Mortgages, Divorce, Refinance and Quit Claim Deeds A couple of great mortgage questions have come in over the last few weeks … Question: We’re considering selling our place and purchasing another and we would like to do back to back closings. Is this something that can be done? Not everyone can pay cash for real [...]
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Take the L Out of Lover & It’s Over … Unless There’s a Note So a while back I’m at this party … when the room thinned out and got a little quieter “Rick” mentioned that he was on his way across town to sign some papers. As a matter of fact, it had just [...]
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Private Money Mortgage Lending Chris Brown from Certified Mortgage planners sent me an email with a new program that may interest a few real estate shoppers. For those of you mentally ready, but not credit-ready, to get back into the real estate market this may be an alternative to a traditional mortgage for real estate [...]
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If you do not see the video above click here: Experian using rental history to calculate credit score: Rental History Credit & Future Real Estate Purchase Wouldn’t it be great to see the other credit bureau’s follow Experian’s lead? Bonita Springs real estate buyers would be able to rebuild dinged credit by paying their rent [...]
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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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Choosing a Short Sale Listing Agent While email isn’t new or revolutionary in real estate it has become instrumental to the success of most contract negotiations and closings, especially when a property is a short sale or a foreclosure. This isn’t a general whine about real estate agents that don’t or won’t properly use email. [...]
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Weekend mortgage rates for buyers of Bonita Springs, Florida real estate.
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Coughing Up Info Before The Real Estate Hunt What do you have to divulge before you buy real estate? The short version is “it depends”. The longer version comes after you decided what you’re thinking about budgeting for your real estate and how you’re going to pay for the real estate. It really doesn’t matter [...]
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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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Pros and Cons of a Bi-Weekly Mortgage Program When a borrower enters into a contract to make bi-weekly payments on their mortgage, the amortization schedule is accelerated. For example, with a 30-year amortization schedule, the borrower makes 12 payments per year. In a bi-weekly arrangement, the borrower makes 26 ‘half’ payments, which allows the loan [...]
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The Low Interest Rates Won’t Last Forever To everyone’s great relief, fixed mortgage rates have been extraordinarily low for the last year averaging between 4.75% – 5.25%. However, perhaps you remember the summer of 2008? Gas prices crested $4/gal, inflation was all the rage and home buyers were snapping up 6.5% mortgage rates like they [...]
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A Brief but Passionate Affair This was almost the mailbox to a first time home buyer in the Bonita Springs-Estero area. Some houses just have a few issues that pop up that push them outside of budgeted repairs or even insurance guidelines or lately, mortgage guidelines. Anything can pop up during the home inspection. That’s [...]
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Know Your Credit Score In the past, it wasn’t out of the question to obtain a mortgage with a FICO score in the low 500 range. In fact, if you were willing to accept the payment, you could even do so with little money down. Today, however, if you have a low FICO score, you [...]
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