto of Fox Business Network.
In a recent broadcast of Fox News, Cavuto mentioned how someone asked him about mortgage rates.  The person was hesitant to buy a new house because mortgage rates went back up.  Cavuto asked him what he [...]

Mortgage Prequalification VS Mortgage Approval
OK, by now most Consumers realize that they should have financing in place before even starting to look for real estate - so I won’t beat up on that topic any more!
(BTW - even if you’re not a first time buyer take a look at First Time Home Buyers Rule [...]

Congratulations! Your mortgage Was denied
Many people in today’s market are hesitant to apply for a mortgage, whether it be a purchase or refinance.  They are scared, or more so embarrassed, about the possibility of being denied for the loan.  However, those that are denied for a mortgage are one step closer to getting approved [...]

Are you too late to the home buying or refinancing game?
Some people still think that things are going to get better.  So I decided to hold off one week on writing something, so this way I could write on what did happen.  As they say, “Hindsight is 20/20.”  Now, there is no arguing that [...]

Mortgage Rates Hit 5 Year High
This week it is projected that mortgage rates will reach a 5 year record high.  Thanks to declining markets, credit lending guidelines tightening down, banks going out of business or merging to avoid bankruptcy, and many other economic factors, potential homeowners will now be facing an even more difficult [...]

The Fleecing of American Home Owners
If you’re a home owner fortunate enough to have a job and a home without a mortgage or a least reasonable payments on your home watch and learn what someone in dire straights has to go through to get a loan modification.  It’s an abomination that the banks are still [...]

USDA 100% Financing Gets An Income Facelift
Effective Monday, April 20, 2009, the income eligibility guidelines for USDA 100% guaranteed mortgage loan financing will be changed.  The change, unlike most changes in our current mortgage industry, is for the better.  So what is the change?… Higher income limits in bracketed tiers versus the original per [...]

Bonita Springs Refinance Rates Still Below 5%
Recently, President Obama talked  about the record low interest rates available for home loans and how this is a great time for millions of homeowners to refinance.
Quite a few news sources criticized him for sounding too much like a salesman - but hey, they have to have something to [...]

Foreign Buyers Mortgage Guidelines
One of the questions home owners ask their agent when they list their home is “What about foreign buyers?” Ah, yes, the foreign buyer’s whose money is worth gobs more than American currency after conversion. The foreigners simply must be snapping up real estate hand over fist just to take advantage of [...]

Mid Week Mortgage News Alert
Two weeks ago, President Obama introduce his plan to stave off foreclosures by giving incentives to banks to help homeowners that are not currently in default lower their payments and take advantage of lower rates.  Today, that plan was approved and rolled out by Fannie Mae through its Home Affordable Modification [...]

HomePath Mortgages - What You Need to Know

Earlier in the month, I discussed the new Fannie Mae mortgage loan program, HomePath : no mortgage insurance, no appraisal, low down payments, and contributions up to 6% of the purchase price.  Now that the program has been running for a couple weeks, I [...]