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Mortgage Term Glossary for Tampa Bay Home Buyers

Mortgage Glossary for Homebuyers - Tampa Bay Homes for Sale

If you’re like most people, you’ll need to borrow money from a lender in order to buy a home in Tampa Bay. That means you’re going to hear a lot of new terms floating around when it comes to financing… but what do they all mean? Check out our mortgage term glossary to make sure you can pick up what your lender is laying down. Mortgage Term Glossary for Tampa Bay Home Buyers Adustable-Rate Mortgage An adjustable-rate mortgage is a loan with an initial fixed-rate period; after that, your … Continue reading...

Posted in: Blog, Buyers, Mortgages Tagged: Adujstable-Rate Mortgage, Amortization, Appraisal, ARM, Closing Costs, Deed, Discount Points, Earnest Money, Fixed-Rate Mortgage, Mortgage Glossary, PMI, Points, Principal, Private Mortgage Insurance, Title Insurance, Title Search, Underwriting

Three Tips for Reducing Your Closing Costs if You’re Looking Forward To Buying a Home in the Spring

Spring is aproaching fast and it is usually the busiest time of the year for home buying. After a long and cold winter, many people are ready to enjoy the nicer weather and begin to shop for a new home. Spring is also the perfect time for home buying for families with children because it allows them to move during the summer without interrupting school. Home buying has costs associated with it other than the mortgage itself. Known as closing costs, these fees are a part of the home buying … Continue reading...

Posted in: Blog Tagged: Buying A Home, Closing Costs, Home Mortgage Tips

Buying a Home with a Mortgage? A Quick Guide to Closing Costs and What to Expect

Whether you're just starting to shop for a new home or you've already found the perfect new house and you're ready to submit an offer, if you're taking out a mortgage loan to cover some of the home's purchase price you should be aware of the various closing costs you may encounter. In today's blog post we'll share a quick guide to closing costs and what you can expect to pay when you buy a new home. What Closing Costs Do Buyers Typically Pay? As you move forward in the home purchase process … Continue reading...

Posted in: Blog Tagged: Closing Costs, Home Mortgage Tips, Mortgages

Closing Costs: Understanding What It Costs to Close on a Home and What You Can Expect to Pay

If you're in the process of buying a new home, you've likely heard the term "closing costs" in regards to the many different fees and taxes that you'll be required to pay during the purchase process. In this post we'll look at a number of these closing costs and what you will be expected to pay when you buy that next dream home. Taking out a Mortgage? There Will Be Fees Attached If you're taking out a mortgage to finance the cost of buying your home you'll end up incurring a variety of fees. … Continue reading...

Posted in: Blog Tagged: Buying A Home, Closing Costs, Home Buying

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RE/MAX ACR ELITE GROUP, INC. Hillsborough

13907 N. Dale Mabry Hwy., Ste. 101
Tampa, FL 33618
Office (813) 961-6000
Fax (813) 961-6016

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1465 S. Ft. Harrison Ave, Ste. 100
Clearwater, FL 33756
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