Hojin's SW Orlando Real Estate Scoop

Real Estate News for Dr. Phillips, Windermere, Gotha, Celebration, Winter Garden, Ocoee, Clermont, Metrowest

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Entries Tagged as 'Mortgages'

More Bailout for Homeowners Facing Foreclosuree

March 29th, 2010 · Comments Off on More Bailout for Homeowners Facing Foreclosuree

The Obama administration’s $75 mortgage bailout has been having mixed results. In fact, over 50% of all loan modifications eventually ended up in foreclosure anyway. There’s been plan to expand this plan and the debate continues as to whether or not requiring responsible homeowners to pay for the irresponsible ones is the way to go. […]

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Tags: Mortgages

Banks Refuse to Lend Money on Orlando Condos

March 23rd, 2010 · 1 Comment

With the overhaul of lending requirements in recent years, it’s become nearly impossible to obtain financing on a condo in Orlando. The new guidelines outlined by Fannie Mae for 2010 eliminates virtually all condo developments in the area. Among the impossible requirements are less than 10% delinquency rates, a 51% occupancy rate (I’ve heard from […]

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Tags: Mortgages · SW Orlando Condos

FHA Modifications

February 18th, 2010 · Comments Off on FHA Modifications

FHA recently announced some changes to it’s program that will be in effect in the coming months. Among the changes are a higher Mortgage Insurance Premium of 2.25% effective April 2010 which is a .5% increase, a requirement for a higher minimum FICO or credit score to 580, reduced the seller concessions to 3% from […]

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Tags: Mortgages

Housing Market in Orlando to Hit Bottom in 2009

April 24th, 2009 · 1 Comment

The University of Central Florida’s Institute for Economice Competitiveness recently released their quarterly forecast which surprisingly reveals some promising facts about the housing market. They predict a bottom to the housing market in the second quarter of 2009. Amazingly, housing starts are 87% below the peak levels we experienced just a few years ago. They […]

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Tags: Market Forecast · Market Statistics · Mortgages · Places in SW Orlando

Surprise, Chinese Drywall Stinks

April 17th, 2009 · 3 Comments

I got an email about Chinese drywall from my boss today and at first, I deleted it thinking the Chinese are making everything these days. It seems like everything I own from the cheap tools I got at Wal Mart to my Nike shoes seems to be coming out of this place. So when I […]

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Tags: Luxury Homes · Mortgages · New Construction · Real Estate Oddities · Real Estate Tips · SW Orlando Bulletin

How Do You Qualify for an FHA Loan?

March 17th, 2009 · 5 Comments

A Guest Post by Betty Parker of Your Ultimate Finance Destination blog FHA loans or Federal Housing Administration loans are the simplest forms of mortgage loans for buying real properties. Among all mortgage loans, the eligibility criteria for an FHA loan are the easiest and necessitate lower than 5% down payment. The FHA loans are […]

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Tags: Mortgages · Real Estate Tips

Double Digit Interest Rates in the Next 2 Years?

February 16th, 2009 · Comments Off on Double Digit Interest Rates in the Next 2 Years?

I spent the past week in a real estate investing class in order to fulfill my post licensing education requirement for my broker’s license and learned quite a bit. There were real estate professionals specializing in numerous different fields and we all had one thing common, our business is way down. The stuff in the […]

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Tags: Market Forecast · Mortgages

The Secret Welfare Program of the US Treasury

December 12th, 2008 · Comments Off on The Secret Welfare Program of the US Treasury

I’m gonna get a little boring and political today. I ran across this article in the Chicago Tribune by economics professor Casey Mulligan at the University of Chicago that made a light bulb go off in my head…   the freakin US Treasury and Bernake are proposing a wacky welfare program as a solution to the […]

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Tags: Market Forecast · Market Statistics · Mortgages

Fed Cuts Fed Funds Rate 50 Basis Points to 1%

October 29th, 2008 · Comments Off on Fed Cuts Fed Funds Rate 50 Basis Points to 1%

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Tags: Market Statistics · Mortgages

Wall Street Shadow Markets The Cause of Our Nation’s Financial Crisis

October 5th, 2008 · 1 Comment

Watch CBS Videos Online With all the talk about the bailout plan being debated in Congress, I’ve heard all kinds of reasons why people think the market is failing. I’ve heard it’s because of Fannie Mae, shady mortgage lenders, stupid consumers that can’t comprehend that their payments will go up eventually on interest only loans, […]

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Tags: Market Forecast · Mortgages · Real Estate Tips · SW Orlando Bulletin · Videos About Real Estate