May 24, 2011 | MIAMI REAL ESTATE
HOMEPATH LOANS (offering 90% financing on real estate acquisitions) are possible only on Fannie Mae owned properties. Homepath requires only a 10% down-payment, with NO mortgage insurance , and NO appraisal. That’s good for investors (although...
Mar 22, 2011 | BUYER'S ADVICE, MIAMI REAL ESTATE, REAL ESTATE NEWS
What is an FHA Loan? Who qualifies? In a nutshell – FHA mortgages are home loans which are insured by the Federal Government… Interest rates on FHA loans are similar to those of conventional loans…. and FHA financing is a good option for...
Aug 23, 2010 | MIAMI REAL ESTATE
YOUR CREDIT SCORE IS BASED ON A FEW SIMPLE FACTS: 35% OF THE SCORE IS BASED ON PAYMENT HISTORY ON CREDIT ACCOUNTS (RECENT ACTIVITY WEIGHS MORE THAN ACTIVITY IN THE DISTANT PAST). 30% OF THE SCORE IS BASED ON YOUR CURRENT DEBT TO CREDITORS. 15% OF THE SCORE IS...
Aug 17, 2010 | BUYER'S ADVICE, MIAMI REAL ESTATE
Most people buying a home find that they need to finance at least part of their purchase. This is one of the first steps to take in buying a new home.- figure out your financial situation and make a reasonable estimate on how you will pay for the purchase. Things to...
Nov 16, 2009 | MIAMI REAL ESTATE, SELLER'S ADVICE
There are many questions surrounding the deed-in-lieu of foreclosure, so here are some answers. A deed-in-lieu of means that the borrower conveys all interest to the lender in order to satisfy the loan that’s in default and avoid foreclosure. This process is...
