Fred Bermudez Home Loans

05/27/2025

Land of the Free!!!! 🇺🇸🇺🇸🇺🇸

05/27/2025

05/27/2025

You didn't have to and I didn't have to, but many did in fact suffer and die so that we could live FREE! And take cute pictures like this with my little bff Abby Rose Kappel. God bless America 🇺🇸🇺🇸🇺🇸

09/12/2024

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05/10/2024

Wanted! Dog Lover -to save little Dolly! She's only 35 lbs. Her owner passed away and she needs a new home. She lived with another dog. She gets along with most dogs but not all. She's very very loving and well manered although she does love to pull on her leash. She's been to training every Saturday for several months and is learning her manners . Who can help? Advise a good home, anything. Please share!! 🙏🏻

05/14/2022

My new favorite thing to do this year is read books. This came highly recommend. About to jump in. What are you reading ?

05/06/2022

Have you ever wondered at what purchase price could you buy a home while keeping your same
monthly housing budget?
Well, look no further!
This example is credit qualifying and based off a 30-year fixed conventional loan with just 5% down.
(Please note homeowners’ insurance and property taxes will vary per area) yet this is a good ballpark of
what you could expect while keeping the same monthly budget.
What is FASCINATING – is how much net worth is accumulated over 10 years if you were to make that
same payment yet pay it into a home which appreciates vs. out the window as rent!
This is the real cost of renting friends.
If you would like for us to personally run numbers on your exact situation, just send me a message and I
will be happy to help!

05/04/2022

Which one of your friends NEEDS a bigger place and therefore you happily nominate them to buy a
home (sooner rather than later) haha?
Send them this post!!
Maybe they are still living at home, need a backyard for their furry friend, or just need a garage – all we
know is that friends don’t let friends rent for too long when they could be building equity instead.

05/02/2022

Realtor friends… On a scale from 1-10 (10 being the best), how would you rate your last mortgage
transaction?
What would YOUR perfect lender partner do for you?
I am for hire and would love the opportunity to visit to determine if my team could exceed your
expectations.
If you are open to exploring the idea (even if we are just a great back up), then let’s meet!

04/30/2022

Lenders require you to buy PMI (Private Mortgage Insurance) if your down payment is less than 20% on
a conventional home loan.
However, the good news is... you can cancel PMI when you have more than 20% equity in the home
(which will reduce your monthly mortgage payment!!)
So why in the world would the lender want any kind of insurance monthly?
Easy - because they are assuming additional risk by accepting a lower down payment that if for some
reason you could not keep making your payments... the bank may have to sell the home and if there is
less than 20% - they have more risk.
The average cost of PMI, for a conventional home loan ranges from 0.55% to 2.25% of the original loan
amount per year, according to Genworth Mortgage Insurance, Ginnie Mae and the Urban Institute.
What most borrowers do not realize is how lenders can also shop around (much like you do for
homeowner's insurance quotes on the actual coverage of the home) in order to find the best "deal."
It is also common to have many clients want to refinance out of a current FHA loan and into a
Conventional loan at the possibility of dropping mortgage insurance once they have reached 20% equity.
If you are open to exploring the idea (even if we are just a great back up), then let’s meet!

04/29/2022

How do you really know if a refinance is in YOUR best interest?
One quick and easy method is to calculate how many months it would take to break even (while
analyzing if you plan to stay in the home for that long).
You can do this by dividing the total loan costs by the monthly savings.
Let's say the refinancing fees will total $3,000, and you will save $100 a month. Divide $3,000 by $100.
The answer is 30. That means it will take 30 months to recoup the cost of refinancing. There’s your
break-even point.
Everything beyond that 30-month break-even point will be cost savings.
Woohoo, money in your pocket!