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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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 [...]
There’s no place like 4%, There’s no place like 4% It appears as though potential home owners had their house land on the higher rates of 5% and reward them with some red ruby slippers to wish rates back down into the 4% range. But you better hurry and take advantage of the minor dip [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 10-19-2009
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 [...]
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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
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 [...]
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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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Those Who Wait, Lose – Agonizing Over Financing There’s been quite a bit posted lately about mortgage rates – they’re going up, they’re going down, what’s the Government going to do, etc. There’s nothing wrong with wanting to get the best deal possible and save a few $$ – but people have been taking things [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 02-02-2009
Lowest Rates in 37 Years I’m going to make this morning’s update a quick one- Everyone seems to be taking it easy now that the Holidays are upon us. Hey – everyone needs a little break every now and then! But keep a few things in mind…… * We still have a very strong Buyer’s [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 12-22-2008
Rates Drop For Bonita Springs Real Estate Mortgages After giving the out the good news that YES, money for mortgages IS available for Bonita Springs Florida home purchases – I’m here to let you know that the rates on the mortgages have come down quite a bit. In other words: a 30-year fixed conventional mortgage [...]
Continue reading about Bonita Springs Florida Monday Mortgage Report 12-01-2008
Happy Monday! Traffic has picked up, and we know what that means… things are moving! Rates are still very low and two of the best programs in the market center are: 30 year fixed rate at 6.125% loan amounts up to $417,000 5/1 ARM at 5.5% with loan amounts up to $3,000,000 If you need a [...]
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