Mortgages 
Port Orange mortgages and Daytona Beach loan information. Purchase loans, jumbo loans, adjustable rates, preapprovals, refinancing information, and current financing news.
There are currently 21 blog entries related to this category.
Existing Home Sales Near 5 Year High Nationally
Thursday, January 31st, 2013 at 12:00pm. 157 Views, 0 Comments.
According to a recent report from the National Association of Realtors, existing homes are nearing highs in sales that have not been reached since 2007. Preliminary numbers show that existing home sales last year, which totaled nearly 5 million units, were up 9.2 percent from 2011 alone. In fact, the existing home inventory is now at 1.8 million units, the lowest availability since May 2005, a peak of the housing boom.
What does this mean for you?
Well, for sellers, this means a more aggressive market for your home, possibly yielding higher sale prices and faster closings. Of course a great deal of the final sale pricing of your home comes down to utilizing a vast knowledge of proper marketing and negotiating strategies to get the best price…
Mortgage Forgiveness Debt Relief Act extended through 2013
Wednesday, January 2nd, 2013 at 2:54pm. 1096 Views, 0 Comments.
Great news for primary Daytona Beach area homeowners seeking a short sale in 2013 as the Mortgage Forgiveness Debt Relief Act has been extended by Congress. The extension means primary homeowners will still be excused from paying taxes on forgiven mortgage debt through 2013. The law, established in 2007, was set to expire Dec. 31. Since the MFDRA was established, countless homeowners have received tax relief from the debt forgiven at completion of a short sale. Short sales continue to derive over 20% of residential sales during recent quarters. This extension is big news for primary homeowners burdened by unmanageable mortgages. Without an extension, homeowners who completed short sales or mortgage modifications may have faced tax bills in the tens of…
Towers Ten #2104 For Sale
Tuesday, February 28th, 2012 at 2:48pm. 426 Views, 0 Comments.
I just listed a 21st floor very luxurious condo at Towers Ten in Daytona Beach Shores. This is one of the nicest units I have seen in the Towers Ten building. You can enjoy the direct oceanfront views or endless western views of all Daytona Beach, Port Orange, and more. This is the unit that allows you to see the sunrise and sunset every single day! The best part is the price! The current owner is asking only $419,000.00. A few pictures are included below for your review. Feel free to call 386-527-8577 if you have any questions.
Waters Edge Amici Ct. Home Sold
Friday, January 23rd, 2009 at 7:33am. 1285 Views, 0 Comments.
Another home has sold in Waters Edge on Amici Court. This home is brand new and features 3 bedrooms, 2 bathrooms, lake views, 2 car garage, and more.
ICI Homes in Waters Edge has a few more new construction properties available that have been deeply discounted. Other options include foreclosures and short sales. There are a few very attractive foreclosure options available right now. For up-to-date pricing and home availability, contact Kevin Kling @ 386-527-8577.
Foreclosure Information - Untwisting The Numbers
Thursday, July 10th, 2008 at 8:31am. 2398 Views, 0 Comments.
By Ron Wysocarski - Daytona Beach Lender ph. 386-562-2651
I am continually troubled by the presentation of the foreclosure data. Understanding the current state of the housing industry is complex to begin with. Statistics are just numbers. They can easily be taken in and out of context in a news release very quickly. Interpreting the data can be as easy or as hard as you would like to make it. Here is my interpretation of where we are based on 2 recent "expert" comments I have seen in the headlines.
- Foreclosures Are Up
- Foreclosures Are Down
- There were more foreclosures in June 2008 than in June 2007. Up 53%
- There were less foreclosures in June 2008 than in June 2007 Down 3%
How can it be both???. Very…
Daytona Beach Home Loan Industry Forecast
Friday, July 4th, 2008 at 8:27am. 884 Views, 0 Comments.
So often in our world of immediate gratification, we find that we are burdened with expectations well beyond what one would consider normal. It would not be reasonable to drive your car at an ever accelerating speed without slowing down from time to time. It would be reasonable to to use the brakes, perhaps yield to another vehicle, and yes you may even make a wrong turn here or there. You may also have more than one car in your garage. The old reliable family car, a new car, a business vehicle, or even a sports car. Each would have been purchased for a specific reason at a certain time. Times change, and sometimes, we are left to make adjustments.
There are a lot of similar things that have happened in lending industry during the past few years. The…
Some Banks Freezing Lines Of Credit
Tuesday, July 1st, 2008 at 8:02am. 822 Views, 0 Comments.
The mortgage crisis has added additional changes for some homeowners with a home equity line of credit. YOUR HELOC MAY BE FROZEN! Check with your HELOC provider often to make sure your funds have not been frozen. Many bank customers are finding that their home equity lines of credit cannot be used after making large purchases. Customers with great credit and lots of equity in their homes have been hit with the HELOC freeze too. Bank Of America and Washington Mutual have setup a process for clients to appeal the decision of the bank. If you get a letter about your account being frozen or find out by surprise, take the following steps:
- Contact your HELOC provider immediately.
- Shop for another HELOC.
- Be ready for a new home…
Chelsea Place New Home Pricing Updates!
Tuesday, May 27th, 2008 at 3:49pm. 846 Views, 0 Comments.
ICI Homes presents a brand new community in Ormond Beach, Chelsea Place. This community features three phases with 250 superior home sites. A new ICI product line with homestyles highlighting Florida Vernacular, Craftsman, and Coastal is available. Homes range from 1748-2538 square feet.
With just the right combination of amenities, activity and affordably priced homes, Chelsea Place is the ideal place to call home.
- 1748 Ashburn (Andover) New $287,500 Old ($330,300)
- 1889 Bristol (Bradford) New $292,500 Old ($336,100)
- 2051 Charleston (Chadwick) New $329,000 Old ($371,600)
- 2224 Newberry (Nottingham) New $346,500 Old ($418,800)
- 2538 Orleans (Oxford) New $372,000 Old ($428,600)
- Above prices are good…
Daytona Mortgage Home Loan Update
Friday, March 28th, 2008 at 7:52am. 1273 Views, 0 Comments.
As predicted, the Fed lowering short term rates on March 18 has had an adverse effect on long term rates. Risk based pricing efforts have increased among lenders as they are going to extreme lengths to reduce the likelihood of new loans going into default. It is far more difficult to get the best rates than it was only a month ago. Mortgage insurance companies are in the process of changing their criteria as well. Buyers can expect to have a difficult time obtaining mortgage insurance on conventional loans with a credit score below 620 and most 100% loan programs will require at least a 660 score.
As the market continues to search for its bottom, there are indicators that point to a gradual recovery. Consumers are now aware that the days of no doc or…
Palmer Chiropractic Student Housing In Port Orange, Florida
Monday, March 24th, 2008 at 8:20am. 1410 Views, 0 Comments.
Affordable housing is now available in Port Orange for Palmer Chiropractic students. There are affordable options available that will allow you to build equity instead of wasting your money on rent. A few Port Orange home options include Villaggio On The Lakes, Whispering Creek, and attached homes in Coquina Cove and Pelican Bay.
Villagio On The Lakes home options start in the low 100's for a 1 bedroom 1 bathroom and increase slightly for 2 bedroom 2 bathroom options. This property is 3 stories and some units offer lake views. This gated condo property is definitely recommended.
Whispering Creek is located slightly farther from the Chiropractic School in Port Orange. Located towards the end of Airport Rd you will find this condo complex. Condo…