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 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 in specific occupations but has now been expanded to …
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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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Fannie Mae introduces 5% down payment opportunity for multi-family homes!
Exciting announcement: Fannie Mae introduces 5% down payment opportunity for multi-family homes! Calling all aspiring Florida real estate investors! Fannie Mae has made a groundbreaking policy shift to revolutionize your homeownership path. Starting November 18, 2023, they are rolling out a game-changing 5% down …
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What are the qualifications for a Bank Statement Loan?
What is a Bank Statement Loan? For non-traditional wage earners in Florida who do not receive W2 forms, getting a mortgage to buy a home can be tricky. Traditional lenders often require W2 forms and tax returns as proof of income, which makes it difficult for self-employed individuals, freelancers, contractors, and …
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What to watch out for after getting pre-approved for a mortgage
A pre-approval is the first step in the homebuying journey in Orlando for most people who need financing to purchase a new home. A pre-approval involves a mortgage lender reviewing your income, assets, credit, and debt to determine whether you qualify for a mortgage and how much you can receive. Getting a pre-approval …
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