What is a Municipality?

A municipality is an incorporated area of the county such as a City, Town or Village.

What are Improvements?

Improvements are buildings or other relatively permanent structures, such as extra features, located on or attached to the land

What Are the FHA Loan Limits for My Area?

FHA loan limits restrict the size of mortgages that can be insured by the Federal Housing Administration (FHA).   You can look up the FHA loan limits for your area.

If Your Loan Was Declined by One Lender, Can You Use Another Lender?

Yes, ..sometimes one Lender will decline a Buyer and deny a deal.   As a Buyer, you can find a new mortgage Lender.   When a Buyer has a loan declined for any reason, he or she should ask for a detailed explanation of the facts (and request a denial letter) to provide to the new Lender.    Always give the new Lender as much information as possible to avoid getting denied again.

What is a USDA loan?

U.S Department of Agriculture (USDA) mortgages which are also called rural housing mortgages, help borrowers purchase in rural areas with 100 % financing.   Click to find out if a house is in an eligible location of Florida.

Do You Want to Purchase Property Like a Pro?

Click on this link… How to Purchase Property Like a Pro.

What is a Sale-leaseback?

A sale-leaseback is a transaction where a company sells the real estate it owns and then leases the same space back on a long-term lease.    This is a popular way to free up capital for business expansion

What is a Notary Fee?

A notary may charge for affixing her name and seal to various documents authenticating the parties’ execution of these documents.

What is a Survey Fee?

The Title insurance company or Lender may require a survey of the property if you are obtaining a mortgage loan.  The survey is to verify the boundaries of the property and that your lot has not been encroached upon by any structures.   Costs for a survey typically range from $250-$350.

Usually the Borrower pays for the survey fee but sometimes the Seller pays if it was agreed to in the purchase contract.

What is a Credit Report Fee?

The credit report fee covers thte cost of the credit report, which shows the Lender the Borrower’s attitude and willingness to pay debt on time.  The three major national credit bureaus are Equifax, TransUnion, and Experian and they supply Lenders with the information on your credit.