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mortgages

Number of Tampa Bay homeowners underwater plunges

in The Bay and the 'Burg/Top Headlines by

In an encouraging sign for the general economy, the number of Tampa Bay borrowers who owe more than their homes are worth continues to plunge. The Tampa Bay Times reported that although still double the national average, just 16 percent of bay area homeowners with mortgages were underwater in the first three months of this year compared with 23 percent in 2015’s first quarter. CoreLogic, a research firm, said nationally, 8 percent of borrowers owed more than their homes were…

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Florida consumer confidence drops slightly in September

in Statewide/Top Headlines by

Consumer confidence in Florida has dropped slightly in September, down three points. The monthly University of Florida consumer sentiment survey ticked downward to 87.9, with four of five components that make up the index declining and one increased. Compared with the same time last year, perceptions of personal finances fell 2.1 points to 80.5; expectations of personal finances for the next 12 months now fell 3.5 points to 96.9. Overall, assurance in U.S. economic conditions over the next year also fell…

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Using prepaid credit cards for future solidity

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Positioning yourself for a home loan can be a detailed, tedious process that usually begins long before you attend open house viewings or start comparing paint swatches. First-time home buyers usually secure loans underwritten by a bank. Financial institutions require you to have a solid credit rating, so establishing yourself financially is the most important step there is in preparing for mortgage responsibilities. A negative or unstable credit history can drastically reduce a person’s chances of getting approval from a financial institution for a major purchase…

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