Have you ever wondered how long you might have to wait after Bankruptcy, Foreclosure, or Short Sale before you can purchase your new home? Check out the chart and see how long a lender will require you to wait before you can borrow again. Link to the PDF here: http://sunshineguru.com/wp-content/uploads/2013/11/Derog-Credit-Chart-Fisher-Darrow.pdf Interestingly, I recently had a…
Check out the interesting article at BankRate.com that describes how Floridians are paying the 9th highest closing costs in the nation. Besides lender fees and title charges, don’t forget about your pre-paid taxes and your insurance premiums when you’re calculating how much to save for your down-payment. Here in South Florida, your insurance premiums are…
It’s a common question during the first interview with buyers who may be seeking a condominium here in South Florida: “So do you have a 25% – 30% down payment for your purchase?” It seems to be lost on home sellers during the current frenzy of activity that is fueled by investors and foreign…