If you are getting prepared to buy a home or if you are already under contract, then please keep in mind that the PMI rate (private mortgage insurance) will be going up significantly. FHA & VA mortgage PMI rates are going up by .25 %. Make sure your lender pulls your case number by 4/18/11 and your rate will remain the same. The good news is this will replenish the funds and these mortgage tools will stay available which are invaluable tools to the 1st time buyers and buyers who prefer a low down payment.
Cocoa Beach
There is a listing on one of my favorite streets with a very nice view of the thousand islands and fantastic sunsets. This home features 3 bedrooms 3 baths and 2 car garage with a pool and boat dock. Home has 3926 sq ft and priced at $599,900. This would be a wonderful place to call home.
Merritt Island
Canal homes on Merritt Island have reached the point of price that they are very affordable for many more people. The middle $300,000s' not very long ago was the norm for these homes regardless of condition.
A new listing with pool, boat dock and 2285 sq ft has hit the market for $269,000. The home features 3 bedrooms and 2 baths with a large office. The boat ride to the ocean is not that long from the location.
It may be time to look at homes that you have thought about for a long time.
Jim Bagwell
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