There is a non-traditional type of home mortgage loan being marketed to consumers known as an interest only home mortgage loan. Sometimes called a balloon mortgage, an interest only mortgage is exactly what the name implies. For the term of the mortgage, the borrower is paying only the interest that is due on the home [...]

As interest rates drop, home owners and investors alike pay attention. As a home owner, you know your monthly mortgage payment, you know your interest rate, and you remember, all too well, the closing costs and miscellaneous expenses involved with securing your mortgage.  Yet, when surrounded by market conditions that lead to declining interest rates, [...]

Although a nice mansion on the beach you found for sale looks just like your dream home, you should probably take a look at the loan you will need to pay for this. In Florida, just about any individual can get a home loan. Someone with bad credit, or even no credit, is a valid [...]

There are numerous programs and deals available for Florida mortgages. How do you find the right one for you? Here are some guidelines to help you get started.
Remember the three C’s
How do banks and brokers rate mortgages? It is quite simple. Just remember this equation: three C’s equals LTV (Loan to Value). The three C’s [...]