Q&A: After Surfside, What Should I Know About Condos?
Shaken by the recent disaster in Surfside, many condo owners wonder what they don’t know but should. A Q&A with specialists and attorneys provides some answers.
40-Year FHA, VA Home Loans Coming in October?
Ginnie Mae – the funding arm behind FHA and VA loans – created a new “pool type” to secure “modified loans with terms up to 40 years.” It’s essentially the funding groundwork to release a new type of 40-year loan that Ginnie Mae expects to start offering in October.
Drop Your Homeowners Insurer for State-Owned Citizens?
Some homeowners have no choice, but others can choose Citizens. In many cases, Citizens will save them money – but it comes with important caveats about claims.
Phone Running Out of Juice by Mid-Afternoon?
Certain apps may be draining the battery. And if your phone seems sluggish, check available memory. Some apps take a lot, which can slow down operations.
iBuying Returning to Pre-Pandemic Levels
It rose 21% quarter-to-quarter nationally, though down 6.1% year-to-year. In three Fla. cities noted in the study, about 1 out of 100 sales go to iBuyers.
Mortgage Rates Slide Below 3% Again
The average 30-year, fixed-rate mortgage has jumped over and under the 3% mark for months. This week it slid just below again, averaging 2.98%.
Florida Realtors: Take Home Safety Steps for July 4
Many people look forward to traveling, beaches and fireworks this July 4th – but remind Fla. homeowners to take steps to help make their homes safer over the holiday.
Scam Warning: ‘Pay a Fine or Lose Your Real Estate License’
A scam reported out of Pa. specifically targets real estate licensees. The caller says the agent missed jury duty and, unless they pay a fine, may lose their license.
FHFA Changes Modification Rules – More Owners Qualify for Refi
More at-risk homeowners with a loan-to-value ratio less than 80% can now qualify for a lower-interest-rate refinance if Fannie Mae or Freddie Mac own their loan.
New Challenge to Rising Supply Costs: Replacement Coverage
If disaster destroys a home, the owner’s “replacement coverage” should cover the cost of rebuilding – but maybe not if current building costs have outpaced policy limits.