Central Florida Real Estate TODAY

09/28/2024

this 3/2 may be taken by a dear friend the time you see it, so check out the 4/2 and 4/3 on the next showing.

09/18/2024

Weakness in the economy and satisfactory inflation reduction has forced the Fed to start its first monetary policy change since March 2020. We now have our .50 basis point interest rate cut.
additional cuts are subject to the data presented. (The soft landing) vs a guarantee they will continue to cut for the next 18 consecutive months. They usually only go aggressive like that when needed on panic mode. i.e. The great recession and Covid.

We are on month to month. they have and will always do what is needed to prevent a full on recession.

In the mean time, it’s a buyers market. Hit me up to discuss how to navigate the Real Estate world 🧭 through these times.

Central Florida Real Estate TODAY

09/05/2024

wow imagine owning these last two new construction homes and your own little private culd-de-sac with no neighbors just wilderness 🦅 and a railroad 🛤️
yet close enough to be in city limits. with just a few lots left to build, this is a great unique spot to own one or both!

09/04/2024

Why pay $350 per month to insure a 20 year old house when you can pay $75 for a brand new one?

08/04/2024

But Lou, if I buy a house now at a higher interest rate, knowing it will drop further with time, how soon and how difficult will it be to refinance later?

Answer:
While you can refi from FHA to conventional at anytime, doing this has more closing costs, and is often worth it when trying to eliminate the PMI for additional monthly savings.

In general, if you still dont have the 20% equity to eliminate your PMI on conventional, you can refinance an FHA loan through the FHA streamline refi, after meeting the following three seasoning requirements:

-You’ve made at least six payments on the loan
-It's been at least six months since the first payment was due
-The loan has been 210 days past the closing date.

When refinancing an FHA loan back into another FHA loan, you can use the FHA Streamline Refinance program, which doesn't require an appraisal, income documentation, or credit check.

In summary, FHA protects the consumer from being forced to pay higher rates making it easy to refinance. Winning!

With that all said, if you find your dream home, fear not and buy your dream home!

08/03/2024

Full disclosure, I have a personal bias as I recently purchased a Denali model from Meritage Homes. This August, we are shining the spotlight on Meritage Homes and exploring the whole-home benefits they offer. Take a look at this brief 3-minute introduction.

06/22/2024

Yes you can still buy brand new construction with little to no money down, and walk away with a 5.5% interest rate, Today!
620 credit + have $10k to close. The builder will cover the rest! Ask me where these move-in-ready gems can be found! Lou has you covered.

01/29/2024