2/1 IN hIALEAH - 01/30/08 11:07 PM
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Property for sale in HIALEA - 01/30/08 11:01 PM
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Fed Expected to Cut a Key Interest Rate for a Fifth Time.1/30/2008 - 01/30/08 09:39 AM
Federal Reserve Chairman Ben Bernanke and his colleagues held an emergency videoconference call on Jan. 21 after a turbulent day on world markets when investors grew increasingly worried about what a recession in the United States
Some believe the Fed will settle into a series of quarter-point moves,other are waiting for 1/2 … (0 comments)
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Amendment 1 PASS by a 64-to-36 - 01/30/08 09:30 AM
Florida voters gave themselves a tax cut Tuesday, deciding that about $240 in property-tax relief is better than none in a campaign season cloaked in economic woe. Voters approved Amendment 1 by a 64-to-36 margin, with the most expensive real-estate region in the state, South Florida, giving it resounding approvalwww.17threalty.comBetty Gaercia786 … (0 comments)
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Why You Need a Home Inspection - 01/29/08 11:47 AM
Why You Need a Home Inspection
Buying a home is one of the most important purchases you will make in your lifetime, so you should be sure that the home you want to buy is in good condition. A home inspection is an evaluation of a home's condition by a trained expert. … (0 comments)
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Points - 01/29/08 11:44 AM
Points
Points are fees paid to the lender or broker for the loan and are often linked
to the interest rate; usually the more points you pay, the lower the rate.
• Check your local newspaper for information about rates and points
currently being offered.
• Ask for points to be quoted to you as a … (0 comments)
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Down Payments and Private Mortgage Insurance - 01/29/08 11:39 AM
Down Payments and Private Mortgage Insurance
Some lenders require 20 percent of the home's purchase price as a down
payment. However, many lenders now offer loans that require less than 20
percent down-sometimes as little as 5 percent on conventional loans. If a
20 percent down payment is not made, lenders usually require the
home buyer … (0 comments)
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A builder is offering to pay my closing costs or give me an upgrade package only if I agree to use his mortgage company. Is this legal under RESPA? - 01/29/08 11:30 AM
A builder is offering to pay my closing costs or give me an upgrade package only if I agree to use his mortgage company. Is this legal under RESPA?
Answer: Yes. While a builder cannot require you to use a mortgage company with whom he is affiliated, a builder is allowed … (0 comments)
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Choice of Title Insurer. - 01/29/08 11:01 AM
Choice of Title Insurer. Under RESPA, the seller may not require you, as a condition of the sale, to purchase title insurance from any particular title company. Generally, your lender will require title insurance from a company that is acceptable to it. In most cases you can shop for and choose … (0 comments)
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Pre-approval & pre-qualification - 01/27/08 01:43 AM
pre-approval A loosely used term which is generally taken to mean that a borrower has completed a loan application and provided debt, income, and savings documentation which an underwriter has reviewed and approved. A pre-approval is usually done at a certain loan amount and making assumptions about what the interest rate … (0 comments)
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mortgage insurance (MI) - 01/27/08 01:39 AM
mortgage insurance (MI) Insurance that covers the lender against some of the losses incurred as a result of a default on a home loan. Often mistakenly referred to as PMI, which is actually the name of one of the larger mortgage insurers. Mortgage insurance is usually required in one form or … (0 comments)
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Eminent Domain - 01/25/08 12:03 PM
Eminent Domain
The right of local or state government to purchase private property for public use. Owners receive compensation based on fair market value and sometimes additional funds for the inconvenience of moving. This is legal under the Fifth Amendment of the United States Constitution. Reasons for eminent domain can include … (0 comments)
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Que es un short sale? - 01/24/08 09:59 AM
Que es un short sale?
En al gunos momentos en que existe dificultad financiera algunos de los duenos de propiedad se encuentran con la dificultad de que su propiedad vale menos de lo que deben por ella.Esto es una gran oportunidad para los compradores.
La compania de Mortgage, lender o entidad financiera con … (0 comments)
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Capital gain in real estate - 01/15/08 08:08 AM
When you sell a stock, you owe taxes on your gain-the difference between what you paid for the stock and what you sold it for. The same is true with selling a home (or a second home), but there are some special considerations.
How to Calculate Gain
In real estate, capital gains … (0 comments)
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The Lockbox - 01/15/08 07:55 AM
If you are selling your home, you should not be present when an agent brings a potential buyer to view the property. Successful marketing means that buyers need to be able to imagine the house as their future home. Nothing puts a damper on that more than having the current owners … (0 comments)
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Why the MLS works for home buyers? - 01/15/08 07:51 AM
Why the MLS works for home buyers?
You will have access to all the properties available for sale plus price pictures and more detail about the property
Save driving time.
It is extremely convenient, does not cost a penny to buyers, plus you get a qualified and experienced guide to help you through the … (0 comments)
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Why the MLS works for home sellers? - 01/15/08 07:45 AM
The whole MLS idea is a boon to sellers because of "supply and demand."
How can you, as a seller, get access to the largest number of buyers? Placing an ad in a newspaper? Or putting your home information into a computer accessible by every MLS member who will show your … (0 comments)
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sample of the HUD-1 form to help you to understand the settlement transaction - 01/14/08 07:25 PM
you can use this section as a guide, noting on it the possible services required by various lenders and the different fees quoted by service providers. Settlement costs can increase the cost of your loan, so compare carefully. 700. Sales/Broker's Commission: This is the total dollar amount of the real estate … (0 comments)
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Ten Important Questions to Ask Your Home Inspector - 01/14/08 07:19 PM
1. What does your inspection cover? The inspector should ensure that their inspection and inspection report will meet all applicable requirements in your state if applicable and will comply with a well-recognized standard of practice and code of ethics. You should be able to request and see a copy of these items … (0 comments)
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Are you ready to buy a home? : - 01/14/08 03:13 PM
Are you ready to buy a home? :Do I have a steady source of verifiable income? Have I been employed on a regular basis for the last 2-3 years? Is my current income reliable? Do I have a good record of paying my bills? Do I have few outstanding long-term debts, … (0 comments)
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Interview with Real Estate Brokers - 01/13/08 06:21 PM
so your friend just introduced you to her friend Irving, a real estate agent, and now you can't get rid of him, right? Wrong! Choosing the right person to sell your home is one of the most important steps of selling. Therefore, choose wisely. At a minimum, speak with 2 or 3 … (0 comments)
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How do I figure how much money the lender is allowed to require in my escrow account? - 01/13/08 05:48 PM
How do I figure how much money the lender is allowed to require in my escrow account? Please use the following steps and example to help you estimate the amount of money you may be required to put into your own escrow account, either a new or existing account, under aggregate … (0 comments)
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Tiltle insurance and survey - 01/13/08 05:38 PM
Title insurance is usually required by the lender to protect the lender against loss resulting from claims by others against your new home. In some states, attorneys offer title insurance as part of their services in examining title and providing a title opinion. The attorney's fee may include the title insurance … (1 comments)
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Shopping for a Loan - 01/11/08 08:41 PM
Your choice of lender and type of loan will influence not only your settlement costs, but also the monthly cost of your mortgage loan. There are many types of lenders and types of loans you can choose. You may be familiar with banks, savings associations, mortgage companies and credit unions, many … (0 comments)
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Home Improvements for Seniors - 01/11/08 08:33 PM
According to an AARP survey (May, 2000), the overwhelming majority of mid-life and older Americans want to remain living independently in their own homes and communities for as long as possible. The new survey found that seven in ten of those who are able to make changes to their homes have … (0 comments)
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Get more traffic to my website - 01/11/08 08:18 PM
Give visitors the information they're looking for
Provide high-quality content on your pages, especially your homepage.This is the single most important thing to do. If your pages contain useful information, their content will attract many visitors and entice webmasters to link to your site. In creating a helpful, information-rich site, write pages … (0 comments)
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Mortgages Glossary of Terms and Definitions - 01/11/08 11:30 AM
A
Amenity: a feature of the home or property that serves as a benefit to the buyer but that is not necessary to its use; may be natural (like location, Woods, water) or man-made (like a swimming pool or garden).
Amortization: repayment of a mortgage loan through monthly installments of principal and interest; … (0 comments)
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Interested in a Reverse Mortgage ? - 01/11/08 11:18 AM
Reverse Mortgages are becoming popular in America. The U.S. Department of Housing and Urban Development (HUD) created one of the first. HUD's Reverse Mortgage is a federally-insured private loan, and it's a safe plan that can give older Americans greater financial security. Many seniors use it to supplement social security, meet … (0 comments)
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Who may be eligible for an FHA refund or share? - 01/11/08 10:43 AM
Who may be eligible for an FHA refund or share?
Premium Refund: You may be eligible for a refund of a portion of the insurance premium if you:
acquired your loan after September 1, 1983
paid an up-front mortgage insurance premium at closing and
did not default on your mortgage payments.
Review your settlement … (0 comments)
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Five Tips for Tenants - 01/11/08 10:35 AM
1. Bring your paperwork. The best way to win over a prospective landlord is to be prepared. To get a competitive edge over other applicants, bring the following when you meet the landlord: a completed rental application; written references from landlords, employers, and colleagues; and a current copy of your credit … (0 comments)
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Cuanto tiempo la informacion negativa permanece en mi credito - 01/10/08 08:45 PM
Las 3 compañias de reporte de credito: Equifax, Experian y Transunion mantinen la informacion almacenada de los acreedores y los documentos publicos incluyendo bancarrota y reposecion etc.E n la mayoria de los casos los pagos tardes y todo otro tipo de informacion negativa permanece en el reporte de credito por aproximadamente … (0 comments)
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How long does information remain on the credit report? - 01/10/08 12:41 PM
How long does information remain on the credit reportEquifax, Experian and transunion stores information from credit grantors and public records, including bankruptcies, judgments and liens. Missed payments and most public record items remain on the credit report for seven years, with the exception of Chapter 7, 11 and 12 bankruptcies, which remain … (0 comments)
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What should I do if I find an error in my credit report? - 01/10/08 12:35 PM
First, get a copy of your report and review it carefully. If you find an error, you may dispute it online. You can also call the telephone number on your credit report for assistance if you feel any information is inaccurate or incomplete. Please be specific by including the account number … (0 comments)
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Reparar su credito.Hagalo usted mismo - 01/06/08 06:58 PM
Segun el Federal Trade Commission (FTC)
Usted ve los anuncios en los periódicos, en televisión y en Internet y también los escucha en la radio y recibe panfletos por correo. Así mismo puede que reciba llamadas de vendedores de telemercadeo ofreciendo servicios de reparación de crédito todos prometen areglar su credito
Una buena … (0 comments)
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Diez consejos para mejorar tu credito - 01/06/08 06:04 PM
No hay soluciones rapidas para mejorar tu credito. Pero puedes incrementar tu puntaje de credito, demostrando tu responsabilidad financiera. Cual quiera de los siguientes consejos te ayudaran a mejorar tu puntaje de credito:1. Pagar tus deudas a tiempo.Esta es la mejor forma de mejorar tu credito, nunca es demacioado tarde para … (0 comments)
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Applying for your FHA loan - 01/03/08 01:58 AM
Applying for your FHA loan
The process is pretty much the same as your original mortgage. After selecting a lender, you'll meet with a loan officer at a convenient place like your current residence or your real estate agent's office. The loan officer will help you complete a refinance application and … (0 comments)
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Short Sales - 01/03/08 01:31 AM
A real estate agent can help you negotiate with Your Mortgage Lender to Work out favorable Short Sales TermsYour mortgage company will consider several factors before approving a short sale. And, ultimately, the decision to approve the sale is completely up to them, so you and your realtor will want to be … (0 comments)
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Hipotecas Invertida (Reverse mortgage) - 01/02/08 10:17 PM
Hipotecas Invertida (Reverse mortgage)¿Que es la hipoteca invertida?Es un programs creado por el Departamento de Vivienda Federal, con el propósito de proveerles un ingreso seguro a las personas de edad avanzada para asegurarles cierta estabilidad económica.Para obtener los beneficios de este programa solo debe cumplir con los requisitos establecidos por el … (0 comments)
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Reverse Mortgages - Cashing In On Home Ownership - 01/02/08 10:12 PM
Reverse Mortgages - Cashing In On Home OwnershipMany consumers age 62 or older are "house-rich and cash-poor" - their mortgages are paid off, but they are living on fixed or limited incomes. A "reverse mortgage" may allow some consumers to take advantage of their home as a valuable asset and convert … (0 comments)
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