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Monday, June 23, 2014

There is Hope after Foreclosure, Bankruptcy,or Short Sale

There Is Hope – Is your credit damaged? Have you given up all hope of moving into your own home? Well we may be able to help you. For our clients that are not ready to immediately qualify for a mortgage, we help them get ready. We review our client’s personal situation and identify why their credit is damaged. Then together we work on creating a game plan. It includes specific steps and goals that need to be met. If the client wishes, I check in with them periodically to make sure that they are on track. I become your mortgage coach. Recently we worked with a couple who may be in a similar situation to yours. Their credit was damaged due to a job loss. When the underwriter ultimately reviews their application and supporting paperwork, the fact that the job loss was unavoidable will be taken into consideration. They have been working on reducing their credit card debt, and are now well on their way to being able to qualify for a mortgage. If you or someone you know would like a realistic review of your mortgage readiness, give me a call. I’m Mr. Will from Jacksonville, and I have been helping families throughout Duval, Clay, and St. Johns counties for the past 25 years. I’m here to show you the way to get a mortgage.

Wednesday, June 4, 2014

MortgageOrb: How Home Buyers Are Impacted By Private Mortgage Insurance

We noted this earlier and look at the stats.The survey found that 43% of millennials (ages 18-34) did not make a 20% down payment and required mortgage insurance, as compared to 37% of generation X-ers (ages 35-54) and 23% of baby boomers (ages 55 and older).











MortgageOrb: How Home Buyers Are Impacted By Private Mortgage Insurance

Monday, June 2, 2014

Rates and the Process

"It's a temporary window of opportunity for buyers in that a year from now rates will be higher," said Mark Zandi, chief economist for Moody's Analytics in West Chester, Pennsylvania. "The housing market could use it given how it's gone sideways. But I wouldn't count on these low rates for very long." Read more here: http://www.bradenton.com/2014/05/30/5178968/borrowers-show-no-rush-to-catch.html#storylink=cpy">It's a temporary window of opportunity for buyers in that a year from now rates will be higher," said Mark Zandi, chief economist for Moody's Analytics in West Chester, Pennsylvania. "The housing market could use it given how it's gone sideways. But I wouldn't count on these low rates for very long." Read more here: http://www.bradenton.com/2014/05/30/5178968/borrowers-show-no-rush-to-catch.html#storylink=cpy Things needed to know.
We are an optimist, however not a mind reader. Think of me with any questions on our web page.