If you’re buying a home for sale in Riverview and will have to pay private mortgage insurance, or PMI, you’re probably wondering how long you’ll have to make these extra payments. How Long Do You Have to Pay PMI? For a conventional loan, you won’t have to pay PMI for the full length of the […]
If you’re buying a home in Tampa Bay, whether it’s going to be a condo in Apollo Beach, a luxury home in Odessa, or a golf course home in Largo, you need to know which factors lenders consider when they’re deciding whether to extend you credit. That way, you’ll be extremely prepared when it’s time […]
Many experts suggest getting prequalified for a mortgage before you even begin your home search; that’s so you can find out what you’re eligible to borrow and so you can set the appropriate budget for your new home. After you find a home that meets your needs, you’ll take steps to actually apply for a […]
As if homeowners who are facing foreclosure don’t have enough to worry about, a multitude of loan modification scam artists have invaded the internet, public files and even foreclosure notices in newspapers in hopes of targeting their next victim.
Last week’s economic news was mixed, but economic reports for Non-Farm Payrolls and the National Unemployment rate suggest a strengthening labor sector. Pending Home Sales surpassed expectations in May and conversely, construction spending was lower than expected.
Last week brought several economic and housing sector reports including Existing Home Sales, Case-Shiller and FHFA home prices for April, as well as New Home Sales.
With most home prices well above what the majority of us have in the bank, getting approved for a mortgage can be the deal maker or breaker when it comes to purchasing a piece of property.