Panama City Beach Real Estate Homes, Condos For Sale and Other Things
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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

2009 First-time Homebuyer Tax Credit IRS Form 5405 (PDF)

We hope the video and the pdf files answer some of your questions with regard to the $8000.00 First Time Home Buyer Tax Credit!  Read more... (106 words, 0 images, estimated 25 secs reading time)

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.

The HOPE for Homeowners program will refinance mortgages for borrowers who are having difficulty making their payments, but can afford a new loan insured by HUD’s Federal Housing Administration (FHA). The program begins October 1, 2008 and ends September 30, 2011.  Read more... (179 words, 1 image, estimated 43 secs reading time)

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.  Read more... (99 words, 1 image, estimated 24 secs reading time)

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

WASHINGTON – President George W. Bush today announced that HUD’s Federal Housing Administration (FHA) will help an estimated 240,000 families avoid foreclosure by enhancing its refinancing program effective immediately. Under the new FHASecure plan, FHA will allow families with strong credit histories who had been making timely mortgage payments before their loans reset-but are now in default-to qualify for refinancing.  Read more... (875 words, 0 images, estimated 3:30 mins reading time)

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.  Read more... (195 words, 1 image, estimated 47 secs reading time)

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.

3. The earnest money. Look for the largest earnest money deposit possible; since it is forfeited if the buyer backs out, a large deposit is usually a good indication of a sincere buyer.  Read more... (196 words, 0 images, estimated 47 secs reading time)

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:  Read more... (164 words, 0 images, estimated 39 secs reading time)

1. DON’T change your current job without letting the lender know – this may affect your eligibility.
2. DON’T make any major purchases (such as a car or furniture) prior to closing – this may impact your qualification ratios.

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.

That’s one way of looking at it.  Read more... (1391 words, 0 images, estimated 5:34 mins reading time)