Category: Insider Info from the Florida Mortgage Expert

Insider Info from the Florida Mortgage Expert is a blog about the mortgage and real estate industry in the Tampa Bay area and in the state of Florida.

Self-Employed Income for A Mortgage Loan

Here’s the good, the bad and the ugly about how being self-employed affects  mortgage loan applications. I am going to share some knowledge with you that most loan officers either can’t seem to wrap their heads ahead around, or don’t

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5 Myths Every College Graduate Should Know about Getting Approved to Buy A House

  College is an expensive endeavor, but the largest investment for most people is buying a home. And let’s face it, it’s typically the next step after graduating from college and landing a job. Since the gravity of buying real

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Can I Buy A New Home And Keep My Old One, And Should I?

Within five years of buying your first home, the chances are you will begin shopping for another one. You may think you should keep your current house because it is a “good investment.” There are usually better options, though. The

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How Do Homes Get Appraised?

A common error when calculating the value of a home is to take the price per square foot of a comparable home sale and multiply it by the square feet of your home.  This is a flawed method that will

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5 Critical Mistakes Married People Make When Buying A Home

Love is in the air, and so are loan profiles for newlyweds. In fact, when they apply jointly for a mortgage on that “perfect” home, there are vital things they need to know about the new world of joint financing

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Pay Extra Principal on Mortgage

This may seem crazy coming from a mortgage guy, but I’m super excited about my newest goal: paying off my mortgage. While there’s no doubt that a mortgage is great for purchasing a home or consolidating debts, I also know

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Ways to Have More Than One FHA Mortgage Loan

A. Relocations. If the borrower is relocating and re-establishing residency in another area not within reasonable commuting distance from the current principal residence, the borrower may obtain another mortgage using FHA insured financing and is not required to sell the existing

File Florida Homestead Exemption Online

A homestead exemption protects homeowners from their property taxes skyrocketing. So if you bought a home last year and have not filed your homestead exemption, you are risking the possibility of having a substantially higher property tax bill in future

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Remove Co-Signer When Refinancing Your Mortgage

Compared to every other mortgage loan program, the FHA loan has significantly more parents who co-signed on their children’s loans. What’s interesting about this—and something many consumers don’t know—is that usually once such a loan has matured for 12 months, people can

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Burning Cash Is Insane

There actually was a time when people incinerated their cash. Some even used it as wallpaper because the money was worthless. It was in the Weimar Republic in Germany during the 1920s, when hyperinflation plagued the country. Hyperinflation is when

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