According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage. While stricter lending standards could be a challenge for some, many buyers may be [...]
If you're in the market for a new home, but you don't want to be stuck with mortgage payments for years on end, there are some strategies that you can use for getting your loan paid down more quickly - in turn, providing yourself with more equity in your property. Going into your new mortgage [...]
For anyone who has purchased a home and had a down payment of less than 20%, it is likely that the lender required you to purchase something called private mortgage insurance, or PMI. Private mortgage insurance is a type of coverage that will protect the lender in case a borrower defaults on their home loan. [...]
Buying your first home can be exciting. Owning a home means that you will be putting your monthly payment towards something with your name on it - not your landlord's. But the thought of going through the actual home buying process - along with getting a mortgage - can be somewhat overwhelming. For many people, [...]
Over the past several years, the U.S. has been set in a time of historically low interest rates - and, while this has been rough for those who are in fixed-income investments, it has provided those who are seeking home loans with a great deal of opportunity for low-interest mortgage loans. Today, however, we are [...]
As more home buyers have entered into the market over the past year or so, one question is on the minds of most - how can you obtain the very best financing? The purchase of a home is a big step for most people - and the majority would be unable to make this dream [...]
Sandy Fox, Realtor at Charles Rutenberg Realty
631 Orlando Avenue, Suite 200 | Winter Park, FL 32789
(407) 234-9551 | Sandy@SandyFoxRealtor.com
