Everything You Need To Know About VA Mortgage Loans

Becoming a homeowner is often a complicated, expensive process –– but for those who have served in our nation’s military, things can be more straightforward. The U.S. Department of Veterans Affairs works with private lenders to make it easier for servicemembers, veterans, and surviving spouses to become homeowners. The team at Choice Mortgage Group is […]

All You Need To Know About Jumbo Mortgage Loans

Buying a new home is an exciting process. Whether it’s your first time purchasing or you’re venturing out to acquire a vacation property, you’ll likely have many questions about the home-buying process. What is a Jumbo Mortgage Loan? According to the latest data from the Federal Housing Finance Agency, the average mortgage loan in the […]

Which Refinancing Mortgage Loan is Right for You?

Thinking about refinancing your home? With mortgage rates as low as they are right now, there are so many reasons why more homeowners are choosing to refinance. For South Florida homeowners, choosing which type of refinancing is the best for you depends on your financial situation. There are three different refinancing options to choose from, […]

Mortgage Basics for Millennials

Wondering how to get the best mortgage? What the “best” mortgage means? What a mortgage even is? Despite being one of the smartest and hardest working generations, a lot of us millennials find ourselves feeling out of our depth when it comes to things like lending and mortgages and owning property. Luckily, it’s not all […]

Home Values in the City vs. the Suburbs

When buying your first home, there are a lot of things to consider, but one thing you might want to look at is how the home values are impacted by location. Suburban Homes Generally Have More Space Than Urban Homes If you’re someone who wants to live in a big house, you’re definitely going to […]

Should You Buy a Home or Rent a House?

When you’re trying to decide whether you should buy or rent a property, there’s one simple question you need to consider. Do you want a house or a home? Why You Might Want to Rent If you’re young — coming straight out of college or from a family member’s place — you might just need […]

Understanding Fannie Mae and Freddie Mac

After the release of The Big Short, there seems to be renewed interest in Fannie Mae and Freddie Mac. The subject, unfortunately, can be very difficult to parse. Therefore, I hope to clear up some of the confusion with a post that covers the Fannie Mae and Freddie Mac basics. What are Fannie Mae and […]

Applying For a Mortgage in 2014? Don’t Do It Until You Read These Tips (Part 1)

Thinking of getting a mortgage in 2014?  If so, there are a lot of changes happening.  Here are some tips on successfully navigating them and qualifying for the best mortgage available on the market: Refresh your financial record-keeping skills.  2014’s new rules require lenders to be especially thorough in requesting adequate documentation for borrowers’ income […]

The Diminishing Value of HARP 2.0

While home prices in the country have seen a promising increase (more than 12% in the past year), HARP 2.0, one of the most popular refinance programs of the past few years, is seeing a decline in popularity.  The reason for this is since the HARP 2.0 program allows for high loan-to-value (LTV) mortgages, and […]

Mortgage Requirements Are Loosening for Prime Borrowers

A recent Federal Reserve survey of domestic loan originators shows that out of more than 70 banks within the US, most are loosening their mortgage lending standards—more in the last quarter than at any time during the last 10 years.  This survey, conducted once per quarter by the Federal Reserve, ascertains what the national lending […]

I’m planning to refinance my home soon. Do you have any tips so that my application has a greater chance of getting approved?

5 Biggest Refinancing Mistakes to Avoid

With so many people applying to get a South Florida refinance on their house, the chances of you being the one approved get slimmer and you cannot afford to make mistakes that can completely ruin your chances.  So, if you are planning to pay off your current South Florida mortgage with refinancing, here are some […]