QUICK GUIDE GUARANTEED RESIDENTIAL LOAN USDA, RURAL DEVELOPMENT – FL/VI Updated July 5, 2011 Features Benefits No down payment Borrowers without savings, or who wish to retain their savings qualify 100% financing 100% LTV without the fee included. Exceed 100% by amount of RD fee financed. Loan not limited by contract Wrap closing costs into [...]

A Home Equity Conversion Mortgage (HECM) is a type of reverse mortgage that can be used to allow a buyer to get into a home with no requirement to repay the loan and no credit requirements! Reverse mortgages have been around for many years but have always been a tool for a property owner to [...]

The number of foreclosures continues to decline throughout the country. Reports from the Mortgage Banker’s Association, RealtyTrac, and other sources are showing a steady decline in both new foreclosure filings and the number of properties in the foreclosure process. The data mirrors our local information as we watch the local foreclosure count declining. In fact, [...]

The West Volusia Association of Realtors recently released their monthly stats. The video sows that inventory has been reduced by 25% while pending sales have increased by over 50%. Median sales price has continued to decline but at a much slower pace in comparison to previous years.

Don Mastro from Bank of America says that interest rates are moving up. Recently as low as 4.5%, we’re seeing them move up and approach 6%, he says. This is important information for anyone who is considering buying a home as the costs are increasing eavery day. In fact, there have been several rate increases [...]

Are interest rates currently at historic lows? Is it just the Fed Funds Rate or are conventional mortgages following suit?

Everyone Wants a Lower Price, But What About the Impact of Interest Rates?