martin county: Helping Florida's Military Heroes
- 03/24/15 11:13 PM
Did you know that Florida Housing offers a program entitled "Military Heroes?" Well they do, and guess what? the rate is lower than the rest of their programs Most Housing Authorities offer programs exclusively for first time home buyers, but when it comes to our Veterans, that condition is waived. Veterans also have access to the Housing Authorities down payment, and closing cost assistance programs The programs offer down payment and closing costs assistance, and there are two basic options; First, a $10,000 true second mortgage, at 0% interest, non amortizing (no payments), deferred. deferred usually until the property is sold … (2 comments)
martin county: Afordable Housing (in Florida) really
- 03/18/15 03:13 AM
I've seen sooooo many presentations, by all kinds of lenders offering what they consider "affordable housing" programs, or programs for first time home buyers. I must say most of these lender, and the presentations leave me... Unfufilled, empty maybe crying out for more sometimes they put me to sleep (sorry, or not) So, you think you're different Jay Well yes I do Here's why we offer Florida Assist a (deferred) 10,000 2nd mortgage at 0% with no monthly payments for first time homebuyers Military Hereos a similar program for Veterans who need not be first time homebuyers MCC, a federal Tax credit … (0 comments)
Okay so let's try the obvious someone who has not previously owned a home? yes, that is correct
anyone else?
just like in many industries, out there in mortgage land we often have our own terms & definitions. So, we need to include, in the first time home buyer category
someone who has not owned a home for the previous 3 years
I'm kidding, right? No. I'm … (0 comments)
martin county: They're rockin at USDA....cha, cha, cha changes
- 08/05/14 09:35 PM
To all of you out there who have and do use USDA financing for your clients, and to all who should consider it, to quote Bob Dylan the times they are a changin and you best pay attention the first and biggest change is with the property eligibility maps applications received beginning October 1, 2014 will be subject to the new eligibility maps and that's not received by your lender, but rather received at USDA http://eligibility.sc.egov.usda.gov. should get you there if not google...USDA eligibility if that doesn't work and you're anywhere in Florida, just call Jay (that's me-239-745-5646) and I'll check … (5 comments)
martin county: let it rain
- 08/04/14 10:20 AM
i've been away from the Rain for awhile. It seemed to me that since I had moved to the treasure coast from over on the Gulf, Ft. Myers, and Cape Coral more specifically, that Active Rain wasn't as active. At least that's what I lead myself to believe. I've been a Rainer for, I don't know for sure, 6 years 7 years, but today i went to only my 2nd meetup, hosted by Mr. Tolbert, Kevin to most, I believe. The atmosphere was very positive, and it made me remember that Active Rain has been very good to, and for me. I … (44 comments)
martin county: BEWARE of that screwball mortgage math
- 08/03/14 09:51 PM
sometimes I just look at what I'm doing, shake my head, and say God help us. the new or most recent mortgage math says that we can allow a buyer, including a first time homebuyer, to use up to 50% or more of their "gross" income towards their PITI and toal monthly debt. does this seem a bit insane to you? do you know anyone who gets to use/spend their "gross" income. me neither so when I'm doing the buyer this favor, I need to stop and wonder am I really helping them or am I doing them a disfavor. Let … (2 comments)
martin county: just some thoughts about (911)
- 09/11/13 02:35 AM
i used to think of 911 as an emergency phone call. I don't even know if that is still the case, is it? Jay's date of birth
9-11-1952
hmmm I can remember where I was on my 49th birthday, also what I was doing. In the same breathe a friend was asking me what I was going to do to celebrate my birthday and that he had just heard on the radio that a plane or planes had crashed into buildings in New York I didn't want to believe him. I figured he'd gotten it wrong.
On my … (6 comments)
martin county: Interest Rates 101...what do you think?
- 07/03/13 12:20 AM
Here's a general premise that is usually a decent guide in most cases Positive economic activity is not good for interest rates if you want them to stay put, or you want them to go down in most cases a strong or improving economy will not get you there. Sometimes we have outside activities which have the desired influence regardless of the strength or lack thereof of economic activity. for example; if the FED puts $85 billion a month into the bond market to keep rates down that's probably going to have it's desired effect. BUT, when the market gets … (2 comments)
martin county: is USDA/Rural Housing the better buy (than FHA)???
- 06/27/13 07:41 AM
Okay let's get it out on the table. USDA/Rural Housing isn't (just) about rural housing. Although it might be sometimes. Rural Housing loans are available wherever the USDA feels they should be. So check out their site and look at one of the maps and/or punch in an address and see where you can use the program. Now is it possible that USDA might just be a better buy than good olde traditional FHA? Tell me now have you given this any thought? In FHA's favor there's no limitation as to where you may buy a home, while with USDA there … (3 comments)
Did you know that Florida Housing offers a program entitled "Military Heroes?"
;)
;)
;)
