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Using credit cards to increase your credit score in order to qualify for a new home loan
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The first time Home Buyers tax credit is ending in four weeks. Be sure to close before Thanksgiving or you might just miss out on your $8,000 tax credit
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The medical world is facing reform, so why should the mortgage world be any different. Things are not getting better. In fact since the government has gotten involved, they have gotten worse. We need to go back to traditional, manual mortgage underwriting
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The Mortgage Disclosure Improvement Act is an addendum to the Truth-in-Lending Act. With stricter guidelines governing the disclosure of fees and APR, a broker or lender that is lax on providing documents in a timely manner can really do damage when it comes time to close
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Mortgage laws are getting even more strict while common sense is being thrown to the wayside. Licensing those who are already under a license is not as important as getting the person who is qualified for a mortgage into a new home
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The Mortgage Industry has received yet another face-lift to hopefully improve the current market conditions. And just like previous surgeries, this one is botched, too
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Awareness and healthy tips surrounding the issues of asbestos in Florida
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Part 2 of “Buying a Home in Eustis, Florida” is about the mortgage financing options that are available to potential home buyers in this area. The options cover down payments, credit score requirements, and income requirements, along with the vast range that each attribute has to offer
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Part 1 of “Buying a Home in Eustis, Florida” is about the real estate options that are available to potential home buyers in this area. The options cover location, price, and age along with the vast range that each attribute has to offer
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Your $8000 SHIP has come in. But are you first in line?
By Jason, Jul 06 in Blog, Mortgage News with 0 commentsFlorida changes SHIP to the FHOP in hopes to give first time homebuyers the option to use their $8000 tax credit now. And unless you are first in line, your SHIP will set sail faster then I can lose a dozen golf balls on the Mount Dora Country Club Golf Course
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HVCC, the government’s answer to fixing the housing price situation in an already unstable real estate market. Too bad it does more harm than good. Sign the petition to have HVCC reconsidered
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What good is a pre-qualification or pre-approval if you’re not going to listen?
By Jason, Jun 16 in Blog with 0 commentsPre-qualifications and pre-approvals are a great beginning point for Realtors and home buyers. However, if no one is going to follow the terms of them, then what is the point of asking for them. Going beyond those terms, ultimately leads to a buyer hearing the words, “You are not approved.”
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Neil Cavuto inspired me to write this with his “Damn, You’re Young” commentary the other night. His points were valid and right on target with just how “pretty good” mortgage interest rates still are
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Bond/Trust financing allows construction and development projects to be completed during a three year period without interest being paid or accrued. And permanent financing can be rolled into a 20 year schedule at Prime+2%
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A denied mortgage loan application is not the end of the world. In fact, it is the beginning stage of becoming approved. A denial tells us what is wrong. It is our job to continue working with a borrower to take them from denied to approved
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A look back at the past week in the mortgage industry. Just what is happening and how it is helping, I mean hurting, the borrowers and potential home buyers. HVCC and higher rates are just the beginning
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Buyers know more than Realtors when it comes to buying a home, just like King Arthur knows how to fight a little bunny. A silly story, but in all honesty, this is how some buyers still think in today’s market. The perfect home is quickly becoming a myth again
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Those who waited for the right time to buy real estate have officially dilly dallied a little too long, as mortgage rates are projected to hit a 5 year high. Could these high rates mark the end of the real estate industry
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USDA adjusts its income limits and restructures its per family member system into a two tier bracket. These changes will allow for more borrowers to qualify for 100% mortgage loan financing and be more competitive with FNMA’s HomePath and
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Refinance your Florida real estate’s mortgage loan today. Rates are still low (in the 4% – 5% range for most qualified borrowers) and there are some incredible mortgage loan programs that allow for up to 105% with possibly no Mortgage Insurance (RefiPLUS)
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Broker versus Bank – Why should I use a mortgage broker when I can get my mortgage from the local bank? An often asked question that is simply explained by comparing wholesale to retail. Loan to loan they are the same, but rate to rate and cost to cost they are different
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Eustis, Tavares, and Mount Dora – What are you waiting for?
By Jason, Mar 29 in Blog, Mortgage News with 0 commentsUSDA gets more money for it 100% guarantee loan programs. But time is ticking as the money will go fast due to the large waiting list of loans waiting to be funded. However, Knightlines can still fund even when the money is gone
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Home Affordable Modification – Obama's Plan Approved
By Jason, Mar 04 in Blog, Mortgage News with 1 commentObama’s plan is approved. Homeowners can now lower their mortgage payments. Home Affordable is Fannie Mae’s answer to the problem
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Put off your home foreclosure while the bank has to produce documentation to prove that you owe them. Just demand that they show you to the note
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With all the talk going on about the Obama Homeowner’s Affordability and Stability Plan, it can get quite confusing. Here is a short video doing a decent job of explaining it
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All filings for the Florida Homestead Exemption are due by March 1st. Claim your $50,000 exemption before it’s too late
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When do I refinance my mortgage? Is now the right time? What determines if it is the best option for me? Refinancing is more than just a rate and payment; its a matter of saving money
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An outline of the Homeowner Affordability and Stability Plan that is being proposed by the Obama Camp to help fight foreclosures
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Obama’s Housing Plan to Hold Off Foreclosures
By Jason, Feb 22 in Blog, Mortgage News with 2 commentsObama’s Housing Plan does much to help current homeowners that are upside down in their mortgage, but has some inherent flaws that are not addressed. These same flaws are key players that led us to where we are today… TAXES and
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The American Recovery and Reinvestment Act – President Obama
By Jason, Feb 21 in Blog, Mortgage News with 0 commentsComparing the the first-time home buyers tax credits according to the new stimulus package
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A stimulus package proposal to President Obama, Congress, and Mortgage Lenders that is designed to reward, not bail out, those that are a victim of the current economic crisis yet manage to still do things the right way
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Stimulus Package Approved But No 4% Mortgage Loans… Just $8000
By Jason, Feb 17 in Blog, Mortgage News with 0 commentsObama signed the $787 Billion Stimulus Package today… no 4% mortgage loan interest rates, but there is an $8,000 tax credit for first-time home buyers that buy between January 1 and December 1,
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10 Rights that every borrower in Eustis, Tavares, and Mount Dora, Florida has when they use Knightlines Mortgage Services, LLC as their mortgage company. Whether purchasing or refinancing, these rights are granted to all applicants
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Eustis, FL Home Buyers Eligible For 100+% Financing
By Jason, Feb 15 in Blog, Programs with 0 comments100+% Financing Available to Eustis, FL home buyers. Low rates and low housing prices means now is the time to buy. Call Knightlines Mortgage at 352-308-7219 to get started… TODAY!!!
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Low interest rates and no closing costs are often the cheese offered by lenders/banks/brokers to trap potential borrowers into doing business with them even though they have no intention of honoring the program they applied for
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Lake County, Florida sets a new record for mortgage foreclosures, but it is not all doom and gloom. One must always look at the silver lining to see that this a golden opportunity in today’s market
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Hope Floats Till the Government Gets Involved
By Jason, Feb 01 in Blog, Mortgage News with 1 commentHUD’s FHA Hope For Homeowners may not really be all that hopeful for homeowners. Shared equity could cost homeowners more than they were originally willing to pay. Banks continue to have hope of future gains from current losses
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Lake County (Eustis, Mt Dora, and Tavares), Florida should be seeing real estate sales increasing with mortgage rates at historic lows… that and Cramer saying Florida is raising hopes for US Real Estate. Watch the video
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Real Estate and Mortgages are the pot that never boils when watched. Turn the burners on, walk away, and let your Realtor and Mortgage Professional alert you when the pot begins to boil. But do not wait too long, because eventually a boiling pot does run out of water
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A basic explanation of common mortgage terms
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One lender takes it to the extreme and strips down to its underwear in its attempt to lighten the load and minimize its exposure
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Dear President Obama, While I am a citizen of the United States of America, I firmly believe in the principles of free trade and capitalism. These practices involve the market correcting itself without the influence or involvement of the government. However, I am willing to bend on these principles if you are willing to accept
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Buying Real Estate in Florida – The Misconception About Florida's Taxes
By Jason, Oct 24 in Blog with 0 commentsI’ve lost track of how many times people have mentioned the ‘horrible taxation’ in Florida as a reason not to live here! I have some great news. I don’t know how many of you have head of The Tax Foundation – a non-partisan tax research group based in Washington D.C. In their own words: “The
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Sub-Prime Mortgage Stupidity and the Current Housing Problem
By Marc, Oct 11 in Blog, Mortgage News with 0 commentsA friend of mine – Chris Griffith from Life in Bonita Springs – pointed this video out to me late yesterday. It’s a piece from 60 Minutes that goes into detail about the recent housing crisis and the titanic stupidity of the sub-prime mortgage situation that caused it all. It really is an eye-opener. As a country,
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Our lender, whom which we owe. Oh, how much we owe! The bills will come, The monies all gone, this mortgage we should not have had. Forget this debt, as we forgot our payments, Do not deliver us to the courts Or send us into foreclosure. We would sell, but the market is just not
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Just because you live in Eustis, Mount Dora, or Tavares, you are not immune to this mortgage financing fee that mortgage brokers and correspondent lenders almost always charge. Yield Spread Premium (often referred to as YSP) is quite simply the opposite of buying down an interest rate. For example, if you want to buy down
