Panama City Beach Real Estate Market Conditions
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20.10.09 » First Time Home Buyer $8000 Tax Credit Explained!

This video below does a very good job of explaining the $8000.00 First Time Home Buyer Tax Credit. It is courtesy of the Florida Association Of Realtors.

For some more information in pdf files see:
What you should know about the $8K tax credit

2.10.08 » New Fed Program-HOPE for Homeowners Avoid Foreclosure

Hi folks,

A new program rolled out by HUD could help some homeowners avoid foreclosure. Under the program, the lender of an existing subprime mortgage forgives part of the debt, and the balance is rolled into a fixed-rate FHA mortgage.

25.01.08 » Mortgage Rates Lowest in Four years

Good day all,

Freddie Mac reports that interest rates on 30 year fixed rate loans fell again last week. Now at their lowest level in nearly four years.

Mortgage rates averaged 5.48 percent for the week ended Jan. 24. Down from 5.69 percent a week ago.
Freddie Mac also reports that rates on 15-year mortgages declined to 4.95 percent from 5.21 percent.

4.09.07 » BUSH ADMINISTRATION TO HELP NEARLY ONE-QUARTER OF A MILLION HOMEOWNERS REFINANCE, KEEP THEIR HOMES

News Release
HUD No. 07-123
Steve O’Halloran
(202) 708-0685
www.hud.gov/news/

For Release
Friday
August 31, 2007

BUSH ADMINISTRATION TO HELP NEARLY ONE-QUARTER OF A MILLION HOMEOWNERS REFINANCE, KEEP THEIR HOMES
FHA to implement new “FHASecure” refinancing product

20.07.07 » Mortgage-Loan, Preapproved or Prequalified: What’s the Difference?

 

We get asked this question quite a lot by both sellers and buyers…the following is a good explanation.

Confusing prequalification with preapproval can mean disappointment for both a home seller and a buyer. Real estate experts say it’s smart to urge buyers to become preapproved by their lender – not just prequalified.

16.10.06 » Sellers & Buyers-7 Terms to Watch for in a Purchase Contract

7 Terms to Watch for in a Purchase Contract

1. The closing date. See if the date the buyer wants to take title is reasonable for you.

2. Date of possession. See if the date the buyer wants to move in is reasonable for you.

9.10.06 » Home Buyers-Facts for a Smooth Loan Process

Facts for a Smooth Loan Process

During the loan process, there are a few key DONT’S that borrowers should always follow. Some include:

1. DON’T change your current job without letting the lender know – this may affect your eligibility.

6.10.06 » Four tips-buying a house in a buyer’s market

Four tips for buying a house in a buyer’s market

NORTH PALM BEACH, Fla. — Oct. 6, 2006 — Now is a great time to buy a house. Prices are falling, and so are mortgage rates. Millions of houses are for sale, and sellers are getting anxious.