5 Common Home Buying Mistakes

(1) Not getting a mortgage pre-approval.  This is step one period. (2) Shopping for a home you cannot afford.  Know your budget and don’t go over it.  (3) Using a shady mortgage lender.  Incompetent lenders will blow up your home purchase.  (4) Submitting a lowball offer.  Many home sellers will not even respond. (5) BuyingContinue reading “5 Common Home Buying Mistakes”

Foreclosure Filings Increase 20%

Nationally, October saw a large increase in foreclosure filings from the previous month. Miami was in the top 5 cities nationally.  Some homeowners may be unaware that mortgage lenders have instituted forbearance programs and loss mitigation departments to help struggling homeowners due to COVID-19.  Please contact Ed Curry at 941-799-9440 if you are thinking ofContinue reading “Foreclosure Filings Increase 20%”

Forbearance Plans Drop to New Low

Forbearance, (when mortgage lenders allow you to delay payments for a specified time) rates are at a 7 month low.  Many homeowners took advantage of forbearance plans in the early Spring due to COVID-19.  Mortgage forbearance plans make up almost 6% of all mortgages which is the lowest rate since April when it was 3.74%. Continue reading “Forbearance Plans Drop to New Low”

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