We have come through an dynamic 60-day window with long-term mortgage rates rising 1% to the dismay of many buyers – but the million-dollar question is, where do we go from here? In a recent survey of mortgage professionals (Mortgage Rate Trend Survey), when asked what would interest rates do over the next 30 days, […]
How Do Low Mortgage Rates Translate to Dollars?
This is a sobering graphic (courtesy of The KCM Blog): Prices are down, mortgage rates continue to hit record lows, and this is proof that your Naples dream home may be more within your reach than you think. In this example, a home priced at $500,000 in 2006 can now be purchased for closer to $400,000 […]
Shopping for a Naples Home? Get Pre-Approved!
Shopping for a Naples home? If you know you need a mortgage in order to buy, I urge you to obtain pre-approval from a lender first. As a real estate agent, I won’t take you to see homes until you have that pre-approval letter in hand. Why? Because if you see a home you want […]
Home Loan, Refinance Programs Treat U.S. Veterans, Active Duty With a Tender Heart
There is one thing the U.S. is doing right for its veterans and that is VA loans. If you currently serve or have served in the United States armed forces, you are eligible for Veterans Administration (VA) Loans, so long as you haven’t been dishonorably discharged. Also, reservists and National Guard members are now eligible for 100% […]
Home Loan Rates Remain Near Historic Lows as We Welcome 2012
Has there been a better time to finance a home in the past 40 years? As we enter 2012 it is worth a look back at where we were when January 1, 2011 was knocking at our door. At the beginning of 2011 the 30-year fixed mortgage interest rate was just below 5% and at […]
