For Lake Mary home owners that need a little bit extra deduction on their income taxes because of the ailing economy, this might be the little extra bonus you need. You see, for most Americans, mortgage interest paid on home loans secured by Lake Mary real estate is tax-deductible in the year in which it [...]

Finding the best Longwood mortgage interest rates can be tricky business… locking them in before the market swings makes it even more so! Each Wed., the Mortgage Bankers Association [MBA] releases its Weekly Applications Survey which gives a detailed look at the new mortgage applications done over the last seven days. A recent interest rate [...]

If the presence of inflation causes mortgage rates to rise, then the absence of inflation should cause mortgage rates to fall. And, in most markets that’s true. Today, it’s not. Despite a deep, month-over-month dip in consumer prices not seen since 1947, Altamonte Springs mortgage rates not steady by any stretch of the imagination…  they [...]

So you wanna deal on Longwood Real Estate. I completely understand… I do to, in fact with the gloom they are painting for retail this Christmas [and Yes, iI am one of the ones still willing to CALL it Christmas] I have thought about scooping up a deal on one of those super-duper flat-screens… but [...]

Foreclosure – especially in Florida is a hot topic among the press lately and it is interesting to see a staggering number of the sales in today’s market are comprised of foreclosures and/or short sales… especially in South Florida.  It’s hard to turn on the TV or open up a paper without seeing a sensationalized [...]

SO how are the evil mortgage products doing?  Huh, they may actually be better than the fixed products?  Maybe they aren’t evil after all… just different. It is true that some of the wrong people got bad advice from some neophyte mortgage ‘professional’, but the good news is that those folks are back waiting tables. [...]

Conforming mortgage guidelines are the Home Loan Rule Book for Longwood real estate, Lake Mary real estate… and well… pretty much anywhere these days. This Orlando Home Loan ‘Rule Book’ helps in delineating between applicants that get approved for an Orlando mortgage and those that do not. Well, the rule book just got a little [...]

By Michael Dale – Vice President, Dave Brewer Realty, Inc. Wow, given the recent dramatic economic events where do I begin; the stock market, the mortgage market, the secondary mortgage market as represented by Fannie Mae and Freddie Mac? Each of the aforementioned have so overwhelmingly impacted our economy let alone our housing market. Many [...]

Do they go to a special school to ‘speak FED’??? Good Lord, fellas… we gotta be able to understand this stuff to be able to respond appropriately… or is that not what you want? LMAO Well, the Federal Open Market Committee voted to cut the Fed Funds Rate by .5% today. The benchmark rate now [...]

Not to be an alarmist, but with the new requirements… it may just be impossible for some to get conventional financing… In an effort to limit risky borrower behavior, however, Fannie Mae announced a new round of mortgage guideline alterations last week. Unlike the previous 20+ updates that: raised income requirements and raised minimum credit [...]