Jason Gonzalez, Florida Mortgage Broker
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 […]
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 […]
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 […]
How to Calculate an FHA Mortgage Payment Calculating a mortgage payment the right way can be a tall order for most big bank employees, let alone your typical home buyer. Since most of the loan applications coming through these days are for FHA purchases with a 3.5% down payment and 30 year amortization, we’ll focus on that scenario […]
Worried about Getting a New Mortgage? You’ve been on the fence about getting a new mortgage for a few months. Now, you are seeing the news that mortgage rates are on the rise and you are wondering if you’ve missed the boat. The good news is that you haven’t! Current mortgage rates are still near […]
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 […]
Buying a Home? Keep it Real with Your Realtor! Whether buying a home or selling one, there are just too many people out there not ‘keeping it real’ with their Realtor. More specifically, a lot of home shoppers out there aren’t being completely honest with their Realtors and it winds up costing them the home of their […]
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 […]
Whether you’re buying a home, or own one already, revisit your hazard insurance regularly.
Florida Jumbo Loan Jumbo loans are typically categorized as mortgage loans that exceed the standard conventional loan limit of $417,000. So, if you are interested in purchasing or refinancing a high-end home in sunny Florida, a jumbo mortgage is a must have for your financial arsenal. You’ll be pleasantly surprised at how competitive the rates […]