Eight Steps To Buying A Brevard Home
1. Contact A Mortgage Professional
The first and probably one of the most important steps to a future home purchase is to speak to a mortgage professional to get pre-qualified and to discuss your financing options. The lender will be able to guide and prepare you for the home purchasing process. By reviewing your credit and finances [...]
Tax Credit Can Be Used on Closing Costs
FHA-approved lenders were recently given the green light to develop bridge-loan products that would allow first-time buyers (anyone who has not owned a home in the last three years) to use the benefits of the federal tax credit “upfront.”
Under these HUD developments and guidance, FHA-approved lenders can develop bridge loans that buyers can use in [...]
Making Home Affordable Program
With the backing of the United States Treasury, mortgage servicers are making an effort to help homeowners preserve their home ownership.
If your home loan is adjusting or you have experienced a change in finances causing a deficiency hardship you may be eligible for a loan modification or refinancing on your primary residence.
Recently while watching CNN [...]
Market Disruption
Sitting here this morning listening to CNBC and feeling myself as one analysis quoted “it is like crossing the highway blind folded”. We are in the middle of a market that is right in front of our face on a daily basis. We are dealing with the power of the news driving our every decision [...]
Florida Bill HB 521 and SJR 532
The Florida State Senate recently passed two bills which have been supported by the Florida Association of Realtors.
HB 521, which has also passed the Florida State House, addresses the current problem that a homeowner has to prove that a county’s tax appraiser’s property tax assessment is incorrect. The homeowner usually was stonewalled in every effort [...]
Property Tax Estimator for Brevard County
A simple guide to estimate property taxes for Brevard County Florida
While Florida does not have a state income tax the county and state levy a property tax on home and property owners. The Brevard County property appraiser has a tax estimator on its website using a formula which takes the market value or purchase price [...]
Credit Score and Grades of Risk
Having good credit is not always a clear statement. To the top mortgage banking giants like Freddie Mac and Fannie Mae they evaluate credit as: good credit, better credit and best credit. Freddie Mac and Fannie Mae have recently been adding these “grades” on top of FICO scores, so the lower the “grade” the higher [...]
Property Taxes Decrease For Out Of State Owners
A welcome sight to out of state property owners is seeing their tax bill drop sometimes as much 15%. In the past out of state owners have felt the sting of the rapidly increasing market appreciation as much as 10% to 15% a year which translated into huge increases in their tax bill. While in [...]
$11.5 Million in Federal Aid for Florida
The State of Florida received a helping hand from the Federal Government in the amount $11.5 million. The money will be used by the state to continue its effort to prevent foreclosures by providing counseling and legal assistance to Florida homeowners who are jeopardy of foreclosure.
Governor Charlie Crist: “We are grateful to the federal government. [...]
State of Florida Stops Bank Foreclosures for 45 Days
December 2, 2008: In an effort to help homeowners facing impending foreclosures the Florida Bankers Association and Florida’s credit unions have agreed to stop all foreclosures for the next 45 days. Governor Charlie Crist called a press conference today to make the announcement. Crist and the head of the Florida Bankers Association commented not all [...]