Mortgages and Loans

Feb. 3, 2014

6 Prudent ways to lower your monthly mortgage payment without refinancing

mortgage interest ratesThe monthly mortgage payment is undoubtedly a huge responsibility for every individual who has a home loan. Not only do we have to worry about the principal balance but there’s also the interest rate. With alterations in the global economy and mortgage market, the interest rates often fluctuate. Sometimes the ...

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Aug. 7, 2013

3 Things You Should Know About Real Estate Right Now - 8.1.13

1. Mortgage rates are NOT as high as the media is portraying.

With the exception of 2011 & 2012, interest rates are still at historic lows. The average 30 year fixed mortgage rate was 11% in the 1980s, 8% in the 90s, and 6% from 2000-2010.

Current rates are around ...

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June 28, 2013

Mortgage rates are NOT affecting Buyers

home mortgage rates

Rising Interest Rates are Still Historically Very Low

This week, mortgage rates surged to heights we haven't seen in two years. The increases, however, in mortgage rates are not affecting buyers.

According to Patrick Newport, an economist at IHS Global Insight, “we will probably see some impact. … Any time ...

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June 13, 2013

Florida has highest foreclosure rate in May 2013

florida foreclosure rate

Florida Foreclosures are not Slowing Down

Between April and May 2013, Florida moved from second to first for having the highest foreclosure rate in the nation, according to RealtyTrac Inc.

Presently, one in every 302 Florida housing units filed a foreclosure during the month of May. Southwest Florida's Charlotte ...

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June 2, 2013

FHA Loan vs. Conventional

FHA Loans Have Become Costly

There was a time that an FHA loan was most sensible for buyers with a small dofha loan conventional mortgagewn payment; however, after April 1, 2013, that time has passed. The Federal Housing Administration just increased their fees for the third time in two years.

At this ...

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May 11, 2013

Jumbo Mortgages - They’re Back!

jumbo mortgage luxury marketReuters recently reported that jumbo mortgages are back, but they're still below 2007 levels. The revival in the luxury home sales market has been fueled in part by the resurgence in jumbo loans – typically a loan greater than $417,000.

In the wake of the credit crisis of ...

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April 30, 2013

Buy Your Next Home at Costco?

Big box stores not only sell a 2 year supply of toilet paper,costco home mortgage but now THE MORTGAGE TO YOUR NEXT HOME! Major retailers are providing a growing list of financial products aimed to serve a population that relies on alternative services such as non-bank money orders, check cashing, payday loans ...

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