Interesting article just released from the Florida Realtor’s website… and a great read if you are a first time home buyer thinking about purchasing a home. March 22, 2011 – Inexperienced first-time buyers may not know if the time is right to make a move into real estate. “It’s not about timing the market. It’s […]
Wells Fargo Says 500 Credit Score is OK
Yep, you read that headline right! This move occurred after the National Association of Realtors and FHA Commissioner David Stevens, among others last year, criticized many U.S. banks for require credit scores as high as 650 in some cases before making loans. Banks’ credit policies were not inline with FHA guidelines and were artificially restraining […]
8 Do’s and Don’ts During the Homebuying Process
Are you shopping for your next home, or even thinking about it? Even if you’ve owned a home before and have been through the mortgage application process, it’s easy to forget a few guidelines to keeping your credit score intact until final underwriting approval. Even small changes that buyers often think will help improve their […]
Island Walk Condos in Tampa receive FHA Approval
Exciting news for those who love the condo community of Island Walk on Harbour Island near downtown Tampa. Previously this community did not have FHA approval, which meant that buyers needed to find conventional financing (20% down). When no FHA financing exists on a property, often times lenders will not even write conventional loans on […]
20 Ways to Save Up a Down Payment
Budgeting to buy a home? For many prospective homebuyers, accumulating the cash for a down payment can be daunting. But there are many ways to raise enough money to buy a home. If you want to buy a house, you need to start by making a budget to buy. Do a financial check-up and develop […]
Fannie Mae Will Mediate Before Foreclosing
An article published in South Florida’s Sun Sentinel today states that soon mortgage giants Fannie Mae and Freddie Mac are considering forcing loan servicers in Florida to go to mediation with troubled homeowners before a foreclosure can even start. This program is being considered for high intensity foreclosure areas such as Miami and Tampa. In […]
