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mortgage: Florida housing - new Bond Issue changes - 04/12/12 10:01 AM
Big News about Florida Housing’s Upcoming Changes for the new Bond Issue!
In the next 2 to 3 weeks when Florida Housing funds the new Bond Issue, there will be new guideline changes:
· 640 credit score required
· Co signers are NOT allowed
· Borrower must invest $1k into the transaction AND it has to be the borrowers own funds that have been seasoned for 60 days (we will need the last 2 months bank statements showing they are the borrowers own funds). They cannot be gift funds!
Mortgage Rates for 04/11/2012 (all rates are quoted with 30 day lock in periods and no points)
Conventional 30 year: … (0 comments)
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mortgage: Thinking of a Short Sale? Read about some of the benefits and challenges, then let Team Carlos take care of you! - 03/08/12 09:23 AM
Before the housing meltdown, the term "short sale" was hardly part of the residential real estate vernacular. But now that about 11 million homeowners owe more than their homes are worth, millions of whom are headed toward foreclosure, the sales method has emerged as an alternative to foreclosure. For homeowners teetering on the brink of losing their homes, short sales may be their ticket to a fresh start.A short sale is a real estate transaction in which a lender approves the sale of a home knowing that it will not pay off the borrower's loan -- hence, the sale comes up "short." For … (2 comments)
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mortgage: NAR: Pending real estate sales jump in January - 02/28/12 08:41 AM
More homes went under contract in January compared to December and a year ago, according to an index released today from the National Association of Realtors that tracks pending sales of existing U.S. homes.
NAR's Pending Home Sales Index, which is based on purchase contracts signed but not yet closed, rose 8 percent from January 2011 and 2 percent from a downwardly revised 95.1 percent in December, to 97. According to revised figures, that's the highest index score since April 2010, just before the deadline for a federal homebuyer tax credit program, when the index was at 111.3.
Lawrence Yun, NAR's chief … (1 comments)
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mortgage: Should you walk away from your home? Strategic Defaulting - 02/09/12 11:44 AM
So many Americans are facing the hardship of being unable to pay their mortgage. Would it ever be smart to simply stop paying it? Strategic Default is a tough decision. Here are some great tips I came across to keep in mind:
1. Look to it as a last resort, not a first option. Your financial troubles could be alleviated with a simple refinancing, especially since 30-year mortgage rates are near record lows of below 4 percent. If the banks are hesitant to rework your loan, look into the number of government programs designed to keep you in your home, which can … (0 comments)
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mortgage: What Happens When You Walk Away From Your Home? - 01/31/12 12:20 PM
By Chris Taylor | Reuters
It was just last summer that Charlotte Perkins made the hardest decision of her life as she and her husband Jim were caught in the vise of the housing bust.Wanting to downsize their lives as they headed toward retirement, they bought a new house inMesa, Arizona, before they sold the old one, also in Mesa. Their previous home had been appraised at nearly $400,000 at the height of the market, but as the housing crisis ravaged Arizona, they were told they'd be lucky to get $200,000 for it.They were carrying a loan of $260,000 on their original home alone, meaning they … (1 comments)
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mortgage: Mortgage rates continue as record low rates! - 01/19/12 07:21 AM
Freddie Mac recently released the results of its Primary Mortgage Market Survey®, showing mortgage rates easing to new all-time record lows for all products covered in the survey helping to keep homebuyer affordability high. The average for the 30-year fixed mortgage rate has been below 4.00 percent for six consecutive weeks.
The survey concluded that the 30-year fixed-rate mortgage averaged 3.89 percent, with an average 0.7 point for the week ending January 12, 2012, down from last week when it averaged 3.91 percent. Last year at this time, the 30-year FRM averaged 4.71 percent.
The 15-year FRM this week averaged 3.16 percent with … (2 comments)
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mortgage: Fannie Mae Extends Mortgage Relief for Unemployed Borrowers - 01/17/12 12:41 PM
Fannie Mae issued new guidelines to its servicers Wednesday, introducing an unemployment forbearance program which provides servicers the flexibility to assist borrowers who have a financial hardship due to job loss, including those facing imminent default.
With unemployment forbearance, the servicer reduces or suspends monthly payments for a specified period for a borrower who is unemployed.
With the new guidelines, the servicer can approve an unemployment forbearance term of six months without obtaining Fannie Mae’s approval, provided that all borrower eligibility requirements are met.
If during the final month of the initial unemployment forbearance period, the borrower remains unemployed, the servicer must determine … (0 comments)
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mortgage: Affordable townhome for sale near FSU and FAMU! 2111 S Meridian St in Tallahassee, FL. - 01/12/12 04:03 PM
2111 S Meridian StTallahassee, FL 32301
2/1.5 Townhome with completely separate 1/1 with complete Kitchen. Almost 2300 square feet! Great location, close to Universities and near the historic district. Newer A/C and water heater. Great fenced in back yard.
To view all of our listings, please check out our website!
… (0 comments)
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mortgage: Mortgage rates start year near historic lows - 01/05/12 11:36 AM
Thursday, January 5th, 2012, 9:05 am
The nation's average mortgage interest rates are starting 2012 near all-time historic lows amid signs of improvement in the housing market and manufacturing industry.
The Freddie Mac mortgage market survey showed the 30-year, fixed-rate mortgage averaged 3.91% for the week ending Thursday, down from the prior week's average of 3.95%. Last year at this time, the 30-year FRM averaged 4.77%.
This week's 15-year FRM, a popular refinancing choice, averaged 3.23%, down from last week when it averaged 3.24%. A year ago, the average rate for a 15-year FRM was 4.13%.
Five-year, Treasury-indexed hybrid adjustable-rate mortgages averaged … (0 comments)
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mortgage: Mortgage rates a record low! - 12/23/11 12:42 PM
http://www.dsnews.com/articles/mortgage-rates-how-low-can-they-go-2011-12-22
This is wonderful news and I'm hoping in 2012 we can help so many people buy a home and take advantage of the amazingly low rate. With the prices of homes low and the mortgage rates low, now is definitely the time to buy! I hope all of you have a wonderful holiday and best of luck to you in the year 2012! May all of your dreams and goals be met.
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mortgage: Team Carlos New Listing! 10359 Roger Hamlin - 12/20/11 02:21 PM
Adorable 3/2 mobile home on an acre of land! Large walk in closet in Master, Master Bath has a garden tub. Kitchen has an island, 8X10 storage shed in the spacious backyard. Perfect for the first time home buyer or someone who enjoys quiet living!
http://teamcarlos.kwrealty.com/
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mortgage: New Listing - 2882 Royal Palm Way - Video! - 12/14/11 11:25 AM
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mortgage: Team Carlos New Listing! 2882 Royal Palm Way (Sawgrass Plantation) - 12/13/11 12:27 PM
Happy Tuesday everyone! I hope you have a fantastic week and are almost ready for the Holidays!
Team Carlos has a new listing located at 2882 Royal Palm Way in Tallahassee, Florida! This beautiful home is located in the cute neighborhood, Sawgrass Plantation.
This is a one story townhome with three bedrooms, two bathrooms, and a one car garage. It features tile floors, an open floor plan with an exterior wooded view (not looking at the building next door), large wood deck overlooking large backyard. The home is clean as a whistle. One car garage has pull down stair to attic … (0 comments)
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mortgage: New Listing - 2633 Fenwood Ct - Video! - 12/06/11 03:53 PM
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mortgage: Team Carlos New Listing! 2633 Fenwood Ct - 12/06/11 03:27 PM
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mortgage: Team Carlos New Listing! 12524 Holey Rd - 11/30/11 04:08 PM
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mortgage: New Listing - 7502 Refuge Rd - Video! - 11/09/11 02:11 PM
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mortgage: New Listing - 1702 Ferndale Place - Video! - 11/08/11 02:19 PM
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mortgage: Team Carlos New Listing! 1702 Ferndale - 11/08/11 02:00 PM
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mortgage: 6 must-haves for mortgage approval! - 11/08/11 01:19 PM
Very informative and helpful article!
http://www.inman.com/buyers-sellers/columnists/dianhymer/6-must-haves-mortgage-approval
… (2 comments)
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Mike Carlos Tallahassee FL Realtor
Tallahassee,
FL
More about me…
Keller Williams Town & Country Realty
Address: 1520 Killearn Center Blvd, Tallahassee, FL, 32309
Office Phone: (850) 583-1919
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