Gainesville, Florida's top plumber is Plumbing Now!! - 07/31/09 05:05 PM

Gainesville, Florida's top plumber is Plumbing Now!!
I recently needed a plumber to handle a plumbing emergency in the Gainesville, FL area, and called Plumbing Now - I was thouroughly impressed with the experience.
The name Plumbing Now describes their service perfectly. Their friendly office manager was a delight to work with & answered all my inital questions while scheduling the service call. They lived up to their name, Plumbing NOW, & sent a plumber out within minutes, not days.
The plumber that came out, Jake was extremely knowledgable, and fixed numerous other issues while he was there. Their prices were extremely reasonable & their professionalism far surpassed … (2 comments)

THIS IMPACT'S YOU!!! In-Depth information on the Mortgage Disclosure Improvement Act of 2008 - MDIA - 07/30/09 12:03 PM
In-Depth information on the Mortgage Disclosure Improvement Act of 2008 - MDIA
 This is a lot of reading, but it's all important information!!

Well, the government's done it again! They're trying to streamline & improve mortgage disclosure for borrower's and in the process they've made life a lot more difficult for everyone (Think HVCC).
The federal government has recently issued final guidelines & enacted MDIA which regulates how & when mortgage brokers & lender disclose the APR on a loan. In theory, it is a good thing to require brokers to properly and accurately disclose, however as usual, they've taken this … (3 comments)

Record month for FHA loans - 07/27/09 06:11 PM
More FHA loans were originated in June than ever before.
FHA guaranteed almost 186,000 mortgages in June, a monthly record for the agency in its 75-year history. The total number of FHA loans originated last month surpasses the previous record of 157,000 set last October. Having never crossed the $40 billion threshold in a month’s span, the mortgage association issued $43.5 billion in mortgage-backed securities in June.
Currently nearly 36% of all mortgage applications are FHA loans and are guaranteed by Ginnie Mae, a government backed agency.
With conventional loans becoming ever more difficult to obtain (They now require a 720 … (2 comments)

THE MARKET VALUE OF YOUR HOME IS DETERMINED IN SEVERAL WAYS: - 07/21/09 05:18 PM

Via Ralph Gorgoglione (EcoBroker Certified - John Aaroe Group, Inc.):
The market value of your home is not:
• What you have in it
• What you need out of it
• What it is appraised for
• What you heard your neighbor’s house sold for
• What the tax office says it is worth
• What it is insured for
• Based on memories and treasures
• Based on prices of home where you are moving
The true market value of your home is….what a Buyer is willing to pay for the property TODAY:
• Based on today’s … (2 comments)

Interest Rates Are Coming Back Down - 07/20/09 04:56 PM
Mortgage rates fell to the lowest level since May as home-loan refinances surged. Rates had reached record lows of 4.5% for a 30yr fixed rate loan in April until the end of May where they spiked over 1½% in two days time.
Since then they've slowly edged back down - Today the average 30-year rate fell to 5.14 percent, down from 5.20 percent. The 15-year rate was 4.63 percent.
Some more technical data:     - Overall home loan applications rose 4.3 percent this week:            * Purchase applications fell 9.4 percent             * Refinance applications rose 18 percent     - The global mortgage crisis has cost the world's financial firms almost $1.5 trillion in losses so far.     - … (5 comments)

Don’t Wait-Only 138 Days to Claim Your Share of the Tax Credit - 07/16/09 05:05 PM

Via Cindy Jones-Northern Virginia Real Estate & Military Relocation Services (RE/MAX Allegiance #1 RE/MAX Company in the World):
The rush is on.  The deadline for purchasing a home using the $8000 tax credit is November 30, 2009.   You might be surprised to find out how quickly the remaining days left to take advantage of the "free" money from the government will click away.
Let's take a look at how you might use up your time remaining.Before you even head out the door to look at houses you need to have made contact with a lender and start the pre-approval process.  The further … (4 comments)

Home Sales Are UP Across Florida - 07/15/09 10:30 AM
Below are May's Florida home sales numbers. You can see that sales are up pretty significantly over 2008's numbers.
This is due to the large number of bank owned & foreclosure/pre-foreclosure properties out there - Investors & homebuyers looking for a good deal are snatching the properties up.
I've had numerous situations in the last 4-6 weeks where a buyer was looking for a house in the $125,000-$175,000 price range. After putting offers on 5-10 properties over the course of a month they got beat out of every one of them, many times the home selling for tens of thousands of dollars above the … (9 comments)

Ever feel like giving up??? - 07/02/09 04:16 PM


 
Ask yourself if you would have continued fighting if faced by the following set of circumstances. For someone to meet such obstacles & continue on is amazing:
 
·     1832 Failed in business- Bankruptcy
·     1832 Defeated for Legislature
·     1834 Failed in business- Bankruptcy
·     1834 Defeated for U.S. Congress
·     1835 Fiancée died
·     1836 Nervous breakdown
·     1836 Defeated in election
·     1848 Defeated for U.S. Congress
·     1855 Defeated for U.S Senate
·     1856 Defeated for Vice President
·     1860 Elected President of the United States of America
  Abraham Lincoln
 
How's your day going??
… (6 comments)

Fourth of July Event - Fireworks Over Lake City - North FLorida's Best Fireworks Display - 07/02/09 10:07 AM
Everyone be sure to come down to beautiful Lake DeSoto for the July Fourth celebration in Lake City, FL on Saturday.

The night is going to kick off at 6 PM with live music, great food, and lots of friends & family!
Bring your lawn chairs or blankets and gather around the lake's edge for this magnificent display.
The kids are sure the enjoy the evening as well with free balloons & lots of hot dogs, barbecue, & ice cream for everyone!
The fireworks display is scheduled to begin at 9:15 & is sure to be North Central Florida’s best and brightest yet. There … (0 comments)

 
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Dan Magstadt

Lake City, FL

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CrossCountry Mortgage

Address: 496 SW Ring Court, Lake City, FL, 32025

Office Phone: (800) 669-6734

Cell Phone: (386) 365-7161

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Mortgage blog written by Dan Magstadt to help give some insight into the mortgage market as well as let everyone know what's going on at Meridian Financial & my personal life!
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