Mortgage

March 11, 2009

Foreign National Buyers in The Bonita Springs Real Estate Market

Foreign Buyers Mortgage Guidelines

One of the questions home owners ask their agent when they list their home is “What about foreign buyers?” Ah, yes, the foreign buyer’s whose money is worth gobs more than American currency after conversion. The foreigners simply must be snapping up …

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March 5, 2009

Home Affordable Modification – Obama’s Plan Has been Approved

Bonita Springs Condo

Mid Week Mortgage News Alert

Two weeks ago, President Obama introduce his plan to stave off foreclosures by giving incentives to banks to help homeowners that are not currently in default lower their payments and take advantage of lower rates. Today, that plan was approved and …

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Posted in Mortgage
March 2, 2009

Bonita Springs Florida Monday Mortgage Report 03-02-2009

HomePath Mortgages - What You Need to Know

Earlier in the month, I discussed the new Fannie Mae mortgage loan program, HomePath : no mortgage insurance, no appraisal, low down payments, and contributions up to 6% of the purchase price. Now that the program has …

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Posted in Mortgage
Feb. 23, 2009

Bonita Springs Florida Monday Mortgage Report 02-23-2009

Should You Refinance the Mortgage

on Your Bonita Springs Real Estate?

That’s a very common question and the basic answer is: If you can save money, then yes you should.

BUT-

To arrive at the conclusion that you will actually save …

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Posted in Mortgage
Feb. 16, 2009

Bonita Springs Florida Monday Mortgage Report 2-18-2009

Truth in Lending | Good Faith Estimate

'Transparency' is one of those terms that gets thrown around a lot in the mortgage world these days. It's actually pretty simple - you as the Client should be able to see everything that's going on with the home loan

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Posted in Mortgage
Feb. 9, 2009

Bonita Springs Florida Monday Mortgage Report 02-09-2009

USDA Rural Land Development Loans

You have another choice for financing property in Florida - have you heard of USDA mortgages?

Most people aren't familiar with that program-

We're all bombarded by Freddie, Fanny, FHA, VA, etc - but USDA financing is alive …

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Posted in Mortgage
Feb. 1, 2009

Bonita Springs Florida Monday Mortgage Report 02-02-2009

Those Who Wait, Lose - Agonizing Over Financing

There's been quite a bit posted lately about mortgage rates - they're going up, they're going down, what's the Government going to do, etc.

There's nothing wrong with wanting to get the best deal possible and save a few …

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Posted in Mortgage
Jan. 26, 2009

Bonita Springs Florida Monday Mortgage Report 01-26-2009

Fixing The Mortgage Mess

President Obama is moving quickly to fix the problems in our country's financial system - and there is an incredible amount of work that needs to be done.

"Officials say they will make wide-ranging changes, including stricter federal rules for hedge funds, …

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Posted in Mortgage
Jan. 19, 2009

Bonita Springs Florida Monday Mortgage Report 01-19-2009

Do Consumers Understand Lending?

Jason Price brought up a good point as he was ignoring the Steelers game yesterday:

We get bombarded with home loan information - the problem is that most of it is so totally over the average person's head that they tend to get …

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Posted in Mortgage
Jan. 12, 2009

Bonita Springs Florida Monday Mortgage Report 01-12-2009

What Makes More Sense Than a Mortgage Pre-Approval?

What makes more sense? Knowing what you can afford BEFORE looking for real estate ...

Or finding something you want to buy and then hoping that you might be able to get the money or loan for …

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Posted in Mortgage