Jason Gonzalez, Florida Mortgage Broker
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 […]
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 […]
HARP 2 Refinance Loans Cheaper as of This Week! Despite the slight increase in interest rates, due to a recent policy change, HARP 2 refinance loans have gotten cheaper for upside down homeowners. The HARP 2 refinance, also known as the Home Affordable Refinance Program, was designed to help underwater homeowners refinance into today’s low […]
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 […]
Here’s your HARP 2 refinance …WAIT .. Not so fast! If you are like so many other disappointed homeowners in America, you may have recently been denied for the new Home Affordable Refinance Program (HARP 2 for short). The bad news is that unfortunately, that time you spent with the other bank is lost. The good news […]
There are many reasons why homeowners opt to refinance, from obtaining a lower interest rate, to shortening the term of the loan, to switching mortgage loan types, to tapping into home equity.
If you are upside down on your FHA mortgage … KEEP READING! Little known fact : There are over 10,000 Florida homeowners that are paying an interest rate of 5.5% or more on their current FHA mortgage loans. Are you? Another little known fact : Regardless of what you may have heard, even if your […]
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 […]
Looking for a HARP 2 Freddie Mac Refinance? HARP 2 Freddie Mac refinances have been a huge disappointment for consumers thus far. Although the release of Obama’s popular Home Affordable Refinance Program has been a tremendous relief for many homeowners, those of you with a Freddie Mac loan may not be so relieved just yet. More […]
HARP 2 . 0: Banks Flooded With Applications When the new Harp 2 upside down refinance program (affectionately referred to as HARP 2.0) hit the streets about a month ago, it brought the mortgage industry to a complete halt. See, our good friends Fannie and Freddie, whom own a majority of the loans on the market right […]
The Truth About HARP 2 UPDATE 11/29/2012 We can now do just about all qualifying HARP 2 refinance loans regardless of whether you have mortgage insurance or not! Also, we do not have a limitation of how upside down you can be. It doesn’t matter if you owe twice as much as what your home is worth, bring it on! […]
Florida FHA Refinance | FHA Streamline Refinance What are the new FHA changes? In a nutshell, FHA refinance loans just got a whole lot cheaper thanks to the White House deciding today that it was going to cut mortgage insurance premiums on all streamlined FHA refinances for loans taken out before June 1, 2009. What […]