Which Mortgage Term Is Right for You?
When buying a home, you’re likely to encounter a variety of Florida loans with different term lengths and interest rates. Each of these products is meant to provide you with options when deciding how to pay for your home. The most traditional home loan is the 30-year fixed mortgage, but there may be longer or shorter options available. In this article, we’ll discuss how to choose a mortgage term that is appropriate for you. Read More
Your Mortgage Closing Disclosure Explained
Florida first-time homebuyers are likely to feel ecstatic about the purchase of their home. They likely can’t wait to take the keys and walk inside. Buying a home is one of life’s most exciting experiences. It gives you a place you can call your own. However, the home buying process can be quite complicated, especially when you’re handling it for the first time. One document that home buyers should make sure that they fully understand is the mortgage closing disclosure. Read More
When It Comes to Florida Home Loans, Don’t Focus on Rates
Mortgage rates can rise to mountainous highs, or plummet to great lows. This has been especially true over the last few years, as we have endured through a global pandemic. Rates for Florida home loans may be rising now but it’s important to place your focus elsewhere, rather than on those numbers. If you try monitoring the ebb and flow of mortgage rates, you will exhaust yourself waiting for the lowest rate. Read More
When Is It a Good Time to Refinance Your Home?
As a homeowner, you may consider refinancing your Florida home loans at some point. Refinancing involves obtaining a new loan to replace your old one. There are several reasons why people choose to refinance their homes. However, with mortgage interest rates rising, it doesn’t always make sense to refinance your house. Let’s look at some scenarios in today’s environment where refinancing makes sense. Read More
Requirements for Florida FHA Loans: How to Qualify
If you’re planning to buy a home in the near future, you may be wondering about the different types of mortgage loans available and whether you will qualify for one. Florida FHA loans are some of the easiest loans to qualify for because of their low credit score requirements and smaller down payment options. In this article, we’ll discuss what FHA loans are and what you’ll need to qualify for one. Read More
Homebuyer Tips: Breaking Down 5 Different Types of Florida Mortgages
If you’re planning to purchase a new home, it’s important to understand the available types of loans. Several mortgage loan products may be suitable for buyers in various circumstances. This article will discuss the 5 most common types of mortgages, who they are most appropriate for, and their advantages and disadvantages. Read More
Down Payments: How Much Money Should You Save?
One persistent home-buying myth is that you are required to put 20% of the home’s total purchase price down. In actuality, that isn’t the case. There are a variety of different Florida home loans available with varying percentages of down payments. In rare cases, you may not be required to put anything down at all (such as with a VA loan). However, down payment requirements typically vary from 3.5% to 20%, depending on the loan you select. Read More
Florida Mortgages: The Impact of Your Credit Score
If you’re seeking to purchase a new home, you’re probably very excited. After all, ownership of a home is a source of pride and often the biggest purchase you’ll make in your life. However, before beginning the home buying process, you’ll want to make sure that you are financially prepared to do so. This preparation includes having a down payment available and a clean credit report. Read More