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Are You Looking to Financing Property In 2017? Here Is What You Need To Know!

Over the next 12 months, here are some things to keep in mind as you consider your financing options. Mortgage interest rates increased roughly a half of a percent last year, and now you should anticipate to pay somewhere between 4.25%- 5.0% on a 30 year fixed rate loan, depending on your credit score. This slight increase in interest in your mortgage translates to around $75 to $80 more in a month, depending on the amount being financed. Today, the Feds are meeting to discuss whether to further increase prime interest rates.
A few tips, make sure you check your credit score at least once a year! ( www.freecreditreport.com ) Your credit score has a major impact on qualifying for a mortgage and at what rate you will pay. Dispute anything with major credit reporting agencies that is not complete or inaccurate. The credit reporting agencies must remove it , usually within 30 days, or stand in potential violation of the Fair Credit Reporting Act (FCRA) The FCRA requires consumer-reporting agencies to correct or delete inaccurate, incomplete or unverifiable information. Additionally, a consumer-reporting agency may not report negative information that is more than seven years old or bankruptcies that are more than 10 years old.
If you are considering purchasing a house in the near future and are going to finance your purchase, there may be a "financial benefit" to the terms and interest rates NOW, so act on it! Getting pre-qualified ahead of your home search puts you in a better negotiating situation with sellers when making an offer to purchase, as well as provides you with how much a lending institution is willing to allow you to borrow.

We would like to welcome our newest partner, attorney Greg Kaiser. He specializes in all facets of estate and medicaid planning and has conducted over 300 seminars on these topics. Greg really cares about his clients! Welcome Greg!

EDUCATION: Bachelor of Science, 1990 Long Island University,
Southampton, New York Juris Doctorate,
1993 St. Thomas University School of Law, Miami, Florida

MEMBERSHIPS: Florida Bar Association
Sarasota County Bar Association
Manatee County Bar Association
Sarasota Chamber of Commerce
BNI, Success in Action Chapter,
Sarasota, Florida
U.S. District Court, Middle District of
Florida National Academy of Elder
Law Attorneys Academy of Florida
Elder Law Attorneys

HONORS: Past Chairman of Clearwater Bar
Association Elder Law Committee, 1997-98
Book Award (Most Outstanding Student): Divorce Transactions, Spring 1992
Please contact us to discuss any specific situation or needs you may have to see how we may be able to assist in reaching a resolution. We offer a free thirty (30) minute consultation to see if we can help.

CONTACT: Greg Kaiser, Esq. 6151 Lake Osprey Drive University Commons Office Center Suite 300 Sarasota, Florida 34240 (941) 914-9145 greg@wtpelf.com

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