Explore Altamonte Springs, FL
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
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  The Federal Reserve released its December 14 meeting minutes Tuesday afternoon. There wasn't much there to disturb mortgage markets, thankfully. The "Fed Minutes" is an official recap of the most recent meeting of the Federal Open Market Committee. It's published 8 times annually, 3 weeks after the FOMC adjourns. The Fed Minutes is similar to......   Read the COMPLETE BLOG POST HERE: The Fed Minutes Keep Mortgage Rates On Hold (For Now)
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 2
The housing market continues to expand, and surprise. According to the National Association of REALTORS®, November's Pending Home Sales Index gained 3 percent from October. A "pending home sale" is a home under contract but not yet closed.  The index is now at its highest point since April 2010's federal tax credit contract expiration deadline. If the tax credit really did "borrow" sales from the summer months, as has been theorized, housing has rebuilt its.....   Read the COMPLETE BLOG POST HERE: Pending Home Sales Rises To 6-Month High
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 5
  When a garbage disposal clogs, a plumber's service call in Lake Mary can cost as much as $100 just for showing up. A "fix" could add even more to that bill. To minimize the likelihood of costly repairs, therefore, be mindful of how your disposal works, and where its limitations lie. Most clogs are the result of how certain food waste reacts with water and there's some items you......   Read the COMPLETE BLOG POST HERE: Foods That Don't Belong In A Garbage Disposal
By Alex F, Central Florida, Realtor
(Charles Rutenberg Realty)
Comments 0
Altamonte Springs Florida Market Statistics December 2010   Altamonte Springs, Florida consists of zip codes 32714 and 32701 located in Seminole County. The results of this report are separated by the two area codes and by property style. The statistics do not include properties sold "For Sale Buy Owner" nor custom built new homes. These are only past month results, in order to get a better understanding of the market it is suggested to use a compilation of several months results.   Zip Code: 32714 Single Family Homes Sold 20 Townhome/Condos Sold 28 Average List Price $118,693 Average List Price $50,828 Average Sales Price $108,855 Average Sales Price $48,683 Average Days on Market 165 Average Days on Market 76 Lowest Priced home Sold $12,000 Highest Priced home Sold $219,000 $12,000, 3...
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 0
While the actual credit score has a big impact on a loan approval, it's not the only component of the credit scenario that underwriters consider for a mortgage approval. Since loan programs, individual lenders and mortgage insurance companies all have their own credit report restrictions, it's difficult to define a standard Rule-of-Thumb to follow. However, the number of "Open and Active Trade Lines" seems to be the common denominator in most approvals. A trade line is basically a credit card, installment loan or other credit liability that is reported to the credit bureaus and displayed on a.....   Read the COMPLETE BLOG POST HERE: Is There A Rule-of-Thumb Regarding The Number Of Credit Lines To Have Open?
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 0
  The Case-Shiller Index posted awful numbers in its most recent reading. Each of the index's 20 tracked markets showed home price deterioration between September's and October's respective reports. Some markets fell as much as 2.9 percent. The drop in values is nothing about which to panic, however. The Case-Shiller Index is just re-reporting what we already knew. It's a......   Read the COMPLETE BLOG POST HERE: Why You Shouldn't Put Too Much Faith In October's Case-Shiller Index  
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 4
  With 2010 coming to a close, the "experts" are out in full force, making predictions for next year's housing and mortgage markets on business television and in the papers. Predictions for 2011 are wide-ranging: Some say home prices will rise in 2011 Some say home prices will fall in 2011 Some say mortgage rates will rise in 2011 Some say mortgage rates will fall in 2011 The problem with housing and mortgage predictions is.....   Read the COMPLETE BLOG POST HERE: Housing And Mortgage Predictions For 2011  
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 1
  Like most housing data in November, the most recent New Home Sales report showed sales volume increasing last month, and home supplies falling. According to the U.S. Department of Commerce, sales of new, single-family homes increased to 290,000 in November on an annual basis, a figure equal to the New Home Sales 6-month rolling average, and a 6 percent improvement from....   Read the COMPLETE BLOG POST HERE: New Home Sales Rise In November; Hint At Strong Winter 2011
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 2
    Americans spend a lot of time cooking and eating in their kitchens. What are you doing to keep yours germ- and bacteria-free? In this two-part, 6-minute video from NBC's The Today Show, you'll first ride alongside a county health inspector as he visits a home and inspects its kitchen. The tested areas include the refrigerator, the cutting boards, the sponges, the utensils, the ovens, and more. Ultimately, the home "passes", but not before the inspector points out some problems from which we all can.....   Read the COMPLETE BLOG POST HERE: Would Your Kitchen Pass A Health Inspection?    
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 0
  Existing Home Sales jumped another 6 percent in November, the report's third month of improvement since bottoming in July. According to the National Association of REALTORS®, a quarter-million more existing homes were sold during the annual period ending in November as compared to......   Read the COMPLETE BLOG POST HERE: Home Inventory Dwindles Into The New Year
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 1
  The number of single-family Housing Starts increased in November, adding 30,000 units as compared to October. The Census Bureau defines a "housing start" as a home on which construction has started. November's starts represents a 7 percent increase from the month prior. However, if you see the Housing Starts story online or in......   Read the COMPLETE BLOG POST HERE: Housing Starts Rise In November, But With A High Margin Of Error  
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 2
  According to foreclosure-tracking firm RealtyTrac, the foreclosure filings fell 21 percent in November to 262,339 units nationwide. A foreclosure filing is defined as default notice, scheduled auction, or bank repossession.  November marked the first time since February 2009 that the number of monthly filings failed to.......   Foreclosure Activity Plunges (But With An Asterisk)    
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 5
    Over time, wooden furniture shows signs of age. Wear-and-tear from everyday use can lead to dings and scratches that are both distressing, and unsightly. But before you bring your piece to a specialist for repair, you can try the much-less-expensive, do-it-yourself route. In this 50-second video from HowCast, you'll learn how to...... Read the COMPLETE BLOG POST HERE: How To Erase Furniture Scratches With A Walnut
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 1
While the basic Rule-of-Thumb for acceptable credit history is a minimum of four trade lines documented on a credit report, there are alternative methods of building a credit picture that an underwriter can use to make a decision for a loan approval. For potential home buyers with little or no credit history, keeping records for 12 months of paying bills on time is essential for mortgage loan approval. In fact, loan officers will appreciate receiving proof that you have paid a variety of accounts regularly and on time. Even if you do not have a credit history, or your credit report isn't as good as it could be, this may enable you to.......   Read the COMPLETE BLOG POST HERE: Alternate Sources For Establishing Credit
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 0
  Home builder confidence is holding firm this month, according to the National Association of Home Builders. The group's monthly Housing Market Index survey posted 16 for December. That's the same value as from November. It's also equal to this 2010's average HMI reading. HMI is scored on a scale of......   Read the COMPLETE BLOG POST HERE: Why Builder Confidence Surveys Matter To Buyers Of New Homes  
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 0
  Loan-level pricing adjustments are mandatory loan fees based on a borrower's specific default risk. First introduced in 2008, LLPAs were Fannie Mae's and Freddie Mac's logical response to massive balance sheet losses. At the time, the housing market was.......   Read the COMPLETE BLOG POST HERE: Simple Real Estate Definitions : Loan-Level Pricing Adjustments
By Rob Arnold, Metro Orlando Full Service - Investor Friendly & F
(Sand Dollar Realty Group, Inc.)
Comments 0
The November 2010 monthly Orlando real estate market statistics have been reported by the Orlando Regional Realtor Association.  Here is a direct link to the full report details. Below is a breakdown of the numbers. This covers Orange County and Seminole County Florida, including the cities of Orlando, Winter Park, Maitland, Windermere, Apopka, Ocoee, Altamonte Springs, Longwood, Sanford, Casselberry, Oviedo, Winter Springs, and Lake Mary.                  Inventory    New Listings    New Pendings   Under Contract     Closed    Days on Market Nov 2009       16,002        3758                 3023                 8633                 2329           85 Aug 2010      16,535         4146                 3892                 8945                 2566           83 Sept 2010     16,359        ...
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 0
  Today, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged within in its target range of 0.000-0.250 percent. In its press release, the FOMC noted that since November's meeting, the "economic recovery is continuing", but at a pace deemed too slow to make a material impact on unemployment rates. It also said that household spending in......   Read the COMPLETE BLOG POST HERE: A Simple Explanation Of The Federal Reserve Statement (December 14, 2010 Edition)
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 0
  The Federal Open Market Committee holds a one-day meeting today, its 8th scheduled meeting of the year and 10th overall. The FOMC is part of the Federal Reserve, the government group that sets U.S. monetary policy. The Fed's primary policy-setting tool is an interest rate known as the Fed Funds Rate.  The Fed Funds Rate is the interest rate at which banks borrow money from each other.  2 years ago Thursday, in an effort to jump-start the economy, the FOMC met and voted to lower the Fed Funds Rate to.....   Read the COMPLETE BLOG POST HERE: Make A Mortgage Rate Strategy Ahead Of Today's Fed Meeting
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 2
  BusinessWeek recently released its America's Best Place to Raise a Family list. Chicago suburb Tinley Park, Illinois, topped the list. 2010 marks the second straight year that a Chicago suburb took top honors. Last year's winner was Mount Prospect, Illinois. The BusinessWeek survey uses data from Onboard Informatics, compiling statistics in......   Read the COMPLETYE BLOG POST HERE: Rankings : America's Best Places To Raise A Family (2010)

Altamonte Springs, FL Real Estate Professionals