July 10, 2019

Mortgage Interest Rates are at Historical Lows – Should You Refinance or Sell Your Home?

by Ashley Robertson

Some great ways to take advantage of today's low interest rates is to either refinance your current home or sell it while the market is still very active and buy a new one.  There are some benefits to consider with either of these options, and at the end of the day it’s about your unique situation and goals.

 

Refinance Your Homeà

One of the top reasons that many people refinance is to get a lower interest rate on their mortgage. Some even choose to buy points to lower their rate even more. With a lower rate, your payment will typically be lower, and that means you'll end up paying less for your home overall.

Or you may want to pay your mortgage debt in less time.

If you’re in a 30-year loan term, refinancing to a 15-year mortgage would enable you to own your home free and clear that much sooner. You could also build equity in your home faster if you take this route. The downside is that you’ll have a higher monthly payment, which could put a strain on your budget if you’re not careful.

You could also pay off/consolidate some debt you may have accumulated.

Maybe a credit card has gotten out of control and paying it off would give you some breathing room? Using our advanced system, I can run scenarios of your new proposed mortgage amount and interest rate with the debt added to the balance to get an example of what your new payment would be. We could then compare that to your current mortgage payment, credit card payment (interest and balance) and go over the options. Many times, this has saved our clients money on the overall amount they are paying out each month.

Keep in mind that just like there are closing costs outside of the down payment when buying a home, there are also closing costs when refinancing a home.

If there’s enough equity in your home, you would have the option of rolling those costs into the new loan or paying those costs at closing.

If you’re curious about these incredibly low rates and considering taking advantage by refinancing your home, then call or email me and let’s go over your options. You may be pleasantly surprised with what you could save each month. Call or email me anytime and we can go over this in more detail.

 

Sell Your Home or Rent It Out & Buy A New One!à

The market here in Central Florida is smoking hot—and I don’t mean that because of the heat index. The historically low rates along with being a rapidly growing and desirable area have people coming from all over the world to call Central Florida home.

You should consider calling Paul to help you with pricing your home and determining what (if any) equity you have. Statistics show 80-85% of homes sell for more money and less time when using a Realtor. He will market your home in various ways to find the right buyer for it. You can then use your net proceeds (if applicable) to go toward purchasing your next home--whether you’re down-sizing, up-sizing, or needing to relocate to a different area. Use Paul's cutting-edge home search and start exploring the available options out there that meet your criteria now.

Or maybe you're wanting to explore using your current home and today's active market by turning it into an investment property? Keep it, flip it into a rental, and move to another place. Let your renters pay one of your mortgages while you double your appreciation!

In this busy, fast-paced world, it’s more critical than ever to have a reliable and results-proven team supporting and guiding you. While it can be challenging and overwhelming at times during the buying and selling process, we are here to ensure you have the confidence you’re making the best choices possible to secure your future home and mortgage.

To us, there is nothing more rewarding than providing a level of service that reaps countless personal referrals. Call or email us today and let's go over your options.

Ashley Robertson | Mortgage Loan Officer | NMLS #1780571 | C. 407-399-8074 | arobertson@elementfunding.com 

Ashley Robertson is a wife, mom, native Floridian, and an experienced home loan originator for Element Funding, one of the nation's premier mortgage lenders. She provides full service for all of her clients to ensure that the home buying process is as seamless as possible. As a former top-producing real estate agent achieving $350-Million Career Sold with her team, Ashley's knowledge of the local housing market gives her clients the confidence that they are making the best choices possible to secure their future home and mortgage. 

Disclaimer: Primary Residential Mortgage, Inc., DBA Element Funding, NMLS #3094. PRMI is an Equal Housing Lender. This is not a commitment to lend. NMLS 1780571. 5401 South Kirkman Road Suite 490 Orlando, FL 32819.  407-367-5570.   Florida Office of Financial Regulation MLD646.

Posted in Homebuyer
June 6, 2019

Owning Vs. Renting – The Advantages of Owning Your Home In Orlando FL.

By Ashley Robertson

With mortgage interest rates at historic lows and rent payments on the rise, NOW is an affordable time to finance a mortgage with a fixed monthly payment lower than rent. For so many of us, the benefits of buying a home outweigh the advantages of renting.

“There’s something permanent, and extremely profound, in owning a home.” ~Kenny Guinn

In this article, we’ll go over renting versus owning, what a monthly mortgage payment could look like, how much money you might need for a down payment, how your credit score can affect what you qualify for, how your income and debt are factored in, and more.

I understand how overwhelming some of this can feel, and we’re here to support and guide you whenever you need it.

Email me anytime.

Benefits of Renting

FLEXIBILITY -> If you plan on making a move in less than five-six years, then renting may be the better option for you.

LITTLE OR NO MAINTENANCE -> Landlords and property managers oftentimes will handle the necessary home repairs.

UTILITIES MAY BE COVERED -> Sometimes utility payments are included in your monthly rent payment. This would be negotiated with the landlord of property manager in the rental agreement.

Benefits Of Owning

If you plan to stay in your home for more than five- six years, buying a home could save you thousands of dollars over renting. And don’t forget about the noisy neighbors upstairs!

TAX SAVINGS -> Mortgage loan interest is deducted from your state and federal income taxes, and a portion of your property taxes may also be deducted—like Homestead Exemption in Florida that provides homeowners a $25,000 deduction. * Please consult a tax professional about your specific situation and the tax savings benefits of homeownership.

STABILITY -> The principal and interest payments on a fixed mortgage will not change during the loan term, whereas rent payments may increase annually.

BUILD EQUITY -> In many markets, owning a home allows equity to build over the years, gaining appreciation and growing your investment.

“The ache for home lives in all of us, the safe place where we can go as we are and not be questioned.” — Maya Angelou

How Much Money Do You Need For A Down Payment?

I have access to a variety of different loan programs--from 100% financing, VA with $0 down to FHA and several conventional options starting from as little as 3% - 3.5% for a down payment. Your down payment can be a gift from a relative, your own money you’ve saved—or both. It CANNOT be borrowed funds.

**The 100% financing program available today have stricter requirements on income, debt, and credit score to qualify.

There are some other closing costs involved to also be mindful of. We’ll get to that in a minute. But first, look at the above example of $250,000 purchase price for an Orange County home in Central Florida. The blue fields show ownership compared to the purple showing rent. The first year may not be that different in payment, but by the 9th year there’s a significant difference. The gains over that same 9-year period along with the tax benefit reflect substantial net gains for the homeowner.

Now, back to closing costs. The fees can vary somewhat and a lot of them are fixed. There are however, a few fees associated with purchase price, loan amount, and the closing date. You can head over here to access my Home Buyer Guide where I go over this--and some other home buying info--in more detail. Once you have a property in mind, you can let me know the address and price and we can move forward to configure a more detailed and accurate Cost Estimate that shows the complete breakdown of fees and funds needed to close.

Buyers can ask the seller to help pay some of the closing costs to reduce the amount they would need to have for closing. This is one of the many advantages of working with exceptional Realtors like Paul. He can negotiate the best price along with various other terms that are in your best interest.

How Much Can You Afford?

When it comes to what you can afford, it’s important to consider your monthly budget—not just the loan amount you could get.  How much money do you have saved up for the down payment and upfront costs? Do you have any gift money from a relative you could use? How much extra money do you want to have every month that doesn’t go toward your house? What if an emergency happened?

These are just a few of the questions to consider.

A good mortgage lender (like me!) can help guide you to the best loan based on your unique budget and goals.

Getting Qualified – Four Main Criteria We Look At

Property, Assets, Income, Liabilities (Credit Score)

Just think of the word PAIL. The Property has to appraise for the purchase price or greater, and it must also be financeable. You will need enough Assets for a down payment and all closing and upfront costs. If the Seller is giving you a credit, we can factor that in. Your Income is broken down to a monthly amount and must be great enough to cover your monthly mortgage payment along with all of your other expenses. Your Credit Report will show your Liabilities and also provide your median score that will be used. We use debt-to-income ratios and credit scores to determine what loan program(s) are the best options for you. Your desired down payment is also a factor.

The things I’ll need from you to help you get Qualified:

        Your Personal Information (loan app) and permission to pull credit

        Your assets (current bank statements) and determine if some of your down payment will be gift funds from a relative.

        Your current income and job history for the past two years. Are you W2 or Self Employed?

        I’ll structure your debt-to-income ratios based on your income and liabilities found on your credit report, along with the best rates at the time of application to determine what you qualify for and show you scenarios with your monthly payment goals.

When you make an offer on a home, you will need to have an approval letter from your lender along with the contract, addendums, & escrow deposit. A Pre-Approval letter will make your offer stronger to the Seller—especially if you are competing with another buyer for the house.

Don’t Do List When You’re Buying A Home

  1. Don’t make large non-payroll deposits without talking to me, your lender
  2. Don’t open a different bank account
  3. Don’t change jobs, become self-employed or quit your job
  4. Don’t buy a car, truck, SUV, van, or any other vehicle
  5. Don’t buy furniture or appliances
  6. Don’t use credit cards excessively, let your accounts fall behind, or increase
    credit limits
  7. Don’t apply for any new credit accounts
  8. Don’t co-sign a loan for anyone
  9. Don’t spend money you’ve set aside for your home purchase
  10. Don’t take any Unpaid time off

This article provided you with some basic information to get you started on your Home Buying journey. As I mentioned before, your next step is to talk with your Lender (me!) and learn what price range you qualify within and get an idea of what your monthly budget and down payment will look like.

Let’s stay connected! We look forward to helping you with this exciting new chapter in your life! :)

~ Ashley

Ashley Robertson is a wife, mom, native Floridian, and an experienced home loan originator for Element Funding, one of the nation's premier mortgage lenders. She provides full service for all of her clients to ensure that the home buying process is as seamless as possible. As a former top-producing real estate agent achieving $350-Million Career Sold with her team, Ashley's knowledge of the local housing market gives her clients the confidence that they are making the best choices possible to secure their future home and mortgage. Head over to www.RobertsonHomeLoans.com for mortgage info and resources. NMLS 1780571.

Disclaimer: Primary Residential Mortgage, Inc., DBA Element Funding, NMLS #3094. PRMI is an Equal Housing Lender. This is not a commitment to lend. NMLS 1780571. 5401 South KIrkman Road Suite 490 Orlando, FL 32819.  407-367-5570.   Florida Office of Financial Regulation MLD646.

Posted in Homebuyer
March 7, 2019

Lakeshore by Toll Brothers new floor plan released

 Lakeshore by Toll Brothers

New Floor Plan Released! 

Meet The Bavaro Model!

2660 sq ft, 4-6 bedrooms, 3.5-4.5 bathrooms, priced from $457,995

EXCLUSIVE BUYER INCENTIVES! CALL TODAY 407-902-3188

Winter Garden, FL

 

Lakeshore is a luxury community located in the Horizon West area of Winter Garden. Amenities include The Lakehouse, state-of-the-art recreation center, lakes, kayak launch, playgrounds, walking trails, pool, fitness center and more. Featuring Townhomes, executive, and estate homes.

 

Toll Brothers has floor plans ranging from 2169 sq ft. to 4272 sq ft.

 

Lakeshore Executive Collection / priced from $421,995

Bavaro / 4-6 bedrooms, 3-4 bathrooms, two story, priced from $457,995 *NEWLY RELEASED*

Sabel / 3-4 bedrooms, 2-3 bathrooms, one story, priced from $421,995

Sebastian / 3-4 bedrooms, 3 bathrooms, one story, priced from $438,995

Sanibel / 3-4 bedrooms, 3-4 bathrooms, two story, priced from $477,995

Anthem / 4-6 bedrooms, 3-4 bathrooms, two story, priced from $484,995

Gardenia / 5-7 bedrooms, 4-5 bathrooms, two story, priced from $522,995

Madeira / 5-7 bedrooms, 4-5 bathrooms, two story, priced from $524,995

Robellini / 5-7 bedrooms, 4-5 bathrooms, two story, priced from $532,995

 

QUICK DELIVERY AVAILABLE:

Madeira Craftsman / 5 bedrooms, 4.5baths, 3811 sq ft., priced $599,995

 

Lakeshore Estates Collection / priced from $647,995

Teresina / 4-6 bedrooms, 3-4 bathrooms, one story, priced from $647,995

Avanti / 4-6 bedrooms, 3-4 bathrooms, two story, priced from $667,995

Bramante / 4-6 bedrooms, 4-5 bathrooms, two story, priced from $681,995

Maranello / 4-7 bedrooms, 4-6 bathrooms, two story, priced from $694,995

Santa Bella / 5-7 bedrooms, 5-6 bathrooms, two story, priced from $727,995

 

Paul Baker

Re/Max Prime Properties

HotPropertyFL.com

407-902-3188

 

 

 

 

 

 

 

 

 

 

 

Posted in Model Homes
March 6, 2019

Hamilton Gardens by Ryan Homes in Winter Garden FL

Hamilton Gardens by Ryan Homes 

New Homes in Winter Garden FL.

Hamilton Gardens is now open!

This community is located in the very desirable Horizon West neighborhood. Amenities include beach style pool, cabana, dog park, playground, nature gardens. Conveniently located near Hamlin Town Center, restaurants, retail and nature. 

 

Single family home pricing and floorplans

Townhome pricing and floorplans

 

Contact us for exclusive buyer incentives! 407-902-3188

 

Ryan Homes has 5 floor plans ranging from 1880 sq ft to 3136 sq ft.

Introductory Pricing.

Hamilton Bungalow

Dawson / 3 bedrooms, 2.5 baths, 2 car garage rear entry, two story, priced from $309,990

Hutchinson / 3 bedrooms, 2.5 baths, 2 car garage rear entry, two story, priced from $318,990

 

Hamilton Classic Series

Brookfield / 3 bedrooms, 2 baths, 2 car garage front entry, one story, priced from $346,990

Rochelle / 3-5 bedrooms, 2.5-4 baths, 2 car garage front entry, two story, priced from $386,990

Winterset / 4-5 bedrooms, 3.5-5.5 baths, 3 car garage tandem front entry, two story, priced from $399,990

 

Townhome plans and pricing to be announced. 

 

Paul Baker 407-902-3188

Remax Prime Properties

hotpropertyfl.com

 

 

 

 

 

Posted in Model Homes
March 5, 2019

Royal Cypress Preserve by Toll Brothers Orlando

Royal Cypress Preserve by Toll Brothers

New Homes in Orlando, FL.

Royal Cypress Preserve is a gated luxury community located in the highly desirable Dr. Phillips area of Orlando.

Buyer incentives are available contact us first. 407-902-3188

 

Toll Brothers has 11 floor plans ranging from 2199 sq ft to 4121 sq ft

Massiano / 3-5 bedrooms, 2-3 baths, one story, priced from $523,995

Sebastian / 3-5 bedrooms, 3-4 baths, one story, priced from $534,995

Stonehill / 3-5 bedrooms, 2-3 baths, two story, priced from $546,995

Sanibel / 3-5 bedrooms, 3-4 baths, two story, priced from $579,995

Wynngate / 4-6 bedrooms, 3-4 baths, two story, priced from $581,995

Bavaro / 4-6 bedrooms, 3-4 baths, two story, priced from $585,995

Arianna / 4-6 bedrooms, 4-5 baths, two story, priced from $603,995

Madeira / 5-7 bedrooms, 4-5 baths, two story, priced from $618,995

Gardenia / 5-7 bedrooms, 4-5 baths, two story, priced from $619,995

Robellini / 5-7 bedrooms, 4-5 baths, two story, priced from $622,995

Lexia / 3-5 bedrooms, 3-4 baths, two story

 

Amenities include a gated entrance, private clubhouse, resort-style swimming pool, state-of-the-art fitness center, neighborhood parks, community dock for canoe/kayak, exterior yard maintenance, pest control included in hoa.

Click Here for inventory homes and Floorplans

 

Paul Baker

Remax Prime Properties

Paul@hotpropertyfl.com

407-902-3188

Search all homes for sale in Central Florida at hotpropertyfl.com

Royal Cypress Preserve Orlando FL new homes

Posted in Model Homes
Feb. 28, 2019

Luxury Homes in Orlando, Havencrest by Taylor Morrison

Havencrest by Taylor Morrison

New Homes in Orlando FL.

 

Havencrest is a gated luxury community located in the highly desirable Dr. Phillips area of Orlando.

Link to Taylor Morrison pricing and floor plans. Buyer incentives are available contact us first.

Taylor Morrison has 5 floor plans ranging from 3314 sq ft to 4882 sq ft

Cannes / 4 bedrooms, 3.5 baths, 3 car garage, one story, priced from $673,995 

Monte Carlo / 4 bedrooms, 4 baths, 3 car garage, one story, priced from $693, 995

Sebastian / 4 bedrooms, 3.5 baths, 2 car garage, two story, priced from $696, 995

Tuscany / 5 bedrooms, 4.5 baths, 3 car garage, two story, priced from $783, 995

Treviso / 4 bedrooms, 4.5 baths, 3 car garage, two story, priced from $788,995

 

 

Paul Baker 407-902-3188

Remax Prime Properties

Hotpropertyfl.com

 

Posted in Model Homes
Feb. 26, 2019

Luxury Homes in Winter Garden with Basements

Waterside, The Strand by Lennar Homes

Winter Garden, FL. 34787

 

8 Floor Plans

Base priced from $715,000 to $1,446,000.

Square footage ranges from 2,937 to 8,619.

3.5 to 5.5 Baths

4-7 Bedrooms

Gated community

Waterfront home sites 

Basements available on some home sites

 

Click here for inventory homes and pricing.

 

Call Paul for buyer incentive, 407-902-3188

The Mansfield Model Home

Posted in Model Homes
Feb. 22, 2019

Butler model by Taylor Morrison homes. Sawgrass Bay in Clermont, FL.

The Butler Model in Sawgrass Bay

Clermont, FL.

by Taylor Morrison Homes

 

 

2,800 to 3,300 square feet

4-7 Bedrooms

2.5-5.5 Baths

Optional 2nd Master Bedroom

Buyer incentives are available, Call 407-902-3188 for details. 

View floor plans and pricing here

 

View all Clermont Homes for sale here

 

 

 

 

 

 

 

Posted in Model Homes
Sept. 19, 2018

Coming Soon! The Cove At Rocky Point | Tampa FL

The Cove At Rocky Point, Tampa FL

Taylor Morrison is bringing a great opportunity to Tampa with Luxury townhomes and luxury single-family homes, which are sure to become every adventure lover's dream. 

The cove at Rocky point in Tampa is a beautiful waterfront community that presents the best of Tampa Bay living.

The Cove at Rocky Point will be a gated community with direct access to Tampa Bay. Amenities will include a beautiful resort-style pool, cabana along with a community dock. The single-family homes can have private docks. 

Homes at the cove at Rocky Point offers a variety of open and well-crafted floorplans including spacious living rooms, beautiful designer kitchens, luxurious owner's suites.

Join our Vip list to receive exclusive buyer incentives up to 10k, pre-construction pricing, and floor plans when released. 

 

 

Fill out my online form.
There are tons of Wufoo features to help make your forms awesome.

Posted in Builder Promotion
June 29, 2018

New Homes Near Disney | Magnolia at Westside in Kissimmee FL

Homes for sale, Magnolia at westside, davenport fl.

Magnolia at Westside

New Homes in Kissimmee  FL.

Close to the Magic Kingdom 

 

Magnolia at Westside is a new community just south of the Disney's Magic Kingdom. There are 2 builders in this community. KB homes and K. Hovnanian Homes

Amenities will include a pool, cabana, multi purpose playing fields, picnic areas, and dog park. 

Link to KB pricing and floor plans. Please contact us first before visiting the model homes to protect your buyer incentives. 

KB Builders has 8 floor plans ranging from 1707 sq ft to 3530 sq. ft  

Plan 1707 / 4 bedrooms, 2 baths, 2 car garage, base price $258,990

Plan 1989 / 4 bedrooms, 3 baths, 2 car garage, base price $270,990

Plan 2168 / 3-4 bedrooms, 2 baths, 2 car garage, base $276,990

Plan 2333 / 3-4 bedroom, 2-3 baths, car garage, base price $284,990

Plan 2566 / 4-5 bedrooms, 2.5-3 baths, 2 car garage, base price $290,990

Plan 2716 / 4 bedrooms, 2.5 baths, 2 car garage, base price $295,990

Plan 3016 / 4-6 bedrooms, 2.5-3 baths, 2 car garage, base price $303,990

Plan 3530 / 3-5 bedrooms, 2.5-4 baths, 2 car garage, base price $325,990

 

Link to K. Hov pricing and floor plans. Please contact us first before visiting the model homes to protect your buyer incentives. 

K. Hovnanian Homes has 5 floor plans ranging from 1,969 sq ft to 3,636 sq ft. 

Saint Lucia / 3 bedrooms, 2 baths, 2 car garage, 1,669 sq ft. base price $279,990

Sherrington / 4 bedrooms, 3 baths, office,  2 car garage, 2,118 sq ft. base price $287,990

Bessemer / 3 bedrooms, 2.5 baths, office, 2 car garage, 2,351 sq ft. base price $299,990

Sanya / 4 bedrooms, 2.5 baths, office, loft, 3 car garage, 2,834 sq ft. base price $319,990

Michelson / 5 bedrooms, 4-5 baths, office, loft, 3 car garage, 3,636 sq ft. base price $359,990

 

Prices will change constantly.

Call Paul for current pricing and exclusive buyer incentives

407-902-3188

 

Check out our Facebook page for weekly builder deals. 

Search all Davenport Homes for sale Here

 

 

Paul Baker

ReMax Prime Properties

407-902-3188

HotPropertyFL.com

Posted in Model Homes