Jason Gonzalez, Florida Mortgage Broker
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 […]
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 […]
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 […]
What is a Mortgage Pre-Approval? A mortgage pre-approval is the process in which a potential home buyer completes a loan application and provides the necessary documentation to verify that they can indeed be approved for the mortgage they seek. Why is my mortgage pre-approval useless? As per the definition above, before getting preapproved for a home loan, […]
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 […]
According to the Commerce Department, New Home Sales slipped 1,000 units last month, falling to 368,000 units on a seasonally-adjusted, annualized basis.
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 […]
Buying a Florida Home? This is a MUST Read! You are reading this article for one of two reasons; you are either looking to buy a Florida home already or wondering if buying is right for you and your family. Worry not, by the end of this read, you’ll have enough information to make an […]