The Florida Upfront Mortgage Broker

– Posted by The Upfront Mortgage Broker in Florida –
Mortgage Insurance Rates Are Rising
Lets begin with what is private mortgage insurance aka PMI? Private Mortgage Insurance is an insurance policy paid by the borrower to the lender every month to cover the loan in the event that the homeowner defaults on the [...]

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Buying a Second Home or Investment Property
– Posted by The Upfront Mortgage Broker in Florida –
If you were planning to convert your primary residence into or buy/refinance a second home or investment property, the rules became a little tougher in August 2008.

Fannie Mae is cautious of homeowners that plan on converting [...]

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– Posted by The Upfront Mortgage Broker in Florida –
Do You Understand Your Property Tax Notices?
I received my property tax notice this week, did you? Did you understand it? It looked similar to the previous ones I received, column after column after column of boxes and numbers with “what if” scenarios included. [...]

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– Posted by The Upfront Mortgage Broker in Florida –
Does the new Housing Bill contain a hidden tax trap? You decide, but I am not so sure that the new Housing Bill is in my best interests.
On Monday July 28, 2008, President Bush signed the Housing and Economic Recovery Act of 2008 into law [...]

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– Posted by The Upfront Mortgage Broker in Florida
Congress Passes Housing Rescue Bill
In late July, Congress passed the final version of the Housing Rescue Bill and President Bush had agreed to sign quickly. Below are some of the highlights from the 694 page Bill.
FHA Housing Stabilization
“Hope for Homeowners Program”
Don’t get too excited. [...]

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– Posted by The Upfront Mortgage Broker in Florida
Orange County, Fl homeowners facing foreclosure can now get help from attorneys for free. The Legal Aid Society is hosting a FREE clinic for homeowners who need legal help during the foreclosure process. The clinic will be held every Tuesday between 1:30pm and 4:00pm at [...]

Topic: Daily News, General information, Uncategorized | 1 Comment

First-Time Home Buyer Tax Credit
Frequently Asked Questions About the First-Time Home Buyer Tax Credit
The Housing and Economic Recovery Act of 2008 authorizes a $7,500 tax credit for qualified first-time home-buyers purchasing homes on or after April 9, 2008 and before July 1, 2009. The following questions and answers provide basic information about the tax credit. [...]

Topic: Daily News, General information, Residential Mortgage articles | 1 Comment