January 2012

Found 5 blog entries for January 2012.

Adjustable Rate Mortgage

Did you hear the one about the mortgage banker option on the new BMW? No rear view mirrors.

Adjustable Rate Mortgages (ARMs) made up 40 percent of mortgages in the midst of the subprime lending spree. Surprisingly ARMs are staging a slow comeback since hitting their bottom of 3 percent in early 2009. New ARM home loans are back up to 10 percent, and Freddie Mac predicts it could reach 14 percent by year’s end.

Why, you ask. Record low mortgage rates bring more people into banks, and those people can show less debt-to-income ratio based on a 4% rate now than they could at 8% three years ago. But they can’t come up with the down payment – at least not right now. Enter, the ARM.

They’re calling these types of terms a “hybrid” ARM, which blends

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Books A Million Closing in Mandarin

Though the Books-A-Million store off San Jose in Mandarin is closing, the company is actually trying to expand, by snapping up former Border’s locations since Borders closed its doors in early 2011.

BAM is closing four stores across the U.S., including the Mandarin location. With Borders on its way out, the Alabama-based Books-A-Million is now the second  second-largest bookstore chain in the United States, and it’s closing only a small portion (four of its 232 stores). Ironically, its sales were boosted by BAM offering the Barnes & Noble’s Nook. Since last fall, Books-A-Million has carried Barnes & Noble’s Nook, the sales of which helped its electronic commerce trade segment see a 24.3 percent increase in net sales for the quarter.

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The Bloom Realty Team is Hiring!  Seeking Dynamic, Career Driven Full Time Buyer Specialist to join our Team.

Bloom Realty HiringThis is an excellent long term opportunity for a highly motivated and dedicated person to join the Bloom Realty Team in Jacksonville.   You’ll receive great training and support from our amazing support Team.  Buyer leads will be provided.  
  • Qualifications and attributes of our next buyer specialist include:
  • Ability and willing to dedicate at least 3 hours, of daily lead generation and client follow up.
  • Great Communication skills are a must!
  • Current real estate license
  • Local knowledge of the Jacksonville Area
  • Outgoing personality; personable and comfortable with meeting new people &
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Congratulations to Mike and Machelle on their new home in Fort Caroline! Thank you for allowing the Bloom Realty Team to be a part of your home buying experience.  We had a chance to sit down with the happy home owners, as Mike talks about his great experience with Bloom Realty.

Mike and Machelle Happy New Home Owners - Bloom Realty

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