Conventional, Cash and FHA Financing Statistics Wondering how things get paid for in the Bonita Springs and Estero Florida real estate market? These are the number for July 2009 taken from the Sunshine MLS. This is the closed real estate sales only during that month. Cash is king, followed by conventional mortgages and [...]
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The Second Run of Investors “But I thought it was a buyer’s market” … That’s what the last buyer said to me that had put in a half dozen offers on homes and lost the contract on every single bid. It is, in fact, a buyers market but there are also a lot of buyers [...]
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Florida Mortgage Rates It looks like rates have pretty much held steady this past week. But how much longer will it hold out? Product Rate Discount APR Monthly Payment Conforming Fixed 30 Year 5.125% 0.00% 5.278% $816.73 Conforming Fixed 20 Year 5.250% 0.00% 5.458% $1,010.77 Conforming Fixed 15 Year 4.625% 0.00% 4.883% $1,157.10 [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 07-20-2009
Bonita Springs Real Estate Myths 1. There are homes for sale on the Imperial River for sale for $100,000. No. There are barely any homes available at that price, let alone on the river. That price is a ridiculous stretch for gulf access real estate in Bonita Springs. There are more bar stool stories about [...]
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Interest rates for Bonita Springs Florida real estate.
Continue reading about Bonita Springs Florida Monday Mortgage Report 07-13-2009
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 [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 07-07-2009
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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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 [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 06-01-2009
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 [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 05-18-2009
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 [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 05-11-2009
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 [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 04-27-2009
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 [...]
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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 [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 04-14-2009
If you don’t see the video below click this link: Why Won’t My Mortgage Company Help? The video is complements of the Consumer Warning Network. You can read the entire article about how Wells Fargo isn’t cooperating with these home owners HERE.
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