How to Save Thousands on Your Mortgage
Do you hate the thought of paying hundreds of thousands of dollars in interest on a mortgage loan? When you make a mortgage payment, a portion of that money goes toward the principal amount of your loan, and the other part goes toward interest. During the early years of your mortgage, your payments will primarily […]
How to Become a Homeowner in Florida
If you’ve ever wanted to buy a house in Florida, you’ll need to go through a lot of steps. In this article, we provide an overview of how to become a homeowner in Florida. Budget You need to know exactly how much home you can afford before you begin your home search. The mortgage payment […]
Choosing the Right Mortgage for a Fixer Upper
The biggest difference you’ll be facing is that you’re applying for a mortgage based on the value of the house after the renovation, and not what the home is worth at the time of purchase. Unlike traditional fixed rate mortgage options, fixer-upper homes will need a unique loan. There are two main types of loans […]
Non-Conforming Home Loans in Florida
A residential mortgage that does not conform to the loan purchasing guidelines set by the Federal National Mortgage Association and Federal Home Loan Mortgage Corporation is called a non-conforming loan. The significant difference between a conforming and a nonconforming loan is the loan’s limits. Non-conforming loans in Florida or jumbo loans have higher limits, and […]
Reasons to Use the Best Mortgage Brokers in Florida
When considering buying a home, most people require a mortgage to do so. Doing business with banks and lenders directly or hiring a mortgage broker. Finding a mortgage broker is a bit more difficult than it used to be but are still part of the mortgage marketplace. In this article, we’ll cover the reasons you […]
How do the Best Mortgage Lenders in Florida Handle Bad Credit?
Most people believe they are ineligible for a loan when they have poor credit. This isn’t true at all. There are programs that work with lenders to assist in providing a home to those whose credit needs some work. In this article, we’ll look at the two main programs the best mortgage lenders in Texas […]
Do Online Florida Mortgage Loans Need a 20% Down Payment?
Purchasing a home in Florida is not an impulse buy. From appraisals and inspections to closing costs and down payments, it can take years to save the upfront cash required. However, thanks to low-down-payment loans now on the market, homeowners can have keys in hand to that home for sale with significantly less cash out […]
How Mortgage Companies in Florida Calculate Your Mortgage
Traditionally, you can typically afford a home in Florida priced two to three times your gross income. This means that if your household income is $100,000, you can typically afford a home between $200,000 and $300,000. However, this calculation isn’t the best method. Why? Because it doesn’t consider monthly expenses and debts. Those costs can make a […]
Florida Home Mortgage Loans
There are many types of Florida home mortgage loans. Understanding what’s available can help you review your options to get an idea of what options might work best for you and your family. Of course, 1st Florida Mortgage is happy to help you find the right home loan! In the meantime, why not review your […]
Best Mortgage Companies in Florida
Whether you’re a first-time home buyer or are a seasoned veteran, you’ve got so many choices when it comes to purchasing a house. Finding the best mortgage company to structure a loan for your individual lending needs can be a challenge. Should you work with a mortgage lender? A mortgage broker? Or should you use […]
