What Is A Rate Lock?

  Getting a mortgage for a home you are purchasing in the Fort Myers or Cape Coral areas? Mortgage rates change constantly through an unpredictable combination of government policies and economic conditions. This video explains the common term ‘rate...

What Is An Appraisal?

  Getting a home appraised in the Cape Coral or Fort Myers area? Every house is unique; appraisers are trained and licensed for expertise in putting a value on properties. Appraisers don’t work for the buyer or the seller;  their primary mission is actually to...

What Factors Affect Mortgage Payments?

  Looking to buy property in the Fort Myers or Cape Coral areas? Curious about what factors can impact your mortgage payments on that property? Well, as this story shows, the amount of the down payment, the size of the mortgage loan, the interest rate, the length...

What Is Equity?

  Have you heard the term “Equity” before and wandered what it actually means? In short, Equity is the value YOU own in property such as a house. It’s the difference between what’s OWED and what the property is WORTH in the current market. In the...

What Is The Debt-To-Income Ratio (DTI)?

  Measuring your existing debts against your existing income is one part of a lender’s required assessment of your ability to repay a loan. Like the video says:  debts are existing financial commitments; a car payment is a debt a grocery bill is not. To calculate...
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