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Mortgage

Your Bank Account Under a Microscope

Loan Approved: Tips to Avoid Delays Since the mortgage industry was turned upside down and the feds jumped in with tighter regulations governing home loans; mortgage lenders are required by law to verify all funds used for these loans. All federally regulated financial institutions offering loans are required to comply with certain standards of review. […]

In Spite of Recent Rulings There are Advantages to FHA Mortgages

  The April 2016 New FHA Ruling In April of this year, the government made a new rule that MIP would be required to remain on the loan throughout the term, as opposed to dropping off at a certain loan to value ratio. You will read and hear a variety of opinions regarding mortgage loan […]

FHA “BACK TO WORK PROGRAM” HELPS REVIVE HOMEOWNERSHIP

A LITTLE-KNOWN FACT FHA “BACK TO WORK PROGRAM” HELPS REVIVE HOMEOWNERSHIP! Florida has certainly seen its fair share of hardships due to the economic and housing crisis this country experienced over the past decade.  People living in Florida are still digging their way out of the ruins so-to-speak. A special FHA lending program offered by […]

6 Top Advantages to FHA Mortgages

FHA Ruling Regarding MIP In recent years, the government made a new rule that MIP would be required to remain on the loan throughout the term, as opposed to dropping off at a certain loan to value ratio. This ruling was upsetting to many, but we need to keep in mind there are many other […]

Mortgage Broker vs Loan Officer – Understanding the Difference

Mortgage Broker vs. Loan Officer; Understanding the Difference First, there are several advantages to working with a mortgage broker as opposed to a bank loan officer. I like to compare mortgage brokers to a hotel concierge. When you stay in an upscale hotel that offers concierge services, you have an added benefit. If, for some […]

Do You Really Think You’re Pre-Approved?

Imagine this for a minute Have you ever been driving along, minding your own business, when suddenly red and blue lights are flashing behind you? Startled, you look in the rear view mirror and see police lights. A thought quickly runs through your mind, “What have I done now?” Then you think, “Where is the […]

Should I Pay Points?

Maybe you’re thinking about buying your rate down.  Does it make sense?  Let’s talk about that, I will show you when you should and when you shouldn’t by your rate down.

Should I Refinance to a Lower Rate?

Refinancing your home mortgage can be helpful if you need to lower your mortgage payments or convert some of your home equity for other purposes . Perhaps you want to do home renovations and lower your rate at the same time and avoid PMI by using the Fannie Mae Homestyle Refinance Program, a variation of […]

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