Category: New Home Loan

2024 Florida Home Purchase Requirements

Think it’s difficult or even impossible to purchase a home in 2024? You may be surprised to learn that home ownership is quite feasible for many Florida residents. If you’ve been holding off on a home purchase because you believe you can’t possibly qualify for a loan, you’ll want to stop and read this article. […]

What to Do If Your Home Purchase Falls Through

It happens to the best of us. Sometimes, real estate deals fall apart. In fact, the National Association of Realtors notes that at least 5% of real estate deals terminate before closing. Usually, when your home purchase falls through the problem lies with the financing. Sometimes, you can fix the problem, and sometimes, you can’t.  […]

Customized Loan Solutions for High Net-Worth Individuals in Florida

In the world of finance, high net-worth individuals often have unique needs that require specialized mortgage solutions. Florida’s vibrant and diverse economy, combined with the state’s attractive tax policies, makes it a prime location for high-net-worth individuals seeking customized loan solutions. This blog will explore the tailored mortgage options available, the benefits of choosing the […]

How to Choose the Right Neighborhood

Shopping for a new home? Your long-term happiness in your new house will depend in part on how much you love your new neighborhood.  In fact, choosing the right neighborhood may matter far more than choosing a house you love. You can change a lot about your house. You can’t chase off nosy neighbors, get […]

What to Expect During the Home Inspection

You should never purchase a home without a proper home inspection, but the process can be nerve-wracking. After all, if there are too many problems with the house, the bank might deny financing, and you might have to continue your search.  Nevertheless, forgoing the inspection can mean setting yourself up for years of expensive problems.  […]

The Complete Guide to Closing Costs for Homebuyers

When you purchase a home, the down payment is not the only money you’ll need to save or payment you’ll need to make. You’ll also have to worry about closing costs, which are typically not covered by your mortgage loan. Let’s discuss closing costs so you can prepare for them. What are closing costs? Buying […]

What Are Mortgage Notes? Essential Information for Homebuyers

Your mortgage note is a document that reflects all the terms and conditions of the mortgage loan agreement. You typically sign this document during the closing process.  Here is an example mortgage note.  The mortgage note is a promise to pay the loan. It is also the document that gives your lender the right to […]

Good Credit Score: Your Ticket to Better Financial Opportunities

Household debt is at an all-time high, so it’s no surprise that many inquiries about mortgage loans revolve around the minimum credit score one requires to take advantage of any given program. Yet the importance of having a good credit score while shopping for a house stretches beyond whether you can get approved for the […]

How to Calculate Your Debt-to-Income Ratio

You can have stellar credit and a great income, but if your debt-to-income ratio (DTI) is too high, it may still be challenging to obtain a mortgage. Your DTI, also known as your credit utilization ratio, helps your lender determine whether you are likely to become overextended after taking on the new loan. Even if […]

Everything You Need to Know About Mortgage Insurance

Mortgage insurance is a policy that protects lenders if you default on your loan. If you default, mortgage insurance will not pay the lender the entire balance but will cover their lost interest payments and administrative expenses. Foreclosure will take care of the rest.  Mortgage insurance may sound burdensome, but it serves a purpose. It […]