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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
Renters left hanging after foreclosures
2007-11-02 01:22:00 Several months ago, Eugene Wright found a foreclosure notice posted on the door of the three-bedroom South San Jose house he and his family had been renting since January. He called his landlord, who told him not to be concerned. It wasn't until a real estate agent showed up in July to tell him that ... More About: Foreclosures , Left
Florida's Money Pit
2007-09-24 23:03:00 The Bradenton Herald reports from Florida. «Jo Lynne Navarro wants her $270,000 back. That's how much the Sarasota County woman paid to reserve two Bel Mare at Riviera Dunes condominium units two-and-a-half years ago. The units existed only in glossy sales brochures at the time, but Navarro - like many others ... More About: Money
Tern Bay victim of the current housing market in Southwest Florida
2007-09-10 10:44:00 A few golfers had parked Friday near the almost-deserted Tern Bay course, where Tom Cavanaugh of Sarasota-based Double Bogey Transport loaded up golf carts that were headed for Cart Guys in Punta Gorda. More About: Market , Current , Florida , Housing , Southwest
Florida Home-Equity Loans Part 2
2007-08-30 00:39:00 A Flor ida home-equity loan can be a good tool for savvy homeowners looking for a convenient way to borrow money. Many home-equity loans offer an attractive interest rate (compared to those offered by credit cards and other types of loans), and borrowers can deduct the interest when they file taxes. But not all home-equity loans are alike. Getting a loan that offers competitive rates, fees and terms takes a little extra effort. Here are a few items to keep in mind when you start shopping for a Florida home-equity loan. More About: Loans , Home , Part
What’s on Your Credit Report and Why You Should Care
2007-08-24 02:37:00 What's on The Report and Why Should I Care ? An in-depth look at a credit report provided by Equifax provides a good overview of the type of information that can be obtained from any of the major credit reporting bureaus. The Equifax report is divided into seven sections. More About: Credit , Credit report
Avoiding Florida Foreclosure Scams
2007-08-23 10:46:00 The ugly threat of foreclosure lurks in the minds of many homeowners. Sometimes unanticipated financial troubles, like losing a job, high medical bills, divorce or a death in the family can affect a homeowner's ability to make his or her mortgage payments. Fore closure occurs when you fall behind in your mortgage payments, thus authorizing your lender to repossess your property. More About: Florida , Scams , Flor
Auctions are on the rise nationwide
2007-08-22 02:44:00 Bonnie Whittemore’s two-bedroom, two-bath Bonita Springs condo sat on the market for 18 months with no takers. So she turned to an unconventional, sure-fire way to drum up interest in her property — an auction. It worked. Her condo sold in six weeks. Auctions are on the rise nationwide, according to a study commissioned by the National ... More About: Rise
Option One Mortgage will no longer provide mortgages to buy Florida condos
2007-08-19 15:31:00 Option One's move comes as the once-hot market for condominiums in Flor ida has become glutted with thousands of unsold units, threatening the prospects of developers like WCI Communities that are under pressure to round up scarce buyers. Compounding the problems for mortgage lenders, investors are refusing to fund loans they think look risky, producing a credit crunch that has roiled the housing market and forced dozens of lenders out of business. More About: Mortgage , Mortgages , Ovid
Florida Home Equity Loan Part 1
2007-08-14 10:57:00 Fixed-rate home-equity loans can help cover the cost of a single, large purchase, such a new roof on your home or an unexpected medical bill. And the HELOC provides a convenient way to cover short-term, recurring costs, such as the quarterly tuition for a four-year degree at a college. More About: Home , Loan , Home Equity Loan , Florida , Part
Florida Home Inspections
2007-08-09 11:58:00 Whether you’re purchasing an older home or new construction, I always highly recommend to buyers I work with that they invest in a professional home inspection. If you’re buying a home in Flor ida and are in need of locating a Florida home inspector, here are a couple of resources that may help in your decision making process More About: Home , Inspect
Mortgage Rates for Aug 3
2007-08-04 11:53:00 Mortgage rates fell, but not as much as Treasury yields fell, and in that lies a tale. The average 30-year fixed rate fell 4 basis points, to 6.71 percent. A basis point is one-hundredth of a percentage point. The average 15-year fixed, which is a popular option for refinancing, fell ... More About: Mortgage , Rates , Rate , Mort
Florida Mortgage: How Much Can You Afford?
2007-07-31 10:41:00 Regardless of where you live, how much you earn or what type of house you are shopping for, as soon as you find out how much the seller is asking, your first reaction might be something like, “Wow! That’s expensive!” Your initial assessment is correct. With prices rising quickly, particularly in areas like New ... More About: Florida , Mortgage , Flor , Mort
Understanding the Mortgage Payment Structure
2007-07-26 10:46:00 In simplest terms, a mortgage is a long-term loan designed to help the borrower purchase a house. In addition to repaying the principal, the borrower is obligated to make interest payments to the lender, and the home and the land around it serve as collateral. But if you are looking to purchase a house, ... More About: Mortgage , Payment , Understand , Structure , Standing
Understanding the Mortgage Payment Structure
2007-07-26 10:46:00 In simplest terms, a mortgage is a long-term loan designed to help the borrower purchase a house. In addition to repaying the principal, the borrower is obligated to make interest payments to the lender, and the home and the land around it serve as collateral. But if you are looking to purchase a house, ... More About: Mortgage , Payment , Understand , Structure , Standing
Many borrowers choose long-term, fixed-rate loans
2007-07-25 10:18:00 Picking between fixed- and adjustable-rate mortgages is one of the biggest decisions borrowers make, and many consumer advocates welcome the shift. More About: Loans , Long , Choose , Borrow , Rate
Many borrowers choose long-term, fixed-rate loans
2007-07-25 10:18:00 Picking between fixed- and adjustable-rate mortgages is one of the biggest decisions borrowers make, and many consumer advocates welcome the shift. More About: Loans , Long , Choose , Borrow , Rate
Townhomes 50% OFF ?
2007-07-23 15:21:00 If you are serious about getting the house you want, get Pre-approved NOW! Look at these prices The smallest townhome (two-bedrooms, 2.5 baths, two-car garage, 1,395 square feet under air) had an original base price of $238,400 plus location premium and upgrades. These sold from a low of $137,500 to a high of $156,750 ... More About: Townhomes
Townhomes 50% OFF ?
2007-07-23 15:21:00 If you are serious about getting the house you want, get Pre-approved NOW! Look at these prices The smallest townhome (two-bedrooms, 2.5 baths, two-car garage, 1,395 square feet under air) had an original base price of $238,400 plus location premium and upgrades. These sold from a low of $137,500 to a high of $156,750 ... More About: Townhomes
Web bugs
2007-07-22 16:51:00 What they are A web bug is a hidden graphic on a Web page. Usually, they are used to log various data about the visitors of the page. Like cookies, they can be used to track your movements throughout the Web, but they are harder to spot. Technically, ad banners which are plainly visible could ... More About: Bugs
Web bugs
2007-07-22 16:51:00 What they are A web bug is a hidden graphic on a Web page. Usually, they are used to log various data about the visitors of the page. Like cookies, they can be used to track your movements throughout the Web, but they are harder to spot. Technically, ad banners which are plainly visible could ... More About: Bugs
Renters Paradise
2007-07-17 12:26:00 Lee County’s burgeoning skyscraper condominium market is a renter’s paradise — but a landlord’s hell. Experts say as increasing numbers of condo units pour into an already overflowing supply of residential real estate, renters can almost name their price for even the costliest luxury units. Jim Simon, for example, recently moved into a condo in the ... More About: Paradise , Paradis
Renters Paradise
2007-07-17 12:26:00 Lee County’s burgeoning skyscraper condominium market is a renter’s paradise — but a landlord’s hell. Experts say as increasing numbers of condo units pour into an already overflowing supply of residential real estate, renters can almost name their price for even the costliest luxury units. Jim Simon, for example, recently moved into a condo in the ... More About: Paradise , Paradis
Buyers feel sting of adjustable-rate mortgages
2007-07-11 12:27:00 As rates, monthly payments jump, homeowners must make aggressive cuts in expenses to keep up When Enej Dreca took out an adjustable-rate subprime mortgage in 2005, he knew the interest rate was likely to rise in two years. But he wasn’t prepared for how high it would go. His initial 8 percent rate would have soared to ... More About: Mortgages , Sting , Buyers , Feel , Adjust
Buyers feel sting of adjustable-rate mortgages
2007-07-11 12:27:00 As rates, monthly payments jump, homeowners must make aggressive cuts in expenses to keep up When Enej Dreca took out an adjustable-rate subprime mortgage in 2005, he knew the interest rate was likely to rise in two years. But he wasn’t prepared for how high it would go. His initial 8 percent rate would have soared to ... More About: Mortgages , Sting , Buyers , Feel , Adjust
Posing as rescuers, companies prey on struggling homeowners
2007-07-06 00:17:00 The schemes take various forms and often involve promises to distressed homeowners of cash up front, free monthly rent and a chance to retain their houses in the long run. But in the process, someone else takes over the deed, borrows as much as possible against the value of the house and pockets the cash. And, almost always, the homeowners still end up losing their homes. More About: Companies , Compa , Posi , Owners , Homeowners
Posing as rescuers, companies prey on struggling homeowners
2007-07-06 00:17:00 The schemes take various forms and often involve promises to distressed homeowners of cash up front, free monthly rent and a chance to retain their houses in the long run. But in the process, someone else takes over the deed, borrows as much as possible against the value of the house and pockets the cash. And, almost always, the homeowners still end up losing their homes. More About: Companies , Compa , Posi , Owners , Homeowners
Florida housing market still troubled
2007-07-05 12:18:00 Central Flor ida ’s most troubled real estate: low-end condos. Where are values level? Established neighborhoods. What prices are rising? Lakefront property. That is a synopsis of what lies behind the property-tax rolls appraisers reported to the state by Monday. Overall the news for Central Florida underscored a trend that began in about 2005, when high insurance and ... More About: Market , Housing , Troubled
Florida housing market still troubled
2007-07-05 12:18:00 Central Flor ida ’s most troubled real estate: low-end condos. Where are values level? Established neighborhoods. What prices are rising? Lakefront property. That is a synopsis of what lies behind the property-tax rolls appraisers reported to the state by Monday. Overall the news for Central Florida underscored a trend that began in about 2005, when high insurance and ... More About: Market , Housing , Troubled
Mortgage Rates Jun 29
2007-07-01 19:38:00 The good news is mortgage rates fell for the second week in a row. The bad news is they’re still almost half a percentage point higher than they were three months ago. The benchmark 30-year fixed-rate mortgage fell 2 basis points, to 6.74 percent, according to the Bankrate national survey of large lenders. A basis ... More About: Mortgage , Rates , Rate , Mort
South Florida home sales still sluggish
More articles from this author:2007-06-27 10:33:00 Sales of existing homes remained sluggish in May, according to numbers released Monday by the Florida Association of Realtors. The number of condominiums sold in May was off 46 percent in Miami-Dade when compared to the same period a year ago. In Broward, condo sales for the month were down 29 percent. The story was largely ... More About: Sales , Home , South , South Florida 1, 2, 3 |
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