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Short sales and foreclosures equally lower FICO scores
I don’t pretend to be a credit expert and make sure to always consult someone who is but I found this to be a informative article especially since so many are experiencing short sales and foreclosures....
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South Florida Residential Inventory
South Florida residential inventory from The Real Deal New York – Latest News Compiled by Condo Vultures Realty using the South Florida Shared Multiple Listing Service. Active listings are properties...
View ArticleHomeowner Job Loss Protection
I have written about this in the past but through a different company. Now Genworth which is one of the mortgage insurance companies that insures loans with less than 20% down is offering it for no...
View ArticleShould You Get A Second Opinion?
I have talked about this in the past and how your interest rate isn’t the most important aspect of the mortgage but making sure you are dealing with an expert and someone you can trust is. The Blog...
View ArticleHow Much Do I Need To Make To Buy A $150,000 Home?
It will depend on your credit score and the other debts from your credit report but let’s say we want to keep your debt to income ratio at 31% or less of your income. I feel this is a good place to be....
View ArticleThe 4 C's of Mortgages
Anyone who is new to the mortgage business is first taught about the 4 C’s to underwriting, Capacity, Credit, Cash, & Collateral. The #1 one thing to understand is you can’t have one without the...
View ArticleIs a Short Sale or Foreclosure Better For Your Credit
I think anyone in the real estate business will tell you that a short sale is better. Both of them affect your credit about the same amount but if you are trying to buy another home you will be able to...
View ArticleTake The Mortgage Quiz
Test your knowledge and find out how much you really think you know http://www.zillow.com/mortgage-rates/quiz/
View ArticleShould You Have a Buyer's Agent
Absolutely and the article below goes into detail why. If you need a referral to a great real estate agent in South Florida just call or email me. Many experts think this is a bad move – worse, for...
View ArticleBuying A Home & Building Wealth
Here is a very powerful statistic for owning a home: Renters have only a fraction of the net wealth of owners. Near the peak of the housing bubble in 2007, the median net wealth of homeowners was...
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