florida: Why do Mortgage Rates go up when Fed cuts the Rate? - 06/06/08 07:07 AM

When Fed cuts the rates my office is swamped with borrowers who are calling to see if they can get a better rate.  Many of them are surprised that Mortgage Rates went up instead of down.  Luckily, I always lock rates as soon as I can. To me as a mortgage professional, predicting the direction of the rates is not a game. Most mortgage professionals are not bond analysts. More importantly, I've been in the business long enough to see rates go up 6 times in 1 day by a total of 1.5%. 
                                        Let me shed some light … (2 comments)

florida: It is now easy being "Green" !!!! - 06/04/08 03:28 AM
I've been in the business for a while and I have never seen the product so wonderful. After visiting all the models I was truly impressed with the quality of the construction, amount of the upgrades, beautiful landscape( featuring unique sprinkle system), and the overall supreme structure. I loved it so much that I am planning to build one of the homes on my own lot.
What impressed me the most? Utility Bill - with the gas and water prices going steadily up you will appreciate a bill that is less than a half of the regular amount for … (0 comments)

florida: Some Credit card Rules - 05/30/08 05:21 AM
   Credit Card Guidelines
Limit yourself to 1 or 2 credit cards. A Visa or MasterCard covers most purchases. Shop around for low-fee or no-fee bankcards.  Record your charges in a memo book so you don't lose track of your spending. Put a limit on your spending-don't let the credit card companies set it for you.                        Spend no more than 20% of your monthly take-home pay on consumer debt. This includes car loans and credit cards, but excludes rent or mortgage payment. If you are heavily in debt from credit cards, you may need to develop a repayment plan … (1 comments)

florida: Confused about Mortgage Insurance? - 05/29/08 04:50 PM
  I want to help you compare borrower-paid mortgage insurance (BPMI) and lender paid mortgage insurance (LPMI) because soon you may be faced with choosing between them.

 Your choice could depend on several factors. The key questions to ask yourself are...
•    How long do I expect to remain in this house and this loan?                         
•    What kind of appreciation can I expect?
Give me a call at 386-627-1348 so we can determine the best type of mortgage insurance for you.
Click here for your FREE information.
There is no cost or obligation to have a mortgage consultation. … (0 comments)

florida: A Little Quiz for You? - 05/28/08 09:01 AM

 Here's a matching exercise to help you learn some mortgage terms:              

A.     Right of ownership and possession of a property.
B.     Document that transfers the title from the seller to the buyer.
C.     Fees charged at beginning of home-buying process, such as appraisal of the property.
D.     Money paid by buyer to seller at time an offer to purchase the home is presented.
E.     Professional estimate of what a home is worth, based on style, appearance, construction quality,              improvements, usefulness, and comparable value of nearby properties. 
F.     Principal, interest, taxes, and insurance-the 4 main parts … (1 comments)

florida: Should you refinance now? - 05/22/08 06:25 PM
From my experience, most people refinance their current mortgage to save money or to get out of adjustable-rate mortgages into a fixed rate. Refinancing is like making an investment. You need to balance the cost of refinancing with the amount of interest you save over time. The savings are really your return on investment from refinancing. 
With zero point and no-cost refinance programs, the cost of refinancing can be eliminated as a consideration. However, the trade-off with most of these creative finance programs is paying a somewhat higher interest rate.
When your primary motive is to save money by refinancing or … (3 comments)




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