tampa: Tampa Mortgage Lender Begs..."Please Don't Pass Gas When I am Right Here!"
- 09/06/07 08:20 AM
In my South Tampa home, we have a new rule...no passing gas! The man of the house isn't too happy about it, but it is a must. He says..."it doesn't smell"...but that's the silent but deadly part. There is no smell. Guess what...It's carbon dioxide gas and I don't want it around me or ruining my beautiful environment! Many people believe the things they can't see or smell don't exist. Well, I am here to tell you that carbon dioxide does exist and we need to make a difference to stop global warming. I love our climate in Tampa Florida and I … (29 comments)
tampa: Tampa Mortgage - Road Map for Buying a Home
- 07/18/07 12:49 AM
Tampa homebuyers...ever just think "Ug...the process is too much!" Many home buyers, in Tampa and throughout Florida, like to have a plan when going through the process of qualifying for a mortgage and buying a home. There is so much information available on mortgages, but sometimes it is just too much for a consumer to sort out on their own. When my customer is a first time home buyer, I can anticipate they like to know what to expect from the home buying process. I will never forget one experience I had with a gentleman that was referred to me by a past … (25 comments)
tampa: Mortgage Income Requirements - Alimony and Child Support Income for Qualification
- 06/27/07 01:11 AM
Many individuals, in Tampa Bay and throughout Florida, going through a divorce or seperation find themselves faced with the task of qualifying for a mortgage loan with alimony and/or child support income. In some circumstances, one spouse is to be awarded alimony and/or child support as part of the divorce decree. With this income, they now may need to purchase a home, in Tampa Bay Florida, with their new source of income. When it comes to conventional financing, there are a few basic guidelines to follow to know if you can use your alimony and/or child support income as qualification for a … (33 comments)
tampa: Adjustable Rate Mortgages - The Scary Reality
- 05/15/07 07:14 AM
Did you know there are trillions of dollars in adjustable rate mortgages that are going to adjust this year alone? An even more frightening piece of information is that 1 in 2 homeowners do not know what type of a mortgage they have and worst of all, nearly 2 million homes will go into foreclosure because of these adjustable rates mortgages. There is no doubt, we all know someone who will be affected by an adjustable rate mortgage. The key is protecting those people's homes through education. Homeowners who currently have an adjustable rate mortgage should be making consultation appointments right now … (9 comments)
tampa: Reverse Mortgages: Helping Senior Homeowners Move Forward in Life
- 05/08/07 03:03 AM
TAMPA, FL - Senior homeowners across the nation are now turning to a new source for cash income - their home. From paying for home repairs, home health care or medical expenses to paying off an existing mortgage or credit card debt, Reverse Mortgages are providing the means for seniors to move forward in life. With a Reverse Mortgage, homeowners at least 62 years in age are now able to capitalize on the equity built up in their homes. Unlike traditional home equity loans, a Reverse Mortgage does not have to be repaid until the borrower(s) no longer lives in the home … (9 comments)
tampa: Lender Appraisals - Updates to Watch For!
- 04/25/07 03:13 PM
There is an update to tell you about in our mortgage industry! This comes from the spur of tightened mortgage guidelines and it is something to watch for here in our Florida market. Many mortgage investors now are paying closer attention to the appraisals. Specifically the area on the URAR that outlines the conditions of property values. (This is in the middle of page 1 of the URAR in the Neighborhood Section). Some investors on conventional product are reducing the maximum LTV by 5% whenever the appraisal states that the subject property is in over supplied area or an area of … (6 comments)
tampa: Down Payment Assistance Programs
- 04/19/07 09:58 AM
Over the past couple years, homebuyers have been able to take advantage of Down Payment Assistance Programs, such as AmeriDream, Neighborhood Gold and many others. How do they work? For example: a homebuyer is purchasing a home in Tampa for $200,000. As a first time buyer, they didn't already have established credit scores, so their lender was able to qualify them for an FHA Government Loan. However, this loan requires a 3% down payment, which our Tampa buyers don't have to put down on their new home. With the down payment assistance program, the seller could "gift"the 3% down payment plus an administration … (21 comments)
tampa: Get Mortgage Ready...It Starts with a Plan
- 03/27/07 06:03 AM
With the recent happenings in the mortgage industry and the tighter lending requirements in our industry, the big question is...Now What? "If I can't qualify for a mortgage, what do I do?" Well, first of all, it doesn't mean you are a horrible person or that you can never own a home, it just means you need to do a bit of work to get there! ANYONE CAN QUALIFY FOR A MORTGAGE WITH A LITTLE BIT OF EFFORT! In our Tampa Bay market, it is cruicial to be able to qualify for the best mortgage rate, because the majority of buyers need … (7 comments)
tampa: Dear Abby, Mortgage Edition
- 03/21/07 03:50 PM
I'm curious... I am sure that in your business, like mine, the changes in the mortgage industry create a variety of different hurdles to overcome. I have heard comments ranging from the guideline changes to the actual mortgage lenders and brokers dealing with customers. I have a lot to say and would like to use my voice to help YOU! Please, give me your input. I will take your questions and suggestions and use them for my blog topics. It's Dear Abby for the Mortgage Industry! What is the biggest mortgage challenge you are facing today? … (0 comments)
tampa: What is happening with the subprime mortgage market?
- 03/18/07 11:42 PM
Whether I am deal with customers here in Tampa, Florida or in Michigan, I am being asked this question on a regular basis..."What is going on with the subprime mortgage market?" First, what is a subprime mortgage? For anyone who hasn't been in business for the past couple years, it was a great tool for getting "credit challenged" borrowers into a mortgage. Mortgage brokers were able to approve loans to borrowers with credit scores down to 560, 1 day out of bankruptcy or foreclosure and not proof they could pay a mortgage! Was it right? The majority of the time, no. That is … (3 comments)
In my South Tampa home, we have a new rule...no passing gas! The man of the house isn't too happy about it, but it is a must. He says..."it doesn't smell"...but that's the silent but deadly part. There is no smell. 
;)
;)
