interest rates: 4 Ways to Ensure Your Real Estate Offer Encounters Smooth Sailing - 02/28/11 12:04 AM
As a home buyer, you want your offer to be accepted and your real estate contract to close on schedule. However, in today's housing climate, you should expect some negotiation, and submit your offer with the following advice in mind:
1. The financing contingency in your offer will state your mortgage loan total and anticipated interest rate and approval date. Strongly consider locking in that rate with the lender, as interest rates are still very low, and you'll avoid any future fluctuations in the market.
2. Reserve funds now for your settlement costs at closing. Anticipate anywhere from 2% to 6% … (0 comments)

interest rates: How to Lower Your Mortgage Interest Rates with a Higher Credit Score - 12/06/10 12:03 PM
Lenders are an increasingly difficult crowd to please, so if you’re looking for the best deal on a home mortgage loan, you need to find a way to improve your credit score. Lenders use that number to determine your risk of default, and it may be the single most important factor in your loan application.
Credit scores range anywhere from a very risky 300 to a perfect 850. You’ll need a 750 today to get terms a 700 would have gotten you two years ago. Begin with a $16 investment at, where your three reports from Experian, Equifax and TransUnion … (0 comments)

interest rates: Why It’s a Good Time to Buy – Even for First Timers - 09/06/10 05:01 AM
As a first-time buyer, does this describe you? •    Excited to find a good deal•    Afraid of overextending yourself•    Confused by all the conflicting reports about real estateWell, that might describe any or all buyers right now, but those making their very first home purchase may feel elevated levels of all these emotions. It helps to have someone offer you some guidance.No matter what you’ve been hearing about the real estate market, don’t be afraid to make your move now. With affordability so high, you’ll find a flurry of activity out there, so you’re not alone in making the right decision … (0 comments)

interest rates: Real Estate Investment Training Camp - 06/21/10 03:19 AM
If you can hear the whispers below the din of panic, you know that the recent financial and housing collapses have actually created some amazing opportunities for real estate investment. Low interest rates and depressed property values have combined in an environment favorable for long-term gains.It may not be for everyone, but if you’re in the right financial position, you have plenty of options. However, there is a right way and a wrong way to invest, and it’s the wrong way that led so many to suffer in the recent housing crisis.Don’t think about investing in real estate until you’ve saved … (0 comments)

interest rates: Ready to Buy a Home? Steps to Consider Before You Take that Leap - 05/17/10 06:16 AM
As you’ve already read here, conditions are ripe to become a homeowner, and it’s time to determine if you’re ready to make the leap. While the price of the home is the largest factor, Team Morgan, your Miami-based real estate specialists recommend that you don’t forget about loan fees and closing costs, which add to your total amount of home mortgage financing.
Since banks are stricter in their lending, step one is to polish up your credit report. A higher score gives you more power when it comes to negotiating terms and interest rates for a homeowner loan.
Similarly, a larger … (1 comments)

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Mike Morgan

Miami, FL

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Coldwell Banker Residential Real Estate

Address: 12155 S. Dixie Highway, Miami, Fl, 33156

Office: (305) 253-2800

Mobile: (305) 542-2138

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