eustis: Part 2 - Financing a Home in Eustis, Florida
- 07/13/09 04:31 PM
As we discussed in Part 1 of the Buying a Home in Eustis, Florida, there are many options that a potential home owner has when looking for a home in the Eustis area. And like the real estate, a home owner has several mortgage programs to shop for. Each mortgage loan that is available to Eustis borrowers has its own unique set of guidelines and characteristics. In general though, they have the same basic ground rules: must have a job, must have credit (Good to Excellent), and must be able to afford the mortgage payment. It is from these main ground … (2 comments)
eustis: Part 1 - Buying a Home in Eustis, Florida
- 07/07/09 03:59 PM
Whether you are moving to Eustis, Florida to become a new resident or are an existing resident, here are some things that you should know when purchasing your new home. This will be a several part topic covering: real estate, mortgage, insurance, business, and local flavor. In this first part, we are going to be covering the real estate side of buying a home. The first thing that one should consider when purchasing their new home is where in Eustis they want to live: in a community, in the country, in town, near downtown, etc. There is, despite the cities perceived … (2 comments)
eustis: 100%+ Financing Available to Eustis, FL Home Buyers
- 02/15/09 09:31 AM
Eustis, FL (32726 and 32736 zip codes) is eligible for the government backed USDA Guaranteed Rural Development home loan program. Potential homeowners can finance their new home at 100%. However, they can get a 102% loan to cover the 2% USDA loan fee. And if the appraised value is greater than the purchase price, most if not all of the closing costs can be financed into the new loan provided the closing costs do not exceed the difference between the purchase price and appraised value. Home prices are down. Mortgage rates are down. Now, is the time to buy. Call Knightlines … (0 comments)
eustis: 4% Mortgage Rates for Lake County, Florida
- 02/03/09 05:24 AM
Homeowners and prospective homeowners of Eustis, Mount Dora, and Tavares, Florida could see, as early as next week, rates on 30 Year Fixed Rate mortgages in the 4% range. This move could come about as a result of a push by Republican lawmakers to include this provision in President Obama’s $900 Billion stimulus package. The strategy has two main objectives to help stimulate the economy. The first being to stop the falling housing market. By dropping rates below already historic low rates, prospective homeowners may jump on them to buy matching historic low housing prices. The second would stimulate consumer spending. … (1 comments)
eustis: Yield Spread Premium - The Hidden Fee
- 07/22/08 01:25 PM
Just because you live in Eustis, Mount Dora, or Tavares, you are not immune to this mortgage financing fee that mortgage brokers and correspondent lenders almost always charge. Yield Spread Premium (often referred to as YSP) is quite simply the opposite of buying down an interest rate. For example, if you want to buy down your interest, you can pay the bank/lender a point (1% of the loan amount) or more. Each point you pay is not a direct reduction of your rate by a percent. It is often 1 point buy down equals .25% reduction in interest rate. This differs … (5 comments)
eustis: An Old Name, But A New Face
- 06/22/08 01:02 PM
Unlike Coca-Cola who decided to revamp itself back in the 1980's, Knightlines Mortgage Services, LLC of Lake County, Florida is leaving the recipe of its success alone. However, in a bold move Knightlines is updating its branding image. While the logo remains a knight, the image has been transformed into a more regal and elegant symbol. No longer trapped in a box, the knight is now the central focus of an all encompassing sphere to elude to the company's wholeness and understanding of the mortgage industry, both commercial and residential.
To read more about our image change, click here. … (2 comments)
eustis: Lake County Mortgage Company: Lake Sumter Community College hosts Lake County's Biggest Business Expo
- 10/20/07 08:09 AM
Lake County mortgage companies (except for one lone company) are a no show at the Leesburg Area Chamber of Commerce Business Expo '07 presented by Leesburg Regional Medical Center and The Villages Regional Hospital with Chamber Alliance Chambers: East Lake, Eustis, Lady Lake, Mt. Dora, South Lake, Tavares, and Umatilla hosted by Lake Sumter Community College this past Thursday (October 18, 2007.) The media has told the story over and over now... mortgage lenders and companies closing their doors, the real estate market is at its worst, and so on. However, Knightlines Mortgage Servces, LLC makes its presence known that it is … (3 comments)
eustis: The Best Mortgage IS a Fixed Rate Mortgage
- 07/30/07 03:59 AM
The Best Mortgage IS a Fixed Rate Mortgage When shopping for a mortgage, one can easily become overwhelmed with all the different mortgage programs that are out there: Fixed Rates (FRM), Adjustable Rates (ARM), Hybrids, etc. The problem that consumers face is "which mortgage is the best?" The answer to this is: the best mortgage program is that program that best suits the individual's needs. But how does one know which is the best, if one is not up on all the different types of mortgages?
Well, let's break mortgages down to their very basic levels: rate and term. Rate is the interest … (38 comments)
eustis: What's in a name? That which we call an Option Arm...
- 07/09/07 06:48 AM
By any other name would still defer interest. (Sorry, Bill) I normally do not open junk mail, especially when it is someone trying to sell me on refinancing my house. (Hello, I am a mortgage broker. I will do it myself, thank you.) But, I figured the other day to pop a couple open just to see what the latest product is that some of these people are pushing. Wouldn't you know? It's the Option ARM; only they are not calling an Option ARM loan. In fact, they are pushing the envelope by implying it to be a 10 year fixed type of … (33 comments)
eustis: All Aboard!!! Inland Lakes Railway Offers Fun For All
- 05/14/07 05:31 AM
Inland Lakes Railway offers several different train experiences. Whether it be sightseeing during the middle of the day and enjoying lunch on the Magnolia Sun Lunch Train. Or a romantic evening dinner ride on the Orange Blossom Dinner Train. To even an all nighter onboard the Vintage Pullman Sleeping Car Service. They even have special holiday events for the children... Take ride with the Easter Bunny, or take a ride to the Great Pumpkin Patch, or hop a ride to the North Pole on Santa's Winter Wonderland Express. Visit their website for schedules, rates, and events... When I get to experience this first hand, I … (8 comments)
eustis: 2 Average Joes vs. Black Bear Golf Club
- 02/18/07 12:16 PM
2 Average Joes Vs. Black Bear Golf Club (Eustis, Florida) Aye, Lasses and Lads... I had the best time playing my round of golf today. A crisp cool 50 degrees with a wind that would make you wish you wore something under your kilt. My wife thought I was insane to go out today, but I needed to satisfy my craving for the course. If the roughs were knee high reeds and heather, I could have sworn I was playing on a Links course over in Scotland today. Between the weather and the course itself, I was probably as close as I ever would … (5 comments)
eustis: Lake County, Florida (Part 1)
- 11/02/06 01:51 AM
This is the first of more to come in an effort to help promote Lake County, Florida. Here begins our story of Lake County: Lake County is located in the geographical center of the state between the cities of Orlando (House of the Mouse) and Ocala. As you can guess, the county got its name becuase of the over 1,400 lakes loacted within it that comprise over 202 square miles of water. Here is one that may surprise you: Lake County has an average altitude of 184' above sea level. Yes, to us Floridians these hills are mountains to us. Afterall, most of the … (11 comments)
As we discussed in Part 1 of the Buying a Home in Eustis, Florida, there are many options that a potential home owner has when looking for a home in the Eustis area. And like the real estate, a home owner has several mortgage programs to shop for.
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