Month: September 15, 2012

Refinancing Coral Springs, FL: Underwater on your Mortgage? Do Not risk Short Sale; Reaffirm your Finances with a FHA Streamline Refinancing

What does it mean to be underwater on your mortgage? Simply stated, if you owe, on your mortgage, more than your home is actually worth, then you are what is called “underwater.” Another name for this is negative equity. No matter what you call it, being underwater can be a seriously frustrating situation. What’s worse is that this is an all too common situation. Recent reports from CNN Money have held that one in five homeowners are underwater in their mortgages. The reason this can happen and has happened in the recent recession is that people have bought home in the early 200’s and over the past few years, their homes have depreciated in value to below what they owe. There are two main options for a homeowner in this…

Mortgage Coral Springs, FL: Florida Home Purchasing and Mortgage Financing in 2012

A recent analysis of Florida Pending Home Sales graph has suggest that home buying and the overall market for purchasing homes in Florida is increasing at a nice rate. In fact, it’s the highest it’s ever been since 2001. What a strengthening housing market means is that average potential home buyer is much more likely to buy a home in the current market. This is good for many reasons but the most important benefit to the individual buyer is that as the market increases and more people are buying homes, the average prices for homes, and mortgage rates, are low. So if you’re looking for a new home in Coral Springs, FL then you’re looking in the right place. Once your real estate agent and you have found a home…

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