It is not every day, that a complete shift in federal policy concerning financial institutions occurs. This week, Palm State Mortgage brings you a look at the new perspectives on Fannie Mae and Freddie Mac. These shifts in policy were introduced Tuesday by Melvin L. Watt. As you might know, he is the federal overseer…Details
At Palm State Mortgage Company, we can not promise that Love is Sweeter the Second Time Around, like the old song says. However, at this time, a second home purchase might bring you some sweet financial results.
Experts are saying, “If you have been toying with the idea of buying a second home, now could be a good time to take the leap. Interest rates are still historically low and home prices are recovering from the bust, but aren’t out of reach.”
Likewise, Edward Achtner, a Bank of America regional sales executive in California, stated, “What our customers tell us, and what the data tell us, is that for an individual who is well-qualified and who clearly wants to purchase that second home, this is an outstanding time to buy.”
“Growth in the equity markets has greatly benefited high-net-worth households, thereby providing the wherewithal andDetails
DTI is an abbreviation for your “Debt To Income Ratio.” If you are house hunting or preparing to find a good mortgage package, then you might have heard this term from a banker or your financial planner. Today, the Palm State Mortgage Company will explain this phrase and its importance to your household budget, as…Details