mortgage advice: Secure Your Home Loan: Do's and Don'ts
- 02/23/24 05:47 AM
During the home loan process, avoiding any actions that could negatively impact your loan pre-approval status is crucial. Lenders prioritize stability and consistency in your financial situation, and it's your responsibility to maintain this from the moment you receive pre-approval until the loan closes. Follow these tips and you'll be on your way to a new home loan: Top Tips For Home Loan Borrowers Today Please remember to "like" the post and the video on YouTube too! Thank you. 🏡  Link to all homes for sale in Tallahassee 📺 Subscribe To The Joe Manausa Real Estate Channel and Get More Housing Market Reports, Listings, Real … (1 comments)
mortgage advice: Is The New 40-Year Mortgage Right For You?
- 11/23/21 07:42 AM
Should you get a 40-year mortgage? If you do, you're going to regret it (say some talking heads on YouTube). Â The fact is, the 40-year mortgage is absolutely perfect for a segment of today's homebuyers (and refinancers), but it absolutely makes no sense for others. Before you decide upon a specific mortgage amortization on a home loan, take a look at this quick case study that compares a 15-year loan with a 30-year loan and a 40-year amortized loan. You'll be glad that you did! How To Evaluate The 40 Year MortgagePlease remember to "like" the post and the video on YouTube too! … (5 comments)
mortgage advice: How To Be A Cash Buyer (Even When You're Broke)
- 02/08/16 08:40 PM
Everybody knows that "cash is king" and that cash buyers have an edge in the real estate market. If you are planning on buying a house in Tallahassee in the coming months and you know you'll need to borrow money, does this mean you have to be at a disadvantage to the fortunate buyers who are currently paying cash? Well, not if you know how to be a cash buyer with little or no money of your own! Why Cash Is King In Real EstateThey say that cash is king in real estate, but have you ever wondered why? In order to understand this phenomenon, where … (14 comments)
mortgage advice: Will The Mortgage Industry Save Us (and Themselves)?
- 08/09/10 03:21 AM
Every day it becomes more and more clear that the housing market will not be able to recover without a transitional plan from the home mortgage industry. All of those dollars spent to stimulate the market will go to waste if we do not fix the underlying problem that has halted demand for residential real estate. Just a reminder: The latest edition of our free newsletter was published and emailed today. If you would like to be on the mailing list for the next publication, just follow this link for the Tallahassee Real Estate Newsletter. On April 30th of this … (0 comments)
mortgage advice: Are REALTORS Just Crying Wolf?
- 06/02/10 01:28 AM
A favorite one of Aesop’s many fables is about a boy who cried wolf one too many times. I think this fable is well suited to teach those of us in real estate a very important lesson about how we report information and what we advise people to do. Aesop wrote: A shepherd-boy, who watched a flock of sheep near a village, brought out the villagers three or four times by crying out, “Wolf! Wolf!” and when his neighbors came to help him, laughed at them for their pains. The Wolf, however, did truly come at last. The Shepherd-boy, now … (12 comments)
mortgage advice: Why Real Estate Finance Is Your Business
- 01/12/10 11:41 PM
Anybody who has been in or near the real estate market over the past ten years can attest to the fact that the money markets have been crazy. Crazy good for most of the time, but now we’re well into a cycle where money supply will be tight, and lending standards will be much tougher. People relatively new to the real estate industry will see this as new and different, while those of us who have been around a while will tell you that we are just dusting off old skills and techniques that we haven’t had to use since … (2 comments)
mortgage advice: FHFA Says Keep Loan Limits Same
- 11/22/09 10:51 PM
 The Federal Housing Finance Agency (FHFA) last week announced that the maximum conforming loan limits for mortgages originated in 2010 will remain unchanged from the list provided in 2009. The maximum loan limits for Tallahassee and all other areas in the United States can by found in a download-able format in the right sidebar of the Tallahassee Real Estate Blog, or by clicking this link to the list of FNMA loan limits by county. So why does it matter what the FHFA says about loan limits? Because the Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 12 … (2 comments)
Many home owners are stuck with a home that they cannot (or will not) sell in today’s market of falling home prices. They are looking for creative solutions and we have written many articles in the past about creative solutions to today’s real estate problems. Today’s home selling solution is a bit “out there” because it won’t be for everybody and it is restricted to people who have a fairly healthy stock portfolio. But even if these constraints don’t fit your problem, this will still be a healthy read because the same creative process might help you find a … (6 comments)
mortgage advice: Mortgage Advice For First Time Homebuyers
- 10/12/09 11:35 PM
 A recent Wall Street Journal article about the first-time homebuyer tax credit cautions buyers under contract to wait until after closing before purchasing appliances, furniture or similar items on credit. The article notes that some mortgage lenders are running credit reports on closing day, and even an additional credit inquiry (let alone a purchase) may raise a red flag that could require additional documentation and potentially delay closing. At Century 21 First Realty, we know how important the mortgage process is for more than 80% of our customers, so we thought we would share some insights regarding how lenders view … (6 comments)
During the home loan process, avoiding any actions that could negatively impact your loan pre-approval status is crucial. Lenders prioritize stability and consistency in your financial situation, and it's your responsibility to maintain this from the moment you receive pre-approval until the loan closes. Follow these tips and you'll be on your way to a new home loan:
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