Does a 60% annual rate of return sound good to you?
What if I told you that you could receive a guaranteed rate of return on your money of over 60% per year? Would that interest you at all? Of course it would; you are a rational, financially conscious human being. Well, let me give you a scenario where that is not only true, but highly likely in today’s mortgage interest rate environment:
Read moreLife 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.
Read moreBring on the new mortgage regulations!
There is much new regulation coming down the pipe for the mortgage industry with Regulation Z changes, and RESPA changes; many of my peers are beside themselves and raving mad about the changes. In the next years many of the rules that hold professionals in the mortgage industry accountable will become stricter. This may sound [...]
Read moreMay’s Luxury Home Showcase was a wild success!
With over 25 agents attending from 10 different offices from all over Brevard County, this event was a wild success. While giving exposure to the property is the goal, it is also nice to have a time to speak with your professional peers from a myriad of different offices. For those who attended, thank you [...]
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