Tag: #YourTrustedRealtor

Down payment assistance program for home buyers

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You have been working hard on getting your credit score up, you have been saving for the down payment and you are almost ready to be pre-qualified for a mortgage to buy a house and you vaguely remember that somewhere you heard about some Government help for first time home buyers.

You start your research and it gets complicated quick, so you are tempted to drop the ball and move on, however you found ME and this very informative blog to get you a bit more digested info about the down payment assistance program.

  • Programs vary by State and County
  • Your lender needs to be part of the authorized DPA lenders
  • Income limits apply and this changes by County as well
  • FHA and Conventional loans can benefit from the DPA
  • Your credit score needs to be +640 to qualify
  • You can use the funds for the down payment and closing costs
  • The property itself needs to meet a minimum criteria
  • You will have to take a course about how the DPA works

If you are looking for a Mortgage Loan Officer who can assist you with a mortgage and the down payment assistance program, give me a call, I will be happy to recommend you a true professional.

Clarisa Moody – 813 446 2003

If you like this blog entry, make sure to subscribe to my Newsletter and you will receive interesting information about Real Estate, finances and home management.

www.ClarisaMoodyRealtor.com

Real Estate investing in Central Florida

If you have been thinking about buying a second property or add another investment to your real estate portfolio, here are 5 reasons why Central Florida is the perfect place to invest:

  1. Houses prices are still accessible compared to other States and financing for second, third house or investment property is affordable
  2.  It is becoming more populated and this mean more demand for rentals
  3. Tax friendly State and one of the best States for business, boosting a growing economy
  4. Good weather year around, the beautiful beaches, theme park & attractions and many outdoor activities make it a good vacation destination, which translates in short term rental demand (Airbnb, vrbo)
  5. Good quality of life which brings many senior citizens from northers States and snow-birds boosting the demand for seasonal rentals

Are you ready to buy your investment property in Central Florida? Give me a call, I will be happy to assist you, 813 446 2003

Clarisa Moody

If you like this blog entry, make sure to subscribe to my Newsletter and you will receive interesting information about Real Estate, finances and home management.

www.ClarisaMoodyRealtor.com

Debt to Income Ratio

The DTI is the Debt To Income ratio, is used by lenders to establish your ability to repay the loan. Remember, your credit worthiness is based on your credit score and both go hand to hand when you are trying to qualify for a mortgage.

Your income is confirmed with your paystubs and tax return, while your debt is confirmed through your credit report. The ideal DTI to qualify for a mortgage is 50% or less (there are exceptions but let’s keep it safe).

Examples of 2 loan applicants, they both make the same amount per month, but they handle their finances different. The first one possibly won’t qualify for a $1,200 mortgage while the second one will do for $1,500 easily (House priced at $250,000 – $280,000).

www.ClarisaMoodyRealtor.com

Make sure you have your debt under control and make your house buying goal a priority. Remember, sometimes –“ We buy things we don’t need with money we don’t have to impress people we don’t like” Dave Ramsey

Are you ready to buy your dream home? Give me a call, I will be happy to guide you.

Clarisa Moody

If you like this blog entry, make sure to subscribe to my Newsletter and you will receive interesting information about Real Estate, finances and home management.

www.ClarisaMoodyRealtor.com

Relación deuda – ingresos (DTI)

El ratio de deuda vs ingreso (DTI), es utilizado por el banco o la compañía de hipoteca (mortgage) para establecer su habilidad de repago. Recuerde, su solvencia crediticia es establecida por su puntaje de credito, y va de la mano con el DTI al momento de establecer si calificaría para una hipoteca.

Sus ingresos son confirmados con sus boletas o nóminas de pago (paystubs), mientas que su deuda es confirmada a través de su reporte de credito.  El DTI ideal para calificar a una hipoteca es de 50% o menos (Pueden haber excepciones, pero mantengámoslo en un porcentaje seguro).

Ejemplo de 2 aplicantes / compradores; ambos tienen un ingreso mensual de $4,000 pero manejan sus finanzas de manera diferente. El primero posiblemente no califique a una hipoteca de $1,200 mientras que el segundo podría calificar a una hipoteca de $1,500 o quizás un poco más (Casa con un valor de $250,000 a $280,000).

www.ClarisaMoodyRealtor.com

Asegúrese de mantener sus deudas bajo control y hacer su meta de comprar una casa su prioridad y recuerde que a veces “Compramos cosas que no necesitamos con dinero que no tenemos para impresionar a gente que no nos cae bien” – Dave Ramsey

 Esta listo para comprar su casa? Llámeme, con gusto le ayudare.

Clarisa Moody

Si le gustó  esta entrada del Blog, suscríbase al Newsletter para que reciba periódicamente información interesante de Bienes Raíces, finanzas y manejo del hogar

www.ClarisaMoodyRealtor.com

How to choose a Realtor?

It is very important to select the right Realtor or Real Estate agent when you are looking to sell your house, buy your first home or investment property. The “29 days sold guarantee” is only a commercial gimmick; there are more important things than the budget of your realtor to get publicity on TV or a fancy magazine.

Here are 5 things you need to pay attention to when you choose a Realtor:

  1. Communications skills.- Not only picking up the phone, but also to dedicate you the necessary time to explain you and guide you in the process
  2. Experience.- Having sales under the belt gives your Realtor the knowledge to act fast in different situations and be more helpful if the transaction is complicated
  3. Market knowledge.- Preferably choose someone who lives or serve the specific area you live or want to live
  4. Personal rapport.-  Call the Realtors you would like to work with and make questions, this is a great way to know if the person on the other side of the line will be helpful or not
  5. Make your research.-  Check if your Realtor is licensed, we hold a license to protect the consumers and be accountable for our actions. You can check a Realtor license in the following link:  https://www.myfloridalicense.com/wl11.asp?mode=0&SID=

Looking for a knowledgeable and trusted licensed Realtor? Give me a call, 813 446 2003

Clarisa Moody

If you like this blog entry, make sure to subscribe to my Newsletter and you will receive interesting information about Real Estate, finances and home management.

www.ClarisaMoodyRealtor.com

¿Cómo elegir un Realtor?

Es muy importante seleccionar al Realtor o Agente Inmobiliario correcto si está pensando en vender su casa, comprar su casa nueva o una propiedad de inversión. El comercial de “Vendido en 29 días garantizado” es solo eso, un comercial; hay cosas más importantes que el presupuesto de un Realtor para comerciales de TV y publicidad en revistas bonitas.

Revise las 5 cosas más importantes que tiene que considerar al escoger a su Realtor:

  1. Habilidad para la comunicación.- No solo contestar el teléfono, sino también dedicarle el tiempo necesario para explicarle y guiarlo en el proceso. Si usted habla solo español, es vital que su Realtor sea bilingüe
  2. Experiencia.- Tener ventas comprobadas le brindara a su Realtor el conocimiento necesario para actual rápido y será mucho más útil si la transacción es complicada
  3. Conocimiento del mercado.- De preferencia elija a un Realtor que este familiarizado con el área en la que usted busca casa o en la que su casa se encuentra
  4. Relación personal.-  Lláme a los Realtors o Agentes con los que le gustaría trabajar y haga preguntas, así se asegurará de que está hablando con alguien que le ayudara o no. La disposición es muy importante.
  5. Investigue.- Chequee si el Realtor tiene licencia, estamos licenciados porque es nuestro deber de proteger al consumidor y somos responsables de nuestras acciones. Si desea verificar la licencia de un Realtor, lo puede hacer en el siguiente link:  https://www.myfloridalicense.com/wl11.asp?mode=0&SID=

Está buscando a un Realtor licenciado confiable y con conocimiento? Llámeme al 813 446 2003

Clarisa Moody

Si le gustó  esta entrada del Blog, suscríbase al Newsletter para que reciba periódicamente información interesante de Bienes Raíces, finanzas y manejo del hogar

www.ClarisaMoodyRealtor.com

10 TIPS for First-Time Home Buyers

Buying your first home is a big deal; therefore you have to prepare for it and make sure you are ready to success!

Here is are 10 tips for First Time Home Buyers

  1. Make buying your house your objective and set a timeline to achieve it
  2. Get in touch with a Realtor, it is free and you will have a professional on your side, I will love to help you buy your new home 😉
  3. Make sure you meet the minimum loan requirements for the loan before applying
  4. Save, save and save for your down payment, closing costs and other expenses
  5. Get your loan pre-approval before you go see houses
  6. Make sure to keep your credit score high during all the process
  7. Do not commit to any new debt in the home buying process period
  8. Look actively for a property, I recommend the app Homesnap, you can interact with me directly through it and send me your favourite houses
  9. Unless you buy a new construction, there are things that won’t be perfect at the house you like the most, a bit of compromise will be necessary
  10.  Follow your Realtor advise and make all the questions you want before and during the process

Are you ready to start? Give me a call and we will work on your house buying plan

Clarisa Moody – 813 446 2003

If you like this blog entry, make sure to subscribe to my Newsletter and you will receive interesting information about Real Estate, finances and home management.

www.ClarisaMoodyRealtor.com