Financing and Mortgage News

What the NEW “Payroll Tax Holiday” May Cost Buyers In Interest Rates.

During the holidays, you probably read or heard about the debate regarding the two month “Payroll Holiday” otherwise known as, the Temporary Payroll Tax Cut Continuation Act of 2011. If so, you know that it was passed by the Congress and quickly signed by the President. To pay for this two month benefit, which will continue through … Continue reading What the NEW “Payroll Tax Holiday” May Cost Buyers In Interest Rates.

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FHA Loan Limits-Tampa, St. Petersburg, Clearwater, Fl

currently an FHA loan is the best option for most home buyers with little money down. But there are limits on the price of the home….

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Wells Fargo Doctor Home Loan Qualification Details-Tampa, Fl

A New Financing Program Just For Doctors! USF, Tampa General, Memorial Hospital Residency Doctors! Wells Fargo has a new Nonconforming Doctor Program which provides a mortgage for the purchase of a primary residence by qualified physicians who have completed their medical residency within the most recent 36 months. A copy of the medical license is … Continue reading Wells Fargo Doctor Home Loan Qualification Details-Tampa, Fl

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Build A New Construction Home With Little Or No Money Down-Tampa, Fl

Guest Post by All State Homes of Tampa, Fl-A New Construction Green Home Builder since 1955 There are some people that bought vacant land because the price was right, and maybe “one day” they might build a new house. Others bought lots as an investment, and are still trying to figure out what exactly … Continue reading Build A New Construction Home With Little Or No Money Down-Tampa, Fl

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What It Means To You If Congress Caps Mortgage Interest Deductions

5 Reasons it still makes sense to buy a home: By Jeff Diercks, CPA, Tampa Fl President Obama has proposed a cap on the deduction for mortgage interest for high income taxpayers and a rollback of the recently extended Bush tax cuts. According to CNNMoney, “under his proposal, taxpayers in the 33% and 35% tax … Continue reading What It Means To You If Congress Caps Mortgage Interest Deductions

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NEW FHA RENOVATION MORTGAGE LOAN GUIDELINES

NEW FHA RENOVATION LOAN GUIDELINES Many home buyers are getting great deals on short sales and foreclosures here in Tampa, however these homes usually require updates and renovations. With these new rehab loans offered by Wells Fargo, you can turn your newly purchased home into the house of your dreams with little or no money … Continue reading NEW FHA RENOVATION MORTGAGE LOAN GUIDELINES

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New Lower Minimum Loan Scores Allowed for FHA Financing

Image via Wikipedia Wells Fargo has rolled out their new guidelines for FHA financing. The positive news is that anyone who needs a mortgage and has a 600 or less credit score may qualify for FHA financing based on the below criteria. Unfortunately, if you have gone through a short sale process and still have … Continue reading New Lower Minimum Loan Scores Allowed for FHA Financing

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What Will YOU Do When Your Interest Only Loan Expires in 2011?

Those of you who got interest only loans back in 2005 for a 6 year or 7 year term will need to make an important decision soon. Well, it may not be as easy as you think. 1. REFINANCE? You may say, “I’ll just refinance I have good credit.” Sorry to say that if you have an … Continue reading What Will YOU Do When Your Interest Only Loan Expires in 2011?

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Florida Law: How Do You Assign a Mortgage?

The 2009 Florida Statutes Chapter 701 ASSIGNMENT AND CANCELLATION OF MORTGAGES 701.02 Assignment not effectual against creditors unless recorded and indicated in title of document; applicability. (1) An assignment of a mortgage upon real property or of any interest therein, is not good or effectual in law or equity, against creditors or subsequent purchasers, for … Continue reading Florida Law: How Do You Assign a Mortgage?

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60 Minutes News Story-What is Strategic Mortgage Default?

Strategic Default: Walking Away from Mortgages – CBSNews A million Americans who could afford to pay their mortgages on homes `underwater` walked away instead. Morley Safer reports. (CBS) Despite some indications that the economy is recovering, the housing market remains a disaster area. Currently, about seven million homeowners are behind on their mortgages and that … Continue reading 60 Minutes News Story-What is Strategic Mortgage Default?

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Selling a Condo in Tampa Bay, Fl Could Get Easier-New Lending Rules

Wall Street Journal Report Freddie Mac Eases Rules for Some Florida Condos Freddie Mac said on Wednesday it would relax some rules that have made it harder to get mortgages for condominium units in Florida. The move could make it easier for some owners to sell their units. Last year, Freddie Mac and its larger … Continue reading Selling a Condo in Tampa Bay, Fl Could Get Easier-New Lending Rules

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