The new loan limits for FHA loans is confirmed at $292,500 and for
the GSA's Fannie Mae and Freddie Mac it is now $417,000 for Single Family Homes.
FIXED-RATE MORTGAGE RATES Are Still Well Below Historical Average
Freddie Mac released the results of its
Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage
averaged 6.01 percent with an average 0.6 point for the week ending May 15,
2008, down from last week when it averaged 6.05 percent. Last year at this
time, the 30-year FRM averaged 6.15 percent.
The 15-year FRM this week averaged 5.60 percent with an average 0.5 point,
unchanged from last week when it averaged 5.60 percent. A year ago at this
time, the 15-year FRM averaged 5.87 percent
Why you Save Money and time with a Loan Pre Approval - Even before you've
found a home, you can apply online for a free preapproval on a mortgage loan. If you're
preapproved, you will receive a letter telling you that Rutenberg Financial Services will
lend you up to a certain amount to finance your home, subject to a property appraisal and
other stated conditions. A preapproval means that you'll be able to look for a new home
more confidently. By arranging your financing in advance, you can act quickly when you
find the right home. You'll know exactly how much you can borrow, and the letter shows
sellers and real estate agents that you're ready and able to buy.
Why you Save Money and time with a Loan Pre Approval - You're in a stronger
position to negotiate Real Estate asking prices down with a loan pre approval. 40% of Real
Estate contracts fall thru because of financing problems. When a yard sign or MLS Listing
says Contract Pending ...other buyers and Real Estate Agents pass it up. Sellers realize
that and may not negotiate too far from the asking price. A recent concern of many sellers
is whether the premises will appraise at the amount set forth in the contract due to the
inflated market. If the contract is contingent upon financing, the purchaser may have the
right to terminate the contract and receive the refund of the down payment
Be Secure - Pre Listing Inspections and Full Real Estate Inspections Home
Inspector Tampa Bay
Don't waste time searching for Your Dream Home and then Gamble that you can Afford it.
Quick
Mortgage Calculator <Type in Down
Payment and Interest Rate...
Remember to approximate the taxes and
insurance to get the full PITI (Principal, Interest, Taxes, Insurance) payment. Divide the
yearly taxes and insurance by 12 months for the average monthly addition.
A poor credit score can cost you money, knowing what to do to improve your score can help
you
save money! Phone 727-399-1347 with questions or a no obligation consultation
Refinancing? When it come time to get
quotes for a refinance contact us for the latest rates
Know your Credit Score and what you
qualify for. When it comes time to Financing you'll avoid unecessary surprises. Up
to 60% of people who check their free credit report find errors. You can get a free credit
check if you've been denied credit in the last 60 days. 3 credit bureaus Equifax,
TransUnion and Experian collect information from major creditors. Your credit report lists
all credit history for the last two years; liens and
judgements for 7 years; bankruptcy 10 years.
We are committed to helping you find the
right mortgage product for your needs. We understand that every borrower is different, and
we offer a variety of products to meet your individual requirements. We make the process
of securing a mortgage simple and straightforward by offering you the latest in financial
tools that enable you to make sound financial choices
Free Consultation 727-399-1347
Michael 'Max' Kuzmicz and Robert 'Bob' Williams Mortgage Consultants
with Mortgage Masters 2611 Keystone Road Suite B1 Tarpon Springs, FL 34688
Michael 'Max' Kuzmicz and Robert 'Bob' Williams Realtors® at Florida's Largest Real
Estate Office.
Charles Rutenberg Realty, Inc. 1545 S. Belcher Rd. Clearwater Fla, 33764 |
