Sun Blog: Mortgages & Financing

Mortgages & Financing

FHA Requirements for a Seller

While FHA has relaxed some of the repair requirements for FHA loan approval, there are still many that a seller should consider. If a seller is intent on selling a home "as-is", the seller should be aware of the items FHA will enforce. However, if a seller is still amenable to an FHA mortgage, they should be sure to place a specific dollar cap on repairs that the FHA … [Read more...] about FHA Requirements for a Seller

Buy a home in Southwest Florida

Is 2018 the year to buy a home in Southwest Florida? Analyzing the right time to buy a home in Southwest Florida, otherwise known as "Market Timing", is difficult to calculate. Personal and societal economics are in constant change. Nevertheless, we all need someplace to live and a home is one of our biggest investments. Even if you are considering a second home, it is a … [Read more...] about Buy a home in Southwest Florida

Stay on Track for Home Closing

Closing the sale of a home can be a stressful and time consuming process. The usual time for a home closing from contract acceptance to move in day is between 45 - 60 days. Many buyers moving to Florida are eager to move into their new home and want to speed things along. Whether you have all the time in the world or you wish a fast home closing, you will want to have an … [Read more...] about Stay on Track for Home Closing

Fannie Mae and Freddie Mac Mortgages

Check out these interesting programs for moderate income buyers. If you can't come up with a big downpayment, don't dispair. There are now mortgages for you! If you are a young person or family who is renting a home or condo but wish to buy, you have options. Fannie Mae offers mortgages through a program called HomeReady. Freddy Mac has a program called Home Possible … [Read more...] about Fannie Mae and Freddie Mac Mortgages

College Loans Hurt Buying Real Estate

A report by the Mortgage Bankers Association (MBA) has determined that high student loan debt is slowing the recovery of the real estate market. First time buyers are finding it difficult to meet al their obligations and are delaying the purchase of a home or choosing to rent instead of own. FHA is also changing rules that had helped grads in the past. A rule change that could … [Read more...] about College Loans Hurt Buying Real Estate

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