Home financing may be getting easier for homebuyers. One of the mortgage companies here in the Tampa Bay area that I’ve been working with is Caliber Home Loans. They are a portfolio lender that adheres to all standard loan program guidelines but also has portfolio...
A new 3% down conventional mortgage will be offered to first-time home buyers, but there’s a catch! First, let’s break down what is considered a first-time home buyer. Fannie Mae considers a first-time home buyer someone who has not owned a home in the...
What is hard money and how do you find a lender? Hard money is an equity based real estate loan that should only be used short term or when you or the property cannot qualify for Conventional, Jumbo, VA or FHA financing. For instance, if the homeowner has filed...
If you’ve been putting off buying a home due to a previous foreclosure, short sale or bankruptcy you may now qualify to purchase a home! If you could use a fresh start at homeownership, Prospect’s Second Chance MortgageTM might help qualify buyers for home...
Jumbo Loans and Financing: 6 important steps to apply for jumbo loan in Tampa Jumbo loan rates have recently become very competitive with regular loans. Some banks are now offering lower rates and financing costs, and million-dollar homes in Tampa are becoming a...
Can Shopping for a Mortgage Hurt Your Credit Score? Tips to avoid negative effects on your credit while buying a home. The short answer: If you do it right; no, your credit score will not suffer during the home buying process. Your credit history is your credit...
