Archive for the ‘First Time Home Buyers In Spring Hill FL’ Category

postheadericon Is It Cheaper To Buy A Home VS Renting A Home?

Rents in Spring Hill Florida continue to rise, however mortgage rates are still historically low. With house prices starting to rebound in Hernando County this may the best time in years to purchase a home in Spring Hill FL! For quick a quick Mortgage Approval contact us at 352-688-7949 or apply online at www.e-loanmortgage.com

Steve Fingerman

President E Loans Mortgage

352-688-7949 Office

727-946-0904 Cell

NMLS# 856640

postheadericon Finding The Perfect Mortgage In Hernando County

Spring Hill Florida Mortgage Lenders

Need A Mortgage In Spring Hill FL?

Today, it seems many lenders are offering a mortgage to those that are looking to purchase a home. There are mortgage lenders here and there, offering the ‘lowest rates’ the ‘best financing’ and the “best terms” but what is the truth to all of this? Many times, people find themselves lured into advertising and that is probably one of the worst things that you can do. Instead, when looking for a home loan, carefully think about what you are getting in the loan first.

There are several aspects that should be carefully considered when looking at a mortgage offered by any of the lenders there. Everyone should take the time to carefully consider these things as they will determine just how much money they will ultimately pay for their home as well as the experience they will have.

Lender-with-mortgage-paperworkInterest rates are by far the most important aspect of the home loan. This is the charge, the cost of doing business with the financial lender. This dollar amount is going to cost a different amount of money from each lender as most will offer a different rate from each other. What is important to consider is the difference that is evident from one lender to the next. Often, cutting down the rate just slightly can save thousands of dollars in the long run.The terms of the loan are also an important feature. The longer the loan is, the more interest will be charged to it and the more costly it will become. What many people think about though is the cost of the home’s monthly mortgage payment. The longer the terms of the loan are, the lower the monthly payment amount will be. Carefully find the best terms here so that you can make your monthly payments but that you can pay off your loan as quickly as possible too.</li><li>Customer service and experience is very important as well. If you do all of your banking on the web, you’ll want to make sure that this lender will offer that option to you as well. If you call the company to get a quote, they should provide you with the best of service. If they do not do it now (or you have to stay on hold for excessive time) then that is what you will get later on too.fannie-freddie

The home loan that you select should have the best combination of these features. The better your interest rate is the lower the amount of money that you pay for your home is. There are many other things to consider as well, but this is the ideal topic that you need to know to get started with. Use the tools that are provided to you, such as a loan calculator to help you to determine what the loan will ultimately cost you. With so many lenders out there, looking for your business, you should provide your business to those that can offer you the best rates, the best terms and the overall best options to consider. A mortgage can be very costly if you do not pay attention to these details.

postheadericon 30 Year vs. 15 Year Mortgages

Loan-CrossingDiscussions of mortgages often focus on interest rates, but there is a much more basic decision to make. Should you go with a 30 year mortgage term or a 15 year mortgage term?

30 Year vs. 15 Year Mortgages

Any discussion of mortgages tends to turn on two points. How can you qualify for the most money with the lowest payment? How can you get the lowest interest rate for the mortgage? While these are two important issues, there is an addition one that people fail to consider, resulting in significant wasted money.

The term of a mortgage is extremely critical for a couple of reason. First, it sets the length of the obligation you are undertaking. Second, it defines the amount of interest you are going to pay over the life of the loan. These are huge issues when it comes to building equity.

The longer the loan, the more total interest you are going to pay. The trade off, of course, is you are going to have smaller monthly payments the farther you stretch out the obligation. While this may sound like a good goal when you first get the mortgage, it can backfire on you in the long run.

Most people focus on interest rates as a way to save money on mortgages. This is a valid approach, but playing with the length of the loan is a better way to save money. If you can cut the payments in half by going with a shorter loan, you can save huge amounts on the total interest repaid to a lender.removing-fear640x392jpg

The decision on the term of the loan is relatively simple, but entirely dependent upon your personal situation. There is no absolutely correct choice. First, you need to determine if you can comfortably afford the higher payments that come with a shorter term loan. In general, a 15 year mortgage will have payments 20 to 25 percent higher than a 30 year loan. Of course, you will pay the loan off faster, to wit, be building equity in the home quicker.

The modern mortgage industry has a variety of different term length products. When applying for a loan, take the time to evaluate the different terms to see if you can find a loan that is perfect for your situation.

postheadericon E Loans Mortgage- Mortgage Financing in Tampa FL- We Close With Them Style

E Loans Mortgage in Spring Hill Florida is your number one go to source when it comes to closing mortgages in Tampa FL

 

Here’s a little video we just put together. The team here had a blast shooting this one. Check it out, hope you like it!

 

 

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postheadericon Multiple Offers Are Here In Spring Hill FL, Here’s How To Beat Them!

Taking The Stress Out Of Real Estate

Beating Competitors When Multiple Offers Surface On Spring Hill FL Real Estate Listings

 

Part of the recovery in Spring Hill FL real estate scene is the increasing likelihood of multiple offers on a listed property. This is every seller’s dream— but if you are one of the bidders, it’s important that you don’t allow it to become your nightmare.

There is one way— the only sure way—to keep the specter of competing Spring Hill FL multiple offers from upsetting your home buying prospects. Summed up in one word, it’s “preparation.”

Preparation starts with assembling a strong financial package. If your target property attracts multiple offers, you want yours to stand out. By the time you learn that other offers are at hand, it’s probably already too late to begin putting together documents—they should be in hand before you even identify a property. Getting pre-approval for your loan in Hernando County, having a letter that says so, and being able to show you have funds available can be persuasive. E Loans Mortgage is a local lender in Hernando County and can help by going even a step further and give you a full underwriting approval. Having that in hand shows a seller or asset manager that you mean business. Believe it or not this in itself can be the difference in getting the deal or not.

When it comes to making the offer itself, although including “Subject to” clauses will protect you from unforeseen problems with the property, when multiple offers are on the table, the fewer contingencies the better. Again, only preparation will make this reasonable. If you’ve had an advance home inspection, and also made sure that there aren’t any right-of-way or easement issues, your offer can be significantly more attractive.Lake In The Woods

Personal preparation can be another positive. Visiting the property on several occasions at different times of the day should give you added confidence for what the home is truly worth to you…and when the listing agent and owner can put a face to your offer, it tends to strengthen its validity.

When multiple offers on a Spring Hill FL property occur, it’s possible that someone is going to bid more than the home is really worth. If you’ve done thorough research and know precisely what its value is in today’s market, that won’t be you. Having your bottom line number unshakably in mind means that in any bidding war, you’ll be able to sweeten your offer without hesitation. You can be creative, perhaps by offering to reduce the seller’s costs by picking up escrow fees, transfer fees or title policies; perhaps by offering the seller a few additional days to move without seeking financial compensation in return; perhaps by increasing the down payment or earnest money. When you know your bottom line, the arithmetic is uncomplicated (and your less-prepared competitors are more likely to throw up their hands!)

Agent TrustAnd then…should the bidding go over what you know it’s worth, you’ll be ready to walk away. There will be other properties to bid for – and we are always here to help keep all your options open!

postheadericon Foreclosures In Spring Hill Florida, A Diamond In The Rough?

 

Spring Hill Florida Bank Owned

Homes: Buying Opportunity

 

“Fixers” Reward Patience, Prudence, and Realism

 

These days the words “bank owned homes” have become practically synonymous with a single word: “opportunity.” With prices and mortgage rates this low, first time home buyers, investors and seasoned property owners alike are looking at a raft of buying options unlike any Spring Hill Florida has seen in a very long time.

Hernando County Real Estate

Hernando County Real Estate

 

That option of buying a bank owned home has certainly opened a viable route for those looking to own a home at the fraction of what it cost just a few years ago. But not without a price: the best Spring Hill Florida bank owned home bargains are almost certain to fall into the ‘fixer-upper’ category.

 

When considering the purchase of one of our Spring Hill Florida bank owned homes, I’ve found that my most successful clients have a few qualities in common:

patience – they wait until they’ve found a house that suits all their needs

prudence – they resist the temptation to take out too big of a loan

realism – they know how much hard work they will be willing to put into the house

 

Finding the right fixer-upper should be approached as a process: in other words, never buy the first home you see until after you’ve checked out some of its competition. There are more foreclosures on the market than ever – a phenomenon that works to your advantage. When you do find the right home, make sure to take out a loan that makes sense. Often people who are in a hurry to buy a house are tempted to take out a loan without giving enough consideration to its immediate and long-term implications. Being coolly realistic as you work out the numbers will pay off for a long time.

 

Once a bank owned home is officially yours, the hard (often fun!) work begins. Buying a home in need of repair has always been the surest way to find a deal, but it is also the way to improve or develop home maintenance skills, bond with family members, and keep a tight rein on the family budget. Here, too, you need to be careful not to get carried away– you don’t want to overbuild or overdevelop beyond what is appropriate for the neighborhood setting. In other words, keep your end goals in mind. My advice to clients varies depending on their individual needs: Is it an income property? Or the family home for the next 15 years?

 

Foreclosures show no signs of slowing down in the near future, so this May’s buying market is opportune. If you’re considering buying a bank owned home in Spring Hill Florida, call me today to go over your options and to put a plan into action!

Tina Fingerman:

Professional Realtor

Agent Trust Realty

727-946-2348

Steve Fingerman:

President

E Loans Mortgage

NMLS # 276682

727-946-0904

postheadericon Spring Hill Florida Real Estate, Is Owner Financing A Good Deal Or Not?

Spring Hill FL Owner Financing: Good Deal or Not A Good Deal?

Housing Affordability at All-Time Highs

Spring Hill FL For Sale by Owner Pros & Cons

 

Bear with me on these numbers: they are meaningful to Spring Hill Florida home buyers and sellers alike. One of the most meaningful calculations The National Association of Realtors®makes is the Housing Affordability Index. An Index value of 100 means that the average (actually, ‘median’) family’s income is exactly the right amount to qualify for a typical 20% down mortgage on a median-priced home. It would be tight, but doable.

That’s what a “100” means. In the latest report this spring, the Index across the whole country was higher than 200! … 204.3, to be precise. Up there in “never-before” territory. And it’s been there since January!

Yet banks are still not lining up to approve mortgages – for the number of reasons we’ve talked about before. It’s why some buyers and sellers have started to look for alternative ways to sell and buy a home; and begun to look in the “for sale by owner” (“FSBO”) realm.

Spring Hill Florida homes for sale by owner aren’t being sold through a licensed agent, forcing a potential buyer or his agent to deal with the seller directly. If the home has sat on the market for an extended period and the homeowner does not have a mortgage to pay off, a buyer can sometimes interest the seller in owner self-financing. In such a deal, the buyer gives his or her down payment and installment payments directly to the seller. As anyone would guess, this approach has its own special Pros and Cons.

The biggest Pro for the buyer is, obviously, easier financing. The biggest Pro for a seller is the potential to make a sale where none was possible before. As can be inferred from the Affordability Index, many people can afford a mortgage, but cannot find a traditional lender.

But speaking of problems, there are some ‘Cons’ to consider. If the buyer stops making payments, the seller must evict and foreclose on the property — both time-consuming and costly procedures. A For Sale by Owner financing deal gone sour is especially problematic if the seller is dependent on the income from the home. And buyers need to pay attention, too. When dealing with a For Sale by Owner transaction, there are a variety of potential legal loopholes and title issues that traditional sale and mortgage disclosures and contracts are specifically set up to avoid.In all cases, it is wise to consult a trusted financial professional and attorney before signing anything.

While a home listed For Sale by Owner with attractive terms (like owner financing) can be attractive, having a licensed real estate and mortgage professional on your side can make all the difference.If you are considering buying or selling in Spring Hill Florida, we are always here to be your real estate resource!

Profile picture for Tina and Steve Fingerman

Steve & Tina Fingerman

Agent Trust Realty

E Loans Mortgage

4117 Mariner Blvd.

Spring Hill FL, 34609

Tina: 727-946-2348

Steve: 727-946-0904

postheadericon FAIR Files Additional Lawsuits Against Florida Home Owners Insurance Carriers

Thank You Channel 10 News For Continued Coverage. FAIR is commited To Bringing Balanced Reform For Florida Home Owners. For Information On Joining The Class Action Please Click On the Citizens Class Action LawSuit Button At The Top Of The Screen.

E Loans Mortgage In Spring Hill FL, and Steve Fingerman will continue to fight for Florida Home Owners To Keep Home Ownership In Florida, I Proud To Be A Part Of This Action And Committed To Keeping Home Ownership In Hernando County and The Surrounding Tampa Bay Area Affordable.

Please Subscribe To The Right And Forward This Site To Your Friends Using The Buttons Below.

The 10 News Investigators have learned the group suing Citizens Insurance over its insurance practices will file more lawsuits Monday.

We’ve learned that group — FAIR — will be filing class-action lawsuits against private insurance companies Monday.

Those suits will go along with the cases they’ve already begun against Citizens.

The 10 News Investigators have been leading the way on this. Following reports by 10 News last fall, allegations surfaced.

The claims: insurance companies statewide are setting the replacement costs of some homes extraordinarily high — much higher than they should be.

That means the companies can charge you more to insure your house. The technique lets them make more money and dodge state laws that limit how much they can raise your rates.

That practice is what led the group FAIR — Florida Association for Insurance Reform — to the steps of the state Capitol last week.

FAIR announced it’s suing Citizens Insurance over the issue. Citizens is run by the state and backed up by Florida taxpayers.

PREVIOUS COVERAGE:

postheadericon FAIR Files Class Action LawSuit Against Citizens Insurance

On February 7, 2012 FAIR announced a Class Action Lawsuit against Citizens Property Insurance. Attorney Mark Beausoleil, FAIR Regional Director David Welch, Steve Fingerman Board Member and President E Loans Mortgage Inc and Senator Mike Fasano, Announce FAIR’s Lawsuit against Citizens Property Insurance for their practices of inflating Replacement Cost Values and Overcharging Florida Consumers. Florida Association Of Insurance Reform Announced on Feb 7, 2012 A Class Action Lawsuit Brought Against Citizens Insurance by It’s Policy Holders at The Capital Building In Tallahassee

postheadericon Breaking News: E Loans Mortgage Inc Opens In Hernando County

I have some exciting News To Annouce:

We Are Happy To Announce The Launch Of E Loans Mortgage Inc!

It’s not news that the Real Estate and Mortgage Industry both have seen their fair share of challenges over the past few years, but sometimes out of those challenges come exciting innovations and new ideas. With that said, it my honor and privlage to announce the launch of E Loans Mortgage Inc.

Here at E Loans Mortgage our Mission is simple : To Provide The Highest Level Of Professional Mortgage Banking Services To Our Clients, Using The Latest Technologies To Help Our Borrowers Achieve Their Goals Through The Most Transparent, Easy To Understand Lending Practices Possible.

Through my many years of industry contacts I have built a strong network of Partner Wholesale Lenders and Service Providers who offer some of the best Mortgage Products available anywhere. By Leveraging These Contacts, we have been able to secure negotiated Mortgage Terms that will provide our Borrowers with some of the Best Rates and Closing Costs available anywhere.

We offer the following Mortgage Products:

usda_logo.png

FHA                         USDA                       VA                  CONVENTIONAL

The Team Here at E Loans Mortgage Inc is excited about the new opportunity to serve our borrowers, and it’s my personal belief that you wont find a better more educated team of Mortgage Professionals anywhere. Regardless if you are a First Time Home Buyer or a Seasoned Investor, rest assured we have a Mortgage Product to fit your individual needs. Being an independant Lender, E Loans Mortgage does not have to fit you into a specific box, this allows us the opportunity to custom tailor a Mortgage Plan designed to meet your specific financial goals and needs.

Humbly,

Steve Fingerman

President

E Loans Mortgage Inc

4117 Mariner Blvd.

Spring Hill FL, 34609

Office 352-688-7949

Cell 727-946-0904

www.E-LoanMortgage.com

 

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