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Identity Theft

Identity theft is when thieves steal your personal information in order to take over or open new accounts, file fake tax returns, rent or buy properties, or do other criminal things in your name. In September 2017, Equifax announced a security breach in which the sensitive information of an estimated 145.5 million U.S. consumers was potentially compromised, which highlighted the importance of…

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Paying Your Home With a HELOC

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I hate to pay more than you have to on your mortgage? Your monthly mortgage payments will include two components: principal and interest. The principal balance is the loan amount, which decreases over the repayment period of a traditional mortgage. However, the interest portion comprises the majority of the payment at the beginning of the loan and decreases…

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Saving on Your Mortgage

Why pay more than you have to on your mortgage? Your monthly mortgage payments will include two components: principal and interest. The principal balance is the loan amount, which decreases over the repayment period of your mortgage. Paying your mortgage off early is as easy as paying an additionally 10% in your payment. Not only will this reduce the term of your mortgage, but it will also…

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Current Home Buyer and Seller Statistics

Home Buyer Statistics

First-Time vs. Repeat Buyers:

First-time buyers: 34%

Median age of first-time buyers: 32

Median age of repeat buyers: 54

Median household income of first-time buyers: $75,000

Median household income of repeat buyers: $97,000

The typical home purchased was 1,870 square feet in size, was built in 1991, and had three bedrooms and two bathrooms.

Among those who financed their…

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Envoy’s Jumbo EXPANDED Program

Here is a new program from one of my preferred lenders:

LOOKING FOR A NON-QM JUMBO PRODUCT?

Take a look at Envoy’s Jumbo EXPANDED Program – 24 Months Banks Statement Program

24 Months Bank Statement Program:

Self-employed borrowers only

All borrowers listed on account must be borrowers on the loan

24 months consecutive bank statements

Minimum FICO 700

80% LTV up to $750,000

75% LTV up to…

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Is a VA Loan a good option for you?

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For the vast majority of military borrowers, VA loans represent the most powerful lending program on the market and one of the best benefits provided for their service to our country. These flexible, no-down payment loans have helped more than 20 million service members become homeowners since its inception. The VA loan is a $0 down payment mortgage option available…

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US Housing Market Predictions for 2019

Interest Rates

According to Freddie Mac, the monthly average commitment rate And points On 30-Year Fixed-Rate Mortgages started January 2018 at 4.03 with 0.5 points. As of October 2018, the monthly average commitment rate And points On 30-Year Fixed-Rate Mortgages is at 4.83 with 0.5 points. Thus, the interest rates continue to increase.

Employment

In September, the U.S. economy added 134,000…

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FHA loans are not just for people with low income

Here is an interesting article written by one of my preferred lenders:

The FHA myth: FHA loans are only for people with low income.

The FHA truth: FHA loans are also for people who don’t want to put down the traditional 20% on a conventional loan.

Low down payments are what normally drive borrowers to a FHA loan. While FHA loans were originally developed to help borrowers with less than perfect…

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The bad side of tax cuts will have the Federal Reserve increase interest rates.

Interest rates are likely to increase following enactment of the recent tax reform bill (Tax Cuts and Jobs Act (TCJA), passed in December 2017,). With too much success, the Federal Reserve will probably increase interest rates for the fear of raising inflation. These pro-growth provisions will likely encourage additional capital investment. During this period, the higher interest rates will help…

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Selling Homes with a Real Estate Agent in Florida

Most people selling their home in Florida work with a licensed real estate broker or agent. A good real estate agent will help you with the following:

pricing your house, based on comparative market analysis (or comps similar to an appraisal), that helps set the current values of similar homes in your area;

market your house to prospective buyers; and

handle other tasks, such as reviewing house…

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Interest Rates Are Likely to Continue to Increase

After nearly a decade of low-interest rates, the Federal Reserve has started increasing the federal funds rates (the interest rate that it charges banks) and the banks are also raising rates they charge to consumers (the consumer). While it brings higher costs for borrowers, it going to help savers with higher returns. Consumer discretionary spending traditionally moves in the same direction…

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A couple of reasons that we are not heading for a housing bubble

Here are some best reasons that we are not heading toward a housing bubble:

Foreclosure rates are down. A major cause of the housing crash last decade was the number of foreclosures that hit the market. According to ATTOM Data Resources, there were reported on 676,535 U.S. properties in 2017, down 27 percent from 2016 and down 76 percent from a peak of nearly 2.9 million in 2010 to the lowest…

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A couple of reasons that we are not heading for a housing bubble

Here are some best reasons that we are not heading toward a housing bubble:

Foreclosure rates are down. A major cause of the housing crash last decade was the number of foreclosures that hit the market. According to ATTOM Data Resources, there were reported on 676,535 U.S. properties in 2017, down 27 percent from 2016 and down 76 percent from a peak of nearly 2.9 million in 2010 to the lowest…

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Tampa Bay Single Family Market Update August 2018

We have presented an overview of the national, state and Tampa Bay County Residential market.

National and Regional Single Family Market

According to NAR, existing single family homes sales have decreased with projected annual sales of 5,380,000 units in June 2018 annually versus 5,500,000 units in November 2016. Statistics in the South have increased slightly with annual sales in June 2018 of…

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Today's Golf Course Industry

Today’s Golf Course Industry

The primary data source used to form my opinions was National Golf Foundation publications. In most cases, this information is quoted verbatim. There are three generally accepted traditional categories of golf courses; municipal, daily fee, and private courses.

NATIONAL MARKET TRENDS

The golf course industry continued to undergo a slow and steady cycle of self-balancing in 2017. This…

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An established luxury residential condominium development known as “Sunset Pointe at Collany Key” has units available in its third phase. This development is located in southern tip of Pinellas County, which is one of the most populated counties in Florida and part of Tampa Bay community. These units provide spectacular natural views coupled with a premier amenity package. The Phase 3 building will contain 30 luxury, three bedroom, three and one half luxury residential units ranging in size from 2,721 to 2,939 square feet of living area with large front and rear balconies as well as garages on the first level. Although the top units provided unparalleled panoramic views of the Gulf of Mexico, the second floor units will feature oversized balconies with private stairs and dramatic water front views. The community amenities package includes a waterfront resort style heated pool and spa, fitness room, outdoor kitchen and meeting area, sunset pavilion, and nature trail. The prices sill start at $1,265,250. If you are interested, please feel free to contact me.

In the Real Estate Market?

You should consider using a realtor. I could save you money especially with new home builders and it does not cost you anything. So why not? Let me save you money!!! If you are interested in buying real estate (new home, existing home, or commercial property), please contact me (Alan Lane with Signature Realty Associates at 2234 Lithia Center Lane, Valrico, Florida). As a life long resident of Central Florida, I can help you find the right property for you whether it is in Orlando or as far south as Sarasota. My email address is [email protected], or call me at 813.205.9280. If you are just starting your search, you can search the MLS for real estate opportunities on my website at this link

Sunset Pointe at Collany Key An established luxury residential condominium development known as "Sunset Pointe at Collany Key" has units available in its third phase.

Tampa Bay Residential Condominium Market

I have presented an overview of the national, state and Pinellas County residential market. I have relied on statistics provided by NAR (National Association of Realtors), FAR (Florida Association of Realtors), and GTAR (Greater Tampa Area of Realtors).

National and Regional Condominium Market

According to NAR, existing Condominium sales have decreased slightly with projected annual sales of…

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#Google #marketing #Statistics #Tampa #Tampa Bay #Tampa Bay Area #Tampa-St. Petersburg-Clearwater

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