Start Building Equity!

Posted on by Arona A.
FIRSTTIME HOME BUYERS
Buy a home and increase your wealth. Contact Arona McGinley-Realtor

Are you still renting? Why are you building your landlord’s equity and increasing their wealth?

With mortgage rates being low… this would be a great time to invest in a home. Most people think that they cannot qualify for a mortgage, but you will be surprised. Get with your local mortgage company today and see what options are available to you. Then call me to find you the perfect home that fits within your budget and your lifestyle.

Stop paying your landlord. Every month you pay your landlord, their bank account goes up because they are building equity in their home. Why are you still not a property owner? You could be building equity in your home and increasing your wealth. Don’t hesitate, take the plunge and call me to find your home today.

Things to Know about FHA Appraisals

Posted on by Arona A.
Arona Mcginley real estate agent seminole florida. FHA Appraisal

In order to use an FHA loan to purchase a home, the property will have to be appraised and inspected by a HUD-approved appraiser. This is to ensure that the property meets HUDS’s minimum property standards.

WHAT IS AN APPRAISAL?

Only an expert can assesses or determine the value of your home. You get an appraisal to determine the value of your home in today’s market. The appraiser usual has a check list of HUDs requirements for FHA.

Things You Should Know About FHA Home Appraisals

  • HAND RAILS – handrails should be installed along open staircases, and in accordance with FHA/HUD requirements.
  • RAILINGS – has to be installed around, decks, patios, porches and balconies.
  • PAINT – all interior and exterior paint should be in good condition. There should be no distressed paint eg. peeling paint.
  • WINDOWS – all windows should be fully operational and not broken. If it is, it has to be replaced.
  • DOORS – doors should be functional and hanging properly.
  • ROOF – If the roof has leaks it must be repaired or replaced.
  • UTILITIES -utilities must be on and functional at the time of the inspection.

These are just some of the things that will be addressed with an FHA Appraiser. To get more information visit FHA APPRAISAL

If you are looking for more information on selling or buying a home please call/text 727-422-9340 or email: arona.mcginley@gmail.com or fill out the contact form.

Mortgage Application Tips

Posted on by Arona A.
Mortgage application tampa bay florida

You have made the decision that you are going to buy a home and you are ready to fill out your mortgage application. Here are some things that you will need when filling out your mortgage application

  • W-2s from the past 2 years.
  • Personal and Business tax returns for the past 2 years.
  • Pay stubs from the past 2 months.
  • Bank account statements from the past 2 months.
  • Proof of other income, example child support, alimony income if using for qualification.
  • Proof of other asserts and Income example collectibles, land, real estate.
  • Other investment statements from the past 2 months