Winter Haven News
Posts filed under Winter Haven News
I want to buy a home. But the interest rates make my payments higher than I want to spend.
Posted Mon, Oct 9th 2023 11:54 am
It is true. Interest rates are no longer under 3%. They are typically over 7% now. If you have a good memory, you will remember rates over 13% in years gone by. I hope we do not hit those interest ...
Posted Mon, Oct 9th 2023 11:54 am
It is true. Interest rates are no longer under 3%. They are typically over 7% now. If you have a good memory, you will remember rates over 13% in years gone by. I hope we do not hit those interest ...
Have you received an Insurance Letter from Citizens?
Posted Tue, Oct 3rd 2023 9:47 am
Have you received an Insurance Letter from Citizens? Over the last few weeks, Citizens Insurance has sent out 300,000 letters to some of their customers offering private insurance as an alternativ...
Posted Tue, Oct 3rd 2023 9:47 am
Have you received an Insurance Letter from Citizens? Over the last few weeks, Citizens Insurance has sent out 300,000 letters to some of their customers offering private insurance as an alternativ...
Homeowner Insurance Costs Skyrocketing!
Posted Tue, Sep 26th 2023 8:17 am
Homeowner’s Insurance costs have been skyrocketing in Florida. Many insurance companies previously providing policies have withdrawn from the state, and other companies that still service Florida h...
Posted Tue, Sep 26th 2023 8:17 am
Homeowner’s Insurance costs have been skyrocketing in Florida. Many insurance companies previously providing policies have withdrawn from the state, and other companies that still service Florida h...
The 2023 Hometown Hero Funds Depleted
Posted Wed, Sep 20th 2023 7:51 am
The 2023 Hometown Hero program funds are officially depleted. If you were counting on that assistance program, does that mean you're out of options? NOPE! There are other programs to help first-ti...
Posted Wed, Sep 20th 2023 7:51 am
The 2023 Hometown Hero program funds are officially depleted. If you were counting on that assistance program, does that mean you're out of options? NOPE! There are other programs to help first-ti...
Should I Consider a FHA 203K Rehab Mortgage Loan?
Posted Mon, Aug 14th 2023 9:07 am
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...
Posted Mon, Aug 14th 2023 9:07 am
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...
Can I Assume a Seller's FHA Loan With Their Low Interest Rate?
Posted Wed, Jul 19th 2023 9:20 am
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 ...
Posted Wed, Jul 19th 2023 9:20 am
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 ...
Hometown Heroes Mortgage Loan Program Expands July 1
Posted Wed, Jun 28th 2023 9:32 am
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, an...
Posted Wed, Jun 28th 2023 9:32 am
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, an...
What is Homestead Exemption?
Posted Tue, Feb 28th 2023 8:39 am
What is Homestead Exemption? If the property is your primary residence, Florida provides up to a $50,000 exemption on your property taxes. For example, if your home is valued at $300,000 and you h...
Posted Tue, Feb 28th 2023 8:39 am
What is Homestead Exemption? If the property is your primary residence, Florida provides up to a $50,000 exemption on your property taxes. For example, if your home is valued at $300,000 and you h...
Hometown Heroes Loan Program Reaches $50 Million
Posted Mon, Jan 30th 2023 3:53 pm
The Hometown Hero Program has helped more than 3,500 buy homes with over $50 million provided in down payment and closing cost assistance. This Florida program has $100 million allocated so it is a...
Posted Mon, Jan 30th 2023 3:53 pm
The Hometown Hero Program has helped more than 3,500 buy homes with over $50 million provided in down payment and closing cost assistance. This Florida program has $100 million allocated so it is a...
How to Build Up Your Credit Score in 2023!
Posted Tue, Jan 24th 2023 8:00 am
If you are thinking about a major purchase in 2023, such as a new home, make sure your credit score is in line if you want bank financing. If you need to build your credit up, here are some tips fr...
Posted Tue, Jan 24th 2023 8:00 am
If you are thinking about a major purchase in 2023, such as a new home, make sure your credit score is in line if you want bank financing. If you need to build your credit up, here are some tips fr...
FHA Loan Limits Announced for 2023
Posted Thu, Dec 8th 2022 9:00 am
The Federal Housing Administration announced the loan limits for 2023 at $472,030. This is the maximum loan amount allowed for this loan program in the Polk county area. To read the full article, ...
Posted Thu, Dec 8th 2022 9:00 am
The Federal Housing Administration announced the loan limits for 2023 at $472,030. This is the maximum loan amount allowed for this loan program in the Polk county area. To read the full article, ...
Conventional Loan Limits in 2023 Announced
Posted Wed, Dec 7th 2022 9:00 am
The Federal Housing Finance Agency announced that conventional loan limits will be increased in 2023 from $647,200 to $726,200. To read this full article, Click Here.
Posted Wed, Dec 7th 2022 9:00 am
The Federal Housing Finance Agency announced that conventional loan limits will be increased in 2023 from $647,200 to $726,200. To read this full article, Click Here.
Interest rates are rising. Can I assume the seller's mortgage at their interest rate?
Posted Thu, Dec 1st 2022 9:59 am
At the time of this post, the average mortgage interest rate is about 6.58%. Although this rate is not at an all time high, it is still much higher than some of our low record interest rates of 2.8...
Posted Thu, Dec 1st 2022 9:59 am
At the time of this post, the average mortgage interest rate is about 6.58%. Although this rate is not at an all time high, it is still much higher than some of our low record interest rates of 2.8...
Redfin Discontinues iBuyer Program
Posted Fri, Nov 11th 2022 10:49 am
Redfin has decided to discontinue their iBUYER Program due to the rising interest rates and cooling real estate market. As a result, Redfin will be laying off over 800 employees. Redfin had already...
Posted Fri, Nov 11th 2022 10:49 am
Redfin has decided to discontinue their iBUYER Program due to the rising interest rates and cooling real estate market. As a result, Redfin will be laying off over 800 employees. Redfin had already...
OpenDoor reports losses of $928,000,000 in 3Q 2022
Posted Mon, Nov 7th 2022 7:27 am
OpenDoor has announced losses of $928M in third quarter 2022. OpenDoor purchases the home from the seller, makes repairs to the home, and then sells the home for a profit. Unfortunately, with the d...
Posted Mon, Nov 7th 2022 7:27 am
OpenDoor has announced losses of $928M in third quarter 2022. OpenDoor purchases the home from the seller, makes repairs to the home, and then sells the home for a profit. Unfortunately, with the d...
VantageScore Approved for Mortgage Loans
Posted Thu, Oct 27th 2022 9:22 am
VantageScore is a new credit score model for buyers to qualify for a loan. The Federal Housing Finance Agency (FHFA) has approved this credit score model for Fannie Mae and Freddie Mac mortgage loa...
Posted Thu, Oct 27th 2022 9:22 am
VantageScore is a new credit score model for buyers to qualify for a loan. The Federal Housing Finance Agency (FHFA) has approved this credit score model for Fannie Mae and Freddie Mac mortgage loa...
Gasoline Prices Reduced in Florida for October
Posted Wed, Oct 5th 2022 8:00 am
With the coming of the Hurricane, I am sure many people forgot about the tax break in gasoline prices during the month of October in Florida. This came at a great time as many are still without pow...
Posted Wed, Oct 5th 2022 8:00 am
With the coming of the Hurricane, I am sure many people forgot about the tax break in gasoline prices during the month of October in Florida. This came at a great time as many are still without pow...
Opendoor reports losses of 42 percent in August 2022
Posted Wed, Sep 28th 2022 8:00 am
Opendoor shows losses of 42% in August of 2022 in some large cities. Opendoor may experience losses up to $175 million. For more details, Read Article.
Posted Wed, Sep 28th 2022 8:00 am
Opendoor shows losses of 42% in August of 2022 in some large cities. Opendoor may experience losses up to $175 million. For more details, Read Article.
Things to Consider When Comparing Electric Companies to Solar Panels
Posted Fri, Aug 19th 2022 11:28 am
Many homeowners are considering and installing solar panels to help reduce electric costs in their homes. There are many items to consider such as who do I use, how much are my savings, when is the...
Posted Fri, Aug 19th 2022 11:28 am
Many homeowners are considering and installing solar panels to help reduce electric costs in their homes. There are many items to consider such as who do I use, how much are my savings, when is the...
I am Thinking about a Reverse Mortgage. What Should I know.
Posted Mon, Aug 15th 2022 10:08 am
Reverse Mortgages are very attractive to many homeowners wanting to tap into the equity in their home as they retire. Be sure to research the program thoroughly before committing to a Reverse Mortg...
Posted Mon, Aug 15th 2022 10:08 am
Reverse Mortgages are very attractive to many homeowners wanting to tap into the equity in their home as they retire. Be sure to research the program thoroughly before committing to a Reverse Mortg...