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2013 

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Standard & Poors released its November 2011 Case-Shiller Index. The index measures the change in home prices from month-to-month, and year-to-year, in select U.S. cities. The data shows that for the second month in a row, home values dropped in 19 of the Case-Shiller Index’s 20 tracked markets. I...
04/29/2013

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“Can I roll in my closing costs?” is the #2 question regarding a Harp 2 Refinance in Orlando, Florida that we get. [What is the #1 Question about a HARP Refinance?] In most cases this is not an issue at all for Orlando real estate owners. Fannie and Freddie DO have different rules on rolling in c...
04/29/2013

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After a half-decade of tightening mortgage guidelines, banks are starting to “loosen up”. The Federal Reserve conducts a quarterly survey of its member banks and, last quarter, not a single responding bank reported having tightened its mortgage guidelines for prime borrowers. A “prime borrower” i...
04/29/2013

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More than 3.2 million U.S. workers spend over 3 hours commuting to and from work each day, according to the Census Bureau. Commutes over an hour and thirty minutes in each direction are known as “extreme commutes” in Census Bureau parlance. As compared to typical commute times nationwide, they’re...
04/29/2013

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Falling mortgage rates make owning a home more affordable. Mortgage rates are directly tied to monthly mortgage payment so as mortgage rates drop, so does the cost of home-ownership.   Buy a home in Longwood now or refinance one because never in history has mortgage rates have ever been this low....
04/29/2013

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Credit scores play a huge role in today’s mortgage market — larger than at any time in recent history. Blame it on the high default rates of the last half-decade. Lenders are reserving their lowest rates for the customers most likely to make on-time repayments. Mortgage rates are at an all-time l...
04/29/2013

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Homeowners in Florida and nationwide are gearing up to refinance as the government is about to release a revamped HARP program.   HARP stands for Home Affordable Refinance Program and it is the government’s loan product made for “underwater homeowners”. HARP makes current mortgage rates available...
04/29/2013

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The answer is no. Many banks are telling Orlando HARP Refinance seekers that call them about HARP, things that are misleading, to say the least. It is likely because you are reaching a call center [that may or may not be in the U.S.] and I can almost guarantee that they are not Licensed Florida M...
04/29/2013

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As compared to gloomy days, do “sunny days” put you in a good mood? If you’re like many people in Florida , the answer is “yes”. Researchers found, in a study of more than 1,200 people, that daily weather factors such as temperature, precipitation and length of day can alter a person’s emotional ...
04/29/2013

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The hallmark piece of the 2011 revisions of the HARP Mortgage Loan Refinance Program is that it removes the consideration of what the home is worth compared to what is owed [LTV]. Since many families in Orlando, Florida owe significantly more than their homes value, they are taking advantage of i...
04/29/2013
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