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 18 blog entries related to this category.
Waters Edge Amici Ct. Home Sold
Friday, January 23rd, 2009 at 7:33am. 1012 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. 1085 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. 587 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. 569 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. 576 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. 912 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. 1066 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…
Port Orange Homes Less Than $200,000
Tuesday, March 18th, 2008 at 1:44pm. 628 Views, 0 Comments.
10 homes available in Port Orange for less than 200k. All of these homes were built after 2000 and have minimum 3 bedrooms and 2 bathrooms. Most of the residences have a garage too. These affordable homes are located inHorizons, Waters Edge, Skylake and more.
Florida Reverse Mortgages Good Or Bad?
Monday, March 17th, 2008 at 9:35am. 564 Views, 0 Comments.
Is a Reverse Mortgage the right choice?
A reverse mortgage was originally intended to help retirees live comfortable during their retirement years. This type of mortgage was intended for individuals over the age of 60. Now these reverse mortgages are being used for another reason, to help stop the foreclosure process.
A reverse mortgage is exactly what it sounds like. The bank will make payments to you based on the fact that the homeowner has a legitimate amount of equity in the home.
Are you considering a reverse mortgage? A few things to consider and review have been listed below:
- Reverse Mortgages have super high fees that can range up to 7% of the loan amount. Fees can exceed $15,000!
- The fees are high enough for some…
Florida Mortgage Update By Ron @ First Horizon
Wednesday, March 12th, 2008 at 11:50am. 471 Views, 0 Comments.
On the heels of a huge sell off of financial stocks on Monday, the Fed made a surprise announcement to increase the length of time banks can use funds through the "Fed Window". Keeping things simple, banks have longer to "pay back" the Fed on borrowed funds. This should help banks increase the amount of money available for loans with less risk to their shareholders. The Dow Jones Average was up over 400 points on Tuesday as a result.
People have been afraid to make big ticket purchases in times of uncertainty. Consumer confidence will need to be restored in order to begin to get America spending again. There is a Fed Meeting March 18, and there are signs that point to yet another rate decrease. If you are rate watching, next Tuesday and Wednesday are…