http://beechtreemortgage.com/florida-mortgage-expert Florida Mortgage Expert Advice Wed, 10 Mar 2010 20:24:32 +0000 http://backend.userland.com/rss092 en Searching  for a great deal on your first or next FL home mortgage?  How about buying your next home with less than is required for an FHA mortgage and without the need for any PMI, private mortgage insurance?  Less You need to consider buying your next home from those listed on ... http://beechtreemortgage.com/florida-mortgage-expert/2010/03/save-more-money-on-your-next-fl-mortgage-and-with-less-hassle/ Word on the street is that fixed interest rates for home buying shouldn't start significantly increasing for the next 6 months.  That's great news considering interest rates are still available in the very low 5% range for qualified buyers seeking a FL FHA loan, VA home loan or Fannie Mae conventional  mortgage; and with ... http://beechtreemortgage.com/florida-mortgage-expert/2010/03/low-fixed-rates-low-home-prices-and-low-debt-ratios/ Many FL home buyers are calling to simply ask what current credit score requirements are for Fannie Mae, FHA or other types of home loan financing.  Generally speaking, in today's restrictive lending environment, FL home buyers need to have established a good credit history usually evidenced with favorable credit scores.  ... http://beechtreemortgage.com/florida-mortgage-expert/2010/03/less-than-perfect-credit-may-be-ok-with-fl-va-home-loan/  After 14 years as a FL mortgage professional, I have experienced countless changes in our industry.   Mortgage programs were created such as interest only fixed rate loans, or the notorious pay option ARM.  Stated income mortgages, meant for self employed borrowers, became available for salaried home buyers.  And no document type mortgages were ... http://beechtreemortgage.com/florida-mortgage-expert/2010/02/making-mortgage-sense-in-florida/ In today's ever tighter mortgage guideline environment, many home buyers are are learning that yesterday's adage or question "What's your interest rate?" has been replaced with "Can you close my loan?"  Rate is out and getting the job done is in. FL mortgage underwriting of credit histories and scores; income evaluations or ... http://beechtreemortgage.com/florida-mortgage-expert/2010/02/dont-risk-your-next-fl-home-closing-over-an-interest-rate/ Our great state of Florida offers many military benefits for Veterans seeking to purchase their new FL home while using their VA Entitlement for a FL VA mortgage.  I want to share the following FL VA specific benefit information for qualified Veterans seeking a FL VA home loan.  There are specific FL ... http://beechtreemortgage.com/florida-mortgage-expert/2010/02/fl-tax-exemption-for-qualified-veterans/ One of the most popular FL mortgage programs happens to be one of the best ways to buy a FL home with the least amount of down payments and less hassle.  Whether you are a FL first time home buyer; searching for a second home or vacation home; or want ... http://beechtreemortgage.com/florida-mortgage-expert/2010/02/homepath-for-your-next-fl-home-purchase/ Successful FL Realtors depend on  FL Mortgage Professionals to stay informed of current mortgage related guideline changes.   Last week we were speaking with the top producing Realtor team in West Volusia County.  We learned that many home buyers were asking for low down payment options; so we broke it down from one ... http://beechtreemortgage.com/florida-mortgage-expert/2010/02/the-1-question-fl-realtors-ask-their-buyers/ Starting January 1st, 2010, Realtors, Title Companies and Mortgage Professionals are going to engage in entirely new procedures with their first time home buyer clients.  We are not only going to experience new mortgage Good Faith Estimate formats and final HUD-1 Settlement Statements; but the way we do business will shift entirely. The revised requirements, compliments of new RESPA ... http://beechtreemortgage.com/florida-mortgage-expert/2009/12/pre-approvals-become-extinct-in-2010/ Aimed at providing clearer upfront mortgage disclosure with easily comparable standardized Good Faith Estimates;  the RESPA 2010 rules begin January 1st.  One of the enhancements is enforcing quoted lender or bank fees, with a "no tolerance" rule.  That is, once you have received your Good Faith Estimate, the mortgage lender or banks charged fees ... http://beechtreemortgage.com/florida-mortgage-expert/2009/12/mortgage-good-faith-estimates/