The Time to Buy is NOW!

Mortgage and Lending
Interest rates and home prices continue to be extremely attractive for prospective home buyers however, change is in the air.
Interest rates have been rising over the past month as a well as home price so if you’ve been thinking about a home purchase, now is the time to act. In addition to rates and prices rising, the supply of available homes for sale is dwindling which means we are rapidly entering a “seller’s market” as opposed to the “buyer’s market” we’ve seen for the past few years.  To further emphasize the urgency to act now, the Federal Housing Administration or FHA is implementing changes to their fees and policies that will have a dramatic effect on future FHA loans.

The FHA loan is an extremely popular loan program especially for first time homebuyers and the changes set to take effect June 3, 2013 will impact a significant number of those loans.  FHA presently requires that their Mortgage Insurance Premium remain in effect and be collected monthly as part of the normal mortgage payment, until the loan to value reaches a 78% loan to value ratio and at least five years have elapsed on the loan. The changes set to be implemented will require that the mortgage insurance premium remain on the loan for life.

If you are considering a home purchase, the first step is to make sure your financial situation is in order and that starts by seeking advice from an experienced mortgage professional. With today’s sometimes strict and confusing underwriting guidelines, it is imperative that you find out what you qualify for and if there are any issues that need to be dealt with before you begin your home search.

Jerry Ballentine is a Mortgage Loan Originator at Bay to Bay Lending in Tampa, Florida who has over 20 years of lending experience. He has been successful in helping thousands of his clients with their financing needs. He believes that accessibility and communication are the most important areas to be concerned with and he can be reached day, night or on weekends to answer any questions you may have.  His contact information is 813-549-7867 (office), 727-919-6820 (mobile), or via email at For more information, visit Bay to Bay Lending on the web at

Whether you are seeking to purchase a new home or refinancing your current Tampa Mortgage (, let us show you the way. Bay to Bay Lending is associated with the nation's unsurpassed pricing leaders. The Bay to Bay Lending team of Tampa Mortgage Brokers ( will make the mortgage process as simple as possible. We pride ourselves on offering a premier level of customer support and we look forward to getting you the best financing available.

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