mortgage tallahassee: How To Determine The Right Loan When Buying A Home
- 03/20/14 11:47 PM
With mortgage interest rates so low, many of the people buying a home in Tallahassee are wondering whether they should go with a 15 year mortgage or the more traditional 30 year fixed rate mortgage loan. The answer to the question will be unique to each person, but I have put together a methodology that will help you work through the problem yourself. It might seem a little complicated for people who haven’t amortized a few thousand mortgage loans before, but hang in there, I think the logic will shine through. 15 Year Fixed Rate Mortgage + Low Interest Rate - One of the lowest … (0 comments)
mortgage tallahassee: Why The Debt Relief Act Needs To Be Extended Into 2014 And Beyond
- 12/10/13 07:34 PM
I am not sure why, but there isn't much talk yet about extending the Debt Relief Act into 2014. Before you (yawn) and figure this topic doesn't impact you, you might want to reconsider your position. In fact, this issue will have a significant impact on home values for the next five to ten years, so you might want to take the time to speak your mind. The Debt Relief Act Extension And Debt Cancellation Only our government could create a program with this long of a name, but in its defense, the Mortgage Forgiveness Debt Relief Act has been … (2 comments)
mortgage tallahassee: Why You Don't Need To Get A Loan Before Looking At Properties To Buy
- 10/17/13 11:44 PM
One bit of advice I would give anybody looking to buy a home is to either pull together all the cash that you need or get loan approval before you find the home that you want to buy. Ironically, most people have it happen the other way around. If buyer's understood how they could save thousands of dollars or more when buying a home using the right sequence of events, then I bet more would get a loan approval first, then start searching for the home of their dreams. Why You Don't Need To Get A Loan First The only type of homebuyer that … (2 comments)
mortgage tallahassee: Where Most Buyers Go For The Money To Purchase A Home
- 10/14/13 07:27 PM
If you plan on purchasing a home sometime soon, you might be curious about how you are going to pay for a home. There are plenty of options for those with great credit and cash reserves, but the options are limited if your finances are limited. Before you run off to some online loan-promising-website, you might want to bone-up on the facts so that you are not easily misdirected. The Money Needed For Purchasing A Home In order to get a feel for what others have been doing, I pulled up all home sales in the Tallahassee MLS for the past 10+ … (0 comments)
mortgage tallahassee: Last Window Of Opportunity To Use Short Sale Debt Forgiveness Relief
- 10/01/12 11:19 PM
If you have been thinking about taking advantage of the short sale debt forgiveness, you had better act fast. There are only 90 days until the Mortgage Forgiveness Debt Relief Act and Debt Cancellation of 2007 expires (12/31/2012), then this short sale debt forgiveness write-off potentially goes away forever. Short Sale Debt Forgiveness Savings Could Be Large Long-time reader "Steve" wrote in the other day asking: Not sure what tax year this will take effect, but if the tax cut isn’t extended for Fiscal year 2013, then everyone on the fence about whether to do a short sale needs to strongly … (4 comments)
With mortgage interest rates so low, many of the people buying a home in Tallahassee are wondering whether they should go with a 15 year mortgage or the more traditional 30 year fixed rate mortgage loan.
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