TweetWord on the street is that 100 percent financing is a thing of the past. NOT TRUE!!! There remains here in Polk County, Florida and in other parts of the nation a true 100 percent financed home loan purchasing program surprisingly few folks are talking about. What’s the program? Hey… glad you asked. Why,…
Tag Archive: Mortgage News
Owning vs. Renting Your Winter Haven, Florida Home: What are the Real Costs?
TweetA commonly repeated statement among real estate and mortgage professionals here in Winter Haven and elsewhere is that — before a true housing recovery can begin — the cost of financing a home versus renting one must return to historical levels. If this is true, then hold on to your hats, folks – as…
The $8,000 Tax Credit – What Winter Haven, Florida Homebuyers Need to Know
TweetI’ve received a lot of questions about the recent stimulus package and the $8,000 “First-Time Home Buyer” tax credit that is part of it. There are many scenarios and questions about who does and who does not qualify… and even the term “First-time home buyer” is not entirely correct! Here are some of…
How The Stimulus Bill Indirectly Lowered Winter Haven Mortgage Rates
TweetPresident Obama signed the American Recovery and Reinvestment Act of 2009 into law Tuesday in Denver, Colorado – and stock markets fell near their November 2008 lows. In case you’re still wondering… the two moves are related. With each new stimulus; with each potential jumpstart of the economy, Wall Street questions whether the federal push…
Hidden Advantages of a Florida FHA Home Loan
TweetWhat Is A Florida FHA Home Loan? Image via Wikipedia FHA stands for Federal Housing Administration. The FHA regulates these loans and offers them at more competitive terms and rates to keep home ownership affordable for a wider variety of people. This makes a Florida FHA Home Loan ideal for first time home buyers or…
Winter Haven, Florida Weekly Mortgage Update: February 17, 2009
TweetWinter Haven mortgage rates improved last week as the entire country waited with anticipation for a strong, government-led stimulus plan. Unfortunately, things turned south with equal speed as the stimulus package’s efforts fell short of expectations. Neither Uncle Ben Bernanke, nor Mr. Geithner, nor Congress gave markets what they wanted. Between Monday and…
Stimulus Package Gives Winter Haven Home Buyers and Homeowners a Boost
TweetNow that Congress has come to an agreement on the $789 billion stimulus package , and President Obama is set to sign in into law – current Winter Haven, Florida home buyers and homeowners should pay special attention to what the new law has in store. The package contains two benefits related to housing. The…
Winter Haven Sees Lower Mortgage Rates After Geithner’s Speech
TweetWhile many here in Winter Haven, Florida were “underwhelmed” with Treasury Secretary Tim Geithner’s latest press conference, it was what he did not say Tuesday that pushed mortgage markets into more favorable waters. What we saw just after Geithner’s speech was an example of “safe-haven” buying. What is Safe Haven Buying and Why Does…
Weekly Winter Haven Mortgage Rate Report: February 9, 2009
TweetLast week we learned that the US employment outlook continues to look even bleaker than we’d feared. However, despite the bad news, there were a few signs of life regarding the economy here in Winter Haven, Florida and across the nation. However, the pulse of our economy remains lower than we’d like, and in…
Weekly Winter Haven Mortgage Rate Report: February 2, 2009
TweetHi folks, Kevin Sandridge here with your Weekly Mortgage Report. The initial outlook for this week is a bit stormy for the housing market here in Winter Haven, Florida and across the nation. Consumer confidence tanked to an all-time low last week, and 100,000 American workers were handed pink-slips, each playing a role in adding…
