Let’s face it, getting a mortgage in Florida can be a downright confusing process. Whether you’re a first-time homebuyer, purchasing a second home, refinancing or downsizing, it’s important to do your homework.
There are a seemingly endless array of home loan programs available today. Therefore, we developed a handy list of some of the more popular loan products available.
Refinancing in a rising interest rate environment can seem counter-intuitive. However, in some instances, it can actually save you money. Assessing your particular situation is key. We thought it might be easier to understand by giving an example. Meet Tom.
Refinancing your mortgage may have many benefits, like lowering your monthly payment, reducing the amount of interest paid over the life of the loan, and having the ability to pull equity out of your home. It can also be an opportunity to drop PMI (private mortgage insurance) if you didn’t put 20% down when you bought your home.
I will admit.
I am frustrated because it seems like many lenders are hiring inexperienced Mortgage Loan Originators and training them on how to sell rather than on how to structure a loan for the benefit of the borrower.