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Often wonder what that number in your closing cost column is paying for?  Of all parties involved in the purchase and sale of a Jacksonville fl real estate transaction, many people feel that the title companies are the ones walking away with most of the cash.  After all, they do own the biggest, most plush buildings besides the corporate banks!  While no one enjoys paying title insurance costs, no one ever gets out of it either, unless you’re paying for a new property in cash.  Even then, this is one insurance that isn’t wise avoiding.  With closing costs being a huge expense, along with money signed away in a matter of minutes, you can rest assured this is what you get with your hard earned cash:


1.  Title insurance expense is not a recurring…

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 In comparing loans for your new Jacksonville home, keep the following in mind.  Closing costs are split into two main categories: the closing costs controlled by the lender which vary from place to place and closing costs not controlled by the lender that will not be negotiated. 

 

The Process

 

You will first obtain a "Good Faith Estimate" of closing costs when talking to a mortgage lender.  It is your right to receive a copy although they may send it to you within three business days of your application.

 

Remember, the mortgage lender is not the only one charging all of your final closing costs, nor do they know what all the costs will actually be. They will normally give you a higher end estimate based on an educated guess from…

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Updated 9/8/14 from Conversation on Activerain.com

When you decide to sell your St Augustine home, it is a natural process to deliberate the timing,  develop a plan where to move after the sale, and eventually reach a point where you are finally ready to hire a Realtor to list it.  When you arrive at this crucial point, consider the following facts before you decide to get involved, or allow the professional handle the details of the sale.

Overpricing is Futile

One of the biggest deceptions a seller will fall into is believing that the last appraisal they received during the re-financing of their home is what their house is worth.  Mortgage representatives excel in their positions, and obtain necessary documents to take care of their clients…

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Want to Know Where Interest Rates Are Heading?


Knowing whether to lock your rate or play the market is always a hard decision.  You should discuss this decision in depth with your mortgage lender or broker so that you can get all of your questions answered.  However, to get a jump start on your decision making this is a quick and dirty way to figure out if interest rates will be going up or down.

First, Don't Watch the Following Indicators:

 

  • Today's Headlines
  • Last Week's Data
  • Yesterday's Data
  • 10-Year Treasury Note
  • Talking Heads on the News


As the attached article details the 10 Year Treasury Note was up 81 basis points but mortgage rates rose .25%.  So if you were following the 10 Year Treasury…

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