Jason Gonzalez, Florida Mortgage Broker
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 […]
FHA Waiting Period REDUCED to One Year Prior Bankruptcy, Foreclosure or Short Sale OK FHA has changed the rules again, but this time for the better! As of last week, FHA will now allow borrowers with a previous short sale, foreclosure or bankruptcy (over one year ago) to buy a new home! Regarding FHA Mortgagee Letter 2013-26 […]
Florida mortgage rates increasing! Hold on to your hats, Florida mortgage rates are increasing faster than a speeding bullet! If you are one of the countless home buyers and prospective refinance candidates kicking themselves for letting such awesome low rates and amazing opportunity escape their grasps, all hope is not lost. Before you hang up […]
FHA Changes June 2013 Bad News for Home Buyers Please don’t shoot the messenger, but I feel obligated to let you know that the FHA changes June 2013 are going to leave a lot of people in a bad spot in years to come. As some of you may recall, I mentioned some huge changes […]
Florida Mortgage Rates Update In case you hadn’t heard, Florida mortgage rates are shooting up faster than a 4th of July firework right now. This comes in light of some ‘positive’ economic data and speculation that the end of government stimulus is at a near. A stimulus, in this broad sense, is when the government […]
Current FHA Mortgage Rates HOME BUYER ALERT! FHA Changes June 2013 … Forever! One look at the current FHA mortgage rates and it’s not difficult to see why everyone is rushing to their local banks to apply for a new, Florida FHA mortgage. Current homeowners Remember the day a few years ago when a mortgage […]
FHA Makes Two HUGE Changes Well, the Federal Housing Administration (FHA) is at it again. In an effort to reduce the amount of risk exposure the federal organization has in the housing markets, they have agreed to make some pretty hefty changes to FHA loans moving forward. The most notable changes include: Increase in monthly […]
FHA Streamline Refinance : New and Improved THIS ARTICLE CONTAINS CORRECT AND UPDATED INFORMATION AS OF August 21, 2013 Refinancing your FHA mortgage just cheaper! Get your FHA streamline refinance applications ready! FHA is lowering the required mortgage insurance premiums for all loans made prior to May 31, 2009. The changes are as follows: For […]
Florida FHA Changes Ahead! This is the final week to get your FHA mortgage applications in under the current guidelines. Starting next week (April 1st officially) Florida FHA mortgage loans will cost more money. How? Well, the Federal Housing Administration decided to raise the up-front mortgage insurance premium (MIP) as well as the monthly […]