Local Bonita Springs Mortgage Broker If I had a dollar for every sad-as-a-country song story about a mortgage loan that didn’t close on time or a real estate purchase that fell apart because of the mortgage I could retire from real estate. As fate would have it, I’m sitting at my computer eating a spicy [...]
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Keys to a Successful Short Sale There have been several calls and emails from home owners who are either are struggling through the short sale process or wondering what it really takes to negotiate a short sale. From the outside looking in, they some like hostages to transactions going nowhere so I thought I’d just [...]
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Foreclosures and Failed Real Estate Offers So you keep making offers on property and not “getting the deal”. I’ve gotten a couple of emails from buyers asking that same question who feel there are shenanigans going on. Without first hand knowledge of the actual transactions, there are a several very real dynamics in play which [...]
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Propertly listing a short sale to appraise and close sale.
Taking Mortgage Broker Recommendations There’s a big difference between inexpensive and a good value where home loans are concerned. Throw in a few dozen flashy ads with teaser interest rates and all the magic the loan officer promises to work for you and let the mortgage cyclone begin. Getting a mortgage is unsettling for some [...]
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Kinda Makes Me Want To Pull The Fire Alarm A buyer recently asked me if there is anything that I can do to speed up the short sale process. Why funny that they asked on the heels of the shiny, new and improved rules that that have just been formed to streamline the short sale [...]
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That Warm Fuzzy Feeling It’s that time of the year folks. It’s time to give. Give heartily and freely because it’s the right thing to do and there are so many people in need. Why I even received an email with the greatest header that read “Dignity, Peace, Prosperity” asking me to give, give, give. [...]
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The Banks Ran Me Around For Two Years and One Half Years Two and one half years with no payments made to the bank, no response from the bank, no foreclosure, no loan modification, seven accepted offers at about $40,000 as a short sale on his home when he just needed and wanted an [...]
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Banks Get The Gold Mine Consumers Get The Shaft … and Jesus Loves You Sometimes actually getting the bank to give a loan modification doesn’t end with the borrower being getting their issues solved. Loan modifications are an emotional roller coaster. From the day a borrower finally gets a living, breathing human on the phone [...]
I am changing the format of this up a little bit to make it work with our site’s that we post for, so please work with us as we try this this out. Mortgage rates have been holding steady for the past couple weeks. Mortgage applications have increased. Is this a sign that the [...]
Continue reading about Bonita Springs Florida Mortgage Monday August 31, 2009
Interest Rates Trotted Down Under 5% The Mortgage Loan Interest Rates Report for Bonita Springs, Florida. Rates as of August 17, 2009. Holy 4.875% Rates, Batman!!! Yes, it is in the 4% range again. How many times are you going to flirt with this before you decide now is the time. Product Rate Discount [...]
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Visit msnbc.com for Breaking News, World News, and News about the Economy If you can’t see the video above, CLICK HERE. This is a little ditty about how the real estate market really is. Many buyers of real estate worry that because the market is moving so swiftly they won’t get a great deal. [...]
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Your $8000 SHIP has come in. But are you first in line? July 1, 2009 marked the new fiscal year for SHIP (State Housing Initiative Program), a state funded down payment assistance program for low-level income home buyers. However, this year the $161 million grant used to fund this program has been cut to $30 [...]
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The home valuation code of conduct HVCC and what it means to those getting or making loans.
The hassle of flood insurance as written for the Naples Daily News.
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Why HVCC just must loans and funding worse for consumers.
Continue reading about Bonita Springs Florida Monday Mortgage Report 06-22-2009
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 [...]
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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 [...]
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Should You Refinance the Mortgage on Your Bonita Springs Real Estate? That’s a very common question and the basic answer is: If you can save money, then yes you should. BUT- To arrive at the conclusion that you will actually save money, you’ll have to look at several things: #1 How much will it cost to [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 02-23-2009
If you don’t see the video click: Watch Credit Video
Truth in Lending | Good Faith Estimate ‘Transparency’ is one of those terms that gets thrown around a lot in the mortgage world these days. It’s actually pretty simple – you as the Client should be able to see everything that’s going on with the home loan that you are getting for your purchase (or re-finance). Nothing [...]
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The Crossroads of Renting or Owning Real Estate An interesting thing happened while visiting a friend at his place of business last week. He said, “What’s this?” A form had come over his fax machine and was a verification of employment for one of his employees. I assumed that he must be applying for credit [...]
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Maybe Credit Isn’t Always The Issue Setting off to purchase a new home is usually a daunting task and it’s mostly due to the learning curve. Chances are a buyer hasn’t dealt with the process in some time and quite often their last real estate purchase was made in another state. How they did it [...]
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What Makes More Sense Than a Mortgage Pre-Approval? What makes more sense? Knowing what you can afford BEFORE looking for real estate … Or finding something you want to buy and then hoping that you might be able to get the money or loan for it? The answer is pretty obvious, but for years consumers [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 01-12-2009
The Rates and Risks of Mortgages When shopping for a mortgage, one can easily become overwhelmed with all the different mortgage programs that are out there: Fixed Rates (FRM),Adjustable Rates (ARM), Hybrids, etc. The problem that consumers face is “which mortgage is the best?” The answer to this is: the best mortgage program is that program that best [...]
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Banks Didn’t Turn Their Back on Homeowners They Turned Their Back on Our Nation Billions and trillions of dollars of bail out money is what they have all got their hands out for. That’s not even counting the auto industry. Since I’m not expert about the auto industry I won’t be touching that subject with [...]
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Mortgage financing that you may not be aware of…. Home financing is available through the USDA – the zoning of the property is important, but you would be surprised at how many areas actually do qualify in Florida. Believe it or not, 100% financing IS still available. Features of these mortgages include: No Mortgage Insurance [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 12-08-2008
Down But Not Out, Credit Is Still Available Throughout Southwest Florida home sellers have been waiting it out. They’re waiting for buyers, waiting for prices to go up and they’re waiting for something to happen that is going to make their Bonita Springs real estate sell. One of the most frequently asked questions I get [...]
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Bonita Springs FHA Loan Limits If you are a buyer of Bonita Springs real estate and you qualify for a conventional mortgage, you are fortunate enough to be escaping some of the side effects of our recent economic woes. Perhaps, through your investment brokerage you are able to obtain financing and if that works for [...]
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Photo Credit MollyBob Reverse Mortgage News There are many Seniors that want to purchase a home, but do not have enough money to pay cash for their Bonita Springs home. They may have a substantial down payment, but still cannot qualify for a loan. Their credit may not be good, or their pension may not [...]
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Beating a dead horse usually involves a dead horse, a striking object of some type, a person who is delivering the beating and an observer that is probably in denial about what is happening. Feel free to pick your character in this act. Sometimes I wonder if everyone has just grown used to the sounds [...]
Getting kicked When Your Down Today my doorbell rang and there was a familiar face standing there when I opened the door. It was Sandy. Sandy’s had a rough year. He and his wife lost their Bonita Springs home. You see, they got one of those crappy loans that just ballooned to oblivion. I watched [...]
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Busy Busy Busy – The June Market Report Publishes July 9, ’08 Sometimes the day in the life of a Bonita Springs real estate agent is just a marathon. When I hear the alarm in the morning I feel like a pony busting through the gate at the Belmont. Today was no different than most [...]
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It’s Just an Offer, Not an Insult Sometimes a buyer’s offer isn’t received so well. Seller’s may still have in their mind that their home is not only worth what they paid for it, but even more. If it’s been said once, it’s been said a million times. A home has to appraise to close [...]
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All in Favor of Fixing the Mortgage Say Aye! This is a cute little post card that I scanned a while back and decided share today. I can’t tell you who mailed it to me and they didn’t put a logo on it. Darn. If you’re seriously interested in getting a mortgage or refinancing I [...]
If this deal is so good, why are so many passing it up? Same handwriting, new angle. This isn’t as juicy sounding as “Sneaky ways to lower your house payment” but it was cluttering up the same pole. (Corner of Three Oaks Parkway and Corkscrew Road) If you’re REALLY looking for a way to lower [...]
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Sneaky Mortgage Schemes and Mortgage Fraud Lenders, Mortgage Brokers, Mortgage Bankers, Loan Officers and the like – Have at it. Your comments and ideas are welcom in the comments below. Buyers beware; consumers beware. I found this little beauty at the corner of Corkscrew Road and Three Oaks Parway in sunny Estero, Florida. I just [...]
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