New Mortgage Landscape: FHA Loans Your Golden Ticket?
Understanding Loan-Level Pricing Adjustments (LLPAs) Have you ever found yourself wondering why some folks get better mortgage rates than others? The secret often lies in something called Loan-Level Pricing Adjustments, or LLPAs. But don’t let this financial jargon throw you off, stay with me, I promise, it’s simpler than it sounds. Think of LLPAs as […]
Mortgage Rates at Three Year Low
Rates for a 30-year fixed mortgage recently dropped to a three year low according to Freddie Mac. The company says that a 30-year fixed-rate mortgage had an average of 3.55% for the third week of August 2019; down almost a percentage point from the same period a year earlier. There has been an obvious stimulation […]
Existing Home Sales Have Year-Over-Year Increase
Sales of existing homes went up in July by 2.5% over June and had the first year-over-year increase in more than a year reports the National Association of Realtors. Due to historically low-interest rates and low mortgage rates, home sales have increased this summer. The sales have increased despite some indications that the economy as […]
Is the Time Right to Refinance Your Home?
With the recent drop in interest rates you, like many homeowners, wonder if the time is right to refinance. In order to determine if refinancing your home is the best choice, you should begin by asking yourself these questions: What is Your Goal in Refinancing? There are several good reasons to refinance, but these are […]
Waiting to Purchase a Home May Cost You
It may seem you are being prudent in waiting to purchase a home, but in fact, you may be hurting yourself financially. Often when you wait to see if rates will decrease, they do the opposite. Which means that if you were to wait to buy a home, it would take additional funds to purchase […]
What You Should Know Before You Apply for an Online Mortgage
You’ve probably seen an advertisement for an online mortgage and are considering using one of the online services to get a mortgage. While it’s true that online mortgages are growing in popularity, there are some things the public at large does not understand about them. Here are some things that you need to know before […]
In 2019 the Home Buying Experience is Easier Than Ever
Once a stress-inducing event, financing a house has become significantly less stressful. While still a significant purchase, financing a home has been made simpler by a host of online options. From online mortgage lenders to the ease that you can research rates, the dread-inducing mortgage application process is a thing of the past. Today, you […]
Don’t Wait to Purchase a Tampa Home
If you are one of the thousands of people considering purchasing a home in the Tampa Bay area, you may be wondering if now is a good time. Would next year be better? Are you a Millennial who’s tired of renting, but you don’t know if it’s the right time to buy? Here are some […]
Misconceptions About Buying a Home in Tampa
You may have been thinking about purchasing a home in Tampa, but you are worried that you won’t be able to meet the requirements. Like many people, you are under the two major misconceptions that keep you from buying a home. Let’s take a look at both of these perceived obstacles and why they really […]
The Importance of Central Florida Home Ownership in 2019
Home ownership is a long established American ideal; it is no different in Tampa, Lakeland, or the whole Central Florida area. Not only does home ownership give you a way to build equity, but it is also a place to raise a family and to have a sense of belonging. These two goals have long […]