Understanding Jumbo Loans

When You Can’t Get a Conforming Loan, You Get a Jumbo Loan Imagine you’ve found the house of your dreams. After years of work, maybe even decades, you’re ready for this place that you love. Maybe it’s in an expensive area of town, or maybe it’s particularly big. Whatever the reason, you’ve found a home […]

Refinancing: When Is the Timing Right?

For a lot of people, the mortgage process for buying their first home is grueling enough that they sigh “Never again!” and plan to simply live in the house until they die peacefully in their favorite chair.  For others, refinancing a house is almost like a game of Lowest Rate Ever that they never get […]

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 […]

I’ve heard that HARP has been extended. Is this true? If so, why are they extending it?

Why do I need an appraisal and how does it effect the process of buying or refinancing a home?

4 Secrets to Refinancing an Underwater Mortgage

If you are one of the millions of homeowners across the country with a mortgage that is considered “underwater,” you’ve likely discovered the difficulty in getting your home refinanced to take advantage of a better rate.  While government programs like FHA are allowing underwater homes to be refinanced, conventional loan holders are finding less luck. […]

My Home Didn’t Appraise For Its Purchase Price. What Are My Options?

When you are in the process of buying, selling or refinancing your home, obtaining a home appraisal is usually a required step.  When an appraiser comes to your home, he or she will determine its “fair market value” by considering a variety of factors, such as the number of bedrooms and bathrooms, the age of […]

FHA Streamline Refinances: Too Good To Be True?

With mortgage rates at very attractive lows, many homeowners are seeking to refinance their existing mortgages to take advantage of the savings that lower rates bring.  While low rates are good news, if your current mortgage is an FHA mortgage, there’s great news for you: FHA offers Streamline Refinances, which are the fastest, easiest way […]

HARP 2.0 and What it Means for Homeowners Who are Underwater

If you are sitting in a home for which you owe more than it is currently worth, you are one of millions of homeowners in the exact same predicament.  The good news is that you no longer have to sit underwater with a mortgage that is sub-prime or at interest rates that far exceed what […]

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 […]