In today's competitive housing market, a mortgage pre-approval is one of the best ways to establish yourself as a serious homebuyer. But what exactly is it, and why is it so crucial? Understanding … [Read more...]
What Is Delayed Financing?
Delayed financing allows homebuyers to purchase a property with cash and then obtain a cash-out refinance mortgage to recoup all, or most, of the money used for the purchase. This strategy lets the … [Read more...]
How Do Interest Rates Affect the Housing Market?
Most prospective home buyers work with a mortgage lender to finance a home purchase. In fact, according to a U.S. Census statistic in 2020, 64.8% of current homeowners used a mortgage loan to buy … [Read more...]
What is a Mortgage?
Unless homebuyers pay cash for the total price of a home, they are likely to borrow at least some of the money needed to make the purchase. Lenders offer a broad array of secured loans, known as … [Read more...]
Pros and Cons of Paying Off a Mortgage Early
Soon after signing mortgage loan documents that lock in a 15- or 30-year debt, homeowners dream about paying off the debt early to get rid of the monthly burden. But, even if you could pay the … [Read more...]
What Are the Requirements for Mortgage Pre-Approval?
A pre-approval letter is a document from a lender based on certain assumptions, stating the maximum the lender is willing to lend to purchase a home. When applying for a mortgage pre-approval, the … [Read more...]
What is the Difference Between Pre-Qualified and Pre-Approved for a Mortgage?
As you prepare to purchase a new home, you'll hear the terms "pre-qualified" and "pre-approved." These are key steps in the mortgage application process. However, there are important differences in … [Read more...]
Conventional Financing vs Hard Money Loans – A Winning Strategy
This month, we’re discussing “The Winning Strategy” and how many of our Real Estate Associates and Financial Specialists’ clients go about successfully securing rental properties and then “cashing … [Read more...]
UPDATE: Obama Re-Election May Bring New Housing Bubble
“Those who cannot remember the past are condemned to repeat it.” ~ George Santayana Beating A Dead Horse? Some may claim that we’re beating a dead horse by revisiting this subject from time to time. … [Read more...]
Wall Street Investors Buying Thousands of Tampa Bay Rental Properties
Just this week, the Tampa Bay Times published an article illustrating one major factor that is contributing to the sudden increase in Real Estate prices. Bad credit, ravaged savings and evolving … [Read more...]
