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By: Bill Sheffield
On: April 1 2018
In: Mortgages

Interviewing a Mortgage Lender

After you have compared quotes and rates between different mortgage lenders, you will want to interview your favorites in order to figure out if you will work well together. We've collected a list of questions you can ask a mortgage lender so that you are well informed before making your decision.
By: Bill Sheffield
On: March 17 2018
In: Mortgages

How Will Homeowners Be Affected by the ...

Wondering how you will be affected by the new tax legislation that was passed? While homeowners won't feel the impact until they file their 2018 taxes in spring of 2019, tax season has brought up lots of questions about the new tax code, so we have created a summary to clarify some of these changes.
By: Bill Sheffield
On: March 6 2018
In: Mortgages

Watching Out For Reverse Mortgage Scams

Reverse mortgages get their name because they are set up as the opposite of a traditional mortgage. Many use reverse mortgages to supplement their retirement income. However, these mortgages are complex and can be marketed in deceiving ways.
By: Bill Sheffield
On: February 21 2018
In: Mortgages

How Much to Save For a Down Payment

Saving up for a down payment remains a challenging obstacle for home buyers. Most lenders like to see 20% down and will provide better interest rates in those cases, but there are plenty of loan options that have much lower down payment minimums.
By: Bill Sheffield
On: January 4 2018
In: Mortgages

What To Expect On Mortgage Applications

One of the first steps in the home buying process is filling out a mortgage application. This application helps lenders determine if you are a good candidate for the loan or not. So what can you expect on a mortgage application?
By: Bill Sheffield
On: December 13 2017
In: Mortgages

PMI Alternatives

While many lenders will require borrowers to purchase private mortgage insurance if their down payment is less than 20%, there are a few alternatives that borrowers can consider if they wish to avoid PMI premiums.
By: Bill Sheffield
On: December 1 2017
In: Mortgages

Real Estate Owned Explained

During your home search you might come across listings marked "REO." This stands for "real estate owned" meaning the home is a residential property that is now owned by a lender due to a foreclosure. Here's what you should know about REOs.
By: Bill Sheffield
On: November 24 2017
In: Mortgages

Negative Equity Explained

Equity in your home is built by paying down your loan balance because your equity is the amount of your home you actually own rather than the amount that is financed. You have negative equity in your home if the value of your home drops below the amount remaining on your home loan.
By: Bill Sheffield
On: November 1 2017
In: Mortgages

Which is Better: Foreclosure or Short ...

For those who are experiencing hardships that put stress on their finances, oftentimes they are faced with two options when it comes to their home: Foreclosure or Short Sale. What is the difference? Are there disadvantages with either?
By: Bill Sheffield
On: October 9 2017
In: Mortgages

How Will A Foreclosure Affect Your ...

If you have recently experienced a home foreclosure, you might be wondering how this impacts your financial profile and future transactions. Does it stay on your credit report forever? We have created a quick guide to foreclosures to answer some of those questions.

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Bill Sheffield Realty is the largest referral company in Northwest Florida by being a real estate company with ties in new technology & lead generation.

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Bill Sheffield Realty

Pensacola, FL
Phone: (850) 261-5133
Email: bill@pensacolahome.com

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