MMBI Real Estate: Jacksonville Florida Real Estate Advisors

Thinking about buying a home in Jacksonville? Contact us first. We have access to programs that will provide you the money for down payments and closing. Buying a home just got easier. Call us today at 904.438.2846

Want to buy a home but you are finding it hard to put together enough for a downpayment? This program can help

Fifth Third Offers New Down-Payment Assistance for Low-Income Loans Fifth Third Mortgage has introduced a new down-payment assistance program in conjunction with Freddie Mac s Home Possible Advantage 3% down loan.

Here is a nice little home that I did a virtual tour on for a prospective buyer. Nice home, quite neighborhood and really well priced at $75,000. Four bedrooms and two baths. Split bedrooms lay out.
PM me for more details on how to place an offer on this property

https://www.360-grad-immobilien.com/tour/1053555?accessKey=57702aafaf41d4623cfba00a

Irvington Landing Page Mobile Version

http://clipnow.s3.amazonaws.com/files/temp/20160619_100241_2mbit_color_correction_noise_reduction.mp4

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Make sure you are using a buyer's agent when purchasing your home. MMBI charges NO buyer's agent fees.

Buying First House in a Hot Market: Not 'As Seen on TV' Believe it or not, buying your first home (or condo) isn t as easy as it looks on an episode of House Hunters.

Under contract

1704 Avondale Ave, Jacksonville, FL 32205 | MLS #803669 | Zillow Zillow has 502 homes for sale. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place.

New 360 degree tour. This one is for a potential flip that an investor is interested in.

lorna Landing Page Mobile Version

New lower price

http://www.zillow.com/homedetails/1704-Avondale-Ave-Jacksonville-FL-32205/44480593_zpid/

Avondale Home For Sale For sale: $1,175,000. This is one of the most amazing historic homes in all of Jacksonville and it's now available for sale. Will you be new owner of this grand home? The Marble House is in remarkable condition. This extraordinary home features interior finishes such as plaster crown molding, Veneti…

New Pocket Listing
Call us for more details
http://listings.realbird.com/VirtualTour.aspx?rb-brand=1&fid=430377&id=E8V3N5N7

335 Broward rd, Jacksonville, FL 32218 The floor plan features a large family room with a fireplace and 20-foot ceilings overlooked by a loft with a window view of the Trout River and the landscaping of multi million-dollar residential waterfront property across the street. The spacious 2...

Great News for would-be condo buyers

http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=330467

HUD eases FHA condo financing rules News Article

http://www.nationalmortgagenews.com/news/servicing/banks-speeding-up-repossessions-of-foreclosed-homes-1072218-1.html?utm_medium=email&ET=nationalmortgage:e4010451:a:&utm_source=newsletter&utm_campaign=-feb%2019%202016&st=email

Banks Speeding Up Repossessions of Foreclosed Homes Lenders are still holding on to scores of delinquent mortgages that date to the real estate crash, but a surge in home values across the country is motivating them to move the most troublesome loans off their books more quickly.

Check out this New Listing in Confederate Point...

http://listings.realbird.com/VirtualTour.aspx?rb-brand=1&fid=429493&id=E8V3N5N7

4306 Smugglers Way, Jacksonville, FL 32210 Come check out this HUGE Confederate Point home. This big corner lot home is definitely not a drive by. This home features spacious living areas, a generous backyard, a grand entry portico and a big two car garage. Come on out and view this home, you...

Coming Soon

8 Things Your Realtor Does Behind Your Back - Real Estate News and Advice - realtor.com If you're wondering what that 6% commission is actually going toward, we’ve compiled a list of important things Realtors do for you.

Zillow is only the starting point, not the end all be al

http://www.latimes.com/business/realestate/la-fi-harney-20150208-story.html

Inaccurate Zillow 'Zestimates' a source of conflict over home prices When "CBS This Morning" co-host Norah O'Donnell asked the chief executive of Zillow recently about the accuracy of the website's automated property value estimates — known as Zestimates — she touched on one of the most sensitive perception gaps in American real estate.

Jacksonville housing market continues to post strong numbers - Jacksonville Business Journal Compared to last November, housing statistics improved practically across the board.

Asking Price 1,299,000
Showings restricted to well qualified buyers and by exclusive appointment only.

1704 AVONDALE AVE, Jacksonville, FL 32205 This is one of the most amazing historic homes in all of Jacksonville and it's now available for sale. Will be you be new owner of this grand home? The Marble House is in remarkable condition. This extraordinary home features interior finishes such a...

Buying a home 48% more affordable than in 2006 News Article

Fla. real estate rebound strongest in nation News Article

2015 Florida Housing Market Predictions - Housing Predictor The Florida housing market has had its ups and downs in the past. Find out if 2015 is the year to invest in the Sunshine State's real estate market or wait.

Best Cities to Buy Investment Property in 2015 | Florida Agency Network Hillsborough Title, Real Estate Headline News Best Cities to Buy Investment Property in 2015 April 2, 2015 admin There are several factors to consider when choosing the right real estate market in which to invest and the right time to do it. When considering the research for this list of best cities…

Mortgage Rate Forecast For October 2015 (FHA, VA, USDA & Conv) Experts said mortgage rates would be near 4.5% by now. Rates aren't even close. Will rates keep in the 3s through October? Analysis and no-cost rate quotes.

Bidding wars have broken out in hot US real-estate markets There's no place worth bidding for like home.

2015 Could Be the Biggest Year for Housing Since the Bust - Research Center | Redfin

Housing Bright Spots of 2015: Pittsburgh, Jersey City, Tampa and Jacksonville, FL According to Realtor.com, the housing markets in Pittsburgh, Jersey City, Tampa and Jacksonville (FL) were the 'bright spots' in their latest nationwide market summary.

Jacksonville | Real Estate and Market Trends Both a strengthening job sector and increasing home values should continue to make Jacksonville an attractive option for real estate investors.

http://blogs.wsj.com/moneybeat/2015/10/08/new-fico-score-may-have-wider-impact-than-first-thought/?mod=yahoo_hs

New FICO Score May Have Wider Impact Than First Thought A new FICO credit score designed by Fair Isaac Corp. to expand consumers’ access to credit has caught on beyond the company’s initial expectations.

Quite often I am asked by investors and sometimes as well as primary home buyers to place bids on homes that have been on market for 120 days (DOM) or more. More often than not when they decide to place their bid that home is subject to Multiple Offers. The reply to the news of a multiple offer situation for that home that the investor or home buyer had their eye on is nearly universal. It normally goes: "I can't believe it's under multiple offer. Why is it now under multiple offer when I decide to bid." I would like to assure home buyers and investor the nationwide that there is no universal conspiracy out to trick them into paying a higher price for a home that they thought they should get for a discount because of a lengthy DOM. The answer is really quite simple: You aren't the only one who thought they would get a discount on a home with a longer DOM. It's really that simple. Almost every buyer, whether investor or not look first at homes with lengthy DOMS. Being that this is a fact, that means for the most part the market is much larger for homes with lengthy DOMS than homes with shorter DOMS, and unless that home is in need of significant repairs or was overpriced from the start one is just as likely to pay the asking on a home with a lengthy DOM as one would for a home with a shorter DOM. As a matter of fact a buyer may have more luck getting a discount on a shorter DOM'ed home than a longer DOM'ed house. Food for thought.

FHA about to lose marketshare?

Bank Giant Is More Cautious Over FHA Loans

Quick tips to rebuild your credit! This article is very informative.

Many people believe that opening up secured credit cards are the smartest, quickest and most effective method to add positive accounts to their credit report.
They most definitely are not!
We’ll discuss Secured Credit Cards and their possible benefits and “pitfalls” in a future newsletter. Right now let’s focus on three legal and effective methods to increase a person’s credit score for those who have few if any “active credit lines”.
This list is not intended to be all inclusive by any means, simply a few methods you or your clients can use to re-establish credit more quickly.

1. CD Method:
Go to a small bank or Credit Union and open up a Certificate of Deposit for $1,000 and ask to take out a personal loan for $500. Let them know you are trying to rebuild your credit. These institutions are paying you a small fraction (1-3%) on the CD yet charging you double digit interest on the loan. They have your money for the term of the CD, usually at least one year so it is no risk to them.
Take the loan money (don’t spend it!) and pay back the loan within 30-60 days. The bank or Credit Union is not making much interest if you pay off the loan quickly.
Bank loans are highly rated so you’ve just added a positive and paid-off trade line!

2. Bank loan with a Co-Signer:
Ask a family member or trusted friend if they will co-sign a small personal loan to help rebuild your credit. Most family members with good credit will do this as the loan can be small—say $500 as in the previous example. It’s not as if they are co-signing a long term loan which could put them at considerable risk.
Again, pay off the loan over a short period of time and Bingo, you’ve just added another positive line of credit!
Note: you can use either of the above methods at multiple banks to increase your credit score more quickly!

3. Become an Authorized User:
This method is also known as “Piggy-backing”. It has been around for quite some time and the “Big Three” Credit Reporting Agencies (Experian, Equifax and TransUnion) don’t like it a bit! In fact they are trying to lobby against this practice or at least not factor it into your score. Unfortunately it may be awhile, if ever, before they can do anything about it! The reason is that credit card companies generate more revenue when their card holders add family & employees to their accounts.
Simply ask your spouse or a close relative whether you can be added to their credit card account. They contact the company and ask if they can add you to their card. The companies know, or at least believe, that you will make charges on the account and that spells more revenue for them!
Credit Reporting Agencies don’t like this as they believe it is an “artificial” way for people with bad credit to increase their credit score without having to pay an “actual” bill or debt.
Through this method you gain all of the benefits of someone else’s payment history!
Note: Ensure the credit card you are adding yourself to has a small balance, a good payment history and the person has had the card for at least 12 months.

Unfortunately FANNIE MAE & FREDDIE MAC will not factor Piggy backed accounts when scoring for a home loan but it will help you in all other areas such as buying a car, getting a credit card, personal loans etc…

Yours in Credit Education,

Thomas R. McKee
New West Credit Consultants