Mortgage Updates

April 19, 2013

Being Credit Smart With Your Home

Building security in your homeThe Tampa Bay housing market and what it means for you and us as Pinellas Realtors is definitely a hot topic of late.  No matter where you turn, you can catch an "expert" discussing historical growth, the housing "bubble" or market scarcity and options for buying and selling your home.

Even ...

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Posted in Mortgage Updates
Feb. 1, 2012

How Long Will A Short Sale or A Foreclosure Stay On Your Credit

As a CDPE (Certified Distressed Property Expert) in the Tampa Bay real estate market, this is a question that we get all of the time and it seems that no one wants to answer it for homeowners who are in distress. The reason for that is that there is HUGE ...

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Jan. 16, 2012

Why Tampa Bay Real Estate Agents are SO Fussy About Mortgage Preapproval Letters

Tampa Bay Real Estate Agents and Pinellas Realtors® like us that are producing results in this market understand how the rules of the game have changed for 2012 and why savvy home sellers and their agents are SO darned fussy about mortgage pre-approval letters lately.  If you will ...

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May 18, 2011

Palm Harbor Real Estate Agents on Selling Now vs. Waiting?

As Palm Harbor real estate agents we consult with many people that want to sell their homes now but are wondering if they'll fare better if they wait a 'few more months or years'.   Well, trust me, unless your definition of a 'few' is about 7 to 10 years or more ...

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Nov. 30, 2010

Homes for Sale in Pinellas and The 2,000 Pound Elephant

Of the homes for sale in Pinellas, Pinellas MLS statistics reveal that distressed properties remain the elephant in the room.  In fact, 56.2% of all the contracts written in October were short sales or foreclosures.   If you're looking at all of the Pinellas County homes for sale for ...

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Aug. 26, 2010

Palm Harbor Realtors on Why Getting a Mortgage Gets Tougher Every Day

Palm Harbor Realtors on Upcoming Mortgage Industry Changes

Palm Harbor Realtors on Upcoming Mortgage Industry Changes

As Palm Harbor Realtors we've been studying up on the Financial Reform Act that became law last month.   Government regulators will be interpreting the law and creating rules for years to come, so it's too early to tell how many of ...

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July 19, 2010

Why Be a Sheep? A Pinellas Realtor Rant on Home Buying and the Lowest Interest Rates since 1971

As Pinellas Realtors we scratch our heads at the fear some people have about home buying today (when they should have been scared 5 years ago but many of us were too busy following the herd).  The real, experienced investors now are gobbling up homes for cash.  Over 50% of ...

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July 24, 2009

Buying Pinellas Real Estate? The New MUST-KNOW Mortgage Disclosure Rules: The Mortgage Disclosure Improvement Act (MDIA) starts July 30th

On July 30th, 2009, the Federal Reserve Board's new Mortgage Disclosure Improvement Act (MDIA) goes into effect.  It's mostly good news for if you're refinancing your home or buying Dunedin real estate, yet it does mean that it could take longer to close on your home loan ...

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Posted in Mortgage Updates
July 1, 2009

FHA Loans for Pinellas Home Buyers

If you're looking to finance a Pinellas short sale or Pinellas foreclosure and have 3.5% for a down payment, then an FHA loan is your ticket to home ownership.  The FHA is not a lender, nor do they set interest rates.  The Federal Housing Administration is a ...

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Posted in Mortgage Updates
June 5, 2009

First Time Homebuyer Tax Credit for Pinellas Real Estate: The Truth, The Whole Truth, and Nothing but the Truth

The American Recovery and Reinvestment Act of 2009 was the heavily debated economic stimulus package that was signed into law in February of 2009.  The home buyer tax credit is a component of this package and was created to promote home ownership.Pinellas First Time Homebuyer Tax Credit Details by Pinellas Realtors and Pinellas Short Sale Experts at Keller Williams Realty Palm Harbor  The bill originally provided for an $8,000 tax ...

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Posted in Mortgage Updates