Marco Island Real Estate
If you’re a first-time homebuyer you might have noticed mortgage rates expressed a couple of different ways in the charts when you google for current rates. You may have seen it expressed a number of ways including APR and Interest Rate. So, what’s the difference and which one should you go by? What Is The […]
Freddie Mac announced recently that rates on a 30-year fixed mortgage rose to 4.72 percent. Plus, rates are going to continue to rise. They’ve already risen over 3/4 of a percent higher than they were at the start of 2018. You might be hoping that prices on homes will drop and planning to make your […]
Do you know the options and specifics for Florida first time home buyer incentives? There are plenty of programs available to help you get into a new home thanks to Florida Housing. Florida First The Florida First program offers a low 30-year fixed-rate first mortgage to qualified borrowers. That automatically makes the buyer qualified for […]
Do you know the options for Florida down payment assistance programs that can help Florida home buyers? There are plenty of programs available to help you get into a new home thanks to Florida Housing. Florida Housing’s FTHB Program program can be accessed only through participating lenders in Florida. From the Florida Housing website, select First […]
Some lenders are already looking at applicants FICO Score 9 credit scores. There are some major differences between this new system for determining a credit score and the FICO 8. So, how will this affect you if you go to buy a home and the lender uses FICO Score 9? Well, to start, most lenders […]
You want to buy a new home but aren’t sure if you can afford it. Use this financial checklist as a guide before you attempt to take the plunge. Consider Your Budget Can you afford to buy a home? All of your necessary purchases, including mortgage, utilities, groceries, car payments, insurance premiums, and gasoline should […]
Whether you’ve just finished school or are about to start a family, investing in a home can be one of the biggest financial decisions of your life. But as you’ll soon discover, there are a number of considerations you’ll need to make. It can be difficult to know whether to get a short-term or long-term mortgage, or how long of an amortization period you’ll need.
Are you considering buying a home for the first time? It might come as a surprise that you’ll want to have approximately 20% of the purchase price of your home for a down payment. For some, it can seem nearly impossible to come up with the funds. Fortunately, there are a few ways that you can save a little over time and not have to borrow from the “Bank of Mom and Dad”.
It may feel like a daunting task to consider buying a home after you’ve declared bankruptcy, and there’s no doubt that it’s an uphill battle. Fortunately, while you’ll have hard work ahead, there are things you can do in order to make your dream of home ownership a possibility. Whether you’ve just declared bankruptcy or some time has passed, here are some things you should consider before getting into the market.
From ‘down payment’ to ‘adjustable rate’ to ‘debt-to-income’ ratio, there are so many terms involved in the mortgage process that it can be hard to learn them all and keep them straight. If you’re currently considering the period of loan you should choose, here are some things to think about before taking on a term.
