Mortgage break-even point is crucial Experts call it the time when amassed monthly savings exceed the amount paid in points. Bob Walters is willing to shell out cash to get a rock-bottom mortgage interest rate. That’s why he always pays discount points. “I have never, in my history of being in the mortgage business, gotten …
Author Archives: Administrator
Anybody Home?
Anybody Home? Lance Ponton Jr. was a condo developer’s dream. In September 2004, he put down 10 percent deposits on five Harbour Island condominiums before they were even built. Ponton, 27, hoped to sell them for a big profit as soon as the building was finished and his deals closed. “But when it was done, …
Manatee’s mobile home parks may be next to go (Florida)
Manatee’s mobile home parks may be next to go (Florida) Spend a few hours at Windmill Manor mobile home park with Jan McMeans and you’ll meet an entire neighborhood. “That’s my girlfriend’s house over there,” said McMeans, as the 66-year-old pulled her golf cart over to say hello to the seventh person in a five-minute …
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Woods set for swing shift to South Florida
Woods set for swing shift to South Florida Tiger will miss his ‘little hangout’ in Isleworth after his move to Hobe Sound. With a tinge of regret, Tiger Woods said Wednesday that his days as a full-time Orlando landlubber are nearing an end as he plans to relocate to a sprawling $38 million oceanfront compound …
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Creative financing helped fuel commercial real estate boom
Creative financing helped fuel commercial real estate boom The dominant story in real estate the last two years has been cash — fabulous amounts of cash in furious pursuit of real estate. One chapter that emerged from that story was the evolution in the way lenders financed those deals, including their willingness to provide higher …
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Seniors consider reverse mortgage
Seniors consider reverse mortgage The Martins had plenty of money in the bank. Or so they thought. Robert Martin got cancer, and the bills started to pile up. Insurance helped with much of the costs associated with Robert’s treatment, but some still fell to the septuagenarian couple. Reverse mortgages are loans taken out on home …