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Mortgage and Lending - Tampa Bay Florida FHA, VA, USDA & Jumbo Mortgages - NMLS#237468
The U.S. Department of Agriculture (USDA) announced they will be increasing the upfront guarantee fee for refinance loan transactions as well as the annual fee on all purchase and refinance Rural Development home loans on October 1st, 2014.    The upfront guarantee fee for the USDA Rural Developm...
We face an environment today in the mortgage industry unlike any other time. The mortgage industry went from, "Have a pulse? Sure, we can get you a loan!" to "Are you willing to give up your first born for this mortgage?". It is not that difficult but going from the days of no-doc loans to full d...
Housing Recovery Back on Track   Key reports indicate that the housing recovery is back on track, while inflation remains tame. The recent stall in recovery may be coming to an end. Housing starts and Building Permits are on the rise. Tame consumer inflation means good news for Bonds. All in all...
Rising Rates Caused by Rising Water Flood insurance rates have already begun to increase for Second/Vacation Owner's flood insurance policies back in January 2013 by as much as 25% per year and are expected to hit all other home owners in October 2013. Florida homeowners and business alike should...
FHA to the rescue...Back to Work - Extenuating Circumstances In an effort to further help the weakened housing market due to the recession and housing bubble burst, FHA has come out with Mortgagee Letter 2013-26 allowing individuals who were affected by the recent economic tragedies. This is amaz...
With mortgage interest rates plummeting to record levels, and home sales plummeting as well, many people have a renewed interest in refinancing for lower interest rates and sometimes shorter mortgage terms. The FHA streamline refinance is a great option for quite a few of them. Here are the rules...
The Federal Housing Administration (FHA) program first began in 1934 in an effort to encourage home ownership despite the difficult economic times of the era. Just like todays economic times, options for borrowers with less than perfect credit is critical to substain an economy as the housing ma...
This may come as a shock to many borrowers, but it's absolutely true. Mortgage interest rates are not set by the Federal Reserve and, contrary to popular belief, mortgage rates are not directly tied to the yields of US Treasury bills, bonds, or notes – including the 10-year Treasury Note. That's...
On May 29th, 2009 HUD/FHA announced the terms of the first time homebuyer tax credit and its use as a down payment assistance program. Read the entire HUD Mortgagee Letter 2009-15 by clicking on the HUD logo off to the right. Reader Beware, like many other ML's, you must be a lawer to dissect thi...
With today's combination of lower home prices, some of the lowest interestrates the industry has ever offered, and the $8000 tax incentive for first-time buyers, buying a home has never been so attractive. The only real hurdle left for many Americans is coming up with a down payment. With this in...

Joshua Lerette

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