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Mortgage Glossary part 4

RATE LOCK:  A guarantee from a lender of a specific interest rate for a period of time.

REAL ESTATE AGENT  A licensed professional who facilitates the buying and selling of real estate.

REAL ES  More...

 

Mortgage Glossary part 3

MORTGAGE:  A financial arrangement wherein an individual borrows money to purchase real property and secures the loan with the property as collateral.

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Mortgage Glossary part 2

HOME EQUITY LINE OF CREDIT: A type of mortgage loan that allows the borrower to draw cash against the equity in his home.

HOME INSPECTION: A complete examination of a building to determine its structural integrity an  More...

 

Mortgage Glossary part 1

APPRAISAL: The money value of property as estimated by an appraiser.

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Fall/ Winter Outdoor Home Maintenance Checklist

Outdoor  More...

 

Cash out Refinance

When the housing market is slow, buyers can become easily and understandably frustrated. Rather than putting yourself and your family through that, why not rethink a refinance? Even if you still plan to relocate in the future, you can always borrow from your current equity to renovate and make your home more appealing to you now.  Then when the market becomes more fluid, your renovations w  More...

 

Moving Tip #10

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Moving Tip #9

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Moving Tip #8

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Moving Tip #7

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Moving Tip #6

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Moving Tip #5

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Moving Tip #4

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Moving Tip #3

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Moving Tip #2

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Moving Tip #1

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Mortgage Myths #6-10

Mortgage Myth #6: No gifts or grants are allowed for a down payment.

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Mortgage Myths #1-5

Mortgage Myth #1: You MUST put down 20% to purchase a home.

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5 Homebuyer Mistakes to Avoid

Mistake #1: More...

 

3 Homebuyer Tips

It's important to start saving early when wanting to buy a home. Here are the main costs to consider while doing so!

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Win the Bidding War!

Put the odds in your favor!

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Your Credit Score

The pie chart shows how different factors impact your credit score. Are you surprised that payment history counts the most? 
 
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Financial Peace of Mind

3 Steps to financial peace of mind using a Cash Out Refinance

#1. Use the equity in your home tp pull out cash and pay off debt such as credit cards, auto payments or personal loans.

#2. Use the extra funds from paying off your debt to set up an emergency fund.

#3. Use the money that was going towards monthly debt payments to pay off you  More...

 

Attractive Interest Rates

Interest rates have varied greatly over the past 50 years. We've historically seem them fluctuate from year to year.  However there's no denying that in recent  times, we've seen them at very attractive lows. No one knows how long these trends will remain or when they can shift.  One thing is for sure, there's no time like the present to take a look at your options, whether buyin  More...

 

Is refinancing for you?

Are you happy with your home but feel it needs a makeover? Maybe it needs some minor touches or

maybe something more sizable like an addition, a new kitchen or a pool. Many of our customers are

taking advantage of the current lower interest rates to not only lower their mortgage payments, but also

to utilize some of their equity to use towards updates or to pay off other  More...

 

A Simple Phone Call

Did you know that beginning the home buying process is as simple as picking up the phone? Its true!

When you call us, we will get to know a little about what you’re looking for and what we can do to get

you closer to turning the dream into a reality. By answering a few simple questions, we will set you on a

path of feeling confident that you’re heading in the  More...

 

Down Payment Assistance

Are you a first time homebuyer?  Lake county has a down payment assistance program that can get you $20,000, $30,000, or $40,000 towards your down payment! There are income limits and other qualifications apply.  Call us today to see if you may be eligible!

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Manufactured Homes - An affordable housing option!

With property values increasing many people are finding that a manufactured home meets their housing needs in a very affordable way.  There have been concerns in the past that they were not as safe as single family block homes however we require that manutactured homes we lend on meet current building codes.  We get an engineer's report in most cases to verify it meets those strict gu  More...

 

Are you in the best position to make an offer on a home?

It happened again.  My buyer "Chris" found the perfect house and made an offer.  It just went on the market the day before.  Sweet home, great condition, superior location, and priced right.  While pre-qualified, for weeks I had been trying to get Chris to understand the importance of providing us with his paystubs, tax returns, bank statements, etc. so we could ar  More...

 

e-signature closing packages are here!


Effective today The Mortgage Firm is now sending out closing packages for e-signatures!  Most all documents can be signed electronically while just a few documents, the mortgage and note for example, need to be signed in person at the title company.  I was a part of the pilot program. The closing lasted 13 minutes!  Let me know if you have any questions.

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Credit trend?

I’ve been noticing a credit trend recently. Young homebuyers who saw their parents struggle during the recession about 10 years ago are choosing to stay away from credit. They pay cash for most everything for fear of finding themselves in the same scary financial situation.

And then they try to buy a house. Obtaining credit can be a challenge if you have none to begin with. But he  More...

 

Not so fast on that refinance!

Not so fast on that refinance! Many mortgage companies will convince you that refinancing your current mortgage is a smart move, but there are so many factors to consider other than just lowering your rate. Every case is different and you must look at how many years you have left on your current mortgage, how long you think you may l  More...

 

What is the MLS and what does it do?

What is the MLS and what does it do? 

MLS stands for Multiple Listing Service.  The MLS is a member organization that compiles real estate information and tracks the status of individual property listings and area real estate markets.

Direct access to the MLS is limited to members, although much of the data is ma  More...

 

How exactly does a credit rating fit into qualifying for a mortgage?

Of all the factors that go into qualifying for a mortgage (income, assets, job stability), credit rating is the one factor that seems the most difficult for many to overcome. Luckily it is the easiest to improve! Here are the most misunderstood facts regarding credit:

  • Lack of credit prevents many from qualifying. While many prefer to pay cash, if you want to qualify  More...
 

USDA housing programs have helped thousands

USDA (United States Department of Agriculture) housing programs have helped thousands of families over the years purchase homes with no money down. The program was instituted about 40 years ago to promote homeownership in rural areas. For years, Lake county was considered rural and this has been no doubt a popular financing option. You could not get this loan in Orlando!

No  More...