If you are going to be buying a house, or condo in the near future it is time to begin thinking about your Mortgage!! No one likes to think about it... but we need to .. and we really need to think about it before we set out to look at real estate.  There is nothing worse then to start looking at homes to only find out that you need to lower your price range.... you might be surprise also to find that you can afford a little more than you thought ... take the time to deal with this dreaded deed first....... call Vi if you have any questions!!

The Federal Reserve and other banking regulators have created a brochure on interest-only and other exotic loans in their effort to explain the mortgages that now make up about a third of the home-lending market.  The most helpful brochure provides an extensive list of questions to as the mortgage broker or lender before signing a contract.  You can get this information on list .. just visit www.federalreserve.gov/pubs/mortgage_interestonly/

 You might also want to go to the Center For Responsible Lending, they have a set of guidelines and other consumer resources on their website at www.responsiblelending.org/consumers.

 When it is time to buy real estate their is nothing better then to know before-hand what mortgages are available to you and what you can afford to buy.  Try these 2 websites and if you have any questions, talk to your local lender, and real estate professional.

Give Vi Vincent, with RE/MAX Heritage Realty a call at 386-931-6277 when you are ready to start looking for real estate in Palm Coast, Flagler Beach, Hammock Beach, Grand Haven, Bunnell, and other Flagler County Florida neighborhoods.  Look at homes for sale, see local information and more at www.DiscoverPalmCoastFlorida.com and email Vi at vivincent@remax.net