by Jennifer Ferri | Jul 20, 2017 | Buying, Federal Programs, Financing, Mortgages
Buying a home soon in the Cape Coral or Fort Myers area? An FHA loan maybe worth exploring. Remember these points from the video: The FHA works to make homeownership a possibility for more Americans. With the FHA, you don’t need perfect credit or a...
by Jennifer Ferri | Mar 30, 2017 | Mortgages
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...
by Jennifer Ferri | Mar 16, 2017 | Mortgages
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...
by Jennifer Ferri | Dec 8, 2015 | Mortgages
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...
by Jennifer Ferri | Dec 8, 2015 | Mortgages
What are the “Ability to repay” rules about? In a nutshell, as this video shows, new laws require lenders to make a good-faith assessment of a borrower’s capacity to pay back their loan over time. It’s a longer-term view that goes beyond immediate income, debt...
by Jennifer Ferri | Dec 8, 2015 | Mortgages
As this video explains, Federal laws put into effect in 2014 and supervised by the Consumer Financial Protection Bureau define lending practices and loan terms for a new category called “Qualified Mortgages.” They provide stable loan features for...
