04.05.08
Posted in Foreclosures at 3:57 pm by Administrator
A lot of homeowners are experiencing tough times right now and one of the questions that I get all the time is about loan modifications. What is it? Should I do it? Will it save my home? If you are currently behind on your mortgage in this current market, it is very tough to refinance to catch up with your mortgage. Lenders have made guidelines very strict and these types of loans are getting harder and harder to find. And if it’s not the lenders, many homeowners have seen the equity in their house drop 15-20% in this past year. If you don’t have equity in the house, you are very limited with options to Refinance.
This is where loan modifications come into play.
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Posted in First Time Homebuyers at 3:14 pm by Administrator
I came across this article from Ted Owen about First Time Homebuyers. At Approved Team Lending, we focus on helping homebuyers purchase their very first home so this article hit home with me. Right now is a great time for first time homebuyers due to low interest rates as well as reduced rates on Purchase Price. Although this article speaks about the California market, Florida has experienced almost identical market conditions so I found it as relevant. Low rates, low Listing Price, and motivated sellers make right now a prime time for first time homebuyers. If you would like more information about buying your first home in Florida, go to www.approvedteamlending.com
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