According to the Freddie Mac weekly mortgage rate survey, the relative cost of a 5-year ARM is dropping versus its 30-year fixed-rate cousin. During the first 5 months of 2009, the products ran neck-and-neck. Today, they're a half-percent apart. On a $200,000 home loan, that's a difference of $60 per month. Adjustable-rate mortgages aren't for everyone, but for the right household, they can be a terrific fit. A few scenarios that warrant consideration of a 5-year ARM include persons:
Additionally, with homeowners with existing ARMs may want to consider taking on a new ARM, if only to extend their initial, fixed rate period. Before choosing an ARM, make sure to speak with your loan officer about how adjustable-rate mortgages work, and what causes them to adjust. Although conventional ARMs are limited in how far they can adjust, it's important to know the risks.
Watch the Fox 35 Video here. 
Andrea Tlumacki was one of the people not afraid to take the plunge... and she has been rewarded for it! With the deadline of the $8000 First Time Home Buyer Tax Credit approaching - it is urgent to develop a plan of execution. Most people are focused on the restriction of closing before the expiration of Nov. 30th. Fair enough... but many are not building a time line in order to establish milestones that one needs to meet if they desire to witness the delivery of an $8000 Treasury check. This is done by finding the advice of both a rock-solid Realtor and a Certified Mortgage Planning Specialist.
Andrea Tlumacki did. Expert real estate advice - proved priceless. Not only was she able to nail down a low mortgage rate of 4.500%, but received unparalleled direction by utilizing "top-agent" experience to get a purchase price that would make an investor envious.
In her interview with Andrea, Tracy Jacim states, "time is running out," and the time to delay is over. Many of us are familiar with Student Syndrome - but the need to:
...has a time line of about a week. Sure, things can be closed a somewhat faster in the proper circumstances, but as volume elevates in the weeks ahead for lenders, the length of time it takes to actually close will be increase. In other words... it is important to engage in the Orlando Real Estate process quickly if you hope to benefit from the First-time Home Buyer Tax Credit before it expires.
See the full article for complete explanation:
See the full article for complete explanation:
P.S. This is big news, you may choose to forward it to tell you care about...
Where to now?
Get the 21 Most FAQ about the $8000 First Time Home Buyer Tax Credit - new and old.
Find out home much home you qualify for NOW.
Get introduced to a solid Realtor regardless of where you are in the country.
As an Orlando Mortgage Broker in Seminole County, I have had the experience of working with many insurance carriers -some good - some bad. As the largest private property insurer makes the move to pull out of Florida, home owners are wondering - what do we do now? I personally have been using State Farm since day one... so you and me, yeah... same boat here!
The most pivotal, yet most overlooked thing, is likely the urgency to move QUICKLY!
"But Chris, this is supposed to happen over a period of a few years... what's the rush?"
Glad you asked!
The Answer - Capacity.
Effectively, when State Farm pulls out, the other carriers are going to be inundated with folks that need their homes insured. While this is a welcome event for those carriers, it is not all roses for them. Imagine these carriers are like a sponge. As they soak up these other policies abandoned by State Farm, they will begin to saturate. Once they max out, home owners without insurance will be left with less options.
It is safe to assume that the best, most competitive companies will fill up first, is it not?
At the end of the day, those that do not hesitate will end up with the most options and therefore the best options. Meaning, those policy holders that act the fastest will have the best and broadest options available to them - those that wait and hold on to the Farm the longest will be left with the lessor of the options and likely pay more for their home owner's insurance for years to come.
To see the 3 EASY STEPS visit the full blog post at: 3 Easy Step as State Farm begins leaving Florida.
Get a FREE Insurance quote - No Obligation.
There is always a need for this kind of work, so I thought I would pass along a resource that you may consider if you or those you care about need some that knows how to FIX STUFF!
His name is Rick Norden and is the husband of beloved local agent, LaShawn Norden.
Portfolio of Services
Rick Norden, Owner and Operator of Priority One Homes, is a licensed and insured Certified Residential Contractor within the State of Florida (CRC# 1328990).
From 1998 until 2006, Rick was a Builder/Construction Manager for U.S. Home, Cambridge Homes and Signature Custom Homes. In 2006, he opened Priority One Homes LLC., which is primarily a renovation, restoration and home repair construction company.
Since opening, Priority One Homes LLC has provided the following remodeling/repair/restoration services to Seminole County & Orange County residents:
•· Pressure Washing
•· Exterior Painting
•· Interior Painting
•· Drywall Repair
•· Carpentry (including crown molding, trim, wood rot repair, baseboard installation)
•· Interior and Exterior Door Replacement
•· Room Additions
•· Screen Enclosure Additions
•· Wallpaper Removal
•· Bathroom Remodels (including vanity replacement, tile installation, fixture replacement, etc)
•· Popcorn ceiling repairs
•· Knock-down ceiling repairs
•· Caulking & sealing entire house to prevent water intrusion
•· Supervision of Roofing, plumbing, electrical and landscaping trades for minor repairs or whole-house remodels
•· Coordination of vendors for kitchen remodels including cabinet replacement or re-facing, installation of appliances, installation of granite or other surfaces, fixture replacements, etc.
As a licensed Contractor, Rick is often hired as a "Construction Manager/Coordinator" for renovation projects that involve other trade lines such as roofing, plumbing & electrical. Rather than homeowners seeking qualified, responsive trades on their own, Rick sub-contracts with many of the same vendors he has worked with for the past 10+ years so that his clients receive quality service in a timely manner. In addition, should a project require permitting, Rick is qualified and capable of assisting those owners with that service as well.
For a FREE opinion of services needed and a FREE estimate for the cost of those services, please contact:
Priority One Homes LLC
Rick Norden, Owner
(321) 377-3661
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Anyone can say anything about themselves. Whoopy! See what my PAST CLIENTS are saying... http://www.orlandomortgagepro.com/What_people_are_saying.htm
Welcome
Don't HATE me because I am conservative with YOUR money! Let someone else take the risks.
Feel free to check me out here, but if you prefer, you can go directly to one of the following:
Orlando Real Estate | Orlando Credit Repair | Loan Modifications | Orlando Mortgages
Orlando Real Estate and the Mortgage Chili Blog
I have a reputation for my highly relational approach to my Orlando mortgage business and intentionally blur the lines between business and friendships.
"All things being equal, people would rather do business with people they like. I believe that all things not being equal, people would still rather do business with people they like."
It is with this philosophy that I have built one of the most loyal groups of clients [read: friends!] and successful mortgage and Orlando credit repair practices in the Central Florida arena.
Don't be surprised if you hear me ask, "How can I help you in your [life, business, etc.] today?" And when I does, know that it is driven by a sincere desire to serve those around me... pay it forward so to speak.
I have a record of self improvement that would rival that of anyone in the industry. I either am or have been aligned with:
I have also invested in my community with my time:
I, Chris Brown, pride myself as NOT always being available, and surprisingly,when I took that approach long ago, my business grew! If you don't make the time in your life for the things that are truly important, you will fill your time with things that are not. For me, it is God First, family second, business third. I am only able to pour my life into my clients because I build boundaries to recharge my batteries with my family and my Creator."
Chris's home for living with life balance.
Chris the Implementer
Orlando Mortgages | Orlando Credit Repair | Orlando FHA Loans
Orlando Real Estate | Florida Reverse Mortgages | Mortgage Chili Blog
Chris is mainly known for his work in the with First Time Home Buyers.
Being quick on his feet reacting to market changes, Chris has also developed quite a respectable FHA business and has become one of the best resources for local Realtors who have folks with challenged credit through his association with the U.S. Credit Repair Counsel.
The Bottom Line:
Chris uses all of the tools he has independently invested in to help agents determine, and fast, if they have a buyer that can qualify for a purchase. Since agent's time is their livelihood, this has become an invaluable tool for them in this challenging market.
"Chris is detail-oriented, resourceful, and on-time with his work. We'll work with him again, and refer others to him because he does great work."
Top qualities: Great Results, Expert, Creative
Augie Byllott
First hired Chris as a Financial Advisor in 2005, and hired Chris more than once
"Chris is an honest, hard working mortgage professional. More than that he is a good man. Integrity and faith are two of his greatest strengths. His foremost concern is what's best for his client. He is the kind of business professional you can enjoy working with."
Top qualities: Personable, Expert, High Integrity
Kristy Stevenson
First hired Chris as a Mortgage Lender in 2003, and hired Chris more than once
"I have hired Chris more than once to get me through the mortgage process. Chris kept me informed on a daily basis of progress and his attention to detail and devotion to customer service is phenomenal. I will continue to use Chris for all of my mortgage needs in the future."
Top qualities: Personable, Expert, High Integrity
Marcus Mennenga
First hired Chris as a Mortgage Lender in 2005
"Chris has worked with many of our clients and they are always well-pleased. He is a detail-oriented manager who always does what is right for our clients. It is a privilege to have Chris' expertise helping our clients."
Top qualities: Personable, High Integrity, Creative
Henry Silva
hired Chris as a Equity Manager in 2007, and hired Chris more than once
"I have purchased and re-financed many houses in the last 10 years and I am happy to say that Chris Brown is, by far, one of the best Equity Managers I have ever worked with. There were absolutely no hiccups in the entire process. He is very professional, knowledgeable and cooperative and it has truly been a pleasure working with him. I am happy to give my recommendation to use Chris for any mortgage loan need."
Top qualities: Great Results, Expert, On Time
Garth Bolton, Owner, Property Rescuer, Inc.
first hired Chris as a Mortgage Lender in 2004-present
"Chris is a very detail orientated mortgage lender that goes above and beyond what could ever be expected. Add that to his high level of integrity and honesty and you have a trusted advisor with advise worth heeding!"
J Robert Brown, Owner, Prefer1 Realty
was with another company when working with Chris at Trinity Mortgage
"Chris has provided mortgage lending service to a number of the folks whom I've helped either buy or sell a home. Chris is consistently conscientious, on top of the situation, and communicates very well. He anticipates situations before they get out of control and helps to resolve them. Chris takes a long-term view of things and is a " can-do" kind of person whose primary goal is to satisfy his customers, confident in the knowledge that if he takes care of them, he will be successful."
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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