Mortgage Fraud - 01/26/07 02:48 PM
I read a very frightening article today in USA Today about a con artist and how he easy it was for him to steal your house from under you. Nationally, mortgage fraud has spread in the past few years, with losses totaling around $1 billion last year per the FBI. The real estate boom, along with looser lending standards, built an ideal breeding ground for smooth talking con artists to steel your homes. Those that are hurt by fraud are not only lenders, but thousand of homeowners that pay the price of higher interest rates as a result of fraud. Neighborhoods … (3 comments)

This is why we offer Bond Loans - 01/11/07 10:12 AM
Study: Many Can't Afford to Buy HomesForbes (01/11/07)Many of the nation's civil servants cannot afford to purchase homes and some even struggle to pay rent, said the Center for Housing Policy in a study released on Wednesday. The organization calculated that a working family needed to earn nearly $85,000 a year to be eligible to buy a residence worth $248,000--the U.S. median home price during the third quarter--assuming a downpayment of 10 percent and fixed-rate financing over a period of 30 years. The report found that the median salaries of elementary school teachers, police officers, health care professionals and janitors, among … (3 comments)

New FHA Mortgage Loan Limits for Okaloosa/Santa Rosa/Escambia/Bay Counties - 01/09/07 09:14 AM
The new mortgage loan limits set by FHA for following counties are:
Okaloosa
1 Unit $237,405
2 Unit $267,393
3 Unit $324,870
4 Unit $384,936
Santa Rosa
1-$200,160
2-$256,248
3-$309,744
4-$384,936
Walton
1-$362,790
2-$464,449
3-$561,411
4-$697,696
Bay
1-$251,750
2-$283,550
3-$344,500
4-$397,500
To see if your counties limit has increased go to the FHA website.
 
           
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Typical Florida Home Buyer - 01/05/07 10:19 AM
I thought this was some interesting information to share. 
Think you know the typical Florida home buyer or seller? Well, here's a chance to see if you're right. The 2006 Profile of Home Buyers and Sellers Florida Report, now available on floridarealtors.org, finds that the median age of a Florida homebuyer is 46 years; among first-time buyers, it's 34 years. Seventy-one percent of homes purchased were detached single family homes within 18 miles of a previous residence; and the typical price paid, including all forms of housing, was $217,600 for a 1,729-square foot home. The buyers searched for eight weeks and visited … (0 comments)

 

Laura Nelson

Navarre, FL

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Beach Community Mortgage

Address: 9290 Navarre Parkway, Navarre, FL, 32566

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