Owner: Your Florida Mortgage Source URL:http://www.williewoolridge.net Join Date: Sun, 10 Jun 2007 22:17:09 -0500 Rating:0 Site Description: Current news on florida real estate, mortgage rates, home loan advice, refinancing, debt consolidation and more. Site statistics:Click here
First time home buyer gets deal in Ft Myers 2007-06-10 06:02:40 Fort Myers
- You’re not going to believe what some brand new townhomes went for on the auction block Thursday night in Fort Myers, considering where prices have been. A three bedroom townhome previously priced at $310,000 sold for about $180,000! First
time home buyer Brandon Quarterman, a student at Florida Gulf Coast University, was [...]
Builders partially dismantling houses 2007-06-10 05:05:56 Cape Coral contractor R. Fry Builders
has started partially dismantling houses
where the customers are balking at closing the deal, removing doors, windows, air conditioners and other items.
“Fry officials said they’re responding to an increasingly common phenomenon caused by plunging real-estate values that have left buyers unwilling or unable to close the deal because the [...]
Mortgage rates rise for a fourth straight week 2007-06-09 08:01:20 Rates on 30-year mortgages rose for a fourth
straight week, hitting the highest level in 10 months, as bond markets responded to strong employment growth.
Mortgage
giant Freddie Mac today reported that 30-year, fixed-rate mortgages averaged 6.53 percent this week. That was up sharply from 6.42 percent last week and represented the highest point for 30-year [...]
Interest Rate Watch 2007-06-09 07:50:13 Rate Watch is a unique service that I provide for my clients as well as others who want their mortgage to be professionally managed. I will mail the report to you on a monthly basis, thereby, ensuring that you are receiving the lowest rate possible along with the best loan program that meets both your [...] Read more:Interest
Top reasons to refinance your florida mortgage 2007-06-08 18:04:07 Mortgage refinancing can offer you several ways to reduce the burden of debts and bills. Refinancing could lower your monthly home loan payments, while paying off credit card and other debts through refinancing can consolidate your debt into more manageable payments. Mortgage refinancing can also free up cash to afford new financial ventures like buying [...]
Prequalification Vs Preapproval: What is the difference? 2007-06-07 17:28:13 In the world of real estate transactions, professionals and purchasers sometimes use the words “prequalification” and “preapproval” interchangeably. The problem is they mean two totally different things. If you are using the wrong word in place of the correct word, you may find yourself in a very sticky situation.
Read more…
[...] Read more:difference
Foreclosure bargain-hunting 2007-06-06 19:47:33 Rising foreclosures will bring misery to many home owners - but bargain prices for some lucky home buyers Read more:Foreclosure
, hunting
Warning Signs of a Bad Mortgage 2007-06-05 17:18:19 If you’re in the market for a new home loan or refinancing, be careful. Most lenders are good, reputable people who would not intentionally force you into a bad program. Some, however, would. Even a particular loan, with great features, may not necessarily be the best choice for your individual needs. It’s up to you [...] Read more:Mortgage
How Should I Rent or Buy 2007-06-05 17:12:42 The purchase and ownership of a home is still “The American Dream”. But as the average American family changes residence an average of once every five to seven years, an interesting and very important question arises which begs to be addressed. That question is “Should I buy, or should I continue to rent?”
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[...]
Mortgage defaults jump in May 2007-06-13 16:08:30 U.S. foreclosure filings surged 90 percent in May from a year earlier as more homeowners fell behind on their monthly mortgage payments, RealtyTrac Inc. said.
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There were 176,137 notices of default, scheduled auctions and bank repossessions last month, led by California, Florida and Ohio, the Irvine, California-based [...] Read more:Mortgage
When shopping for a florida mortgage 2007-06-12 17:18:11 One key benefit to working with a mortgage broker is that they have access to wholesale rates, which are typically considerably better than retail rates you’d be offered if you worked directly with a bank.
The truth behind “No Closing Cost Refinances” 2007-06-11 17:58:08 You may have seen ads by large mortgage companies advertising “no closing cost refinances” lately, a mortgage program that promises no fees or out-of-pocket expenses when you refinance your existing mortgage.
Read more…
While this type of offer is by no means a new concept, it’s definitely an subject [...] Read more:behind
Florida property tax reform 2007-06-11 05:39:42 The Florida
Senate early Thursday approved its version of a property
tax relief package that rolls back city and county taxes while providing extra tax breaks for first time homebuyers and business owners.
Special session on property taxes has ended 2007-06-15 03:35:50 The state House and Senate have passed bills designed to lower property
taxes statewide. The action came during the special session
on property taxes, which ended after just three days. Lawmakers passed two bills that would lower property taxes by more than $30 billion over five years.
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[...] Read more:Special
Mortgage Rates for Jun 14 2007-06-15 03:16:49 Rates on 30-year mortgages rose for a fifth straight week, hitting the highest level in 11 months as prospects dimmed further for possible rate cuts from the Federal Reserve.
Mortgage
giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.74 percent this week. That was up from 6.53 percent last week and marked the biggest [...] Read more:Rates
, Mortgage Rates
Annual Percentage Rate 2007-06-17 19:29:37 The annual percentage rate, or APR, is a measure used to determine the true cost of a loan. Instead of a bank or lender telling that your rate is 6.5% with fees of $8,000, they’ll just say the annual percentage rate is 6.87% with those fees included.
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[...] Read more:Annual
Foreclosures are spiking in Santa Rosa County 2007-06-23 11:02:53 “It’s the worst I’ve ever seen it,” said Deputy Clerk Joyce Watkins, who’s been processing foreclosures in the Circuit Civil department of Clerk of Court’s office for over eight years.
By the 13th day of June, Watkins and her department already had 31 foreclosures to process.
She compared the 71 foreclosures in May to the [...]
Read more:Foreclosures
, Santa
, County
Mortgage Rates for Jun 22 2007-06-22 04:08:57 Rates on 30-year mortgages, after rising for five straight weeks, edged down slightly this week as investors digested news that suggested the economic drag from housing could last longer than expected.
Mortgage
giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.69 percent this week. That was down from 6.74 percent last week, when rates [...]
Read more:Rates
, Mortgage Rates
Condo converter Puig Inc. is a casualty of the housing downturn 2007-06-21 04:07:27 Since South Florida’s raucous real estate party ended, the hangover has taken different forms — sales plunging, foreclosures rising, lawsuits flying.
Now, a Hialeah condo conversion company has gone bankrupt in one of the biggest bankruptcy cases yet to come out of the soured housing market.
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Puig, a [...]
Read more:Condo
, converter
, downturn
Florida, California home prices likely to drop in 2 years 2007-06-21 04:02:28 The days of oceanfront property as a good investment might be a thing of the past.
Some homeowners in California
, Florida
and the southwestern U.S. now face more than a 60 percent chance their property will be worth less in two years, according to a new study by a mortgage insurer. But for Texans and Midwesterners, [...]
Read more:likely
South Florida home sales still sluggish 2007-06-27 03:33:21 Sales of existing homes remained sluggish in May, according to numbers released Monday by the Florida
Association of Realtors.
The number of condominiums sold in May was off 46 percent in Miami-Dade when compared to the same period a year ago. In Broward, condo sales for the month were down 29 percent. The story was largely [...]
Read more:South
, South Florida
Borrowers pay credit cards, not mortgages 2007-06-25 18:55:22 It used to be when people got into financial trouble they would pay their mortgage and let their credit
cards slide. Not any more — at least not for subprime borrowers.
A new study by Experian, the Costa Mesa-based credit bureau and information services company, shows that subprime borrowers are now paying their credit cards first [...]
Read more:Borrowers
Current mortgage disclosures fail to convey key mortgage costs 2007-06-24 12:59:19 In a study involving 819 recent prime and subprime mortgage customers in 12 locations around the country, the Federal Trade Commission found that using current ''truth-in-lending'' and ''good faith estimate'' disclosures
Read more:Current
Mortgage Rates Jun 29 2007-07-01 12:38:15 The good news is mortgage rates fell for the second week in a row. The bad news is they’re still almost half a percentage point higher than they were three months ago.
The benchmark 30-year fixed-rate mortgage fell 2 basis points, to 6.74 percent, according to the Bankrate national survey of large lenders. A basis point [...]
Read more:Mortgage
, Rates
, Mortgage Rates
Posing as rescuers, companies prey on struggling homeowners 2007-07-05 17:17:13 The schemes take various forms and often involve promises to distressed homeowners of cash up front, free monthly rent and a chance to retain their houses in the long run. But in the process, someone else takes over the deed, borrows as much as possible against the value of the house and pockets the cash. And, almost always, the homeowners still end up losing their homes.
Florida housing market still troubled 2007-07-05 05:18:13 Central Florida
’s most troubled
real estate: low-end condos. Where are values level? Established neighborhoods. What prices are rising? Lakefront property.
That is a synopsis of what lies behind the property-tax rolls appraisers reported to the state by Monday.
Overall the news for Central Florida underscored a trend that began in about 2005, when high insurance and unbridled [...]
Buyers feel sting of adjustable-rate mortgages 2007-07-11 05:27:05 As rates, monthly payments jump, homeowners must make aggressive cuts in expenses to keep up
When Enej Dreca took out an adjustable-rate subprime mortgage in 2005, he knew the interest rate was likely to rise in two years.
But he wasn’t prepared for how high it would go.
His initial 8 percent rate would have soared to 11 [...]
Read more:Buyers
Renters Paradise 2007-07-17 05:26:11 Lee County’s burgeoning skyscraper condominium market is a renter’s paradise — but a landlord’s hell.
Experts say as increasing numbers of condo units pour into an already overflowing supply of residential real estate, renters can almost name their price for even the costliest luxury units.
Jim Simon, for example, recently moved into a condo in the 32-story [...]
Read more:Paradise
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