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Mortgage and Lending - Tampa Bay Florida FHA, VA, USDA & Jumbo Mortgages - NMLS#237468
Credit scores arecomprised of five factors. Points are awarded for each component, and a high score is most favorable. The factors are listed below in order of importance. 1. PAYMENT HISTORY - 35% IMPACT Paying debt on time and in full has the greatest positive impact on your credit score. Late ...
The credit scoring model seeks to quantify the likelihood of a consumer to pay off debt without being more than 90 days late at any time in the future. Credit scores can range between a low score of 300 and a high score of 850. The higher the score, the better it is for the consumer, because a h...
Introduction The subject of credit scoring has become an increasingly hot topic, and for good reason. For many years, the general public only associated the concept of credit scoring with the need to purchase high-ticket items such as a new car or a home. Today, credit scoring goes much further....
The following is an article from The National Association of Realtors: Daily Real Estate News | May 18, 2009 Detailed guidance on the federal government's plan to provide short-term loans to borrowers using the First-Time Homebuyer Tax Credit is expected to be out shortly, but a spokesperson from...
If you have been looking to refinance your existing mortgage only to find your value has dropped and refinancing was not an option, help has finanlly arived. In response to the Homeowner Affordability and Stability Plan (HARP), Fannie Mae's Home Affordable Refinance Program, or other wise known ...
With the number of REO properties increasing, Fannie Mae has decided to follow Freddie Mac in offering the HomePath Mortgage. HomePath financing is available for Fannie Mae REO’s with the HomePath logo found on HomePath.com.  There are approximately 200 homes available in the Pinellas County Regi...
Tax Credit for Home buyers First-time home buyers who purchase homes from the start of the year until the end of November 2009 may be eligible for the lower of an $8,000 or 10% of the value of the home tax credit. Remember a tax credit is very different than a tax deduction – a tax credit is equi...
If you're thinking of buying a home, there could be a big bonus for you in the economic stimulus bill that's now before Congress...Again! Among its many provisions is a $7,500 tax credit for first time home buyers. The House passed the $819 billion stimulus plan, including this tax credit, in a ...
We can only hold our breaths as DPAGroundSwell2 was launched January 16th to coincide with the introduction of H.R. 600, FHA Seller-Financed Dowpayment Reform Act of 2009, by Rep. Al Green (D-TX). H.R. 600 is the 2009 version of last year's bill (H.R. 6694) that would restore seller-funded downp...
While the news reports all time low interest rates because of market indicators and market conditions, rates continue to rise...why is this? Well the Bottom line is, lenders and wholesalers alike are swamped. Over the past 24 months, operations staffs have been cut tremendously. Two wholesale len...

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