Years ago, credit scoring had little to do with mortgage lending. When reviewing the credit worthiness of a borrower, an underwriter would make a subjective decision based on past payment history. Then things changed. Lenders studied the relationship between credit scores and mortgage delinquencies. There was a definite relationship. Almost half of those borrowers with […]
Buying a home is an exciting experience, but it can feel a bit overwhelming if you don't have the right information. Check out these helpful resources about the home buying process. When you're ready, give the All Florida Home Team a call at 786-453-8097 to tour available homes in Coconut Grove, Coral Gables, Miami Beach, Palmetto Bay, Pinecrest, South Miami, Cutler Bay, Aventura, Bal Harbour, Miami Shores areas.
When you apply for a mortgage loan, you expect your lender to pull a credit report and look at whether you’ve made your payments on time. What you may not expect is that they seem to be more interested in your FICO® score. “What’s a FICO® score?” is a common reaction. Each time your credit […]
If you love your neighborhood but need more space, you might consider an addition to your home. If expanding on the first floor is not an option, then adding a second floor might be an option. Unlike ground-level expansions, adding a second floor is more complicated—before you embark on this kind of project, there are […]
Self-employed borrowers have always had to jump through a few hoops to finance or refinance their homes. Without a traditional paycheck, lenders look for other ways to document income.
We’re proud to share that we’re Move Safe Certified with HomeLight! Our team is using the best tools and practices including meeting with clients virtually, practicing safety protocol for showings, and using an e-sign platform for the transfer and signature of documents. We’re here to help buyers and sellers navigate through these challenging times.
Why Virtual Home Searches And Tours During COVID-19 Might Be Advantageous To Sellers In the span of a few weeks, every aspect of our lives became virtual: yoga classes, work meetings, happy hours, and even, home tours. Yes, that’s right, real estate has also entered the realm of the virtual in this COVID-19 world. As […]