| |
winter haven home loans: Cover Your Winter Haven FHA Mortgage Downpayment with a Loan from Your Family - 05/10/09 11:36 PM
One of the things holding most Winter Havenfirst-time home buyers back from purchasing a home is the 3.5% downpayment requirement for FHA mortgages. Add closing costs to this total and many would be first-time home buyers - despite having jobs that can maintain monthly mortgage payments - simply can't swing getting into a home at all.
With DPAs now a thing of the past, another source of downpayment funds for first time home buyers a home is a LOAN from an immediate family member. Although it cannot be a requirement of the loan, qualified first time home buyers can borrow the … (0 comments)
|
winter haven home loans: Winter Haven, Florida: Fannie Mae Rolls Back its 4 Financed Property Limit - 02/17/09 11:53 AM
Monday was a great day for me, namely - because I was able to share some good news with a client who was looking to refinance several rental properties here in Winter Haven, Florida but was unable due to Fannie Mae's previous 4 investment property limit. This all changed last Friday, however -as Fannie Mae announced that effective March 1, 2009, real estate investors can once again own and finance up to 10 individual properties. The restriction reversal does come with new minimum requirements, however - which may still keep a good number of investors on the sidelines for now. Homeowners … (0 comments)
|
winter haven home loans: Stimulus Package Gives Winter Haven Home Buyers and Homeowners a Boost - 02/17/09 11:45 AM
Now that Congress has come to an agreement on the $789 billion stimulus package , and President Obama is set to sign in into law - current Winter Haven, Florida home buyers and homeowners should pay special attention to what the new law has in store.
The package contains two benefits related to housing.
The first provision represents a small bump to a familiar program. It gives first-time home buyers an $8,000 tax credit as long as they purchase a home between January 1, 2009 and August 31, 2009.
Note: This is a true tax credit.
However, to limit abuse and misuse, … (0 comments)
|
winter haven home loans: 2009 Winter haven Home Sellers Should Root for the Cardinals in Super Bowl 43 - 01/31/09 01:22 PM
NFL Fans have no problem honoring the storied history of Pittsburgh's Iron Curtain. Few teams have matched their success, and the team's 5 total Super Bowl wins have put rings on some of the games most famous personalities.
However, for those of you who may be a bit superstitious... you know - who may have a certain jersey you wear each Sunday that only gets washed come February? ... you'd best hope that the Steelers don't make Sunday No. 6!
At least not if you're in the market to sell your Winter Haven home!
See,in 4 of the 5 years the … (3 comments)
|
winter haven home loans: Winter Haven Mortgage Rates Climb Higher - Is China to Blame? - 01/28/09 10:10 AM
Weak economic data and less than stellar corporate earnings sent mortgage markets on a downward turn last week. As such, rates rose a second week and are now a bit higher than they were at their average low point seen three weeks ago.
What many of you might not know, is that the most important news affecting mortgage rates was not necessarily the most well-reported news (I know you are shocked to hear this). Perhaps the best example of this was Treasury Secretary “in waiting” Tim Geithner’s statement that China may be manipulating its currency. Why should we care about … (1 comments)
|
winter haven home loans: Winter Haven, FL: Your Chances for 2 Florida FHA Home Loans at Once Look Sweet! - 01/22/09 10:14 AM
One common misconception out there about FHA loans is that you can only have one at a time. Although it is most common for folks to have only one FHA loan, there are cases where Winter Haven, Florida home buyers might in fact qualify to purchase two homes using FHA financing.
If you live here in the Winter Haven area and are considering a second home purchase, contact me so we can determine whether you might qualify for a second FHA loan.
In the meantime, if you're in the market for a second FHA home loan, here are some basic parameters … (1 comments)
|
winter haven home loans: Winter Haven, FL: Some Common FHA Loan Myths... Busted! - 01/22/09 10:04 AM
With the increasing popularity of FHA loan programs here in Winter Haven, I'm amazed at how many "myths" that seem to be floating around. Folks are obviously starting to do their homework, which is great! However, I figured I'd point my local Winter Haven home buyers and potential refinance clients in the right direction on a few key points:
FHA program and many FHA myths still abound. Here are a few points of clarification... MYTH: It's harder to qualify FHA.
False: Qualifying is far easier with FHA! Just a few of the benefits here include:
Credit scores in the … (0 comments)
|
winter haven home loans: Winter Haven, FL: 5 FHA Secrets You Need to Know - 01/22/09 10:02 AM
In my continued efforts to clear up some of the mystery that still seems to surround FHA lending here in Winter Haven, Florida - I've pulled together 5 "Quick Hit" FHA secrets you should keep handy as you do your home loan homework!
When using a non-occupant co-borrower, such as parents, the occupant borrower is not required to have any income or assets of his/her own 2- to 4-unit owner-occupied properties are eligible for 97% financing at the same interest rate as 1-unit homes Mom and Dad can lend, not gift, some or all of the money for closing, and put … (0 comments)
|
winter haven home loans: H.R. 600: Are Seller-Funded Downpayment Assistance Programs Back in Play? - 01/18/09 08:36 PM
Not yet. But... things may change!
Rep. Al Green [D-TX] introduced H.R. 600, to revise and reinstateseller-financed downpayments for mortgages for single-family housing insured by the Secretary of Housing and Urban Development under title II of the National Housing Act.
Track the progress of this bill via RSS feed from GovTrack.us or visit the site periodically to stay informed. I'll also be posting updates here.
Note: This bill is in the first step in the legislative process. Introduced bills and resolutions first go to committees that deliberate, investigate, and revise them before they go to general debate. The majority of … (6 comments)
|
winter haven home loans: Mortgage Rates are Lower, but Fees Are Up - 01/18/09 08:11 PM
Well, folks... we've seen yet another week of the headlines squawking about plummeting mortgage rates here in Winter Haven, Florida and across the nation.
Eyes bulged and exclamations roared as the papers let fly with Freddie Mac's recently published mortgage rate resting at a very alluring 4.96 percent, the lowest since the survey started in 1971! (Cue the Awhooooogahhhh Horn!)
Ah, but wait. There's more....
You see, if we but take a moment to curb our enthusiasm and peer behind the proverbial Winter Haven home loan rate curtain, we find that there's another part of the story worth watching. Mortgage rates … (2 comments)
|
winter haven home loans: 3 Things You Need to Know About Inbound Marketing - 01/18/09 07:22 PM
If you've been following this blog with any regularity, you know that I am an avid promoter of all things social media and networking.
I'm a fan because it works.
Since I embarked on a full fledged social media barrage via this blog, my Florida Home Loans Specialist website, my work on the FHA Mortgage Blog, and a burgeoning effort over at my Wanna Networks managed Central Florida Homes and Loan Report blog, a new and amazing world has opened up to me.
Potential clients and Realtor partners are calling me! I don't close every client deal or create winning … (10 comments)
|
winter haven home loans: How to Lower Your 5.5 Percent Mortgage Rate to a 3.96 Percent Rate - 01/18/09 07:16 PM
Well, we're off to a pretty good start for the 2009 year here in Winter Haven, as calls have been coming in for refinancing and a few home purchases. W2s are starting to come in as well, with tax time coming up faster than I'd like to admit. Luckily, as a homeowner, I have the interest I paid on my home to help alleviate any sting that might await me when I hit that final button in Turbo Tax. I love mortgage interest for just that reason. I'm also a fan of real estate taxes for their tax reduction properties.
… (0 comments)
|
|
|
|
|
|
Kevin Sandridge - Winter Haven Mortgage Broker
Winter Haven,
FL
More about me…
Signature Home Funding
Address: Winter Haven, FL, 33884
Office Phone: (863) 604-3019
Email Me
 Links
Archives
|
;)
;)
