Wednesday, January 15, 2020
December 2019 Foreclosure Report for Lee County Florida
Watch on YouTube here: December 2019 Foreclosure Report for Lee County Florida
Via https://www.youtube.com/channel/UCcZImr64sN4bR4BB_JA82vg/videos
Thursday, January 2, 2020
How to Get a Home Loan When You Have Low Credit Score
Having a low credit score can be an issue in purchasing a home. One thing to understand, credit is a game, it has rules. Once you understand the rules, you can play the game to win. Fixxing credit is not that hard. I used to own a mortgage company and have decent depth on this issue. Call if you need help.
Owning a home is part of the American dream. If you’re tired of throwing away money on rent, then you should consider making a purchase. Even if your credit score isn’t the best, there are still many options available to turn your dreams into a reality. Bad credit loans and mortgages for those with low credit scores do exist.
Get a Home Loan When You Have Low Credit: FHA Loan
FHA is one of the best programs around for those with a low FICO. They also have a very nice down payment plan that helps those with little cash. If your credit score is at least 500, then you will be required to put down 10%. However, to get the low 3.5% down payment plan, then your credit score must be at least 580. According to City Creek Mortgage, because FHA loans are government-backed, they allow lenders to take greater risks. However, you should keep in mind that private lenders issue these loans, and each lender will have different requirements and terms for you to be approved. Even if your credit score is approved, the home must also pass the inspection requirements. These loans are eligible for first-time buyers or those who haven’t had a home loan in three years. Additionally, the house must be your primary residence.
Get a Home Loan When You Have Low Credit: VA Loans
VA loans are excellent options for veterans, service members, and select spouses. Many people turn to the VA for help on loans because this program is more lenient on credit and income requirements. Since there is no PMI nor down payment required, it’s one of the best options around. According to VA Loan Captain, like the FHA loan, these loans are backed by the government and funded by private lenders. Most lenders want to see a credit score of around 620, and you must have served in a branch of the military for at least 180 days.
USDA 503 Loan Program
If you live in a rural area, then there is another option for low credit loans that is often overlooked. The United States Department of Agriculture gives loans to people who otherwise might not be able to obtain them. These loans are for borrowers with a credit score of at least 630. The goal of this program is to help families with low-to-moderate income levels who live in rural areas. Keep in mind, many areas the USDA classifies as rural aren’t as off the beaten path as you would think. Their website has an address checker to identify potential areas near you.
Finally, having a credit score below 700 isn’t the end of the world. You can still fulfill your dream of owning a home. FHA offers the best programs around, but there are a few more that can get you out of a rental and into a place to call your own.
Now that you’ve gotten the loan, you’re ready to search for a house. Check out our listings to find your new home.
If you’re thinking of selling your home, contact us so we can help!
Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
The post How to Get a Home Loan When You Have Low Credit Score appeared first on Steelbridge Realty LLC.
source https://northfortmyersonline.com/2020/01/02/how-to-get-a-home-loan-when-you-have-low-credit-score/
Thursday, December 26, 2019
Monday, December 23, 2019
How to Avoid Foreclosure on Your Home
To avoid foreclosure it is highly recommended that you seek competent legal help. Please make sure the attorney that you contact has experience in foreclosure as it is an ever-changing space. If you need help selling, please call us 239 694 3300.
If you are behind on your mortgage, there is a chance that the lender may decide to pursue a foreclosure. The good news is that there are many different ways to postpone a foreclosure or avoid it altogether. This may make it easier to salvage any equity that you have in the house while also keeping your credit score from tanking.
Avoid Foreclosure: Short Sale
A short sale occurs when a lender agrees to let you sell the home and use the proceeds to pay off as much of the mortgage as possible. Short sales tend to take longer to complete because the bank must sign off on any deal that you negotiate. While your credit score may go down temporarily, it is easier to recover from a short sale compared to a foreclosure. This is because future lenders will see that you were proactive about solving a serious financial problem.
Avoid Foreclosure: File for Bankruptcy
There are many options for filing for bankruptcy if you find yourself in that position. In most cases, you will file for Chapter 13 bankruptcy, which means that you will negotiate a payment plan that allows you to get current on a secured loan. However, if you file for Chapter 7 protection, it may be possible to keep the equity in the home even if you have to sell it. Those who own houses that are above the Chapter 13 secured debt limit may be able to file for Chapter 11 protection. One of the primary benefits of filing for bankruptcy is that you get an automatic stay of creditor collection activities. This means that a lender may not be able to foreclose your home for up to five years in a Chapter 13 case.
Talk to Your Lender About a Loan Modification
If you have good credit, it may be possible to negotiate new loan terms with your lender. Talk with a good financial professional to figure out if this is the right option for you. This may result in getting a lower interest rate, making interest-only payments for a period of several months, or rolling past due payments back into the loan. A foreclosure could make it difficult or impossible to get a mortgage in the future. Therefore, it is critical that you let your lender know if you are having trouble making mortgage payments. Generally speaking, banks prefer to work with borrowers as long as they are making a good faith effort to stay current on their home loans.
Facing foreclosure on your home can be a stressful thing, but it can be avoided if you navigate things the right way. Take steps like the ones above and you can make sure that you can make the best move for your financial future while avoiding foreclosure.
Here’s another article you might like: What You Need to Know to Get the Best Home Loan Possible
If you’re thinking of selling your home, contact us so we can help!
Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
The post How to Avoid Foreclosure on Your Home appeared first on Steelbridge Realty LLC.
source https://northfortmyersonline.com/2019/12/23/how-to-avoid-foreclosure-on-your-home/
How to Boost Your Home’s Curb Appeal Before Selling
Boosting your home’s curb appeal pays dividends! A big reason why buyers choose the home they do lies in its curb appeal. Improving the exterior of your home is just as important as making the inside look better. After all, first impressions matter. An inviting curb appeal catches a person’s eye, which leads to him or her touring a home. Overgrown weeds and bad paint jobs can make potential buyers think there are other things wrong with the home. Thus, the following list includes a variety of ways to boost your home’s curb appeal before you list it for sale.
Boost Your Home’s Curb Appeal: Choose Appealing Colors
Often, homeowners understand the need for a fresh new coat of paint, but simply painting over an existing color might not be the best option. Homeowners should look into changing their chosen house color. What may have been popular when you first purchased the home may not be today. So you should do some research on some of the best colors to paint your home. Bright colors, for instance, are a very popular choice for the front door.
Add New Siding
One of the most common concerns about increasing the curb appeal of a home is the cost. Homeowners want to take on this project but fear that adding new materials will cut into their profit after the home sells. Fortunately, there are ways to improve your curb appeal without breaking the bank. Take home sidings, for example. Some materials are designed to look like wood but don’t have the same maintenance costs, giving your home a unique textured appearance. This will, no doubt, place your home’s curb appeal above and beyond the other homes, and all without spending a fortune.
Boost Your Home’s Curb Appeal: Trim Trees and Brushes
Although you might not want to get rid of those bushes that mark the property line of your home or that tree that casts shade during the harsh summer months, they should be trimmed. Trimming your front yard during the selling process is a must. After all, you want to make sure that your home is as visible as possible to potential homebuyers. Of course, if your tree is dead or simply a stump, then, by all means, remove it from your yard. It’s a good idea to spend some extra time on your landscape maintenance so that your home and yard can look their best when potential buyers come to look at it.
The most effective way to sell your home at the best price is to allow your potential buyers to see the possibilities. This can be done by improving your curb appeal. If buyers cannot see how they can implement their own touch or simply see it as too much work, then they will move on to the next place.
Need help finding a new place to live? Check out our listings!
If you’re thinking of selling your home, contact us so we can help!
Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
The post How to Boost Your Home’s Curb Appeal Before Selling appeared first on Steelbridge Realty LLC.
source https://northfortmyersonline.com/2019/12/23/how-to-boost-your-homes-curb-appeal-before-selling/
How Can I Avoid Expensive Home Damage Caused by Weather?
As a homeowner, there will inevitably be home repairs that you will need to take care of in a timely manner. The need for repairs sometimes comes completely out of the blue. In other instances, a weather event can cause damage to the structure of your home. While a few missing roof shingles isn’t an overly involved and expensive repair job, there can be much larger issues to worry about. Luckily, there are some ways that you can avoid expensive home damage issues caused by weather.
Local Awareness
It’s a good idea to keep an eye on the weather for the area in which you live. It’s also a good idea to understand the various weather patterns that your area will experience over the course of four seasons. This allows you to properly prepare for what is to come. You want to make sure that your home is always ready for whatever comes its way, so knowing the forecast can sometimes let you take some additional precautionary measures.
Avoid Expensive Home Damage: Inspections
There are a number of different professionals that can help you ensure that your home is ready for whatever weather is just around the corner. Whether its routine inspections or some general maintenance, annual appointments can make a big difference when it comes to preventing major damage. A weakness in your windows or foundation could result in basement flooding and water damage. Catching these issues early is imperative.
Avoid Expensive Home Damage: Clean Your Gutters
It may seem like such a simple task that it’s unnecessary, but cleaning your gutters is incredibly important. When you allow debris to accumulate in your gutters, this can cause water to pool in areas where it should be moving through. This water can end up getting into your home. It can cause mold growth and wood rot on the framework. If you’re not comfortable with the process of cleaning your gutters periodically on your own, there are professionals that can make quick work of this cleanup job.
It can be overwhelming to take on all the home maintenance that is needed in order to protect your property from inclement weather. However, making sure that you keep up with this maintenance will soon become a routine. Calling on reputable professionals in your area to help can also make a big difference. It’s important to remember that a little bit of maintenance right now can prevent major repairs later on down the road.
If you’re thinking of selling your home, contact us so we can help!
Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
The post How Can I Avoid Expensive Home Damage Caused by Weather? appeared first on Steelbridge Realty LLC.
source https://northfortmyersonline.com/2019/12/23/how-can-i-avoid-expensive-home-damage-caused-by-weather/
Wednesday, December 11, 2019
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