Debt Ridden? A Florida Refinance Can Help

Credit card debts have spun out of control. If you are one of the millions of Americans plagued with piling debts, debt consolidation is a practical alternative. If a refinance can bail you out of this financial mess, ask a Florida refinance expert to explain the mortgage details before you put up your house as collateral.

What To Expect From A Mortgage Expert

Getting a refi to consolidate your debts is not the best reason to get a refinance. But experts can help you out. These refinance companies have several mortgage programs for every need and financial capacity.

Wherever you are, a Florida refinance expert can walk you through the different mortgages and interest rates. An online mortgage calculator can provide you with an accurate estimate of your monthly amortization for a 30, 20 or 15 year loan.

The refinance expert will offer you various mortgage programs. Before he launches his sales talk, ask the following questions:

* What is the lowest fixed mortgage interest rate that can be available in your case?
* Do they charge a penalty for early payment?
* Can you back out from the deal if you realize that the mortgage is no right for you?
* Who is going to service your mortgage when the deal is signed?
* What are the tax benefits available?

An expert is bound by ethical standards to tell you your rights as a consumer. He should honestly answer your questions. After all, it’s you who will be burdened with the mortgage. So be vigilant about your rights. He will offer you both traditional and conventional mortgage schemes and explain what to expect from these types of mortgage programs.

Do Your Research

Before a meeting with a loan agent, weed out the refinance companies until you find one that can deliver the lowest interest rates. Find out if the fees are all laid out and what the company expects from day one to the closing of your refinance.

With advance knowledge of the monthly amortization of your refinance and the company’s requirements, determine the overall budget after expenses and taxes. List other possible sources of income aside from your regular paycheck and make sure you have enough to cover your family’s needs, or else your plans will not stand a chance.

Calculate how long you’ll be residing in your home. If you’re going to stay for 3 to 7 years, get an adjustable mortgage while the interest rates are low and adjusts later on to the prevailing rate. Get one that matches your timeframe. Ask the loan expert from the Florida refinance company about the feasibility of an ARM in your situation.

Family Collaboration Counts

If you’ve been building the equity of your home, a Florida refinance company should entitle you to 90% of the current value of your house. Use this money to pay your credit card debts. Use the remaining amount for emergency purchases. Remember this is not the time to splurge, but to save up for the future and to keep your house.

If your refinance has been given approval, take the new mortgage seriously. Your house is your last valuable asset and you can’t live on the streets. Prepare a practical financial plan. Enlist your partner to help you and talk it over with your kids. Explain there’ll be some things they have to live without like weekly movies and new gadgets. Family cooperation can make living on a reduced budget bearable and contribute to the success of your Florida refinance.

The Top Five Mistakes To Avoid In Refinancing Through Florida Refinance

Today’s mortgage rates are favorable for borrowers. If you’re thinking of buying a second home in this side of the US, Florida refinance companies are offering favorable deals which will make your decision a good one. Still, there are refinance traps to avoid.

Failing to Compare Lending Companies

If you are not comfortable with the terms of your current Florida refinance lender, look for others and compare their interest rates. However, you can negotiate for competitive rates since your lender will want to continue doing business with you.

You don’t have to be an expert to know if the Florida refinance company is a reputable one. They’ll be known by their loan consultants or agents. These people are supposed to help you, not bamboozle you into a loan you cannot afford. If you feel they want you to rush your decision, drop them.

Negligence in Choosing the Most Responsive Loan

Since there are a number of refinance loans to choose from, the loan suited for you will depend on your personal and financial circumstances. Depending on your financial viability, you may opt for a 15-year contract or a 30-year loan term.

Weigh the pros and cons and look beyond your situation now. A 15-year loan term may appear expensive, but you will be paying the principal amount faster compared to a 30-year contract.

Failing to Analyze the Significance of Your Expenses

In getting a Florida refinance, determine when you can break even with all the expenses you have incurred for the loan. How is this done?

Add up all your expenses. Subtract the new monthly payment from the previous one. Multiply the difference with the number of months before you can come up with the total amount you spent for loan processing and documentary requirements. The result will reflect the number of months before you can break even with your Florida refinance.

Not Paying Attention to The Mortgage Insurance

Private mortgage insurance is added expense, but is required by lending companies. You will also pay a monthly amortized amount on top of your monthly loan payment. To avoid this, refinance under the capped value.

Not Appreciating the Types of Mortgage Rates

If you have a steady fixed income, the fixed rate interest is ideal for your situation. True, adjustable rate mortgage (ARM) can save you money, but feel the pulse of the economy now. The new ARM, however, is capped with a limit on adjustments, which is a good thing for borrowers.

Go Beyond the Florida Refinance

There are several reasons to get a Florida refinance. It’s always an opportunity for you to take stock of your present circumstance and parlay the loan to economic success.

In going for a Florida refinance, think of the other opportunities a refinance will give you. There’s more to refinance than just paying for a new home. Your refinance can help you with big expenses or float your business. You can enjoy the benefits more if you have a vision for the years to come.

Steamline FHA mortgage Refinance FLorida

FHA Streamline Refinance Florida

Revised FHA Streamline Refinance Transactions

This Mortgagee Letter provides (1) revised procedures; and (2) reaffirms existing procedures regarding Streamline Refinance transactions.  This Mortgagee Letter is effective for new case numbers assigned on or after 60 days from the date of this letter.

Key Revisions:

Seasoning Payment history Net tangible benefit for the borrower Maximum Combined Loan-to-Value New Maximum Mortgage Amount for Streamline Refinances WITHOUT an Appraisal Discounts Points no longer included in Existing Debt for Streamline Refinances WITH an Appraisal Verification of any assets needed to close Certification that borrower is employed and has income Elimination of abbreviated Uniform Residential Loan Application (URLA)

Florida home buyers should know the many advantages of the FHA streamline mortgage refinance. FHA steamline refinance loans were created to help increase home ownership. For the Florida home buyer the FHA program can simplify the purchase of a home, making financing easier and less expensive than a conventional mortgage loan product. Some highlights of the Florida FHA loan program include:

Minimal Down Payment and Closing costs.

Down payment less than 3% of Sales Price Gifts are allowed Seller can credit up to 6% of sales price towards closing and prepaid costs. 100% Financing available No reserves required. FHA regulated closing costs.

Easier Credit Qualifying Guidelines such as: 

  No minimum FICO score or credit score requirements. FHA will allow a home purchase 1 year after a Bankruptcy. FHA will allow a home purchase2 years after a Foreclosure.

Apply for an FHA streamline REFINANCE at:

http://www.fhamortgagefhaloan.com/

       I.             Revisions for ALL Streamline Refinance Transactions

A.    Seasoning

At the time of loan application, the borrower must have made at least 6 payments on the FHA-insured mortgage being refinanced.

B.     Payment History

At the time of loan application, the borrower must exhibit an acceptable payment history as described below.

1)      For mortgages with less than a 12 months payment history, the borrower must have made all mortgage payments within the month due.

2)      For mortgages with a 12 months payment history or greater, the borrower must have:

a)      Experienced no more than one 30 day late payment in the preceding 12 months,  

AND

b)      Made all mortgage payments within the month due for the three months prior to the date of loan application.

C.    Net Tangible Benefit 

The lender must determine that there is a net tangible benefit as a result of the streamline refinance transaction, with or without an appraisal.  Net tangible benefit is defined as:

reduction in the total mortgage payment (principal, interest, taxes and insurances, homeowners’ association fees, ground rents, special assessments and all subordinate liens),   refinancing from an adjustable rate mortgage (ARM) to a fixed rate mortgage,

OR

reducing the term of the mortgage.

Reduction in Total Mortgage Payment:  The new total mortgage payment is 5 percent lower than the total mortgage payment for the mortgage being refinanced.  Example:  Total mortgage payment on the existing FHA-insured mortgage is $895; the total mortgage payment for the new FHA-insured mortgage must be $850 or less. 

 This requirement is applicable when refinancing from a Fixed Rate to Fixed Rate, from an ARM to ARM, from a Graduated Payment Mortgage (GPM) to Fixed Rate, from GPM to ARM, from a 203(k) to 203(b) and from a 235 to 203(b).

 Fixed Rate to ARM:  Fixed rate mortgages may be refinanced to a one-year ARM provided that the interest rate on the new mortgage is at least 2 percentage points below the interest rate of the current mortgage   

ARM to Fixed Rate:  The interest rate on the new fixed rate mortgage will be no greater than 2 percentage points above the current rate of the one-year ARM.  For hybrid ARMs, the total mortgage payment on the new fixed rate mortgage may not increase by more than 20 percent .  Example:  total mortgage payment on the hybrid ARM is $895; the total mortgage payment for the new fixed rate mortgage must be $1,074 or less.

 Reduction in Term:   For transactions that include a reduction in the mortgage term, that loan must be underwritten and closed as a rate and term (no cash-out) refinance transaction.

Investment Properties/Secondary Residences:  In addition to meeting the requirement for a reduction in the total mortgage payment, investment properties or secondary residences are not eligible for streamline refinancing to ARMs.

D.    Certifications and Verifications

When submitting the loan for insurance endorsement, the lender must include a signed and dated cover letter on their letterhead certifying[1] that the borrower is employed and has income at the time of loan application.

If assets are needed to close, the lender must verify and document those assets.

The lenders must also include the pay-off statement in the case binder.

E.    Credit  Score

If a credit score is available, the lender must enter the credit score into FHA Connection.  If more than one credit score is available, lenders must enter all available credit scores 

F.     Maximum Combined Loan to Value

If subordinate financing is remaining in place, the maximum combined loan-to-value ratio is 125 percent.

For streamline refinance transactions WITHOUT an appraisal, the CLTV is based on the original appraised value of the property.

For streamline refinance transactions WITH an appraisal, the CLTV is based on the new appraised value.

G.    TOTAL Scorecard

Lenders should not use TOTAL on streamline refinance transactions.  If a lender uses TOTAL, that loan must be underwritten and closed as a rate and term (no cash-out) refinance transaction.

H.    Uniform Residential Loan Application (URLA)

FHA Mortgage Qualifying Florida, FHA qualifying is easy……

 FHA CREDIT Qualifying

 ANALYZING THE FHA Mortgage applicants  Credit History

 Florida home buyers should know the many advantages of the FHA mortgage loan programs. FHA loans were created to help increase home ownership. For the Florida home buyer the FHA program can simplify the purchase of a home, making financing easier and less expensive than a conventional mortgage loan product. Some highlights of the Florida FHA loan program include:

Minimal Down Payment and Closing costs.

Down payment less than 3% of Sales Price Gifts are allowed Seller can credit up to 6% of sales price towards closing and prepaid costs. 100% Financing available No reserves required. FHA regulated closing costs.

Easier Credit Qualifying Guidelines such as:

  No minimum FICO score or credit score requirements. FHA will allow a home purchase 1 year after a Bankruptcy. FHA will allow a home purchase2 years after a Foreclosure.

To take advantage of the FHA program in Florida, Visit

www.FHAmortgageFHAloan.com

Past credit performance serves as the most useful guide in determining a borrower’s attitude toward credit obligations and predicting a borrower’s future actions. A borrower who has made

payments on previous and current obligations in a timely manner represents

reduced risk. Conversely, if the credit history, despite adequate income to support obligations, reflects continuous slow payments, judgments, and delinquent accounts, strong compensating factors will be necessary to approve the loan.

When analyzing a borrower’s credit history, examine the overall pattern of credit behavior, rather than isolated occurrences of unsatisfactory or slow payments. A period of financial difficulty in the past does not necessarily make the risk unacceptable if the borrower has maintained a good payment record for a considerable time period since the difficulty. When delinquent accounts are

revealed, the lender must document their analysis as to whether the late payments were based on a disregard for financial obligations, an inability to manage debt, or factors beyond the control of the borrower, including delayed mail delivery or disputes with creditors.

While minor derogatory information occurring two or more years in the past does not require explanation, major indications of derogatory credit–including

judgments, collections, and any other recent credit problems–require sufficient

written explanation from the borrower. The borrower’s explanation must make

sense and be consistent with other credit information in the file. Neither the lack of credit history nor the borrower’s decision not to use credit may

be used as a basis for rejecting the loan application. We also recognize that some prospective borrowers may not have an established credit history. For those borrowers, and for those who do not use traditional credit, the lender must develop a credit history from utility payment records, rental payments, automobile insurance payments, or other means of direct access from the credit provider. The lender must document that the providers of non-traditional credit do, in fact, exist and verify the credit information. Documents confirming the existence of a nontraditional credit provider may include a public record from the state, county, or city records, or other means providing a similar level of objective confirmation. To verify the credit information, lenders must use a published address or telephone number for that creditor. As an alternative, the lender may elect to use a non-traditional mortgage credit report developed by a credit-reporting agency, provided that the credit reporting agency has verified the existence of the credit providers and the lender verifies that the non-traditional credit was extended to the applicant. The lender must verify the credit using a published address or telephone number to make that

verification.

The basic hierarchy of credit evaluation is the manner of payments made on

previous housing expenses, including utilities, followed by the payment history of installment debts, and then revolving accounts. Generally, an individual with no late housing or installment debt payments should be considered as having an acceptable credit history, unless there is major derogatory credit on his or her revolving accounts.

When reviewing the borrower’s credit and credit report, the lender must pay

particular attention to the following:

A. Previous Rental or Mortgage Payment History. The payment history

of the borrower’s housing obligations holds significant importance in

evaluating credit. The lender must determine the borrower’s payment

history of housing obligations through either the credit report, verification

of rent directly from the landlord (with no identity-of-interest with the

borrower) or verification of mortgage directly from the mortgage servicer,

or through canceled checks covering the most recent 12-month period.

B. Recent and/or Undisclosed Debts. The lender must ascertain the

purpose of any recent debts, as the indebtedness may have been incurred

to obtain part of the required cash investment on the property being

purchased. Similarly, the borrower must provide a satisfactory

explanation for any significant debt that is shown on the credit report but

not listed on the loan application. The borrower must explain in writing

all inquiries shown on the credit report in the last 90 days.

C. Collections and Judgments. Court-ordered judgments must be paid off

before the mortgage loan is eligible for FHA insurance endorsement. (An

exception may be made if the borrower has agreed with the creditor to

make regular and timely payments on the judgment and documentation is

provided that the payments have been made in accordance with the

agreement.) FHA does not require that collection accounts be paid off as a

condition of mortgage approval. Collections and judgments indicate a

borrower’s regard for credit obligations and must be considered in the

analysis of creditworthiness with the lender documenting its reasons for

approving a mortgage where the borrower has collection accounts or

judgments. The borrower must explain in writing all collections and

judgments.

D. Previous Mortgage Foreclosure. A borrower whose previous principal

residence or other real property was foreclosed or has given a deed-in-lieu

of foreclosure within the previous three years is generally not eligible for a

new FHA-insured mortgage. However, if the foreclosure was the result of

documented extenuating circumstances that were beyond the control of the

borrower and the borrower has re-established good credit since the

foreclosure, the lender may grant an exception to the three-year

requirement. Extenuating circumstances include serious illness or death of

a wage earner, but do not include the inability to sell the house because of

a job transfer or relocation to another area.

E. Bankruptcy. A Chapter 7 bankruptcy (liquidation) does not disqualify a

borrower from obtaining an FHA-insured mortgage if at least two years

have elapsed since the date of the discharge of the bankruptcy.

Additionally, the borrower must have re-established good credit or chosen

not to incur new credit obligations. The borrower also must have

demonstrated a documented ability to responsibly manage his or her

financial affairs. An elapsed period of less than two years, but not less

than 12 months, may be acceptable if the borrower can show that the

bankruptcy was caused by extenuating circumstances beyond his or her

control and has since exhibited a documented ability to manage his or her

financial affairs in a responsible manner. Additionally, the lender must

document that the borrower’s current situation indicates that the events

that led to the bankruptcy are not likely to recur.

A Chapter 13 bankruptcy does not disqualify a borrower from obtaining

an FHA-insured mortgage provided the lender documents that one year of

the payout period under the bankruptcy has elapsed and the borrower’s

payment performance has been satisfactory (i.e., all required payments

made on time). In addition, the borrower must receive permission from

the court to enter into the mortgage transaction.

F. Consumer Credit Counseling Payment Plans. Participation in a

consumer credit counseling payment program does not disqualify a

borrower from obtaining an FHA-insured mortgage provided the lender

documents that one year of the pay-out period has elapsed under the plan

and the borrower’s payment performance has been satisfactory (i.e., all

required payments made on time). In addition, the borrower must receive

written permission from the counseling agency to enter into the mortgage

transaction.

Florida FHA mortgage refinance up to 97.75%, No MIn FICO

 FHA Home Refinance Loans

Take advantage of the many benefits of FHA  refinancing your Florida home – from getting cash out, to lowering your monthly mortgage payment, to protecting your Florida home investment – our FHA mortgage refinancing programs give you financial breathing room up to 85% of your Florida  home’s value. FHA refinancing offers financial freedom, a federally insured Florida home loan, and the low fixed rate you are looking for. If you already have an FHA loan, you may be eligible for a FHA streamline refinance that doesn’t require an FHA appraisal, credit check, income verification, or a face-to-face application. visit http://www.fhamortgagefhaloan.com/ for more information

Florida FHA Mortgage Refinance

Some advantages of using a FHA mortgage for your mortgage refinance your Florida home are as follows:

Cash-Out Refinance up to 95% for existing or new FHA mortgages.

Cash-Out up to 95% of your properties value. Consolidate first and second mortgages into single loan. Bill consolidation programs. Easier credit and income qualifications. FHA regulated closing costs.

Rate and Term Mortgage Refinancing up to 97% of your homes value.

Consolidate first and second mortgages into a single loan. No FICO score or credit score requirements Competitive rates for borrowers with a Bankruptcy older than two years. Competitive rates for borrowers with a Foreclosure older than three years. Easier credit and income qualifications. FHA regulated closing costs.

FHA Streamline Refinance for existing FHA loans only.

No Cost Interest Rate Reductions programs. No Income or Credit Qualifications. Zero cost refinance options available. Easily switch amortization for adjustable to fixed or vice versa. Easily shorten or lengthen term of your existing loan. Easier credit and income qualifications.

FHA Secure Refinance with current mortgage lates.

Refinance your mortgage at competitive rates even if you have a mortgage late on your credit that is directly due to adjusting mortgage. Qualify for refinance even if currently in foreclosure. Complete details of FHA Secure loan.

APPLY NOW AT  http://www.fhamortgagefhaloan.com/

Our FHA Home Refinance Loan Benefits:

Cash Out Refinancing: Tap your Florida home’s equity with Cash Out refinancing up to 85% of your home’s value. Lower Rate Refinancing: Lower your monthly mortgage payment by reducing the interest rate on your current Florida home loan. Current Florida Home owners with current FHA loans in good standing may further qualify for an FHA streamline refinance. FHASecure is a refinancing option that gives Florida homeowners with non-FHA adjustable rate mortgages (ARMs), current or delinquent and regardless of reset status, the ability to refinance into a FHA-insured mortgage. With FHASecure, you will not automatically be disqualified because you are delinquent on your Florida home loan, and you may be offered a second Florida mortgage to make up the difference between the value of your Florida home and what you owe.

FHA refinancing is only available to Florida homeowners who are currently using their Florida home as their principal Florida home. FHA mortgage  refinancing is available for Florida homeowners of single-family, multi-family homes, with verifiable income and who are able to make their Florida mortgage payment. Cash out is not available under FHA Secure.

FHA home loan Florida, FHA mortgage Florida,

FHA home loan Florida, FHA mortgage Florida, Florida FHA Loans have many advantages over other financing programs including:

 Minimal Down Payment and Closing Costs.

•·  Down payment less than 3% of Sales Price

•·  100% Financing options available

•·  No reserves or required.

•·  FHA regulated closing costs.

•·  Seller can credit up to 6% of sales price towards buyers costs.

Easier Credit Qualifying Guidelines such as:

•·  No minimum FICO score or credit score requirements.

•·  FHA will allow a home purchase 2 years after a Bankruptcy.

•·  FHA will allow a home purchase 3 years after a Foreclosure. 

Easier Debt Ratio & Job Requirement Guidelines such as:

•·  Higher Debt Ratio’s than other home loan programs.

•·  Less than two years on the job is allowed.

•·  Self-Employed individuals o.k.

Apply for an FHA loan at www.FHAmortgageFHALoan.com

FHA Home Loans for Purchasing a Florida Home

Although Florida FHA home loans require additional paperwork, the reality is that applying for an FHA mortgage loan in Florida is not much different from applying for conventional financing. In fact, for many borrowers the small amount of extra time turns out to be an exceptional mortgage bargain because they save thousands of dollars over the life of their Florida Mortgage.

At 1st Continental Mortgage, we have been working with the FHA program for many years. We’re experts at assembling the proper paperwork and presenting your loan application to FHA approved lenders diligently and professionally. It’s one of the ways that we have earned our reputation for closing FHA home loans in Florida on-time.

You may be surprised at how flexible sellers are in the current market and how many programs there are that provide Downpayment assistance to applicants for FHA financing to purchase Florida homes, condos, and townhouses. The fact is, seller can pay up to 6% towards your closing costs. This means, no closing costs for you when negotiated during the purchase contract!

The FHA program offers excellent fixed rate options and never a prepayment penalty. If other mortgage lenders are quoting you subprime rates, you owe it to yourself to make the call to 1st Continental Mortgage to compare the costs of getting an FHA home loan for your home purchase. Call 1-800-570-0448 to speak with an FHA mortgage expert before accepting any conventional mortgage quote as the best you can do!

For first time home buyers and other borrowers, the FHA home loans can have key advantages:

Easy Qualification – The FHA loan insures lenders against loss for loans made to properly qualified FHA home loan borrowers. So you’re likely to find FHA mortgage loans with terms that make it easier for you to qualify.

Minimal Downpayment Requirements – FHA mortgages can work with as little as 3% down and those funds can come from a family member, charity, or your employer. Although the FHA loan does not have a zero down mortgage option yet, you will find that your 1st Continental Mortgage loan officer can point you to many Downpayment assistance programs that work well with Florida FHA home loans.

Less than A-1 Credit is Okay – The Florida FHA home loan program exists to expand the pool of home buyers. Even borrowers with prior bankruptcies or mortgage lates get approved every day for FHA mortgages to buy or Refinance homes in Hillsborough County or any of the other Florida counties we serve. The FHA loan program uses credit quality, not credit score!

Lower Cost Over the Life of the Loan – The Florida FHA home loan rates are extraordinarily competitive. FHA’s lower risk to the lender means a better rate for the borrower.

Safeguards for Borrowers Who Get Behind – The Florida FHA loan mortgages also allow the lender more options in helping borrowers who fall behind keep their homes are get current again: special forbearance, workouts, even free mortgage counseling. Further, HUD can allow the lender to take past due payments and move them to the end of the loan and in some instance will actually pay your past due payments for you. Options to save your home you’ll never get from a conventional loan! In an uncertain world, this is another excellent reason for you to get an FHA mortgage.

Options for Manufactured Housing – Under certain conditions, you can even finance a Mobile Home or manufactured home using a Florida FHA mortgage loan. Call 1-800-570-0448 to get pre-approved for a Florida FHA loan for manufactured housing or just use our quick application to learn more!

FHA Loans Are Fully Assumable – When you are ready to sell your home, you can offer buyers FHA financing! All FHA loans can be assumed by qualified buyers.

These are just seven of the many good reasons to apply for an FHA mortgage. Call 1-800-570-0448 to speak with a friendly Florida FHA loan specialist now!

The FHA program has evolved since it started in 1934 and now has options for HUD insured loans that fit a variety of different borrowers and situations.

Serving These Fine Florida Communities:

Arcadia :: Boca Raton :: Boynton Beach :: Bradenton :: Brandon :: Cape Coral :: Clearwater :: Clewiston
Crestview :: Daytona Beach :: Deerfield Beach :: Deland :: Delray Beach :: Deltona :: Destin :: Englewood
Fort Pierce :: Ft. Lauderdale :: Ft. Myers :: Ft. Walton Beach :: Gainesville :: Hollywood :: Homosassa Springs
Jacksonville :: Key West :: Kissimmee :: Lake City :: Lakeland :: Lynn Haven :: Marathon :: Marco Island
Melbourne :: Miami :: Miami Beach :: North Fort Myers :: North Miami Beach :: Naples :: Ocala :: Okeechobee
Orlando :: Ormond Beach :: Osprey :: Palatka :: Palm Bay :: Palm Beach :: Palm Coast :: Panama City :: Pensacola
Pompano Beach :: Port St. Lucie :: Punta Gorda :: Santa Rosa :: Sarasota :: Sebastian :: Sebring :: Springhill
St. Augustine :: St. Petersburg :: Tallahassee :: Tampa :: The Villages :: Titusville :: Venice :: Vero Beach
Wauchula :: Wesley Chapel :: West Palm Beach :: Winter Park

Serving These Fine Florida Counties:

Alachua :: Baker :: Bay :: Bradford :: Brevard :: Broward :: Calhoun :: Charlotte :: Citrus :: Clay :: Collier
Columbia :: Dade :: DeSoto :: Dixie :: Duval :: Escambia :: Flagler :: Franklin :: Gadsden :: Gilchrist :: Glades
Gulf :: Hamilton :: Hardee :: Hendry :: Hernando :: Highlands :: Hillsborough :: Holmes :: Indian River :: Jackson
Jefferson :: Lafayette :: Lake :: Lee :: Leon :: Levy :: Liberty :: Madison :: Manatee :: Marion :: Martin :: Miami-Dade
Monroe :: Nassau :: Okaloosa :: Okeechobee :: Orange :: Osceola :: Palm Beach :: Pasco :: Pinellas :: Polk
Putnam :: Saint Johns :: Saint Lucie :: Santa Rosa :: Sarasota :: Seminole :: Sumter :: Suwannee :: Taylor :: Union
Volusia :: Wakulla :: Walton :: Washington

FHA mortgage Florida, FHA loan Florida, No Credit No Probelm

Florida FHA Mortgage Lender

Providing FHA Mortgage loans in Florida

with High or Low FIco Scores

To endure and be the most successful Florida FHA mortgage lender, we have learned to adapt to a Florida real estate market that changes quickly.  One reason http://fhamortgagefhaloan.com/ still here after 15  years, when so many other Florida FHA mortgage businesses around the state of Florida have closed their doors.
We really do take a long-term approach to Florida FHA mortgage lending.

About five years ago, adjustable rate mortgages with five year fixed periods were the rage with most Florida FHA Mortgage lenders.

However, not with our team.

Why take an ARM when Florida FHA mortgage interest rates were near historic lows?

As an FHA mortgage lender in Florida, over the last ten years we’ve earned a reputation for listening to our clients and for recommending the FHA mortgage solution that is best for their long-term home ownership goals. As a result, we receive a large number of new Florida FHA mortgage loan business by referral from past clients and our Florida real estate agents.

If you are fortunate enough to be looking to buy a home with an FHA mortgage or FHA mortgage Refinance an existing one in the current market, we’ll be glad to offer you sound advice and friendly service. Service and advice you deserve from a Florida FHA mortgage lender that’s been around for a decade and will be around for the long haul. Call 1-800-570-0448 or use our FHA mortgage application for a no-pressure and no-obligation quote on your Florida mortgage or refinance.

We are a Resourceful Florida FHA Mortgage Lender with excellent Conventional and FHA Mortgages for First Time Home buyers

Although many Florida FHA mortgage lenders are tightening credit standards and demanding higher FICO scores and more money down, we still have excellent conventional home loan programs with no money down for 1st time home buyers. In the current Florida real estate market, selling Realtors® are often eager to offer 3.5% and even 6% toward closing costs to coax an offer from our FHA approved Home Buyers in Sarasota and other cities throughout Florida.

Don’t let lack of a downpayment keep you on the sidelines in a prime Florida FHA real estate market that offers some of the best buying opportunities in years. Call 1-800-570-0448 to discuss your first time home buyer mortgage options with a representative from the premier mortgage lender in Florida. You can even use our quick application for a no-hassle consultation. Even if you’re not a first time home buyer, we have excellent fixed rate home loans with terms from 10 to 50 years.

Florida home buyer the FHA mortgage loan program can simplify the purchase of a Florida home, making financing easier and less expensive than a conventional FLorida mortgage loan product. Some highlights of the Florida FHA loan program include:

Minimal Down Payment and Closing costs.

Down payment less than 3% of Sales Price Gifts are allowed Seller can credit up to 6% of sales price towards closing and prepaid costs. 100% Financing available No reserves required. FHA regulated closing costs.

Easier Credit Qualifying Guidelines such as:

  No minimum FICO score or credit score requirements. FHA will allow a home purchase 1 year after a Bankruptcy. FHA will allow a home purchase2 years after a Foreclosure.

To take advantage of the FHA program in Florida, visit http://fhamortgagefhaloan.com/ 

 give us a call 1-800-570-0448

The Mortgage Lender in Florida Excellent FHA mortgage Refinance Options For Florida Homeowners

As a Florida FHA mortgage lender, we know well how quickly the world can change. Sometimes you outgrow your FHA mortgage before you’ve outgrown the home that you financed.

Whether you need to make the move from a dangerous adjustable rate mortgage to a low Florida fixed rate mortgage or just want to do a refi to pull some cash out, chances are good we can help. We will be happy to review your present Florida mortgage financing to ensure you’re getting the right solution and that you do not have any prepayment penalties. For some Florida mortgage applicants, a Second Mortgage or home equity line of credit is a better way to create a financing solution. To discuss your situation with an outstanding Florida mortgage lender who actually is in Florida, call 1-800-570-0448

If you have a Florida Bad Credit mortgage home loan, have been paying on time, and are ready for a low interest rate alternative, don’t wait until your change date and attempt to pay your higher payment. Call us today at 1-800-570-0448 to see if we can move you to a fixed rate  FHA mortgage and give you a stable long-term financing solution. We did it for a bad credit mortgage client in Duval County! Don’t get stranded in a bad credit mortgage with accelerating payments! A Florida refi to a stable low rate loan solution today is far better than needing a hard money Florida Foreclosure bailout tomorrow.

A Florida FHA Mortgage Lender Motivated to Lend FHA Mobile Homes, FHA Modular Homes and FHA Manufactured Homes

Try finding an FHA Mobile Home or modular home loan at your local bank and you’ll quickly learn about one of the lasting prejudices in the world of mortgage lending. Many banks don’t offer mortgages for mobile homes with land, modular homes, or double wide trailers on rural acreage. They’re much more comfortable lending on traditional “Brick” built block homes in subdivisions. It’s a sentiment we’ve heard from all across the state: Duval County, Seminole County, and Dade County!

We’re an FHA  mortgage lender business that welcomes and understands that a manufactured homes can offer superior quality at an affordable price in a high cost Florida housing market. We offer both Florida FHA mortgage loans and conventional financing for purchasing or refinancing mobile homes on lots, modular homes, and double wide Florida trailer homes on land.

For a free no obligation quote on a manufactured home mortgage, call 1-800-570-0448 or use our quick application. You’ll know you have found the right Florida mortgage lender for your manufactured housing loan!

Florida Refinance with FHA mortgage, Florida FHA mortgage Refinance,

Florida FHA Mortgage Refinance, FLorida FHA loan Refinance

Some advantages of using a FHA mortgage for your Florida  mortgage refinance are as follows:

Cash-Out Refinance up to 95% for existing or new FHA mortgages.

Cash-Out up to 95% of your properties value. Consolidate first and second mortgages into single loan. Bill consolidation programs. Easier credit and income qualifications. FHA regulated closing costs.

Rate and Term Mortgage Refinancing up to 97% of your homes value.

Consolidate first and second mortgages into a single loan. No FICO score or credit score requirements Competitive rates for borrowers with a Bankruptcy older than two years. Competitive rates for borrowers with a Foreclosure older than three years. Easier credit and income qualifications. FHA regulated closing costs.

FHA Streamline Refinance for existing FHA loans only.

No Cost Interest Rate Reductions programs. No Income or Credit Qualifications. Zero cost refinance options available. Easily switch amortization for adjustable to fixed or vice versa. Easily shorten or lengthen term of your existing loan. Easier credit and income qualifications.

FHA Secure Refinance with current mortgage lates.

Refinance your mortgage at competitive rates even if you have a mortgage late on your credit that is directly due to adjusting mortgage. Qualify for refinance even if currently in foreclosure. Complete details of FHA Secure loan.

 Apply NOW at

http://www.fhamortgagefhaloan.com/ 

Florida FHA Mortgage Refinance

As a Florida homeowner, eventually, you’ll consider refinancing your Florida mortgage. Before you decide to refinance, you should confer with an experienced Florida  Mortgage Lender. Our licensed mortgage pros work hard to stay current on the best refinance mortgage programs. Our training objectives are to help each of our clients achieve the best combination of interest rate, mortgage terms, and low home loan closing fees for a Florida refinance. Call today at 1-800-570-0448 or use our quick application to learn more!

For over a decade, 1st Continental Mortgage has been the Florida mortgage lender of choice in Florida because we deliver excellent Florida mortgage rates and superb white glove mortgage service to Florida homeowners. 1st Continental Mortgage loan officers are well equipped to make refinancing your Florida Mortgage a smooth and pleasant transaction from application to closing.

After conferring with one of our loan officers, you may find that refinancing your existing mortgage loan isn’t the most suitable way to meet your financial goals. In finance, there are often many ways to achieve a goal, and a conversation with a Florida mortgage expert can save you time in locating the homeowner loan that is going to work the best for your unique set of circumstances.

Why not call one of our friendly experienced loan officers today for a free review your financial situation and objectives. We’re confident that when you complete your phone interview, you’ll be certain you are applying for the best Florida refinance homeowner loan. A loan that will serve your long-term interests and not just the interest of the Florida mortgage originator you’re working with. Call 1-800-570-0448 today or use our quick application for a free, no-obligation consultation.

For most of our clients, getting a Florida refinance on their Florida Mortgage is the most important single financial transaction they will ever undertake. It’s actually more important than when you first decided to purchase your Florida home! It’s not something that most people do every day. In fact, some homeowners may only refinance two or three times in a lifetime.

Nevertheless, differences among Florida mortgage programs for refinancing that appear small can make a huge difference over the life of a typical Florida mortgage. The hard truth is, refinancing your home into the wrong loan can cost you tens of thousands of dollars or even put you at risk of losing your Florida home to foreclosure.

At 1st Continental Mortgage, we’ll listen carefully to your objectives for the refinance loan, ask the right questions, and use our experience to match you with the best program and lender from among the hundreds of Florida debt consolidation refinance programs we offer.

At 1st Continental Mortgage, we’re experts at identifying the small differences in competing refinance mortgage loan programs that can save our clients big dollars. We’ll be glad to share what we know to help you create the best refinance scenario for your situation. Call 1-800-570-0448 or use our secure online quick application to see how simple it is to refinance a mortgage in Collier County or any of the other Florida counties we serve.

Whether you are motivated to refinance your Florida home by a desire to lower your interest rate, lower your monthly payment, change your terms, or remove a former spouse from a mortgage, we will be happy to help. Over the last decade, we have heard our share of excellent reasons for making changes to an existing Florida mortgage.  We have excellent Florida refi solutions for all kinds of homeowners from interest only refinances for a newly single professional; to refinancing a Mobile Home on land with a low fixed rate FHA mortgage in Wesley Chapel, Florida; to helping a young family avoid the shock of dramatically higher mortgage payments from an ARM.

Florida Debt Consolidation Refinance

Cash Out Refi in Florida

For some Florida clients, the need to refinance is driven by debt consolidation. It’s not uncommon today for borrowers to feel that their credit card debt or other installment debt has taken on a life of its own. We know how to help you get the most for your hard-earned home equity when it comes to doing a cash out refinance for debt consolidation. Refinancing for debt consolidation can help free up hundreds of dollars a month and in some cases, the mortgage interest may be tax deductible. If you have home equity and need a fresh start, call 1-800-570-0448 or use our quick application. We think you’ll be glad you did!

We don’t recommend refinancing a first mortgage to every client as a vehicle to consolidate debt or get cash out. Sometimes a prepayment penalty on the first mortgage makes a Second Mortgage or home equity line of credit a better way to access home equity. In other cases, the first mortgage may have a desirable characteristic, such as a below market interest rate, that makes refinancing simply not worthwhile. We’ll be happy to help you generate a range of refinance program options and to choose the best from among them.

Why not call us today at 1-800-570-0448 or fill out our quick application to get a fast quote on refinancing your Florida mortgage!

Here are just a few of the reasons our past clients have expressed for refinancing their Florida homes:

Lower the interest rate on your present fixed rate mortgage; Convert a high risk Florida ARM to a stable 30 year fixed rate mortgage; Refinance out of a fully indexed Adjustable Rate Mortgage into a FHA fixed rate loan; Consolidate all your high interest credit card debts into a single monthly mortgage payment Refinance to pull cash out for hospital bills, college tuition, or to finance a wedding, honeymoon or exotic vacation; Escape a Florida bad credit mortgage program into a more permanent mortgage; Improve your cash flow with a refinance to an Interest Only mortgage.

With more than 100 lender programs to draw upon, 1st Continental Mortgage loan officers have been delivering the right homeowner refinancing loans for over a decade to thousands of Floridians. Here is a partial list of the mortgage programs that we can help you with:

Fixed rate mortgage refinance with 10 year, 15 year, 20 year, 30 year and 40 year fixed rate terms; Interest only mortgage refi options; Debt consolidation refinance programs; Florida Jumbo mortgage and Super Jumbo mortgage refinancing programs; Bad Credit mortgage programs; Second mortgage, home equity loans, and home equity lines of credit options; Specialty mortgage products such as no income verification, no ratio, SISA and no doc mortgage programs.

The mortgage professionals of 1st Continental Mortgage are waiting to hear from you right now about your next Florida homeowner refinance opportunity. Just give them a ring at 1-800-570-0448 or apply securely online using our quick application. With so many excellent refinancing options for Florida homeowners, we’re certain to have a Florida refinancing mortgage program designed for you!

Scrounge The Market For The Safest Florida Refinance

So you’ve made up your mind that you want a Florida refinance. You want to play it safe, though. Good thinking. After all, your home is by far your most valuable asset. More so, you like it in sunny Florida. The last thing you want is to be kicked out of your home because of some Florida refinance gone berserk.

So what may be the safest Florida refinance available? You can choose among the following: open refinance mortgage loan, short term refinance mortgage loan, and fixed rate refinance mortgage loan.

Open Refinance Mortgage Loan

One of the safest Florida refinance loans you’ll find is the open refinance mortgage loan. So how is it safe? It’s safe because it’s ‘open’ for repayment anytime you wish if, for example, things go well with your finances and you suddenly have a lot of extra cash to spare. Of course, you’d want to settle your mortgage loan so you’ll have the load off your shoulders.

With an open mortgage loan, you can do just that. Or you can pay out your refinance mortgage loan anytime and you don’t have to pay fees for that. The opposite applies if you are dealing with a closed refinance mortgage loan, wherein the lender charges you for paying early.

Short-term Refinance Mortgage Loan

Another Florida refinance you’ll find inviting is the short-term refinance mortgage loan. This is yet another safe refinance loan. You see, dealing with its opposite – the long-term refinance mortgage loan – means you’ll have to get stuck with the same deal for 6-10 years. Some deals even go as long as 30 years. With a short-term refinance mortgage loan, you only have to stick with the deal for 1-5 years. You can’t get safer than that.

Since you are freed from the deal sooner than later, you get to revamp your finances in no time. This way, it will be easier for you to put your financial affairs in perspective.

Fixed Rate Refinance Mortgage Loan

If a short-term refinance mortgage loan is still not safe enough for you, then you must check out yet another safe option. It’s the fixed rate refinance mortgage loan. With this type of Florida refinance, you only have to deal with an unchanging interest rate. This means that you are practically shielding yourself from the unpredictability and inconsistencies of the ever changing mortgage market.

Risks are Inevitable (Don’t let them get you down, though.)

Stop fooling yourself, though. Like everything else in life, you do deal with risks when getting into a refinance loan. Still, this should not stop you from going for it. After all, the deal does come with benefits that you’ll find nowhere else. What’s really important is that you find reliable lenders who sincerely hope to give you the most agreeable terms. Also, you should be aware of the things that you must avoid to keep yourself from getting into pitfalls. Go on ahead and scrounge the market for the beast deal you’ll find in Florida.