Jason Gonzalez, Florida Mortgage Broker
With the US government still in shutdown mode since December 22nd of last year, many prospective home buyers and current homeowners have reached out wanting to know how it could affect their home purchase or refinance. Let’s shed some light on how the shutdown is impacting specific processes and loan programs in the industry: IRS […]
There’s some really great news for those looking to buy or refinance their home in 2019. The maximum loan limits for both FHA and Conventional mortgages have been increased across the entire State of Florida! That means that you, as a home buyer or current homeowner, can now borrow more money, at a lower cost, […]
Loan Limits Increased from $453,100 to $484,350 Florida home buyers and current homeowners will now be able to finance even more house for less money, thanks to the increase in Fannie Mae and Freddie Mac’s base loan limits from $453,100 to $484,350 in 2019. The great news was just recently announced by the Federal Housing […]
Every once in a while, home buyers catch a break and have the opportunity to buy a home at a time where all of the right circumstances happen to line up perfectly. This is one of those times; consider it the solar eclipse of home buying! Buy a Home with Only One Percent Down If […]
In a serious move to boost home sales, Fannie Mae and Freddie Mac are launching new products that only require a minimum 3 percent down payment. Fannie Mae’s version of the new program is available now and will only be offered to first time home buyers, or more specifically, those that haven’t owned a primary […]
We’ve All Been There First and foremost, it is important to remember that just because you had some difficulties in the past, it doesn’t mean you don’t deserve to be a homeowner now. Various employment, health and general economic issues are always at hand and sometimes they become too much to handle. That is why […]
Most of us have heard the term ‘cash out refinance’, where you borrow extra money from the equity in your home. So, if a cash out refinance is where you get money, a cash in refinance would be when, you guessed it, you actually put money into your home during a refinance transaction. When Should a […]
100% Financing STILL Available Across Florida Home buyers looking to purchase with no money down can breath a deep sigh of relief now, as it has been confirmed that the USDA mortgage program will NOT be changing their eligible areas at this time. USDA mortgages offer buyers 100% financing for properties located in specific, ‘rural’ […]
30 Year Fixed Rates Will Rise Over 5% Let’s start with the easiest of the 2014 mortgage predictions. Mortgage interest rates rose about 1% from 2012 to 2013, but where will they head in 2014? The answer is unequivocally up. The government has already come out and stated that that they will be purchasing less […]
G Fees Increasing for Conventional Mortgages The Federal Housing Finance Agency (FHFA) recently announced that there will be an increase in the fees associated with conventional mortgages. More specifically, there is to be an increase in ‘G-fees’ throughout 2014, meaning that it will cost banks more money to do business with Fannie Mae and Freddie […]
Trulia periodically releases average home price and rent figures for the 100 largest metro areas in the United States. Once again, rising Florida home prices are beating out the national average in most areas. Jacksonville and Palm Bay are the only metro areas on the list that have not experienced greater than the 12.1% average […]
According to the National Association of Realtors, a whopping 8% of all home purchase transactions made in Florida over the past year involved a foreign national buyer. The study took place from July 2012-June 2013 and also reflected that an amazing 23% of ALL foreign buyers in the US choose to buy in Florida. Let’s […]