Blog
What Is The Debt-To-Income Ratio (DTI)?
Starting the home buying process in the Fort Myers or Cape Coral areas? One term you may hear your lender use is "DTI" or Debt-To-Income Ratio.
Measuring your existing debts against your existing income is one part of a lender’s required assessment of your ability ...
Should I Sell My Home?
Are you currently living in the Fort Myers or Cape Coral areas and wondering if you should sell your home right now?
It seems like a simple question, yet ask 10 people and you will likely get 10 different answers. Within real estate markets there always seems to be so ...
What Is A Mortgage?
Are you looking for a mortgage to buy a home in the Fort Myers or Cape Coral area?
The original phrase “mort gage” translates as “death pledge”! But as this video explains, a mortgage is a loan obtained to purchase real estate.
The "mortgage" itself is a lie...
What Is A Counter-Offer?
Have you ever wondered about what an "offer" or "counter offer" means when buying or selling a home in the Fort Myers or Cape Coral area?
The video puts this in more visual terms, but basically, a seller can respond to a buyer’s offer with changes - a “counter�...
What Are Real Estate Commissions?
Curious about real estate commissions in Cape Coral and Fort Myers Florida?
Like the video says - real estate agents aren’t paid by the hour! They’re paid a percentage of the purchase price in a successful real estate transaction.
When one agent represents the s...
How Large A Down Payment Do I Need?
In the process of looking for a home in the Fort Myers or Cape Coral areas and wondering how large a down payment you may need?
There are mortgage options now available that only require a down payment of 5% or less of the purchase price. You’ll see some pictures i...
What Is Loan To Value (LTV) And How Does It Affect The Size Of My Loan?
Are you purchasing a home in Fort Myers or Cape Coral? Have you heard of the term "LTV" and wonder what it means?
While this video simplifies things to help you remember, the loan to value ratio or "LTV" is the amount of money you borrow compared with the price or a...
How Does Purchasing A Home Compare With Renting?
Struggling whether to purchase or rent your next home in the Fort Myers or Cape Coral area?
Like the guy in the video says, the two don't really compare at all.
The one advantage of renting is being generally free of most maintenance responsibilities. But by renti...
How Does The Interest Rate Factor In Securing A Mortgage Loan?
If you are buying a home with a loan in the Fort Myers or Cape Coral areas, understanding the impact of your interest rate is important.
As you’ll see in the video, a lower interest rate allows you to borrow more money than a high rate with the some monthly payment...
Are There Special Mortgages For First-Time Homebuyers?
Thinking about buying a home for the first time in the Fort Myers or Cape Coral areas?
Yes. Like the video shows, lenders now offer several affordable mortgage options which can help first-time homebuyers overcome obstacles that made purchasing a home difficult in th...