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: mortgage
Jul
02
Happy Fourth! and Tax Credit Deadline Extention News
Rates are still at historic lows. If you know of anyone who is thinking about refinancing their current homes, or taking advantage of the combination of low rates and low prices by buying a home, please tell them to give me a call. THank you and have a great holiday weekend!
May
05
Improved Mortgage Insurance Guidelines in Florida
It looks like we are starting to see some improved guidelines here in Florida. Up until last week, borrowers could not get better than a 90% (primary residence) loan to value because of the lack of mortgage insurance in the state. That has now officially changed. I have attached the guidelines that are being used for those loans below.
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.
Nov
30
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:
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.
Jul
12
Bring 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 …
May
29
May’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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