Articles in the ICI Spotlight category are also featured on the ICI Homes home page.
According to a report by The Lenders Network, the average down payment in 2016 was 6%. If this is similar to the percentage that you plan on putting down, then your loan will require mortgage insurance. Mortgage insurance is a type of insurance that is required by the lender when …
You’re a new Florida resident and you want to get outside and enjoy living in the Sunshine State. We agree! We at ICI Homes count the Daytona Beach area as our hometown, and we’re here with locals’ tips and tricks to help you do just that. Here are three fun, …
If you’ve moved to the east central Florida coast from hillier terrain and require some workout elevation, local bridges are your solution. The Daytona Beach area offers five tall, multiple-lane bridges across the Intracoastal Waterway. Each bridge’s height guarantees huffing and puffing without drawbridge interruptions, and one bonus of incorporating …
If you have recently been on a personal finance site to check your credit score and then applied for a mortgage you may have been surprised at the difference in your credit score. That’s because more often than not, the score you received from the personal finance site is going …
Piggyback mortgages that is, not the ride children love. Piggyback mortgages, a.k.a. second mortgages, are a loan that rides on top of your primary mortgage. In combination with your down payment, these mortgages allow you to avoid paying private mortgage insurance (PMI). They were extremely popular in the early 2000s …
If you thought buying your home was tough, selling your first home can be just as daunting. Make the process easier and more profitable by avoiding some common first-time home seller mistakes. Mistake 1: Emotional attachment Becoming emotionally detached from your home is one of the hardest things to do …
Home prices Thinking about buying a new home in the next few years? Moving up your timetable could save you money. As of February 2018, Zillow states home values have risen 7.6% in the last 12 months. It also predicts homes values will continue to rise another 3.5% in the …
Ever been on a relaxing vacation watching a glorious sunset and wished you could own your own vacation home? If so, you are not alone. According to the National Association of Realtors Vacation and Investment Home Sales: A breakdown for 2017, thousands of buyers felt the same way and turned …
Millions of Americans have been affected by a short sale, foreclosure or bankruptcy and may be afraid they will never be able to own a home again. Luckily, a derogatory credit item doesn’t mean an end to homeownership. Check out the chart below to view waiting periods, by loan type, …
An adjustable rate mortgage (ARM) is a mortgage that offers an introductory fixed rate for a limited period of time, then adjusts annually to reflect market conditions. This introductory rate is typically lower than a 30-year fixed rate. This can make ARM’s attractive options for the right buyer. We all …