Home Report
Your home is a huge investment, and you should have a central place to review appreciation levels and local market activity and to ask questions about refinancing, savings and more. Click the link to enroll in the free monthly Home Report email. Let’s stay on top of your investment together. Each Home Report delivers: Home Stats:…
Read MoreWhat is the Florida Bond Program?
The Florida Bond Program, officially known as the Florida Housing Bond Program, is a state-run initiative designed to help low- and moderate-income homebuyers with financial assistance for purchasing a home. Through this program, the Florida Housing Finance Corporation (FHFC) provides access to fixed-rate mortgages, down payment, and closing cost assistance for qualified buyers. Here’s a…
Read MoreTOP 10 REASONS LOANS ARE DENIED
LOW CREDIT SCORE – Before you pull credit, ask them what they believe their score is. If they say a low number, ask them why. They may give you the immediate answer right away. HIGH DTI – Not only ask about the tradelines on their credit. Make sure you add are there any recurring debts on the…
Read MoreSeasoning Policy for Bankruptcies, Foreclosures, and Short Sales
Can I get a mortgage without a credit score?
Yes, it’s possible to get a mortgage without a credit score, though it may require a bit more documentation and a different approach. Here are some of the options: Manual Underwriting: Lenders may offer manual underwriting, where they assess your financial history and ability to repay by reviewing alternative documents, such as proof of on-time…
Read MoreUsing Alimony, Child Support, or Separate Maintenance for Income When Getting a Mortgage
Document that alimony, child support, or separate ma intenance will cont inue to be paid for at least thre e years after the date of the mortgage application, as verified by one of the following: A copy of a divorce decree or separation agreement (if the divorce is not final) that indicates the monthly payment…
Read MoreHow Much Do Buyers Need to Afford the Typical Starter Home?
According to a new Redfin analysis, Americans must make $76,995 annually to afford the median priced starter home ($250,000), a 0.4% decrease from the previous year. Since August 2020, when mortgage rates were getting close to a record low, that is the first annual drop. Although the cost of a starter house has increased by 4.2%…
Read MoreWhy mortgage rates are back up to nearly 7%
‘Recent volatility may persist as the market adjusts to each new piece of economic data,’ Realtor.com’s Hannah Jones says Bad news for home buyers: Mortgage rates are surging again as the financial markets weigh incoming economic data showing strength in the U.S. economy, as well as the possible outcome of the upcoming presidential election, experts…
Read MoreShould I Wait to Purchase a Home Until After the Election?
With every election cycle, potential home buyers often face the question: should I wait to purchase a home until after the election? The uncertainty and economic changes that accompany elections can make this a challenging decision. This blog explores the potential impacts of election outcomes on the housing market and offers practical advice on making…
Read MoreAre real estate investment opportunities growing as rates fall?
Investor optimism has remained undimmed despite market volatility, says executive. 2024 may have been marked by turbulence in the housing and mortgage markets, but that’s done little to dim the appetite of investors eyeing up opportunity in real estate, according to a top lending professional. Nate Zielinski (pictured), senior partnerships coordinator at RCN Capital, told Mortgage Professional…
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