The Orlando Condo Blog

Over the last few days, lenders have received many questions in regards to the availability of mortgage funds in the credit markets. Now that the Federal Government controls Fannie Mae and Freddie Mac in addition to FHA and VA, these traditional sources of mortgage funding are still readily available. In addition, working with a direct [...]

So I speak with buyers on a daily basis, and the vast majority wants to know how the so called “Credit Crunch” will affect them when it comes to buying a home. Have underwriting guidelines gotten tougher, is there really any money available for buyers with less than perfect credit, or heck what if I [...]

Fiction: Inquiries from multiple mortgage lenders while shopping for a loan will lower my credit score. Fact: Looking for a mortgage or an auto loan may cause multiple lenders to request your credit report, even though you’re only looking for one loan. To compensate for this, the score ignores all mortgage and auto inquiries made [...]

1.)  Selection, selection, selection. Regardless of the price range a buyer desires, there are plenty of homes from which to choose. Just a few years ago the resale inventory dropped so low that a buyer was forced to make compromises if they were going to locate to the home of their dreams. There is a [...]

Dear Sherry: What’s the difference between getting pre-approved and pre-qualified for a mortgage? I hear these terms used interchangeably – are they the same thing? Though a prequalification and a pre-approval may seem to be the same thing, the differences are quite significant. Both require specific information from homebuyers. But that’s where the similarity begins [...]