mortgage: The Amazing Benefits of the VA Loan Program
- 12/03/20 12:54 PM
Unbeatable Perks that Help Our Veterans Purchase their Dream Home
The VA Loan Program is one of the best mortgage options out there. VA Loans are designed to make homeownership affordable for veterans and active-duty military members. There are millions of veterans and service members that are eligible, but only a few use their benefit. If you qualify for this type of loan, here are a few reasons to take advantage now!
VA Loans are relatively easy to qualify for.
VA Loans are backed and guaranteed by the U.S Government. Because there is less risk involved for the bank, there is a higher chance … (0 comments)
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mortgage: Signs You Should Consider Purchasing a House
- 10/30/20 10:38 AM
Benefits of Homeownership Outweigh the Pros of Renting
Making the decision to buy a home can be a daunting one. Many people rule out purchasing a house, as it can feel intimidating and they don’t think they qualify. In reality, many renters have the qualifications and ability to become homeowners. It is a major financial decision but is also extremely rewarding and empowering to be able to own where you live. Here are 4 signs you may want to consider becoming a homeowner.
You love where you live and plan to stay for a while.
Renting is great for people that are new … (1 comments)
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mortgage: Strike While the Real Estate Iron is Hot: Mortgage Rates for 2017
- 03/02/17 12:59 PM
By and large, we saw a healthy housing market last year – but what should we expect as we embark on a new real estate journey in 2017?
For home buyers, this is your que to strike while the iron is hot! If you’ve been waiting for the right time to buy your new home – your wait is over! Increase your buying power by taking advantage of these lower mortgage rates before we see an increase between 2017 and 2018. As Bill Dallas, CEO at Cloudvirga explains, “We expect GDP [gross domestic product] to increase 2.1% in 2017 and 2.0% … (0 comments)
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mortgage: First Time Home Buyer
- 10/18/16 04:32 AM
It’s time to take the next step and buy your first home. Where to begin, you ask? By and large we find ourselves scouring the internet for real estate listings and then driving by potential homes only to find that it’s been sold, or doesn’t live up to those beautiful online photos.
Here’s the good news! Before getting too wrapped up in the home searching process, there are a few steps you should take to save yourself time, money and lots of disappointment.
First and foremost: Prepare Your Credit for Mortgage Approval. Now that you’ve decided to turn those rent payments into mortgage … (0 comments)
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mortgage: Changing the mortgage game? Here's what it means for you!
- 09/19/14 02:13 AM
Recently, bankers have joined loan guarantors to push the ease the proposed capital rules for mortgage insurers. The bankers advised that easing up on the proposed rules will make real estate financing even more affordable for buyers seeking a new home and loan. Along with the bankers, the National Association of Realtors discussed the importance of having accessible mortgages for first time home buyers.
According to the Wall Street Journal, Citigroup and Bank of America are providing mortgages at discounted interest rates as a part of their efforts to help borrowers with low incomes or lack luster credit histories. These discounts … (0 comments)
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mortgage: Want an easy home buying experience? Read this!
- 09/05/14 04:31 AM
Now is the time to act on purchasing your home. The housing market climate has drastically improved and builder confidence is at the highest level it has been in nearly a decade. Recent mortgage and inventory trends are allowing you, as a first time buyer or a repeat buyer, to make your move. But are you ready? Purchasing a home is one of the biggest financial investments that is made in a lifetime. Although you might be ready to buy your home, there are a few ways to simplify the purchasing process, making it smooth sailing for you. Here are four … (0 comments)
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mortgage: Favorable home-buying season is here & now!
- 05/09/14 04:39 AM
So far, 2014 has been very positive for the housing market and for the overall economy. Steady increases in home prices and home sales are indicating a continuous trend of strong buyer and seller confidence. The outlook towards real estate is improving quarter by quarter and we are expecting it to stay this way for the upcoming months and years. According to Fannie Mae’s April 2014 National Survey, “for the third month straight, the share of respondents who believe now is a good time to sell a home increased and hit 42%, an all-time survey high.”
One of the other factors feeding the economic … (0 comments)
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mortgage: Boomerang Buyers: Home Buyers who went through financial distress
- 09/11/13 04:55 AM
There is new hope on the horizon for those who lost their homes due to the recession. The current administration has created a new rule regarding the waiting period for obtaining a new real estate mortgage backed by the Federal Housing Administration. Previously, home owners who experienced a foreclosure or bankruptcy had to wait for three years before they could apply for a new mortgage. The new regulation makes it possible for those who have repaired their credit score, can prove their income, and have gone through a full recovery, to be eligible for a new mortgage loan in as little … (0 comments)
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mortgage: Tampa Real Estate Hot Topic: Mortgage Rate Predictions for 2013
- 07/12/13 02:18 AM
Last week we discussed the importance of understanding the effects that rising home prices have on mortgage rates and the buying power of consumers in the market to both buy and sell. The recent mortgage rate activity has caught the attention of the nation, and of course our local Florida real estate market. Since May 2013, the average rate on a 30-year mortgage rose from approximately 3.3% to 4.87% according to Freddie Mac. Executive vice president of McCue Mortgage, Kim Neilson, states that the market hasn’t seen an increase of this magnitude in years. Despite the recent jump, however, rates are … (0 comments)
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mortgage: Real Estate July Pulse: Monitoring Mortgage Rate Activity
- 07/05/13 06:18 AM
In today’s real estate market, we are seeing more and more home buyers come forward in part from the low mortgage rates and increasing job stability. The demand for home ownership continues to increase. An increase in home prices is expected to continue throughout this year while our property inventory continues to be at an extremely low level.
Prices of homes in the U.S. rose by more than 12% since May 2012, which is the highest increase that the real estate market has seen in over seven years. For most, this appears that the market is continuing to gain … (0 comments)
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mortgage: Home Ownership - Still Preferred Over Renting
- 04/05/12 06:48 AM
Do you ever hear someone say, “One day I wish to rent my very own home”? It doesn’t happen! It simply doesn’t exist. Most people today think owning a home makes far more sense than renting a home! In fact, 70% current tenants believe that home ownership is something they definitely would like to be a part of. Many consumers still value the idea of calling a home their own.
Fannie Mae’s last quarterly National Housing Survey showed that the desire of home ownership among many Americans still strongly exists. Their findings were quite interesting and may be applicable to … (2 comments)
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mortgage: Pending Home Sales And Prices Are Up!
- 03/01/12 03:07 AM
The National Association of Realtors reports that existing home sales have hit a 21 month high in January 2012. A total of 8% more contracts were signed by agents during that 21 month period. NAR chief economist Lawrence Yun says job growth and rental rates are somewhat of a cause for this recent spike. He also suggests that once credit availability becomes more regular, home sales will see a significant increase, and home prices will as well. This will in turn reduce the amount of people who are currently upside down on their mortgages.
Rising rental rates may be boosting … (0 comments)
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mortgage: The State of the Real Estate Market in Tampa Bay, by SI Real Estate
- 01/23/12 05:32 AM
The net sum of a great deal of graphs, much raw data, and more information from economic and industry trends analyzed by experts, and first hand experience of a professional, is that the Tampa Bay Real Estate Market is making a visible turn. There is a obvious uptick in the prices of homes overall, prices per square foot of real estate, days and overall time on the market, and even new construction starts. To recognize this trend and real estate market, it is our opinion that one must have been a vigorous professional when it was trending up, when at the … (0 comments)
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mortgage: 30-Year Mortgage Rate Drops Back to Record Low
- 08/20/10 04:41 AM
Another Reason Why Now is the Time to Buy Real Estate in Tampa, Florida!
If prospective real estate buyers in Tampa, Florida ever needed a reason to buy now, the fact that the national 30-year fixed-mortgage rate is back at a near record low average of 4.28% is a good place to start serious consideration. Incredibly low mortgage rates and real estate prices should be adequate incentives to prompt home buyers to act now. According to the Zillow Mortgage Marketplace weekly update, the recent decrease in mortgage rates is down 0.02% from last week.
Consider the facts. Rock-bottom real estate prices combined with record low mortgage … (2 comments)
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mortgage: SI Real Estate News | FHA Launches Refi Opportunity to Underwater Homeowners
- 08/11/10 05:57 AM
Real estate mortgage holders in the Tampa Bay area, and across the country, can now seek relief on their mortgage with a new Federal Housing Administration (FHA) refinancing program. According to a press release FHA Launches short Refi Opportunity for Underwater Homeowners dated August 6, 2010, "Starting Sept. 7, 2010, the Federal Housing Administration (FHA) will offer certain ‘underwater' non-FHA borrowers a new FHA-insured mortgage. To qualify, an owner must be current on his existing mortgage, and his lender must agree to write off at least 10 percent of the unpaid principal on the first mortgage."
This is a drastic effort … (0 comments)
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mortgage: Mortgage Rates Fall to Lowest Level of the Year
- 05/25/10 04:49 AM
Tampa Bay real estate homeowners, sellers, buyers and investors - take note! There is good news today for anyone involved with real estate. MSNBC.com reported in an article titled Mortgage Rates Fall to Lowest Level of the Year that mortgage rates have fallen to the lowest level of the year.
Both 30-year and 15-year mortgage rates have dropped this past week. "The average rate on a 30-year fixed rate mortgage dipped to 4.84 percent this week from 4.93 percent a week earlier. The average rate on a 15-year fixed-rate mortgage was 4.24 percent, down from 4.3 percent last week."
Home … (0 comments)
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mortgage: Real Estate Update | Mortgage Principal Forgiveness
- 04/02/10 04:05 AM
Life after April 30, 2010
The clock is ticking for first-time home buyers and move-up/repeat home buyers wishing to take advantage of the generous federal tax credit. April 30th is the drop-dead date to get a binding contract in place with June 30th being the date these deals must be closed by in order to qualify for these incredible tax benefits. As realtors rush to find that home for their buyers to purchase and lenders work to get those deals closed, many wonder what real estate life will be like after April 30, 2010. Will there be another wave of aid … (3 comments)
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mortgage: FHA to Tighten Lending Requirements
- 03/19/10 03:05 AM
Real Estate buyers in the Tampa Bay area have been in the driver's seat for nearly a year with the First-Time Home Buyers Tax Credit, slumping real estate prices and incredibly low mortgage interest rates. If all of those factors were not reason enough to make that long dreamed about real estate purchase, the Federal Housing Administration's (FHA's) announcement of impending tightening of lending requirements should get buyers to take action in short order. According to the Realty Times article, Tighter Requirements for FHA Loans Loom, "After notice and comment periods, but beginning this spring, the FHA will raise mortgage insurance fees … (0 comments)
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mortgage: Fewer People Behind on Home Loans
- 02/24/10 06:02 AM
Experts tell us, the end of the foreclosure crisis is finally in sight. This is good news indeed for the real estate market in Tampa, Florida. "Housing is on a path to recovery," said Mike Larson, a real estate analyst with Weiss Research in a FloridaRealtors.org News and Events article titled Fewer People Behind on Home Loans. Jay Brinkmann, the trade group's chief economist added the figures probably mark "the beginning of the end" of the crisis.
In an effort to bring some relief to homeowners who are experiencing problems with their mortgage payments, the Obama administration's $75 billion mortgage-relief effort … (3 comments)
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Unbeatable Perks that Help Our Veterans Purchase their Dream Home
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