Since rates are at the lowest point ever, and we know that they have to go up, assuming that rates will rise, it may not make mathematical since to wait.
Tag Archive: Brevard County
Jun
07
Special Mortgage Program for Engaged or Recently Married Couples
If you make application with me, Joe Harris from Morgan Financial, in the month of June[2], and close your loan with me by September 30, 2010 I will pay $300 of your closing costs at closing[3].If you make application with me, Joe Harris from Morgan Financial, in the month of June[2], and close your loan with me by September 30, 2010 I will pay $300 of your closing costs at closing[3]. If you do not fit into this special, but know someone who does, please let them know.
May
21
Great News for Buyers with a Short Sale!
New Eligibility Rules Announced From Fannie Mae! There’s great news from Fannie Mae for home buyers who have experienced a short sale or deed in lieu of foreclosure. To help the housing market’s continued stability, Fannie Mae is changing the “waiting period” (i.e. the amount of time that must elapse after the preforeclosure or short …
May
16
The first and most important step in the home buying process…
Are you looking to purchase a home? Do you know your purchasing power and Financing options?
Mar
22
No money for a Down Payment?
Whether you are planning on getting gift funds, taking advantage of community or governmental funds, or selling your antique GI Joe collection, make sure to speak with your mortgage professional to assure that you are properly documenting the funds for the underwriter. There are many rules and regulations surrounding gift funds and cash to close and improper use could spell disaster. Please contact me anytime for further information.
Mar
16
There Is Still Time To Take Advantage Of Government Incentives!!
It is a great time to be involved in the Real Estate industry; home prices are great, interest rates are at historic lows, and there are still government incentives to purchase a home. The government incentives are set to expire, and you will need an executed contract by the end of April to take advantage of the tax credit. There is still time to get in on this once in a lifetime deal, so do not delay, act now!
Feb
15
Has the Brevard County Real Estate Market hit Bottom?
Welcome to the first market data report for Brevard County Real Estate of 2010. While 2009 turned out to be a good year for both the reduction in inventory, and sales of existing inventory, it also proved to be the year of lending changes, and bottoming out prices. With 2009 in the distant past, we now get our first glimpse into the new decade for 2010.
Sep
15
Life After a Short Sale
So here is the long and short of it: if you have recently experienced a short sale, you will be ineligible for a conventional loan for at least 2 years; you may be eligible for FHA financing, however, you will have to prove that there were extenuating circumstances. These extenuating circumstances could include loss of job, death of a wage earner, hospitalization, or some of these sorts. Additionally, you cannot have had any mortgage lates in the last year. For a loan to be considered prior to 2 years, it must be strong.
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