The Florida Mortgage Pro

08/16/2021

🧭Good Morning, now is the time to refinance. Rates are at historic lows and home values in most areas are increasing. If you pay Private Mortgage Insurance you may be able to refinance to a conventional loan with no PMI which creates savings for you and your family!!!! Give me a call or message me ASAP 904-654-1714.

I am a Mortgage Loan Originator powered by Rocket Pro and also a licensed Realtor with Premier Coast

07/29/2021

🔨5 Important Steps to Building or rebuilding your credit!!!🦾

07/28/2021

🏠 I have the keys to your new home!!! Come join us Saturday at 12pm for the open house. This beautiful country all brick home sits peacefully at the end of a cul de sac. Roof and AC replaced in the past 4 years. Newer kitchen appliances as well. I will have a lender with possible down payment assistance present if you need financing assistance as well. See you there!!!

07/28/2021

When to Refinance a Mortgage: Is Now a Good Time? I want to give you some answers and guidance to help answer the question of when to refinance.
1 - Will your new rate be at least1% lower than your current rate or you refinance out of an FHA into a conventional loan with no mortgage insurance
2 - Will your new payment increase (for cash out of equity or shorter term) and if so is it within your budget.
3 - Reducing your monthly debt by consolidating higher interest credit card, car payment or student loan debt by taking cash out of your equity at a much lower interest rate.

07/26/2021

⏲ When is PMI required?

You may have to pay for PMI if you're purchasing a house or refinancing your mortgage. Lenders may require PMI on certain loans if:
• Your down payment is less than 20%. Most conventional lenders require a down payment of at least 20% of the purchase price. You can calculate your down payment percentage by dividing the amount you plan to put down by the lesser of the market value or purchase price of the home. If you can't afford to put down at least 20% on a purchase, you may have to pay for PMI.
• For refinance loans, your loan-to-value ratio is over 80%. If you're refinancing your current mortgage, most conventional lenders require an LTV ratio of 80% or less to avoid having to pay for PMI. You can calculate your LTV ratio by dividing your new mortgage amount by the market value of your home. If your LTV is over 80%, you may need PMI

07/26/2021

🧐What is PMI (Private Mortgage Insurance)?

PMI is a type of insurance that lenders require for certain mortgages with high LTV ratios. Lenders always accept some level of risk with mortgages. However, PMI can help lower the risk that some mortgages bring.

Although you pay for PMI as the borrower, this insurance doesn't protect you. Instead, it protects the lender. If you default on your mortgage, PMI pays part of the remaining balance of the loan to the lender.

However, PMI does offer some benefits to you as the borrower. Paying PMI may help qualify you for a conventional loan that you wouldn't be eligible for under other circumstances.

02/03/2021

🏠 If you’re a first-time home buyer — typically someone who hasn’t owned a home in the past three years — Florida Housing programs may provide an affordable path to owning a home. Message me for answers to your questions. Let's work togather to out smart any misconseptions you may have heard.

02/03/2021

The state of Florida offers many options for first time buyers in need of down payment assistance. Message me for details on how to see if you qualify. Share with anyone you know that is thinking about buying.