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 ...
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 ...
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 ...
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Experian using rental history to calculate credit score:
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 ...
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– ...
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 ...
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 ...
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 ...
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 ...
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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 ...