What is Down Payment Assistance? Of the many steps to homeownership, the one that is often the most difficult for credit-worthy first-time homebuyers is coming up with funds for a down payment and closing costs. For example, borrowers with high student loan payments or low to middle income may not have extra cash to …
Fannie Mae and Freddie Mac offer $2500 credit for Florida families
Fannie Mae and Freddie Mac offer $2500 credit for lower income families Fannie Mae and Freddie Mac have announced a $2,500 credit for low-income borrowers to make homeownership more accessible. Fannie Mae and Freddie Mac recognize that down payment and closing costs remain a significant barrier to homeownership for …
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Get rid of debt with a cash-out refinance
What even is a cash-out refinance? A cash-out refinance can provide a valuable solution if you're a homeowner with sufficient equity and some debt to pay off. A cash-out refinance is a home loan that allows you to refinance your existing mortgage while taking out additional cash beyond your loan balance if you have …
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What is an escrow holdback?
What is an escrow holdback, and how can it benefit you? Purchasing a home can be an exciting experience. Still, it also comes with challenges, especially when dealing with a delayed closing due to repairs and improvements discovered during the homebuying process. Sometimes, the loan closing could be contingent upon …
Florida Hometown Heroes program releases $36 Million
The Florida Hometown Heroes Program [contact-form-7 id="b6570a4" title="Hometown Heroes"] The Florida Hometown Heroes (HTH) program is a highly successful initiative aimed at helping eligible first-time borrowers who live and work in Florida. The Hometown Heroes program was initially introduced to assist individuals …
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Understanding mortgage interest rates
Are you considering buying a home in Florida but feeling overwhelmed by the process? There's a lot to take in, from finding the right real estate agent to learning about mortgages. Understanding mortgage interest rates is one of the most critical steps when purchasing your new home. Knowing what influences mortgage …
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