Are You Planning to Buy Your First Home in Coral Springs?

If you’re a first time home buyer and are planning to settle down in Coral Springs, FL, then you’ve made a great choice. Coral Springs is a beautiful community. With one of the lowest crime rates in the US, it is a wonderful place to raise a family. Coral Springs residents are educated and successful people from a variety of backgrounds. Now that you’ve decided where you want to live, you’re ready to start searching for the right home! Looking for a first home is exciting, but it can also be confusing and stressful, especially in today’s uncertain housing and financial markets. Most new home owners these days start their search by looking at real estate listings on the web. There are many sites that can help you get an…

FHA Loans in South Florida

Recent years show a decline in the housing market, a financial credit crisis and a subsequent tightening of underwriting guidelines, particularly applied to conventional mortgage loans. Those institutions known for sub-prime loans have either disappeared or severely limited their offerings. These realities – coupled with a fluctuating foreclosure rate – may discourage first-time homebuyers and others without the strongest applicant profiles from purchasing or refinancing in the current climate. Not to worry, FHA loans are still widely available to many borrowers who have run out of conventional options. Guaranteed by the US Department of Housing and Urban Development’s Federal Housing Administration, FHA loans provide home ownership pathways to borrowers while affording security to approved lenders. The first thing a prospective borrower notices when considering an FHA mortgage loan is the…

Florida Mortgage Loans Broken Down.

Purchasing a new home ranks as one of the most nerve wrecking undertakings. It also one of the most satisfying and accomplished purchases people make in their lives. Since the majority of us do not have the kind of capital needed to buy the home of our dreams, we rely on the ability to acquire a home loan that gets us in the home we always desired. Florida’s real estate market always finds a way to boom after it lulls because the state as a whole is an attractive place to live in general. It is for this reason as well as others that loan companies are able to offer loans with reduced interest rates and a variety of different loan structures that can help make the acquisition of a…

Loans Coral Springs FL: Home Sales in Florida are More Solid Then You May Think.

The home sales market is strong contrary to popular belief. According to the National Association of Realtors, and the real estate trade groups, thirty two percent of home sales were made by first time home buyers. Additionally thirty three percent of home sales were made with cash or no mortgage, and thirty percent of home sales were on foreclosed homes or short sale homes. If this wasn’t intriguing enough, it is reported that over four and a half million homes were sold in February on an annualized seasonally adjusted basis. This report signifies a nine percent rise compared to the prior year.     With only a little under two and a half million homes for sale in the nation, which in itself is a nineteen percent drop from last…

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