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Kamala Harris’ $25k first-time buyer program: Will move drive down house prices?
The plan is proving popular on both sides – but what does it mean for the US real estate market? This month, Democratic presidential nominee Vice President…
Read MoreNON-ARMS LENGTH INCOME CHANGES
By Nathan Young , founder and president of North Star Mortgage Network, Inc. , an independent mortgage brokerage in Jacksonville, Florida.
Read MoreUnlocking Tax Benefits and Implications of Home Ownership
Beyond the pride of owning a home, there are significant financial benefits that come with it, especially during tax season.
Read MoreHow the Fed Affects Mortgage Rates (What It Means in Jacksonville)
Short answer No. The Fed sets a short-term rate. Fixed mortgage rates follow the 10-year Treasury and mortgage bond markets, so they can move before, after, or even against a Fed decision. Call or text 904-880-6741 Ask about your actual file — no SSN, no credit pull. Every time the Federal Reserve meets, my phone…
Read MoreReverse Mortgage Jacksonville: Straight Answers, No Hype
Reverse mortgage Jacksonville guide: you keep the title, heirs keep leftover equity, and the cases where it is the wrong answer.
Read MoreNo Ratio DSCR Loan
A DSCR loan refers to a loan where the lender evaluates the borrower’s ability to repay based on the Debt Service Coverage Ratio (DSCR).
Read MoreHow much will a $600,000 mortgage cost monthly after rates are cut?
The housing market landscape has been challenging for buyers to navigate over the past few years.
Read MoreWhat Is a Hard Money Loan?
What Is a Hard Money Loan? Hard money loans are short-term secured loans that use the property you’re purchasing as collateral.
Read MoreCREDIT CARDS FOR CLOSING COSTS
When you know you are going to be tight on cash to close one of the tricks of the trade you can use on conventional loans is putting upfront costs on a credit…
Read MoreNAR SETTLEMENT BUYER AGENT COMMISSION FAQ
Short answer Since the NAR settlement, buyer agent commission is negotiated directly between the buyer and their agent rather than being assumed from the listing. It can often still be paid by the seller as a concession — but it has to be written into the contract, and concession limits vary by loan program. Call…
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