To ensure a stress-free mortgage closing, follow these 10 tips: 1. Avoid new credit inquiries. 2. Do not incur additional debt. 3. Make all payments on time. 4. Refrain from paying off collections unless advised. 5. Do not consolidate or close credit cards. 6. Avoid disputing items on your credit report. 7. Document any large […]
Many Americans aspire to homeownership, but financial barriers, particularly down payments, hinder their dreams. A survey reveals that 70% of non-homeowners wish to buy, yet over half lack down payment funds, and 43% have no savings plan. To prepare, potential buyers should calculate necessary savings, consider their timeline, and explore various mortgage options, including FHA, […]
Getting a mortgage with only one year of tax returns is possible for self-employed individuals, but it depends on specific circumstances. Lenders typically prefer two years of income history to assess stability. If a borrower has prior experience in the same field, they may qualify with just one year. Alternatives include non-QM loans, bank statement […]
The Orange County Sheriff's Office warns of a scam where fraudsters pose as property owners with fake documents to sell homes or land through realtors. Scammers often avoid in-person meetings and push for quick deals. Residents are advised to be cautious and skeptical of deals that seem too good to be true. Victims should contact […]
The “11th hour of the 11th day of the 11th month" of 1918 signaled the end of World War I. It's honored as Veterans Day to remember the men and women who have served, and continue to serve during times of war, conflict and peace. Salute to all heroes, and thank you for your service.personnel […]
Slide 1: Florida homes are shrinking fast — new builds are now 16% smaller than eight years ago. Slide 2: Florida ranks top 10 nationwide for biggest drop in average home size since 2017. Slide 3: It’s not about cutting corners — it’s about cutting costs and keeping homes budget-friendly. Slide 4: Rising material costs […]
Buying a home involves evaluating your finances, including income, debt, credit, and savings for a down payment. Determine how much house you can afford using the 28/36% rule, and consider closing costs. Improve your financial standing if needed, explore first-time buyer programs, and understand mortgage types and terms. Get pre-approved, find a real estate agent, […]