Mortgage

July 20, 2012

Private Loan Financing - Hard Money in Bonita Springs, Florida

Flamingo legs in Bonita Springs

Turned Down For Financing?Private Money - Hard Money

If you’re in the position where you need to buy a home in Bonita Springs but you don’t qualify for conventional financing there are alternatives.  Many buyers immediately think of looking for owner financing which offers a very limited pool of ...

View More
Posted in Buyer Tips, Mortgage
Jan. 25, 2012

Real Estate Financing Questions | Mortgage Mailbag

2327283885_02253dfc6e_o

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 ...

View More
Posted in Mortgage
April 17, 2011

Private Money Lending For Credit Challenged Real Estate Buyers

IMG_6861

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 ...

View More
Posted in Mortgage
Feb. 19, 2011

Bonita Springs Real Estate Buyers - Rental History May Help Credit

If you do not see the video above click here:

Experian using rental history to calculate credit score:

Rental History Credit & Future

Real EstatePurchase

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 ...

View More
Posted in Mortgage
Sept. 11, 2010

Mortgage Rates For Weekend Real Estate Shoppers

Boy at the Beach

15 Year, 30 Year Fixed & Jumbo

The Labor Department released its August Consumer Price Index data earlier this morning – and mortgage investors yawned with the year-over-year rate of inflation remaining stable at 1.0%.  Could be we’re in for mortgage interest rates staying in the 4’s range– ...

View More
Posted in Mortgage
May 17, 2010

Must You Give Personal Information to Buy Real Estate?

State Fair Antique Pin

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 ...

View More
Posted in Mortgage
Feb. 17, 2010

Time Zones, Online Mortgages and Russian Roulette

The Forest

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 ...

View More
Posted in Mortgage
Feb. 3, 2010

Bi-Weekly Mortgage Payments | Florida Real Estate

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 ...

View More
Posted in Mortgage
Jan. 29, 2010

The Dollars and Cents of a Great Interest Rate

Corkscrew Swamp Sanctuary Naples Florida 056

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 ...

View More
Posted in Mortgage
Jan. 25, 2010

Foreclosure and Revenge Against the Bank

The Homeowner’s Parting “Remarks”

If you do not see the video aboveClick Here.

We’ve seen it all and we’re still seeing it, the trashedforeclosure.  Occasionally, the owners have just walked away and left the home intact.  Other times they take it out on the walls and ...

View More
Posted in Mortgage