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Blog Details for "Your Florida Mortgage Source Blog"
Your Florida Mortgage Source Blog Your Florida Mortgage Source Blog Current news on mortgage rates, home loan advice, useful homeowner tips, refinancing, debt consolidation, and more. Articles
Borrowers pay credit cards, not mortgages
2007-06-26 01:55:00 It used to be when people got into financial trouble they would pay their mortgage and let their credit cards slide. Not any more — at least not for subprime borrowers. A new study by Experian, the Costa Mesa-based credit bureau and information services company, shows that subprime borrowers are now paying their credit cards first ... More About: Credit Cards , Credit , Mortgages , Cards , Gage
Current mortgage disclosures fail to convey key mortgage costs
2007-06-24 19:59:00 In a study involving 819 recent prime and subprime mortgage customers in 12 locations around the country, the Federal Trade Commission found that using current ''truth-in-lending'' and ''good faith estimate'' disclosures More About: Current , Mortgage , Rent , Gage , Sure
Foreclosures are spiking in Santa Rosa County
2007-06-23 18:02:00 “It’s the worst I’ve ever seen it,” said Deputy Clerk Joyce Watkins, who’s been processing foreclosures in the Circuit Civil department of Clerk of Court’s office for over eight years. By the 13th day of June, Watkins and her department already had 31 foreclosures to process. She compared the 71 foreclosures in May to the ... More About: Foreclosures , Santa , Santa Rosa , County , Sure
Mortgage Rates for Jun 22
2007-06-22 11:08:00 Rates on 30-year mortgages, after rising for five straight weeks, edged down slightly this week as investors digested news that suggested the economic drag from housing could last longer than expected. Mort gage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.69 percent this week. That was down from 6.74 percent last week, when rates ... More About: Gage , Rates , Rate
Condo converter Puig Inc. is a casualty of the housing downturn
2007-06-21 11:07:00 Since South Florida’s raucous real estate party ended, the hangover has taken different forms — sales plunging, foreclosures rising, lawsuits flying. Now, a Hialeah condo conversion company has gone bankrupt in one of the biggest bankruptcy cases yet to come out of the soured housing market. Read more… Puig, a ... More About: Converter , Condo , Housing , Casualty , Turn
Florida, California home prices likely to drop in 2 years
2007-06-21 11:02:00 The days of oceanfront property as a good investment might be a thing of the past. Some homeowners in California , Florida and the southwestern U.S. now face more than a 60 percent chance their property will be worth less in two years, according to a new study by a mortgage insurer. But for Texans and Midwesterners, ... More About: Home , Years , Like
Annual Percentage Rate
2007-06-18 02:29:00 The annual percentage rate, or APR, is a measure used to determine the true cost of a loan. Instead of a bank or lender telling that your rate is 6.5% with fees of $8,000, they’ll just say the annual percentage rate is 6.87% with those fees included. Read more… ... More About: Rate , Annual
Special session on property taxes has ended
2007-06-15 10:35:00 The state House and Senate have passed bills designed to lower property taxes statewide. The action came during the special session on property taxes, which ended after just three days. Lawmakers passed two bills that would lower property taxes by more than $30 billion over five years. Read more… ... More About: Taxes , Property , Special , Prop , Pert
Mortgage Rates for Jun 14
2007-06-15 10:16:00 Rates on 30-year mortgages rose for a fifth straight week, hitting the highest level in 11 months as prospects dimmed further for possible rate cuts from the Federal Reserve. Mort gage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.74 percent this week. That was up from 6.53 percent last week and marked the biggest ... More About: Gage , Rates , Rate
Mortgage rates rise for a fourth straight week
2007-06-09 15:01:00 Rates on 30-year mortgages rose for a fourth straight week, hitting the highest level in 10 months, as bond markets responded to strong employment growth. Mortgage giant Freddie Mac today reported that 30-year, fixed-rate mortgages averaged 6.53 percent this week. That was up sharply from 6.42 percent last week and represented the highest point for 30-year ... More About: Week , Stra , Rise , Gage
Interest Rate Watch
2007-06-09 14:50:00 Rate Watch is a unique service that I provide for my clients as well as others who want their mortgage to be professionally managed. More About: Interest , Rate , Interest Rate , Eres
Interest Rate Watch
2007-06-09 14:50:00 Rate Watch is a unique service that I provide for my clients as well as others who want their mortgage to be professionally managed. I will mail the report to you on a monthly basis, thereby, ensuring that you are receiving the lowest rate possible along with the best loan program that meets both your ... More About: Interest , Rate , Interest Rate , Eres
Interest Rate Watch
2007-06-09 14:50:00 Rate Watch is a unique service that I provide for my clients as well as others who want their mortgage to be professionally managed. I will mail the report to you on a monthly basis, thereby, ensuring that you are receiving the lowest rate possible along with the best loan program that meets both your ... More About: Interest , Rate , Interest Rate , Eres
Top reasons to refinance your florida mortgage
2007-06-09 01:04:00 Mortgage refinancing can offer you several ways to reduce the burden of debts and bills. Refinancing could lower your monthly home loan payments, while paying off credit card and other debts through refinancing can consolidate your debt into more manageable payments. Mortgage refinancing can also free up cash to afford new financial ventures like buying ... More About: Florida , Mortgage , Reasons , Refinance , Sons
Prequalification Vs Preapproval: What is the difference?
2007-06-08 00:28:00 In the world of real estate transactions, professionals and purchasers sometimes use the words ?prequalification? and ?preapproval? interchangeably. The problem is they mean two totally different things. If you are using the wrong word in place of the correct word, you may find yourself in a very sticky situation. Read more… ... More About: Difference , Ferenc , The D , Qualification , Diff
Foreclosure bargain-hunting
2007-06-07 02:47:00 NEW YORK (CNNMoney.com) — Rising foreclosures will bring misery to many home owners - but bargain prices for some lucky home buyers. Real estate auction house Hudson & Marshall is currently marketing more than 500 foreclosed properties in Michigan alone from May 19 to May 24. The prices will vary widely but, some people will walk away ... More About: Real Estate , Foreclosure , Bargain , Closure , Sure
Foreclosure Forecast to Top 2 Million Homes
2007-06-06 23:50:00 RISMEDIA, June 5, 2007-More than two million homes will be foreclosed in the U.S. in the next two and a half years, accounting for the highest number of foreclosures since the U.S. Savings and Loan Fraud scandal, according to a new forecast by Housing Predictor. Read more… The forecast ... More About: Real Estate , Foreclosure , Homes , Closure , Million
Warning Signs of a Bad Mortgage
2007-06-06 00:18:00 If you’re in the market for a new home loan or refinancing, be careful. Most lenders are good, reputable people who would not intentionally force you into a bad program. Some, however, would. Even a particular loan, with great features, may not necessarily be the best choice for your individual needs. It’s up to you ... More About: Mortgage Fraud , Mortgage , Signs , Warning Signs , Warning
How Should I Rent or Buy
2007-06-06 00:12:00 The purchase and ownership of a home is still ?The American Dream?. But as the average American family changes residence an average of once every five to seven years, an interesting and very important question arises which begs to be addressed. That question is ?Should I buy, or should I continue to rent?? Read more… ... More About: Rent
States say Fed should address mortgage payments
2007-06-05 03:26:00 By John Poirier COEUR D’ALENE, Idaho (Reuters) - As regulators in Washington hammer out a final directive on how the mortgage industry should provide hybrid products, state regulators say the regulation must also address the ability of borrowers to repay loans on their homes. Read more… An increase in delinquencies ... More About: Mortgage , States , Gage , Stat , Address
Jackson urges reforms to help subprime borrowers
2007-06-05 03:20:00 WASHINGTON (MarketWatch) — The Federal Housing Administration can now help “tens of thousands” of borrowers of subprime-mortgage loans, and potentially more, if Congress passes a law reforming the agency, the secretary of Housing and Urban Development said Monday. Read more… In remarks prepared for a speech at the ... More About: Jackson , Forms , Form , Subprime , Borrow
Real estate agency?s abrupt closure stuns agents
2007-02-23 20:11:10 PORT RICHEY - Re/Max Advantage Realty, once a dominant real estate agency in Pasco County, abruptly shut down Tuesday. Nearly 25 affected agents did not learn of the decision until Tuesday morning. At least some of them were notified by e-mail from a representative of company owner Donald J. Hachenberger. The rest of the story More About: Agent , Estate , Real Estate , Agency , Agents
First Time Home Buyer Information
2007-02-23 02:09:02 Perhaps the greatest obstacle for many first time home buyers is not raising the down payment or qualifying for the loan but a lack of understanding of the whole mortgage process. Flexible lending terms and a multitude of mortgage products have never been more readily available. We take you through the process of buying a home and offer the following tips… (more…) More About: Information , Time , Home , Info , Buyer
Thinking About Buying your First Home
2007-02-22 14:08:05 If you’re a renter and thinking about purchasing a home, there are several things to be considered: How long do you plan on living in the home? If you purchase a home and then get a job transfer or decide to move after only a short time, you may end up paying money in order to sell it. The value of your home may not have appreciated enough to cover the costs that you paid to buy the home and the costs that it would take you to sell your home. (more…) More About: Buying , Home , Your , About , Think
Foreclosures Remained High in January
2007-02-21 14:07:03 The pace of pending foreclosures remained high in January with more than 103,000 foreclosure notices filed, adding to the nearly one million filings reported during 2006. According to data released today by Foreclosure S.com, nearly every region in the U.S. is facing the prospect of increasing foreclosures, but no region has been more impacted than the Southwest. Just one month into the first quarter of 2007, already 50,404 foreclosure filings have been reported in the Southwest ? more than half the 94,631 filings for the region during the entire first quarter of 2006. The rest of the story More About: Foreclosures , Main , High
Understanding your credit report
2007-02-21 14:07:03 Credit is the single most important factor when it comes to getting a good rate on any type of loan, especially a mortgage, and can determine whether you?ll get one at all! If you?re credit score is too low, or you have very little established credit, there?s a good chance you?ll have trouble finding a lender or bank to offer you a mortgage. This may sound scary, but credit is an easy thing to keep track of and to subsequently improve. It just takes a little bit of work and responsibility. A FICO score is another way of saying your credit score, a scoring system which was developed bv Fair Isaac & Co. in the 1950s. It looks at a variety of different factors and comes up with scores between 300 - 850, with the highest score being the best. Three bureaus then report the scores, all a bit differently, and the middle score is used as your average, and determining score. (more…) More About: Credit , Report , Port , Your , Edit
Interest Rates Will Remain Stable
2007-02-21 14:07:03 Ben Bernake, Federal Reserve Chairman, testified today that the economy is doing well with inflationary pressures in check. This has been taken by Wall Street that interest rates will remain stable or go lower. Obviously, this will impact the housing market. Many have been sitting on the sidelines waiting for the combination of lower interest rates and pricing to stabilize. Additionally, those that have been in Adjustable Rate Mortgages will breathe a big sigh of relief as they will not be facing additional increases in their loans, and may be in a better position to trade their ARMs for a Fixed Rate Mortgage. More About: Interest Rates , Inter , Main , Tabl , Will
For Sale By Owner Safety Guide
2007-02-21 14:07:03 Sellers need to keep their safety in mind when prospecting potential buyers. The real estate industry has seen a problematic climb in assaults towards Realtors, and so is the concern for those who are selling their own homes. Here are just seven ways designed specifically to protect you, your family, and your home, from being victimized: (more…) More About: Safety , For Sale , Sale , Guide , Owner
Gang Member Leads Mortgage Fraud Ring
2007-02-21 14:07:03 Mortgage fraud used to be a small time white collar crime. However, with lenient sentences and much less risk than other forms of illegal money making schemes, the gangs and organized criminals have moved in. And why not, you can go to jail for 20 years for extortion or dealing drugs, but mortgage fraud will get you only 3?5 years in the pokey. (more…) More About: Fraud , Mortgage Fraud , Leads , Mortgage , Gang
Which Loan is Best for me?
More articles from this author:2007-02-21 14:07:03 As the competition in the lucrative mortgage market increases lenders are offering more niche market products, which target transactions outside the norm, to gain an edge on their competitors. This influx of specialized products creates wider loan availability to borrowers than ever before; increasing the possibility to each individual borrower that a product exists that really serves their needs perfectly. Obviously, these products present a a benefit to borrowers when applied to the proper situation. However, this same range of products that bring benefits to clients can also make a consumer?s head spin. Without careful consideration and good guidance a borrower could end up with a loan that simply does not suit their needs. With the dizzying array of loans available to choose from consumers are faced with a difficult choice when selecting which mortgage loan is right for them. A bad choice made on the loan program can cost a borrower immensely. What’s worse, is that the pro... More About: Loan , Best 1, 2, 3 |
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