Category Archives: Mortgages & Financial Info

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How To Buy a Condo in Tampa Bay

The process of purchasing a condo in Florida with a mortgage loan can be a hurdle-jumping experience. Add to that an investment loan instead of a primary residence or secondary/vacation home loan, and there can be plenty of surprises during the underwriting process. Once a buyer is qualified and approved, next is the process of…
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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.…
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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…
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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…
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