Allow me to elaborate more about the current problems with condo financing in Florida. After the market crashed many years ago condos went down quicker than single family homes so Fannie Mae and all other lending types like FHA, VA etc. came in and put certain requirements as it pertains to condo financing. These requirements […]
A survey is a map of the perimeter of the property. This is important because it lets the buyer and the lender know whether there are any encroachments. An encroachment is something like a neighbor’s fence that was built on your property. This also will tell you whether there are any easements that utility companies […]
A home appraisal may be defined as a report that will calculate the value of your property. It does so by evaluating several different aspects, like the year it was built, the location, and the gross living space. If you buy a new home with a mortgage or refinance a current loan, an appraisal will […]
A Schedule E Tax Form is a tax schedule where someone who is either self-employed and owns a corporation or receives rental income reports his or her income. This form is used to report income or losses. A schedule E form does not only report income. You can also use it to report a net […]
You should always make sure your income was reviewed accurately. This is extremely important! Make sure that your loan officer has reviewed your tax returns and pay stubs before he or she prequalifies you-not just your W-2s but also your actual returns. Even if you are 100 percent sure your income is simple to figure […]
Buying a house can be an exciting time. However, it is also known to be a very stressful, tedious process. Many who do not have home buying experience may feel lost and confused. To prevent you from this struggle, we have put together a list of what to do when buying a home. By taking […]
A schedule C is a tax schedule where someone who is either self-employed or receives a 1099 report on his or her income. This schedule is used to report income or loss from a business of the individual that had worked in or a profession the individual had practiced. The person that would need a […]
Mortgage insurance is required for people who are interested in a house and they want to put a down payment with less than 20% of the sales price. The mortgage insurance exists to help make you a more attractive candidate to lenders. Mortgage insurance is an insurance policy that compensates the lenders or investors for […]
After you have figured out how much you want to pay out of pocket, the next thing to check off on your home buying to do list is to research loan officers. Clearly, there are some who will do a much better job than others, so choosing your loan officer wisely will go a long […]
Here are a few tips on how to improve your credit. There are many ways to improve credit score. You can start by keeping balances low on credit cards. Another way to start is to pay off debt rather than moving it around. Set up reminders to make your payments on time. Do not open […]
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Unlock the Secrets of Florida Mortgages. We’re excited to take your mortgage knowledge to the next level! With the ever-evolving landscape of real estate and financing, understanding Florida mortgages can be a daunting task.
That’s where Melinda comes in! With her expertise and passion, she’ll guide you through the ins and outs, ensuring you’re well-equipped to make informed decisions.
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