Does an FHA Loan Limit Your Jacksonville Home Buying Options?

Written by Jason Nelson on October 28, 2015
FHA Limitations

A few days back, we received a call from a reader asking if an FHA loan would limit his Jacksonville home buying options. Though we answered all of his questions, it occurred to us that many people considering an FHA-insured loan may not know whether or not certain homes for sale qualify for FHA financing. […]

The Truth about Discount Points: Are They Really Advantageous?

Written by Jason Nelson on October 21, 2015
Discount Points

Not too long ago, we wrote a blog post discussing how discount points can lower mortgage payments. Now, we go one step further and talk about the advantages and disadvantages of discount points. Since the introduction of mortgages, borrowers have been searching for a way to decrease their overall mortgage payments. Though purchasing discount points […]

What Is A USDA Loan? Am I Eligible?

Written by Jason Nelson on September 24, 2015
Man standing on front porch of home

The USDA loan program is designed to encourage rural development across the country. Insured by the U.S. Department of Agriculture, USDA loans offer no-money down mortgage financing, fixed interest rates, which are much lower than the national average of other fixed-rate mortgages, standard closing costs and repayment schedules, no prepayment penalties, and flexible terms and […]

3 Ways To Build Equity In Your Home

Written by Jason Nelson on September 7, 2015
home equity

Home equity is defined as the difference between the value of the property and the remaining balance on the mortgage. To build equity in your home, you need to increase its market value or reduce your mortgage’s balance. While the first requirement often involves major renovations, repairs, or upgrades (e.g. energy-efficient improvements, kitchen remodels, etc.), […]

Grants & Programs For The Florida First Time Home Buyers

Written by Jason Nelson on August 10, 2015
first time homebuyer

Every single state across the US makes available a variety of homeownership assistance programs for first time home buyers. Florida is no exception. Since property prices are rebounding due to high demand and low levels of housing inventory in the Sunshine State, finding a program that can improve the chances of purchasing and closing on […]