Tampa Real Estate Blog

  • New Changes to the HUD-1

    WASHINGTON – Feb. 6, 2015 – On Aug. 1, real estate and industry professionals should be prepared for a timetable change: It will become much more difficult to make last-minute changes within three days of closing. The Consumer Financial Protection Bureau (CFPB) is combining mortgage forms and disclosure documents, and clients will get them earlier. That means any changes done Continue Reading

  • Why do I never receive a tax refund?

    When tax season rolls around, are you surprised as to why you owe money to the IRS? Where is your refund check? Read below to find answers. How many allowances are you claiming on your Form W-4 (Employee’s Withholding Allowance Certificate)? VERY IMPORTANT! This determines how much tax is taken from your pay and the size of your tax refund Continue Reading

  • How are credit scores calculated?

    Have you ever wondered how your credit score is calculated? Credit scoring models use the following information when evaluating a score: Of the score, 35% comes from the payment history with higher weight for recent history.  If late payments, collections, and/or a bankruptcy appear in the credit report, they are subtracted from the score. Outstanding debt is very close in Continue Reading

  • When Is Your First Mortgage Payment Due?

    As a home buyer, when you finally get to the closing table and receive keys to your new home, a great question to ask is….when is your first mortgage payment due? Unlike a rent payment (paid in advance), your mortgage payment is paid after the fact (paid in arrears). When buying a home and obtaining a mortgage, interest is collected Continue Reading