NMLS 166254

Credit Scores and Home Loans: What Number is Best?

If you are considering buying a home, qualifying for a mortgage is the first step to making your dream of home ownership a reality.  Interest rates are at an all-time low, it’s a buyer’s market, and it’s a great time to purchase – there’s no doubt about it. But it’s important to understand that the […]

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What are the different types of mortgages and which one is right for me?

Let the mortgage prodessionals answer the mortgage questions that are most important to you. There are several types of mortgages and each client’s best intesrest are served by a knowledgeable mortgage banker who is familiar with all of them. In general there are conventional loans, government loans which inclufe FHA, VA, and Reverse Mortgages and […]

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How Refinancing Might Affect Your Credit Score?

With fixed rates remaining under 3.875%, many people are considering refinancing their mortgages to lower their monthly payments and overall debt burden.  If you can drop your interest rate by as little as ½ percent, you will be saving thousands of dollars. It just makes good financial sense to do it,  particularly since changes in […]

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How long does the mortgage process take?

Current turn around times to process a refinance or purchase loan is approximately 3 weeks. Retail banks can often take 60-90 days which creates a tremendous advantage for small direct lenders like Choice Mortgage Bank. Another reason for the fast turn around time is the file is always overseen by the broker and not passed […]

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Is there a way to reduce closing costs?

One way to reduce closing costs is to structure the loan with a marginally higher than best available rate which creates revenue for the bank to help pay your closing costs.  For instance, if the best available rate for a 30yr fix is 3.75% with standard closing costs, we can raise the rate by a […]

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What are the closing costs involved with refinancing?

Here in Florida we have three components of fees which include the bank, the title company, and the state.  My bank does not charge any points and therefore our fees only change depending if the loan is a government loan or conventional loan.  Most of the title fees and state fees are promulgated by the […]

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I financed my home at 5%, how low does the rate need to fall to make sense financially to refinance?

In order to analyze how much the interest rate must drop before I refinance, one would have to calculate the closing costs and the monthly savings.  Once we know how much money you are saving every month, we divide that monthly savings by the total closing costs to find your breakeven point as to when […]

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Credit Faux Pas

Applying for a mortgage can be a stressful process. It’s stressful enough to have to really sit down and look at your financial profile, but when you add on concerns over whether or not you’ll be able to get the home you have always wanted you’ve created a recipe for giving yourself more than a […]

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Home Valuation Code of Conduct

The Home Valuation Code of Conduct (the HVCC) offers a set of rules for the most ethical manner in which mortgage lenders (such as banks) are able to act when they commission the appraisal of a property. The actual HVCC is an industry agreement which was negotiated and accepted between the Fannie Mae , Freddie […]

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Bank Statement Mistakes

Applying for a mortgage is a huge event in your financial life, and making sure you receive approval for the mortgage you need and want requires a little advanced planning. One area of your financial picture you need to optimize to increase your chances of receiving the best mortgage is your Bank statement . Most […]

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Things to consider when refinancing a VA Mortgage Loan

Many people are considering refinancing because the current market interest rates are so low. If you have been looking into how refinancing benefits you and you want clarity as to how it works, you need to have a conversation with a qualified mortgage loan expert. Because mortgages make up one of the largest debts you […]

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Are VA Mortgage Rates Better Than FHA Mortgage Rates?

If you are  looking for a home loan you might become confused with all of the options and the various abbreviations. And I’m sure you’re  hoping to find a great rate this will mean finding a loan originator who can help. Most loan originators are quite knowledgeable and will be able to  explain how VA […]

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Company NMLS: 166254

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Corporate Office

40 SE 5th Street, Suite 502
Boca Raton, FL 33432
(561) 362-8441

NMLS 166254

Official Mortgage Lender of FAU Athletics



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40 Southeast 5th Street, Suite 502 Boca Raton, FL  33432 | Phone: (561) 362-8441
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