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
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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 [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 2-18-2009
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 [...]
Continue reading about Why You Shouldn’t Rent to Own in Bonita Springs, Florida
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 [...]
Continue reading about Blind Sided in Underwriting | Bonita Springs Condo Loans
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 [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 01-05-2009
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 [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 11-14-2008
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 [...]
Continue reading about Hope For Home Owners | Reverse Mortgage
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 [...]
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