Do you know all the new changes and new rules to the mortgage process today ?  Let me help you through the process. First time Buyer ?

Fixed 30 year Residential Mortgages under 5% lowest in 50 years!!!
For best rates:  1) 2 year job history 2) Good credit score 3) Low debt

Get pre-qualified before you look and know your loan amount and qualify for the best loan and rate for you, no surprises.Investor "Hard Money" loans available.

Many Sellers want to deal only with pre-qualified buyers save time and money and get ahead of the rest of the buyers.

Do you know your credit score ?

Mark A Smith Licensed Mortgage Broker with First Trust Mortgage in Tampa, FL.

Financing the home purchase
 
• Florida had more cash sales, with 81 percent of buyers financing their recent home purchase. Nationwide, 92 percent financed their recent home purchase.
• The typical buyer financed 93 percent of the home purchase price.
• Nearly half (45 percent) of homebuyers reported they made some sacrifices to buy the home, such as reducing spending on luxury items, entertainment or clothing.
• Thirty-one percent of first-time buyers reported their mortgage application and approval process was “somewhat” more difficult than they expected, and about one-in-ten reported it was “much more” difficult than expected. 
 

30-year mortgages at new record low

WASHINGTON – Dec. 4, 2009 – The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs.

The rate, published Thursday by Freddie Mac, is the lowest since the mortgage finance company began tracking the data in 1971. The previous record of 4.78 percent was set during the week ending April 30 and matched last week.