According to Florida Realtors, there were 22,917 closed sales in August 2023. All of these buyers and sellers went through the process of coming to a purchase agreement. Part of that process may have involved escrow. Escrow money plays an important role in ensuring a...
real estate banking & finance
Explaining home equity loans and lines of credit
As you look to finance a mortgage for a house, using the property as collateral is not your only option. Some houses build up significant equity. When it comes to tapping into the value of your residence, home equity loans and home equity lines of credit are two...
Is a construction project delayed due to a contract dispute?
There are many reasons for construction delays, but when the delay is related to the building of your new residence or office complex, frustration quickly sets in. A construction contract dispute might be at the heart of the problem. A clear, well-written document...
5 tips to help you find the best mortgage lender
If you are entering the real estate market for the first time, you will want to find a lender who can provide the best mortgage loan for your circumstances. In Florida, the field is competitive. Here are five tips to help you find the best lender for the property you...
When may a bank require a home inspection to approve a mortgage?
The type of home loan you apply for may determine whether your lender requires an inspection before granting an approval. As described by The Mortgage Reports, conventional loans may not require inspections because the U.S. government does not guarantee them....
How two unmarried Floridians may buy a home together
Florida’s statutes allow two unmarried individuals to purchase a home together. When buying property as a duo, the parties may establish homeownership through a tenancy in common, as noted on the Florida Legislature website. As described by U.S. News, tenancy in...
What is a quiet title action in the state of Florida?
Congratulations! You may have found your dream home, but unfortunately, there is a cloud on the title. A quiet title action may be necessary before you can purchase the property. What does this mean and how does it work? The process A quiet title action is a legal...
How may a self-employed individual qualify for a mortgage?
Myths about self-employed individuals include they must earn enough income to buy a home without financing it. You may, however, qualify for traditional residential mortgages such as FHA and VA loans if you show stable income from a business or dividends. As noted by...
Understanding the purpose of closing costs
The financial aspect of buying and selling real estate in Florida encompasses several factors. Closing costs, in particular, reference the money required to cover various aspects of a transfer in homeownership. When buyers and sellers understand what closing costs...
Can pre-approval improve your chances of getting a home loan
Seeking pre-approval for a home loan in Florida is just the beginning of the financing process. Your vigilance in following the steps may increase your chances of pre-approval. Once you have a formal pre-approval document in hand, you can use it to your advantage as...





