What Are Discount Points?

Financing:, Mortgages:

  On the hunt for a home mortgage in the Tampa Bay area and curious about Discount Points? Discount points allow you to lower your interest rate. While this video simplifies things to help you remember, “points” are essentially prepaid interest with each point...

What Is A Loan Payoff Letter?

Closing Documents, Selling

Are you selling a home in the Tampa Bay area that has a mortgage on it?   You may end up hearing the terms “Payoff” or “Payoff Letter” in the sales process of your property. This letter, issued by the lender, states a precise payoff amount that...

How Do I Choose The Right Lender For Me?

Buying, Financing:

  Are you looking for a lender in the Tampa Bay area? There are some great tips in this video. Choose your lender carefully. Look for financial stability and a reputation for customer satisfaction. Be sure to choose a company that gives helpful advice and that...

What Is The Debt-To-Income Ratio (DTI)?

Buying, Financing:, Mortgages:

  Starting the home buying process in the Tampa Bay area? One term you may hear your lender use is “DTI” or Debt-To-Income Ratio. Measuring your existing debts against your existing income is one part of a lender’s required assessment of your ability...