Thursday, December 8, 2016

Don't Read This Real Estate Article.....

..... unless you are seeking information about buying a home in Florida.

Considering a move to Florida?  If so, begin with these ten  articles.
If you are ready to buy a home in Melbourne, Florida or the planned unit development of Viera, please give me a call at 321-693-3850.

Have other questions about buying or selling a home in Florida?  Send me an email or give me a call!

Wednesday, December 7, 2016

Rockledge, Florida Home For Lease - 3BR 2BA 2 CAR GARAGE $1,350

Available now!  This move in ready Rockledge home for $1,350 a month, one year lease!

Three bedrooms two bath two car garage concrete block stucco home in the centrally located Three Meadows development.   Built in 1995, this smoke free home is in great condition and is located near excellent schools, shopping, several golf courses.

With beaches, Patrick Air Force Base, Kennedy Space Center as well as major Melbourne employers within easy commute, this home will not last.

Open floor plan with 1,320 sq.ft. under air.  The enclosed, tile back porch easily cooled as well!

Features gas heat and water heater.  Sprinkler system on well water.   Carpet in bedrooms, laminate in living room and dining area.  Tile kitchen and baths.   Quiet city street, sidewalks and more!


Send me a text or call 321-693-3850 for more information.

Your Credit Report and Buying a Home

The first step in the home buying process involves obtaining a mortgage.   Most often prospective home buyers seek the assistance of a mortgage lender to obtain a mortgage pre-approval before looking at their first home.

The mortgage pre-approval is often confused with the mortgage pre-qualification.  But these are total different items.

A mortgage pre-qualification is a simple process.  And when it comes to mortgages simple is not good enough!

Mortgage pre-qualification applicants provide information about their income and expenses.  Based on that information the lender can give a general idea of their likely approval mortgage amount. 

But the mortgage pre-qualification is not the same as a mortgage pre-approval.  And sellers (and real estate agents) place little faith in the pre-qualification. 

But the mortgage pre-approval is different. 

While the pre-qualification is a simple, cursory look the mortgage pre-approval is a serous look at a prospective buyer's fiscal situation and the state of their credit. 

This involves much more than just answering a few questions and get a letter. 

The mortgage pre-approval involves providing proof of income.  Lenders will verify employment.  They will look at W-2 forms and copies of tax returns.  They will ask questions.  They will seriously review the prospect's credit report.

Of all these items the one that can often slow up the process is the credit report.   Obtaining a credit report is not a problem.  Having a correct credit repeat can be a major roadblock!

In today's high technology world identity theft happens.  Sometimes the wrong person's information ends up on a credit report.  Sometimes wrong accounts get listed.  Sometimes negative reports may still be reflected after they should have fallen off. 

When one is seeking a mortgage fr a home purchase is not the time to find these problems because sometimes the problems can't be fixed quickly.

As a matter of routine everyone should review their credit report.  It is free - Get Your Free Annual Credit Report.

A few final thoughts about credit reports and mortgages....
  • A mortgage pre-approval letter from a local lender is often the difference between one offer being accepted versus another.
  • The approved amount is not the must spend amount.  This is where your local real estate agent can help keep you grounded!
  • Mortgage pre-approval letters can expire.  Most sellers want a recent letter.
Here are a few links about the home buying process.

Considering buying a home in Melbourne, Florida?  Call or text me at 321-693-3850 if I can help in any way!