<?xml version="1.0" encoding="UTF-8" ?>
<rss version="2.0">
    <channel>
        <title>Port Orange real estate - Daytona Beach news</title>
        <link>http://www.386realestate.com/blog/mortgages/</link>
        <description>Daytona Beach news and Port Orange real estate updates. Real Estate information  updated daily. </description>
        <item>
            <guid>http://www.386realestate.com/blog/towers-ten-2104-for-sale.html</guid>
            <link>http://www.386realestate.com/blog/towers-ten-2104-for-sale.html</link>
            <author>kevin@386realestate.com (Kevin Kling)</author>
            <title>Towers Ten #2104 For Sale</title>
            <description> <![CDATA[ 
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.









 ]]> </description>
            <pubDate>Tue, 28 Feb 2012 14:48:18 -0600</pubDate>
                    </item>
        <item>
            <guid>http://www.386realestate.com/blog/waters-edge-amici-ct-home-sold.html</guid>
            <link>http://www.386realestate.com/blog/waters-edge-amici-ct-home-sold.html</link>
            <author>kevin@386realestate.com (Kevin Kling)</author>
            <title>Waters Edge Amici Ct. Home Sold</title>
            <description> <![CDATA[ 
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.
 ]]> </description>
            <pubDate>Fri, 23 Jan 2009 07:33:51 -0600</pubDate>
                    </item>
        <item>
            <guid>http://www.386realestate.com/blog/foreclosure-information-untwisting-the-numbers.html</guid>
            <link>http://www.386realestate.com/blog/foreclosure-information-untwisting-the-numbers.html</link>
            <author>kevin@386realestate.com (Kevin Kling)</author>
            <title>Foreclosure Information - Untwisting The Numbers</title>
            <description> <![CDATA[ 
By Ron Wysocarski -&nbsp;Daytona Beach&nbsp;Lender&nbsp;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 &quot;expert&quot; 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 easy. Depending on which side of the data below you find more compelling, your opinion may differ. Its an election year so it may matter which &quot;side of the aisle&quot; the author of any article is seated. Clearly, we know which one &quot;sells more newspapers&quot;. Personally, I believe that it is a good thing that foreclosures have gone down in the last 30 days. I believe that the recent statistics are more relevant. I believe that we are experiencing a gradual recovery that will begin to feel more normal in April of 2009.


Fast Facts: 



    
252,363 homeowners nationwide received at least one letter regarding foreclosures in June 2008 

    
1 in every 501 US homeowners received a foreclosure filing last month 

    
71,000 homes were repossessed by lenders in June 2008 

    
39 States Had An Increase in foreclosures comparing June 2008 to June 2007 which means that 11 states improved 

    
Michigan, Florida, California, Nevada, and Arizona are the 5 states hit hardest 

    
States that have lengthened the time to finalize a foreclosure have experienced improved ratings 




Ron is a professional real estate lender and he can help you find the best loan option for your Daytona Beach or Port Orange real estate investment. Give him a call at 386-562-2651.
 ]]> </description>
            <pubDate>Thu, 10 Jul 2008 08:31:57 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.386realestate.com/blog/home-loan-industry-forecast-.html</guid>
            <link>http://www.386realestate.com/blog/home-loan-industry-forecast-.html</link>
            <author>kevin@386realestate.com (Kevin Kling)</author>
            <title>Daytona Beach Home Loan Industry Forecast</title>
            <description> <![CDATA[ 
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 industry was speeding down the road to record sales and devising new ways to satisfy an ever growing desire to creatively finance loans for buyers that didn't quite fit in the traditional box. The excitement shared by the buyers , sellers, lenders and professionals in their related fields caused for some to make decisions that they may not have ordinarily even considered. I am not addressing fraud,as that is always wrong. I am more inclined to say that many chose to stretch their budgets beyond their limits in the hope that prices would simply keep going up. Inherently, we find that it is not always reasonable to find that prices always go up, but are rather cyclical. 


My forecast for the industry is cautiously optimistic. Rebuilding will be done one block at a time. Little victories each day will gradually add up to a much stronger industry, with stronger core principles. Fully documented loans will earn the best rates, and those that are more risky will incur a higher cost based on that risk. It is a fair system when applied evenly among all borrowers. The trend toward government loans will continue to lead us toward increased standardization of lending practices. Ultimately, the consumer will benefit from greater understanding of the lending process, and better service from lending professionals.

Written By Ron Wysocarski @ First Horizon Home Loans. Ron can be reached at 386-562-2651. ]]> </description>
            <pubDate>Fri, 04 Jul 2008 08:27:57 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.386realestate.com/blog/some-banks-freezing-lines-of-credit.html</guid>
            <link>http://www.386realestate.com/blog/some-banks-freezing-lines-of-credit.html</link>
            <author>kevin@386realestate.com (Kevin Kling)</author>
            <title>Some Banks Freezing Lines Of Credit</title>
            <description> <![CDATA[ 
The mortgage crisis has&nbsp;added additional&nbsp;changes for some&nbsp;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&nbsp;after making large purchases.&nbsp;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&nbsp;a new home appraisal. 

    
Negotiate a great rate 




&nbsp;
 ]]> </description>
            <pubDate>Tue, 01 Jul 2008 08:02:11 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.386realestate.com/blog/chelsea-place-new-home-pricing-updates.html</guid>
            <link>http://www.386realestate.com/blog/chelsea-place-new-home-pricing-updates.html</link>
            <author>kevin@386realestate.com (Kevin Kling)</author>
            <title>Chelsea Place New Home Pricing Updates!</title>
            <description> <![CDATA[ 
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 for a limited time. 

    
Above prices are based on new revised standard features. 

    
Above prices include shutters (new code). 

    
Above prices do not include E-factor, however for a limited time E-factor ($10,000-15,000) value will be included as an incentive. 

    
Above prices are subject to change at any point of time without any prior notice. 




*pricing information provided by ICI Homes.


Other Ormond Beach home options include Hunters Ridge, Breakaway Trails, and Ormond river homes. 
 ]]> </description>
            <pubDate>Tue, 27 May 2008 15:49:29 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.386realestate.com/blog/daytona-mortgage-home-loan-update.html</guid>
            <link>http://www.386realestate.com/blog/daytona-mortgage-home-loan-update.html</link>
            <author>kevin@386realestate.com (Kevin Kling)</author>
            <title>Daytona Mortgage Home Loan Update</title>
            <description> <![CDATA[ 
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 stated income loans are pretty much a thing of the past. Most buyers are now coming in with paystubs and tax returns when they apply, to insure that the get the lowest possible rates. Rates are still well below historical averages. Inventory is leveling off. Sellers and buyers expectations are converging. All good things.


A topic of discussion at a meeting this week pointed out that consumers should be more concerned about rates rising as opposed to prices dropping. A $200,000 loan at 5.5% will have a principal and interest cost of $1136 on a 30 year fixed rate Florida mortgage. A $190,000 loan at 6.0 % will cost $1139. Rates moved up about .5% in the last week, and will likely continue to fluctuate. A buyer that is hoping for prices to continue to drop, may lose out in the end if rates increase.


Written By Ron Wysocarski 386-562-2651
 ]]> </description>
            <pubDate>Fri, 28 Mar 2008 07:52:11 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.386realestate.com/blog/palmer-chiropractic-student-housing-in-port-orange-florida.html</guid>
            <link>http://www.386realestate.com/blog/palmer-chiropractic-student-housing-in-port-orange-florida.html</link>
            <author>kevin@386realestate.com (Kevin Kling)</author>
            <title>Palmer Chiropractic Student Housing In Port Orange, Florida</title>
            <description> <![CDATA[ 
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&nbsp;On The Lakes home&nbsp;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 units are available at this property in the low 100's up to the 200's. 2/2's and 3/3's are available with nice kitchens and layouts that accomodate the student lifestyle. 


Pelican Bay is a gated community in Daytona Beach. It is located within 5 miles and only a short drive to the Chiropractic campus. Attached homes and townhomes are available starting in the low 100's. This location is also conveniently located next to I-95. The 24 hour guarded and gated security is attractive to many parents. 


This is a small list of Port Orange home opportunities. For a complete list of homes that would be ideal for students, contact Kevin. 


&nbsp;
 ]]> </description>
            <pubDate>Mon, 24 Mar 2008 08:20:21 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.386realestate.com/blog/port-orange-homes-less-than-200000.html</guid>
            <link>http://www.386realestate.com/blog/port-orange-homes-less-than-200000.html</link>
            <author>kevin@386realestate.com (Kevin Kling)</author>
            <title>Port Orange Homes Less Than $200,000</title>
            <description> <![CDATA[ 
10 homes available in Port Orange for less than 200k. All of these homes were built after 2000 and have&nbsp;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. 


&nbsp;
 ]]> </description>
            <pubDate>Tue, 18 Mar 2008 13:44:46 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.386realestate.com/blog/florida-reverse-mortgages-good-or-bad.html</guid>
            <link>http://www.386realestate.com/blog/florida-reverse-mortgages-good-or-bad.html</link>
            <author>kevin@386realestate.com (Kevin Kling)</author>
            <title>Florida Reverse Mortgages Good Or Bad?</title>
            <description> <![CDATA[ 
Is&nbsp;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 lenders to talk you into the loan if it is not completely necessary. Beware! 

    
A reverse mortgage can make it very difficult to leave the property to your loved ones. 




Choosing the right mortgage that meets your needs is not an easy process. Always seek the advice of a financial professional when determining what type of loan is right for your situation. 
 ]]> </description>
            <pubDate>Mon, 17 Mar 2008 09:35:31 -0500</pubDate>
                    </item>
    </channel>
</rss>
