Lake County Mortgage and Local Happenings (Eustis, Mt. Dora, Tavares, Leesburg)

Dear Mortgage Lender, Congress, and President Obama, In the past year, the USA has spent almost $2,ooo,ooo,ooo.oo (two trillion) that we know of to bailout businesses (banks, cars, etc.) and individuals that cannot pay their debts. In the most recent stimulus package, first time home buyers get a...

Eustis, FL (32726 and 32736 zip codes) is eligible for the government backed USDA Guaranteed Rural Development home loan program. Potential homeowners can finance their new home at 100%. However, they can get a 102% loan to cover the 2% USDA loan fee. And if the appraised value is greater than th...

Homeowners and prospective homeowners of Eustis, Mount Dora, and Tavares, Florida could see, as early as next week, rates on 30 Year Fixed Rate mortgages in the 4% range.  This move could come about as a result of a push by Republican lawmakers to include this provision in President Obama’s $900 ...

Residents of the Golden Triangle (Mt Dora, Eustis, and Tavares) of Florida will be losing more than "Hope" if they choose to act on the government's newest mortgage bailout program that HUD introduced through FHA last year. The "Hope for Homeowners" (H4H) was designed to help homeowners keep thei...

We have all heard the saying: “A watched pot never boils.” What does this saying imply? Simply stated, it means that if one is anticipating an event, then time seems to slow down or drag. The real estate and mortgage industry have become that pot. Consumers are just sitting there waiting for the ...

Is it just me or did this Realtor step over the line? Let me give you the background.  I have a client that is good friends with one of my friends.  He and his fiancee are looking to purchase a new home.  When my friend found out that he was trying to get a mortgage and that no one was returning ...

Somewhere behind locked doors where the motif is best described as a late 70’s disco club, there sits a handful of banking executives studying the success of one of the few industries that continue to survive the current downward trends in our economy. That is right, I am talking polished brass p...

Dear President Obama, While I am a citizen of the United States of America, I firmly believe in the principles of free trade and capitalism.  These practices involve the market correcting itself without the influence or involvement of the government.  However, I am willing to bend on these princi...

Yes, I just said Option Mortgage… but I did not say Option ARM Mortgage. I have talked to clients about this in the past and 9 times out of 10, my client has listened to my suggestion. And I am willing to bet that in today’s economic situation, they are thanking me a million times over. So, what ...

When was the last time your bank guaranteed that you would be approved for a loan or a mortgage? If you were denied, did they work with you to get you to where you need to be to be approved? Or did they just send you a letter in the mail? If this applies to you, then you should know that we will ...