Gift Funds for Your Mortgage: What You Need to Know
Imagine telling your 5-year-old self how excited you are that someone is gifting you funds for a mortgage. 🤪 Gift funds are […]
Debt-to-Income Ratio (DTI)
Mortgage Terminology Breakdown: DTI Understanding Debt-to-Income Ratio (DTI) and how it effects your homebuying process: One of the key terms you’ll come […]
Getting a Mortgage After a Divorce
Many people hear that getting divorced will hurt their credit, but that belief isn’t entirely accurate. Let’s break this down into a […]
Florida Mortgage Costs: Income Allocation Explained
There’s Really No One-Size-Fits-All Answer – Here’s Why: The idea that a certain percentage of income should go toward your mortgage might […]
What are FHA Rehab Loans?
Need to Repair, Renovate, or Rebuild? Explore FHA 203(k) and FHA 203(h) Loan Options The FHA offers two types of rehabilitation loans for […]
What is Included in a Mortgage Payment?
They taught you how to understand X+Y in high school, but skipped on what’s included in a mortgage statement, huh? Same here. […]
How Student Loans Impact Mortgage Loan Approvals
With college graduates entering the workforce and rental rates rising across the country, many people are concerned about how their student loans […]
Mortgage Loan-Level Price Adjustment Comparison
LLPA Pricing Comparison Tool Loan-Level Price Adjustment is a pricing adjustment made to a mortgage loan based on a borrower’s creditworthiness and […]
What is Mortgage Recasting?
A recast is when you make a lump-sum payment toward the principal of your loan to reduce your mortgage balance, and your mortgage lender subsequently recalculates your payment.
FMF Wins Readers’ Choice Award 5 Years in a Row
FMF Wins Readers’ Choice Award 5 Years in a Row The FOCUS Readers’ Choice Awards named Florida Mortgage Firm the “Top Mortgage […]