Lower Interest Rate Program
Interested
in a lower interest rate for the first two years of your loan? Our 2-1 Buydown L More... |
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Hurrican Ian
If you have been impacted by Hurricane Ian, with regards to your property and/or
employment, please contact the TMF Customer Reso More... |
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What are your Options?
Not
sure what program is best for you? Contact us today and we can
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Loan Limits increasing!
We are excited to announce that Conventional Loan Limits have increased! Contact us today to get pre-approved! More... |
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Hometown Heroes
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Down Payment Amount?How much money should you pay for a down payment? Bigger down payment: Lower interest rates Lower monthly payment Reduced mortgage insurance costsMore... |
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Down Payment tips #9 & 10#9 Automate your Savings If you're the type of person who's prone to impulse shopping, you may want to consider automating your savings. First, decide how much you want to save per month for your down payment. Then contact your bank and authorize an automatic withdrawal from your primary account in More... |
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Down Payment tips #7 & 8#7 Pick up a Side Hustle In today's world, it's a lot easier to earn money on your own time with a side hustle. Here are a few ideas you can consider to get started:
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Down Payment Tips 5 & 6#5 Reduce or Cut Out a Bad Habit Reducing or cutting even one bad habit can help you put away a good chunk of money in a year. Consider the following habits and whether diverting those dollars can help grow your down payment fund. Implulse buying: If you're prone More... |
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Down Payment Tips 3 & 4#3 Tax Refund Conider using your tax refund towards your down payment! Tax season may be the perfect opportunity to qualify for a new home. IRS tax refunds are eligible as a source for a down payment for homebuyers. With several More... |
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Down Payment Tips 1 & 2#1 Build a Budget The first step in the saving process is budgeting. If you don't know where your money goes every month, it's impossible to divert money to your down payment. Start reviewing your bank statements and all your credit card payments. Consider how much you spend each month on non More... |
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HOMETOWN HEROES- New Program!The Florida Hometown Heroes Housing Program makes homeownership affordable for eligible frontline community workers such as law enforcement officers, firefighters, educators, healthcare professionals, childcare employees, and active military or veterans. More... |
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Buying Land to build your homeHere are some important things to consider when searching for land on which to build your dream home:
1.) LOCATION: This is always the most important consideration in any real estate purchase. The safety, surrounding resources and potential for future growth in the area should be evaluat More... |
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Trendy Interior Design ideasGreat ideas from Better Homes & Gardens
How to Install and Maintain Durable Residential Epoxy Flooring | Better Homes & Gardens (bhg.com)< More... |
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Medical Debt CollectionAre medical collections dragging your credit score down? Beginning July 1st, 2022, credit companies will make it easier for homebuyers to not get penalized for some medical collections! Contact us today to get started on your dream home journey! More... |
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Do's & Don'tsDO'S
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CLEAR TO CLOSEOnce the loan has been approved, the closing process begins. During closing, the property title passes from the seller to the buyer. A closing agent, usually an attorney or official from a title company, oversees this process. The closing documents are then signed, the loan is funded and the proce More... |
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UNDERWRITINGOnce the processor submits the complete loan file to underwriting, it is checked to make sure the borrower and property meet all of the guidelines for the loan. The underwriter is responsible for approving or denying the loan application. Loans are sometimes approved with conditions. Once the borrower ful More... |
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ProcessingLoan processors will verify all documents relating to the borrower as well as the property being purchased. They will review all of the information in the loan file, request any additional documentation, and assemble an orderly and complete package for the underwriter. More... |
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ApplicationOnce you have found a home and have gotten into contract, our home loan experts will assist you through filling out the official loan application. The property information will be entered, any documentation that needs to be updated will be requested and you will be issued disclosures to review and sign.More... |
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Pre-ApprovalMore... |
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4 Things to know about the Federal Reserve1. The Fed* does not control the mortgage rates.
2. Rates fell before the recent Fed rate cut. < More... |
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Buy vs Rent?It's more affordable to own than to rent, but gap is narrowing (cnbc.com) More... |
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Mortgage Glossary part 4RATE LOCK: A guarantee from a lender of a specific interest rate for a period of time. REAL ESTATE AGENT A licensed professional who facilitates the buying and selling of real estate. REAL ES More... |
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Mortgage Glossary part 3MORTGAGE: A financial arrangement wherein an individual borrows money to purchase real property and secures the loan with the property as collateral. More... |
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Mortgage Glossary part 2HOME EQUITY LINE OF CREDIT: A type of mortgage loan that allows the borrower to draw cash against the equity in his home. HOME INSPECTION: A complete examination of a building to determine its structural integrity an More... |
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Mortgage Glossary part 1APPRAISAL: |
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Fall/ Winter Outdoor Home Maintenance Checklist |
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Cash out RefinanceWhen the housing market is slow, buyers can become easily and understandably frustrated. Rather than putting yourself and your family through that, why not rethink a refinance? Even if you still plan to relocate in the future, you can always borrow from your current equity to renovate and make your home more appealing to you now. Then when the market becomes more fluid, your renovations w More... |
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Moving Tip #10
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Moving Tip #9
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Moving Tip #8
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Moving Tip #7
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Moving Tip #6
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Moving Tip #5
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Moving Tip #4
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Moving Tip #3
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Moving Tip #2
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Moving Tip #1
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Mortgage Myths #6-10Mortgage Myth #6: No gifts or grants are allowed for a down payment. More... |
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Mortgage Myths #1-5Mortgage Myth #1: You MUST put down 20% to purchase a home. More... |
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5 Homebuyer Mistakes to AvoidMistake #1: More... |
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3 Homebuyer TipsIt's important to start saving early when wanting to buy a home. Here are the main costs to consider while doing so! More... |
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