As of 8/17/2023:
30 year mortgages averaged 7.09%
15 year mortgages averaged 6.46%
For more information, view this article Mortgage Interest Rate.
As of 8/17/2023:
30 year mortgages averaged 7.09%
15 year mortgages averaged 6.46%
For more information, view this article Mortgage Interest Rate.
The preference of most buyers is to purchase a MOVE IN READY home that does not require any major repairs or renovations. But sometimes the home you are interested in buying does require repairs or upgrades. One solution would be to consider the FHA 203K Rehab Mortgage Loan. This loan has two versions. The first version is for minor repairs under $35,000. The second version is for more extensive repairs over $35,000. These programs roll the repair costs into your mortgage. There are many aspects to consider with this loan program. I recommend you contact a lender to see if this program will work for you.
To understand more details about the 203K Loan, click here.
As of 8/10/2023:
30 year mortgages averaged 6.96%
15 year mortgages averaged 6.34%
For more information, view this article Mortgage Interest Rate.
Seller Tip: Showroom Ready
This is one of the hardest aspects to maintain. Until you close on your home, the home needs to remain showroom ready. Showings may only give 2-4 hours' notice. After you get a contract, they will conduct inspections. The home should stay showroom ready during inspections. The next step is an appraisal. Yep! You guessed it! The home should be showroom ready for appraisals as well. After the appraisal comes the final walk through, and you have already moved out of the home. So, you can relax after the appraisal is completed.
Did today's tips spark a question? Think I might be the right Realtor for you? Give me a call and let's talk!
David Shippey - Xcellence R...
As of 8/3/2023:
30 year mortgages averaged 6.90%
15 year mortgages averaged 6.25%
For more information, view this article Mortgage Interest Rate.
Buyer Tip: Permits & Surveys
The title company checks for open permits, if you so request it. If you do not, the responsibility passes to you at time of purchase. Some sellers do not even realize there are open permits for work supposedly completed years ago! A good example of this is a new pool install, and the final inspection was never completed. Hopefully, it is fine but that is why you have it inspected through a permit. If you are getting a loan, the lender will require a survey. Be sure to look at it closely for neighbor encroachments, your own encroachments, and that all easements are honored. Any of these could turn into a potential problem for you.
Did today's tips spark a que...
As of 7/27/2023:
30 year mortgages averaged 6.81%
15 year mortgages averaged 6.11%
For more information, view this article Mortgage Interest Rate.
Seller Tip: Pictures
Great pictures make for a successful listing of your home. I recommend professional pictures with aerial drone shots when possible. First impressions are key! Good photographs highlighting the features of the home lead to showings. Buyers look for good pictures with aerial views as a determining factor as to whether to request a showing and take a closer look at your property.
Did today's tips spark a question? Think I might be the right Realtor for you? Give me a call and let's talk!
David Shippey - Xcellence Realty
863-521-4517
Unforgettable Service | Undeniable Results
As of 7/20/2023:
30 year mortgages averaged 6.78%
15 year mortgages averaged 6.06%
For more information, view this article Mortgage Interest Rate.
The answer is Yes. It is possible but there are several points to consider. FHA loans are for primary residences so it cannot be used for investment purposes.
The first task would be to make sure the seller's loan is assumable. The seller's lender decides if you qualify to assume their loan.
A seller will want a release from their lender on the loan so they are no longer tied to the property. If the lender is not willing to give a release, the seller may not be willing to let you assume their loan. If you do not make payments, the seller would be responsible.
Another consideration is the purchase price. For example, if the home is being sold for $300,000 and the assumable loan on the h...
This Custom Home has several features to consider. One of the most important features when considering homeowner's insurance is the roof. This roof was replaced in 2018 and is only 5 years old. Check out some of the other features below and see if this is the home you have been trying to find.
Welcome to Country Walk Estates located in Southwest Winter Haven, Florida. This Custom Home has several updates, features, and is ready for You. The Home has 3 Bedrooms, 2 Baths, 2 Car Garage, 1719sqft Living Area, Laundry Room, with a Screened Lanai. Some of the Updates include Granite Countertops in Kitchen and Bathr...
As of 7/13/2023:
30 year mortgages averaged 6.96%
15 year mortgages averaged 6.30%
For more information, view this article Mortgage Interest Rate.
As of 7/6/2023:
30 year mortgages averaged 6.81%
15 year mortgages averaged 6.24%
For more information, view this article Mortgage Interest Rate.
As of 6/29/2023:
30 year mortgages averaged 6.71%
15 year mortgages averaged 6.06%
For more information, view this article Mortgage Interest Rate.
We will be holding an Open House at 2014 Misty Morning Dr, Winter Haven, FL 33880 on Saturday 7/15 from 10am to 3pm. Stop by and see all this home has to offer. See details below.
COME VIEW THIS HOME SATURDAY 7/15 10AM-3PM! Welcome to Country Walk Estates located in Southwest Winter Haven, Florida. This Custom Home has several updates, features, and is ready for You. The Home has 3 Bedrooms, 2 Baths, 2 Car Garage, 1719sqft Living Area, Laundry Room, with a Screened Lanai. Some of the Updates include Granite Countertops in Kitchen and Bathrooms, Beautiful Ceramic Tile and Vinyl Flooring, Extra Insulation in Atti...
This Custom Home has several upgrades and features listed below. One bonus with this home is the Garage. It is a 25x23 Garage that fits any vehicle you need. The flooring is a high grade epoxy floor. The walls of the garage are lined with Storage Cabinets. Be sure to check out the pictures below. Schedule your showing today!
Welcome to Country Walk Estates located in Southwest Winter Haven, Florida. This Custom Home has several updates, features, and is ready for You. What are the basics? It has 3 Bedrooms, 2 Baths, 2 Car Garage, 1719sqft Living Area, Laundry Room, with a Screened Lanai. What has been updated...
The Florida Housing Program called Hometown Heroes has been very successful. The first $100 million funding was able to help over 6,700 Heroes purchase a home in Florida. Effective July 1, 2023, another $100 million will be provided to further this program for more homeowners to purchase a home in Florida. This program provides down payment and closing cost assistance. This program is now available to first-time homebuyers that meet the eligibility requirements.
For more information on this program, Click Here Hometown Heroes.
As of 6/22/2023:
30 year mortgages averaged 6.67%
15 year mortgages averaged 6.03%
For more information, view this article Mortgage Interest Rate.
Seller reduced the price by $10,000 today making the asking price now $385,000. Check out all of the features, pictures, and virtual tours below. One of the big features includes a 600sqft detached block workshop with a full bath. The building could remain a workshop or be converted into a Guest House, In-Law Suite, or College Bedroom. Call for your showing soon.
Welcome to Country Walk Estates located in Southwest Winter Haven, Florida. This Custom Home has several updates, features, and is ready for You. What are the basics? It has 3 Bedrooms, 2 Baths, 2 Car Garage, 1719sqft Living Area, Laundry Room, with ...
Buyer Tip: Future Credit Changes
If you are getting a loan, DO NOT make any changes at all to your credit without first consulting your lender. Things like opening or closing accounts, paying down credit cards, eliminating debt, changing checking accounts, buying a car, buying furniture, etc. have the potential to stop your loan.
Did today's tips spark a question? Think I might be the right Realtor for you? Give me a call and let's talk!
David Shippey - Xcellence Realty
863-521-4517
Unforgettable Service | Undeniable Results