A 30-year Vero Beach home mortgage is considered by many the only way to go. But the question remains, are 30-year mortgages good, or bad? After all, our homes should be our biggest savings account, but some experts believe taking out a 30-year Vero Beach home mortgage is nothing more than glorified renting… Check out our other articles and tips […]
FHFA Considers Lower Limits on Vero Beach Mortgages
The Federal Housing Finance Agency is considering a possible reduction in the maximum loan limits for Vero Beach mortgages purchased by Fannie Mae and Freddie Mac, but the agency wants to collect public feedback before making any bold moves. The GSE conservator recently sent a request for public comment to the Federal Register asking for input on the possibility of […]
Vero Beach Home Foreclosure – Should You File Bankruptcy?
Just because you’re experiencing a Vero Beach home foreclosure, it is not necessarily reason for you to also file bankruptcy. The government has extended the rule that excludes you from paying income tax on money owed to a mortgage lender, but only for one more year – through 2014. Check out our other articles and tips pertaining to a Vero […]
Getting a Mortgage About to Get Harder
Getting a mortgage to buy a Vero Beach home is about to get a lot harder starting in January. That's when new mortgage rules go into effect that are almost certainly going to make it even tougher on folks getting a mortgage to buy a home or refinance an existing loan. To learn more and stay current on getting a […]
Undisclosed Debt When Buying A Vero Beach Home
Undisclosed debt can become a problem when you're buying a Vero Beach home and going through the process of getting a mortgage. There is a period of time known (in the industry) as the "quiet period." This is a time where it is important for you not to buy ANYTHING on credit. Over the past few years, lenders and underwriters […]
