Mortgage

Feb. 7, 2018

Is it Less Expensive to Buy than Rent in Tampa Bay?

The struggle is real. Do you buy a home right now, or continue to rent? While there are many misconceptions about why a person thinks they should continue to rent - transient job status, inability to maintain a property, afraid to “take a risk” etc. - the overwhelming evidence shows it is ...

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Sept. 14, 2016

Saving to Buy a Home? Do You Know the Difference Between Cost & Price?

As a seller, you will be most concerned with the ‘short term price’ – where home values are headed over the next six months. As a buyer, you must be concerned not with price but instead with the ‘long term cost’ of the home.

Many economists have pointed to Brexit ...

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Sept. 9, 2016

Rents Skyrocket at Highest Rate in Almost a Decade

The Consumer Price Index (CPI) was released by the Labor Department last week. An analysis byMarket Watch revealed the cost of rent was 3.8% higher than a year ago for the second straight month in June. That’s the strongest yearly price gain since 2007.

This ...

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Sept. 7, 2016

Interest Rates Remain at Historic Lows… But for How Long?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment; The higher the rate, the greater your payment will be. That is why it is important to look at where the experts believe rates are headed when deciding to buy now or wait ...

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Sept. 5, 2016

Whether You Rent or Buy, You’re Paying a Mortgage

There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either yours or your landlord’s.

As The Joint Center for Housing ...

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Aug. 3, 2016

Why Is There So Much Paperwork to Sign to Get a Mortgage?

We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application ...

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July 27, 2016

Would You Qualify for a Mortgage Now?

The widespread myth that perfect credit and large down payments are necessary to buy a home are holding many potential home buyers on the sidelines. According to Ellie Mae’s latest Origination Report, the average FICO score for all closed loans in May was 724, far lower than the 750 or ...

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