Financing | Tampa Bay Homes for Sale

What is a Financing Contingency in Real Estate?

If you're like many people buying a home for sale in Tampa Bay, your real estate agent will most likely build a financing contingency into your contract. But what is a financing contingency, and how does it help you? This guide explains. What is a Financing Contingency in Real Estate? Contingencies are conditions that real estate agents often build into purchase contracts to protect their clients. A financing contingency is in place to protect the buyer. With a financing contingency in your … Continue reading...

4 Tips for Finding the Right Mortgage Lender

Especially when interest rates are low, you can go online and see dozens of ads for mortgages each day. If you're in the market for a home loan, it's tempting to click on the ad that shows the almost unbelievably lowest rate. Of course, that's what the lenders want you to do. They are using those low rates to generate leads for their loan business. But there's more to picking the right lender than simply clicking on the lowest rate you see on a screen. Not all lenders or loans are created … Continue reading...

How to Decide How Much to Put down on a Home

Before the foreclosure crisis, it wasn't uncommon for people to buy homes with no money down. The crash of 2008 changed that, however, and the pendulum swung the other way. You almost had to come up with 20 percent of the purchase price for a down payment on a home. While zero-down mortgages may never be as prevalent as they once were, there are low (and no) down-payment options out there. Government-backed loan programs offer zero-down and 3-percent programs, and even traditional lenders are … Continue reading...

5 Things you NEED to Know About VA Loans

Veterans of the U.S. Armed Forces, active-duty service members, reservists and some qualifying family members may be entitled to apply for a VA loan. These loans are backed by the Department of Veterans Affairs, so while the loan is funded through the banks and mortgage companies just like a conventional loan is, the VA guarantees a portion of the loan against loss, enabling the lender to provide you with more favorable terms and making it a desirable choice when buying a home. Here are a few … Continue reading...

Three Trends You Need to Know For Real Estate in 2020

Are you thinking of buying real estate in 2020? If so, you're probably wondering what real estate predictions and trends are forecasted for this turn-of-decade year. 2019 has been fairly good to sellers in many locales, with high demand for housing and limited supply of houses on the market in many places. Lower-priced "starter" homes have been in high demand everywhere. Does 2020 appear to be more of the same and what should buyers and sellers know about the predictions for the coming … Continue reading...

Three Common Credit Report Errors

Have you taken a good look at your credit report recently? If you haven't, you should...even if you know your overall score and are okay with it. There's a lot that goes into credit score reporting, such as how many accounts you have, which lenders the accounts are through, what the balances are, how old your lines of credit are, and other personal details such as name, addresses, if you're a co-signer on an account, etc. It is a tried and true way for companies to take a quick look to see how … Continue reading...

Three Financial Tips For First Time Home Buyers

Buying a home is a time of tremendous excitement and opportunity - but it should also be a time that you prepare for in advance so that you will not experience many bumps in the road, and will be far more likely to actually snag that house of your dreams! Although it is tempting to search for a house first (and there is certainly no harm in looking at what is available) your first priority during this time should be getting your financial affairs in order. After that's done, when you browse, you … Continue reading...

Five Things You Need To Obtain A Mortgage Loan

Getting a mortgage loan for your first home may seem to be a daunting task, but remember that millions have done it and continue to do it - it is not impossible, especially if you know what items you will need and can start gathering them so that you aren't left scrambling at the last minute. Organization can take a lot of stress out of your goals of home ownership, so start early and keep dedicated folders of the documents you will need. Always check with your loan agent, but this is a good … Continue reading...

5 Easy Tips To Improve Your Credit Score

No matter what point you're at in life, it's a necessity to have good credit. It's especially vital if you're thinking of buying a home, but there are many other reasons as well. Some employers even look up your credit score before they will extend you an offer of employment. Fortunately, it doesn't have to be complicated to obtain and keep a good score, but it does require a little attention and discipline. 5 Easy Tips To Improve Your Credit Score Monitor your credit score regularly … Continue reading...

Bank Statement Loans Offer New Hope For Self-Employed Homebuyers In Tampa

Historically, qualifying for a mortgage while self-employed has been challenging. More and more people are being entrepreneurs though. With so many self-employed potential homebuyers in the market, major changes have improved the odds of qualifying for a mortgage while self-employed. Self-employed business owners used to have to show their income for two years by providing their tax returns. That left them with a tough decision. When the year is almost over and profits are shown, should they … Continue reading...

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