203k Renovation Financing, the cure for ugly houses!
Related Posts: Foreclosures, Homestead, Mortgage News, Real Estate News, Smart Living
hiAs I was reading the article about how affordable housing is again in the Miami Herald last Sunday, I found myself talking back to the newspaper like a crazy person. How can they write this article and state that the only way to buy the “ugly” houses is cash!. That’s not true! I sent [...]
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Wells Fargo agrees to halt Foreclosures, temporarily..
Related Posts: Foreclosures, Mortgage News, Real Estate News
hiWells Fargo announced that it is participating in a temporary moratorium on foreclosures in anticipation of the details to be announced on Wednesday by the President.
Wells Fargo joins JP Morgan Chase, Citigroup and Bank of America in agreeing to halt proceedings against any new foreclosures for approximately three weeks to allow time for the details [...]
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New Rules for Condo Financing, hard on South Florida.
Related Posts: Buying Real Estate, Home Owner's Insurance, Mortgage News, Real Estate News, Smart Living
hiAs if trying to finance a condominium purchase in Miami wasn’t difficult enough, the new FNMA guidelines just add insult to injury. The Miami Herald article in Saturday’s paper lists the new requirements for mortgages sold to FNMA and FHLMC and it just makes a bad situation that much worse.
These changes apply only to [...]
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First Time Homebuyers Still Have Good Loan Options
Related Posts: Front Page, Mortgage News, Real Estate News
hiThis mornings Miami Herald’s front page blared “Lenders raising the bar on buying a home”. As usual this news is lagging way behind what we already know!. You can read the article here.
Miami-Dade County is officially a “soft market” and as such there have been certain restrictions put into place. For example, the [...]
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Fed Rate Cut, How will it affect your mortgage?
Related Posts: Front Page, Mortgage News, Real Estate News
hiThe latest Fed rate cut of .25% to the key short term interest rates ( “Fed Funds Rate“) will generate another round of phone calls from consumers and others asking about how this rate cut will affect them.
Well, the answer is, “ It depends!”
The rate cut does not necessarily drop the rates for a 30 [...]
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5.625% 30 yr Fixed Rates!
Related Posts: Mortgage News, Real Estate News
hiI almost fell out my chair when I opened up the rates this morning. I know that the bond markets have been rallying, but since I hadn’t actually checked a specific rate since last week, I was pleasantly surprised to see the incredibly low rates !
This is the perfect time to call all your fence [...]
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VA Loans up to 1.5 Million..WOW!
Related Posts: Front Page, Mortgage News, Real Estate News
hiI could probably count on one hand how many real estate agents, or mortgage loan officers, that have written a VA contract or a VA loan in the last 10 years. I remember when the VA loan was the only 100% financing game in town, then all the hybrid loans started cropping up and [...]
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Hialeah Social Club, A blast from the Past!
Related Posts: Around Town, As Heard on the Street, Community Information, Coral Gables, Just For Fun, Real Estate News
hiThis has nothing to do with Real Estate or Mortgages. It is nothing but pure, wonderful nostalgia ! I have no way of knowing how many of those reading this went to high school in Miami during the late 70’s. But, if you did, there is a pretty good chance that you went to at [...]
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Why Worry, Be Happy!
Related Posts: As Heard on the Street, Downtown Dadeland, Mortgage News, Real Estate News
hiI thought that after all the distressing news of the last few weeks, that I would share some good news with everyone! A recent NBC News/WSJ poll reveals that most Americans don’t see the SubPrime/Mortgage mess as very worrisome. The majority of those polled thought that gasoline prices were more of a problem and [...]
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Boy, do I need a tax break!
Related Posts: As Heard on the Street, Community Information, In The News, Miami, South Miami
hiIt’s a pretty safe guess that everyone has received their 2007 proposed real estate tax notices by now. I was amused to see that I would be getting a reduction of $239.79 if proposed budget change is made, or $302.56 is no budget change is made. I’m not sure how they figured that I would [...]
