Naples Mortgage / Poor credit program

Core Mortgage Financial poor credit mortgage program requires a middle credit score of 580.We do have lender restrictions to allowable negative credit history and unacceptable negative credit history. My lender understands that sometimes unwarranted or unknown derogatory trade lines can appear on applicants credit reports without their knowledge. Naples mortgage lender portfolio is solely designed for poor credit borrowers.

Below are the items that are Allowable Naples mortgage negative history:
1. Medical collections ( small dollar amounts owed)
2. Late payments past six months
3. Mortgage late within the past twelve months
4. BK or foreclosure discharged more than three years old
5. Short sale if the lender agreed to show the debt as paid in full

Naples Mortgage poor credit applicants need establish positive credit history on other existing accounts. This program is designed for borrowers that have been late a few times but overall have showed ability repay debts/liabilities.

The Naples mortgage lender also has guidelines that will cause a denial of the mortgage application.
1. Any type of Tax lien. ( IRS. State, county etc) need to be paid prior to closing
2. Large dollar amount collections over $1,000.
3. Recent collections or negative trade line within six months
4. Not having at least two open positive accounts for a twelve month history
5. NO payment history or reestablished credit history since the delinquency.

In order to obtain financing you will have to prove income and assets. The debt to income ratios are higher than traditional loans to due the lenders risk. Naples mortgage poor credit lender also requires three months of payments in the bank after down payment and closing costs. The lender wants to ensure you are not "stretched to thin" after closing. Reserves after closing demonstrates the ability to  make three mortgage payments after closing.

We can provide all types of loan programs for Naples mortgage poor credit clients. Government and Conventional financing is offered. Give Core Mortgage Financial a call today to discuss your current situation.

Core Mortgage Financial
239-514-2673
www.coremortgagefinancial.com

Helpful Terms Defined:

Mortgage:
Collectively, the security instrument, the note, the title evidence, and all other documents and papers that evidence the debt. A Mortgage is a loan secured by a lien on real estate held in fee simple or on an acceptable leasehold estate. A loan made for the purpose of purchasing, building or rehabilitating real property, and secured by that property. A pledge of real property as collateral for payment of debt. The term is also used to describe both the mortgage (security instrument) and the promissory note evidencing the debt, which includes the terms of the debt’s repayment.

Note:
The evidence of indebtedness for a mortgage loan. A note is the instrument evidencing the indebtedness secured by a security instrument that sets forth the amount the owner owes the lender and the manner in which the debt is to be satisfied. The note establishes the payment terms, conditions under which prepayments may be made, and the lenders rights in the event of default. A written agreement between the mortgagor and the mortgagee specifying the amount and terms of repayment for a loan.

Disclaimer:
NMLS #849597 NMLS #344608. All rates, programs, guidelines are subject to change without notice. Please call your mortgage advisor a personalized quote.

Naples Reverse Mortgage

Core Mortgage Financial has several Naples reverse lenders in our portfolio. Reverse mortgage for seniors is a viable option depending on the applicants financial situation. Senior reverse mortgages are designed to cash out of existing equity or to purchase a new home. Naples reverse mortgage borrowers never have to make a mortgage payment, but are required to pay their taxes and insurance separately.

Naples reverse mortgages are FHA insured and guarantee you will receive expected loan payments in a lump sum or a line of credit. If the borrower has any type of foreclosures or government debt this could be an issue in getting approved.

Naples reverse mortgage purchase money transactions can be very beneficial for certain borrowers. Under the current Naples reverse mortgage guidelines, lenders are not making decisions solely on income and credit.

Core Mortgage Financial believes in providing reverse mortgages to all seniors who qualify.
Please check out our website for more information on reverse mortgages.
Watch this short youtube VIDEO on Reverse mortgages.

Click Here for Naples reverse mortgage information !

Core Mortgage Financial
239-514-2673 office
www.coremortgagefinancial.com

Disclaimer:
This blog is informational purposes only. Rates, programs, guidelines are subject to change without notice. NMLS #849597 / NMLS #344608

Naples Condotel/ Non-Warrantable condo financing

Core Mortgage Financial recently released a condotel/non-warrantable condo financing program.
Naples Condo financing sometimes can be difficult to approve due to tight condo lender restrictions. A majority of Naples condo mortgages follow Fannie Mae and Freddie Mac guidelines in order to be sold to these government-sponsored entities ( GSE"s). An example of a non-warrantable condo would be as follows:
The Naples condo development has weekly rentals with a employee at the reception area. This would immediately eliminate standard condo financing and require condo hotel (condotel) lenders. Most warrantable condo's would have a property manager and would require annual rental whereas condotel would allow nightly or short seasonal rentals.

The first step in figuring out if a condo is approved for traditional financing through the GSE's is to approach the HOA. We recommend getting a condo questionnaire (condoQ)  filled out by the homeowners association or property manager.  Below is a sample of questions you might see on a condo Q:

1. How many units are investors owned VS owner occupied of second home?

2. What percentage are delinquent on their home owners assocation dues?

3. Does more than one person own 10% of the total project units?

5. Has the developer turned over the project to the HOA?

4. Do you have budget reserves in place?

Above are the standard questions that usually get Naples condo's not approved if they fall short of the Fannie Mae/Freddie Mac guidelines. Give Core Mortgage Financial as call about the answers to these questions above. Naples condo mortgage experts will assist you in determining the viablity of your financing options.

Condotel/non-warrantable financing you will have a higher interest rate due to the lenders risk level. Standard down payment is 30% with current loan products only having adjustable rate mortgages. ( 3/1, 5/1, 7/1 Arms) Naples Condo mortgage lenders currently do not have traditional long terms 30 or 15 year fixed programs. Please call us as things do change daily in the Naples condo mortgage arena.

Thanks for your time and good luck on your quest to find the right condo for purchase.

Core Mortgage Financial

239-514-2673

Disclaimer:

Company NMLS #849597 / personal NMLS #344608. Rates, programs, guidelines are subject to change without notice. This is not a commitment to lender or approval as this blog is for informational puroses only. Each applicant situation is different, please call for a customized loan proposal.

Naples Refinance HARP 2.0

Home Affordable Refinance Program will undergo some major changes this year. Late last year the administration announced changes that take effect in March 2012. Naples Refinance clients will be able to refinance their Naples home without any equity. Naples Refinance borrower that are currently"underwater" on their mortgages can refinance. The current program only allows 125% loan to value caps on existing mortgages. The original mortgage needs to be prior 5/31/2009 and currently owned by Fannie Mae or Freddie Mac.  An example of 125% loan to value (LTV) would be as follows: You currently owe $125,000 and your home appraises at $100,000.

You can check to see if your mortgage is owned by Fannie Mae or Freddie Mac by clicking on the highlighted portion of the text.

 Being able to refinance your Naples mortgage will have a drastic impact on keeping your home while reducing your monthly payment.  This will reduce foreclosures and defaults for homeowners.

The GSE ( Government Sponsored Entities) also known as Fannie Mae and Freddie Mac believe this program will cut down on delinquency rates. This program will let Naples refinance homeowners lower their monthly payments considerably while impacting our economy in a positive way.

Home Affordable Refinance Program ( HARP) is currently available for borrowers with restrictions. The limitations are so great that many cannot refinance their Naples homes due to not being qualified. Below are the major changes that will effect Naples Refinance market:

1. The ability be re-subordinate a current second mortgage or home equity line of credit.
2. Removal of the 125% cap making a refinance available for anyone that is "underwater" on their current mortgage.
3. Elimination of higher adjustments to the rate for higher loan to value ratios.

These new rules will make it possible to complete a successful Naples Refinance.

Naples HARP 2.0 has been extended until the end of 2013. The SWFLA market home equity was hit considerably over the past six years. HARP 2.0 should have an impact on certain borrowers.
Core Mortgage Financial has Naples Refinance HARP 2.0 loan originators that can assist you in determining if you qualify for this new product. The entire program will be rolled out in March 2012. We plan on releasing another informational blog on Naples Refinance HARP 2.0 next month. Please don't hesitate to contact us at 239-514-2673 with any questions!

Core Mortgage Financial
239-514-2673 office

Below are some helpful terms defined:

Loan to Value Ratio (LTV)

The relationship, expressed as a percentage, between the amount of the proposed loan and a property's appraised value. For example, a $75,000 loan on a property appraised at $100,000 is a 75% loan-to-value.

Mortgage:
Collectively, the security instrument, the note, the title evidence, and all other documents and papers that evidence the debt. A Mortgage is a loan secured by a lien on real estate held in fee simple or on an acceptable leasehold estate. A loan made for the purpose of purchasing, building or rehabilitating real property, and secured by that property. A pledge of real property as collateral for payment of debt. The term is also used to describe both the mortgage (security instrument) and the promissory note evidencing the debt, which includes the terms of the debt’s repayment.

Note:
The evidence of indebtedness for a mortgage loan. A note is the instrument evidencing the indebtedness secured by a security instrument that sets forth the amount the owner owes the lender and the manner in which the debt is to be satisfied. The note establishes the payment terms, conditions under which prepayments may be made, and the lenders rights in the event of default. A written agreement between the mortgagor and the mortgagee specifying the amount and terms of repayment for a loan.

NMLS #849597
NMLS #344608
Rates, Programs, Guidelines are subject to change without notice. This blog is for informational purposes only. Please contact your mortgage advisor for further details.

Self Employed Borrower 1YR Tax Return

Core Mortgage Financial has a new loan program that only requires one year tax return for self employed borrowers. The borrower must have at least two years self employment. Self employed borrowers can either be 1099 independent contractors or business owners.  If your personal return incurred write-offs and your adjusted gross income was drastically effected for 2010, that's OK !If  you do not expect write offs for 2011, we have a loan program for you. Now is a great time to take advantage of this unique loan program. Let us assist you with the debt vs income ratios.

Who is a self employed borrower?
A self employed borrower has at least 25% ownership in their business. If the borrower receives 1099  income from their employer, they are also eligible if they file a schedule C.
Core Mortgage Financial has licensed loan originators standing by to assist you now. Please call today so we can evaluate your current situation!

Thanks for reading our blog!

Core Management Team !
239-514-2673 office
855-554-2673 toll free

Mortgage:
Collectively, the security instrument, the note, the title evidence, and all other documents and papers that evidence the debt. A Mortgage is a loan secured by a lien on real estate held in fee simple or on an acceptable leasehold estate. A loan made for the purpose of purchasing, building or rehabilitating real property, and secured by that property. A pledge of real property as collateral for payment of debt. The term is also used to describe both the mortgage (security instrument) and the promissory note evidencing the debt, which includes the terms of the debt’s repayment.

Note:
The evidence of indebtedness for a mortgage loan. A note is the instrument evidencing the indebtedness secured by a security instrument that sets forth the amount the owner owes the lender and the manner in which the debt is to be satisfied. The note establishes the payment terms, conditions under which prepayments may be made, and the lenders rights in the event of default. A written agreement between the mortgagor and the mortgagee specifying the amount and terms of repayment for a loan.

Rates, Programs, guidelines are subject to change without notice. Consult your tax advisor for any tax related questions. 
Business NMLS #849597
Personal NMLS #344608

Florida VA Home Loan

Core Mortgage Financial is proud to serve all Veterans with VA mortgages. Florida VA Home Loans are not easy to complete. It takes a loan officer with VA experience to understand the complicated VA process and procedures. Florida VA Home Loan credit scores below 600 are readily available in our lender portfolio. If you have a credit score below 620, we need at least three open accounts for twelve month period, with no late payments. If you have a credit score above 620, we only need two open accounts for twelve months.

Veterans administration does not specifically have any credit score requirements. Recently, veterans have been raising the same concern to include borrowers passionate plead over the phone with me about this particular issue. The VA is known for having very liberal guideline requirements, but this does not necessarily mean you can get a loan. Please remember the VA only guarantees the mortgage and does not lend directly to the veteran, spouse or service or service member.  Florida VA Home Loan lenders have overlays to protect themselves from losses for defaults.

Most lenders for Florida VA Home loans have at least a 620 minimum credit score requirements. Their investors have developed a model showing a higher default rate for lower credit score for Florida VA Home Loan clients. We have a few niche lender that can possibly go all the way down to a  560 credit score as a manual underwrite. Please give Core Mortgage Financial a call to discuss your options with very low scores.

Florida VA home loan has eligibility requirements. These include the following:

90 days or more of active duty service during wartime

181 days or more of active duty service during peacetime

Service member was discharged for circumstances that were not dishonorable

You are currently active duty personnel and have 90-181 days

Widow of a Veteran who died during service or because of service-related injuries and have not remarried.

A veteran must have been honorably discharged and served a minimum of 90 days in war time periods or 180 days in peacetime. For National Guard members, the requirement is a minimum of 6 years service. Spouses of deceased veterans (with a service-related death) can qualify if they have not remarried.

 Lenders like to see two steady years of employment in the same industry. We can waive the two year rule getting a private sector job in the same line of work as you career in the Military. We also can use college schooling as years worked in the industry.  An example of this would be a nurse in school for two years but lets say only been working for six months, this is not a problem and can get a Florida VA Home Loan.

We hope this blog has been helpful for all you Veterans seeking Florida VA Home Loans!
We are here to serve you, please do not hesitate to contact me with any questions!

Call us toll free today at  855-554-2673 (CORE)
Core Mortgage Management Team
Company NMLS #849597



Helpful Terms Defined:
Mortgage:
Collectively, the security instrument, the note, the title evidence, and all other documents and papers that evidence the debt. A Mortgage is a loan secured by a lien on real estate held in fee simple or on an acceptable leasehold estate. A loan made for the purpose of purchasing, building or rehabilitating real property, and secured by that property. A pledge of real property as collateral for payment of debt. The term is also used to describe both the mortgage (security instrument) and the promissory note evidencing the debt, which includes the terms of the debt’s repayment.
Note:
The evidence of indebtedness for a mortgage loan. A note is the instrument evidencing the indebtedness secured by a security instrument that sets forth the amount the owner owes the lender and the manner in which the debt is to be satisfied. The note establishes the payment terms, conditions under which prepayments may be made, and the lenders rights in the event of default. A written agreement between the mortgagor and the mortgagee specifying the amount and terms of repayment for a loan.

203k Home Improvement Loan Part 1 of 2

203k Home Improvement Loan Part 1 of 2

VA Mortgage Debt to Income limits

Core Mortgage Financial does not have a limit on debt to income ratios. A majority of VA mortgage lenders have overlays that limit  the debt to income ratio. Here is an example as to how the DTI ( debt to income) traditionally works.

Borrower A gross income is $5,000 monthly. The next step will be to take the monthly minimum payments that show up on his credit report. IE: car loan payment, credit card minimums etc. Next we look at his current housing expense. We take the minimum payments + the current housing expense and the new proposed expense and add these numbers up.

Example: Borrower A has the following bills:

Car loan $300
Credit cards payment $175
Student loan $100
Living Rent Free
Proposed new payment with taxes and insurance $1,800
TOTAL $2,375

We take the VA debt obligation of $2,375 divided by the income of $5,000 = .475%. We move the decimal point to the right and our debt to income is 47.5%.  The borrower qualifies for a VA mortgage with this DTI ratio.
Most lenders are have a max DTI between 41%-50% .
Core Mortgage Financial does not have a VA DTI limit or credit score requirement. As long as the automated system shows the loan is approved/eligible we can close the loan.
The highest VA debt to income ratio I have completed is 67%. The borrower had excellent credit score and large cash reserves in the bank. In order to have a high VA debt to income you must have compensating factors like high credit score and reserves. The automated system looks at credit score/history, debt to income and cash reserves when making a decision.

I hope this clarifies the VA debt to income ratios ! Last week i received two calls with regards to VA debt to income ratios.

Thanks !

855-554-2673 (Toll Free)
VA Home Loan Experts

Mortgage:


Collectively, the security instrument, the note, the title evidence, and all other documents and papers that evidence the debt. A Mortgage is a loan secured by a lien on real estate held in fee simple or on an acceptable leasehold estate. A loan made for the purpose of purchasing, building or rehabilitating real property, and secured by that property. A pledge of real property as collateral for payment of debt. The term is also used to describe both the mortgage (security instrument) and the promissory note evidencing the debt, which includes the terms of the debt’s repayment.

FHA to increase Annual Mortgage Insurance

FHA is set to increase the annual mortgage insurance premium on all mortgages.
Effective 4/18/11 the premium chart will appear as below:

If a borrower is applying for a $163,000 loan, the increase would add $33 a month to the payment. The FHA letter came out on 2/14/2011with a detailed  description of the plan. This is bad news for borrowers seeking FHA financing. With rates on the rise and borrowers costs going up will only hurt the fragile real estate market. It will only be harder for borrowers seeking financing to qualify if costs go up this will effect debt to income ratios. I am suggesting to my clients to get your real estate contracts in and submit FHA loan applications ASAP. The real estate financing is getting tougher and tougher each day. I am still poised to inform my clients that we are still lending strong!

Call usl today to discuss your lending needs !

855-554-2673 TOLL FREE

Weekly Mortgage Update

I have seen rates consistently increase over the past three weeks. The 30 year fixed conforming rate has past 5% for the national average. This does not include loan origination fees that include 70bps for the 30 year fixed option. I expect rates to continue on the upward trend for now but will go up and down depending market factors. The government notice about the limiting of mortgage back securities and the desire to get rid of Fannie Mae and Freddie Mac is a big part of the increase. The new proposal that came out from the Treasury last week reveal a bias towards less government and more privatization of the mortgage industry.
This week has a ton of interesting mortgage related news. This week is retail sales that are expected to show positive signs of recovery, in turn will push mortgage rates on the upward trend.

In good news for rates that might keep things steady is inflation worries have been relatively low. If we have any more inflation worries, expect rates to increase 50 basis points overnight.

Good luck with your mortgage locks !

Call us today
855-554-2673 ( Toll Free)

Naples Mortgage Blog

Core Mortgage Financial is the leader in Naples Mortgage Blogger. We are proud to provide valid content for all users seeking up to date Naples Mortgage Blog informational content. We give daily, relivent mortgage advice and information. Core Mortgage Financial is thesuper highway for mortgage information in Florida mortgage loan origination. Take a step back and read our many Florida Blogs !
Its been a pleasure and guaranteed always a great experience !

Core Mortgage Financial

Top 10 reason why to consider an FHA Mortgage

Core Mortgage Financial list of top ten items to consider when choosing a loan product. Below are top 10 reasons why an FHA mortgage might be right for you!

1) First time home buyer: FHA loans are designed to first-time buyers. FHA/HUD specifically designed the program to provide financing alternatives to low to middle income families. The program was also designed to spur home
ownership.

 


2) Low Down payment: FHA requires just 3.5 percent down payment for 2011. The down payment funds can be gift funds from a relative, making it easier for someone with low cash reserves to purchase a home now rather than waiting to build up a savings account.

3) Credit Score Minimum: FHA Credit scores requirements not as high as other loan programs. Any credit derogatories must be cleared up or have a good explanation as to the reasons for the lates. Core Mortgage Financial lender portfolio allows credit down to a 560 middle score.

4) Employment: The borrower must have accumulated two years of continuous income in the same field of work. Full-time students now working in their field of study may be able to count school as part of the two-year requirement. All income must be reported on tax returns.  Some lenders recently have changed their guidelines to show that only 6 months of employment are needed to get Florida FHA mortgages.

 

4) NO income Limits: FHA mortgages do not have income restrictions. This is particular important for borrowers that have good income but just not 20% down payment to complete a traditional mortgage. FHA mortgage loan caters towards the low down-payment programs for those with low or median income.

5)Primary Residence Only: FHA loans are limited to owner-occupied properties and are available for one to four units. Three-to-four unit properties must be self sufficient.

6) Debt VS Income: FHA qualifying ratios for FHA loans are more relaxed than the typical conventional financing, allowing the borrower to purchase a little more house. Some lenders will allow someone to reach a 55% Debt to Income ratio. Compensating factors might be needed, like strong cash assets and excellent credit is an example.

7) Rehabilitation Loan: FHA also offers a Rehabilitation of Property Program. That dream home you’ve discovered may need some repairs and rehabilitation. This program allows the repair costs to be rolled into the loan.

8) FHA Refinance program: FHA borrowers can refinance without an appraisal. This program can assist borrowers who want to enjoy the current low mortgages rates but do not have the equity.  You can roll all of the closing costs into the loan and have ZERO out of pocket expenses. I expect the no appraisal program to be completely gone this year.

9) FHA Seller paid closing costs: The seller  can pay up to six percent of the purchase price towards to the buyers closing costs.  This allows the borrower not to come up with some much out of pockets expenses and just deal with the down payment funds only.

10) FHA vs conventional. FHA mortgage parameters are not as strict like a conventional loan.( Fannie/ Freddie) Conventional loans request large down payment and 740+ credit scores. If you do not fit "in the box" of a conventional loan, your rate will be higher. FHA mortgages  do not hold the same criteria measures as the conventional loan.

Hopefully the TOP 10 reasons why to consider an FHA mortgage has been beneficial for you ! Please do not hesitate to contact Core Mortgage Financial with any FHA mortgage questions. We have many different FHA products and portfolio options for you.

855-554-2673 ( Toll Free)
Core Mortgage Management Team
The Florida FHA Mortgage Experts !

Florida Reverse Mortgage

Core Mortgage Financial has Florida Reverse Mortgage available our portfolio. A reverse mortgage is designed for seniors over the age of 62yrs. The main purpose is to release the home equity without doing a standard cash out refinance.

A Florida reverse mortgage is different because you do not have the standard monthly mortgage payment. A Florida reverse mortgage is payable as one lump sum or you can receive multiple payments.  The obligation to make the payments is deferred until the homeowner dies.
Most Florida reverse mortgage lenders  put a lien 300% above the current value of the amount funded in the transaction to protect against any other secondary liens that the homeowner might request at a later time.
Age is a big factor in the lender underwriting decision making process. The older the homeowner the more favorable the underwriting stance will be in obtaining the loan.

The requirements/proceeds to complete a Florida reverse mortgage have a few factors that a lender will take into account:
1. An appraisal is required to ensure the value of the home before any loan amount can be established.
2. The age of the applicant
3. The interest rate is tied to two indexes. ( US treasury 1YR T-Bill / 1YR Libor or CMT Index. You can read on indexes here.
4. Loan product selected. The terms and fees are different depending on if you want to take a lump sum or establish a credit line.

A certificate of counseling for the Florida reverse mortgage is a standard requirement by FHA/HUD. Each homeowner is required to complete counsel to ensure then borrower has a clear understanding of the loan product. The counselors will discuss the legal and financial terms of a reverse mortgage.

A Florida reverse mortgage is very costly. The normal fees associated with this type of financing do exceed the standard threshold of a conventional mortgage.
Mortgage insurance is required which is usually 2% of the appraised value. the origination fee is capped at 2% of the first 200k loan and 1% thereafter. Standard Florida closing costs are required via title insurance, taxes, lender fees, survey etc. The reason its typically a higher fee loan is the closing costs are based upon the value of the home and not the loan amount. The lender basis this calculation to protect their interest in case the loan exceeds the full value during the lifetime of the loan.

Core Mortgage Financial has a reverse mortgage expert standing by today!
We will take the time to slowly walk you through the process. A Florida reverse mortgage is not for everyone. Each borrower has a different need and financial situation. We will go through a analysis and decide if a Florida reverse mortgage is best for you. Let us answer any questions you might have by picking up the phone today !
Hopefully  this Florida reverse mortgage blog has been beneficial to you !

Call us today and speak with a reverse specialits NOW at
855-554-CORE (2673)

Florida VA Certificate Of Eligibility

Core Mortgage Financial has the ability to electronically request the certificate of eligibility from the veterans administration. The old process was to mail in or fax the VA as form online and expect a response in 30-45 days. The online portal has streamlined the COE (cert of eligibility) tremendously in the past few years. Core Mortgage Financial has all the capable Florida VA mortgage  technology at our disposal. We get calls from Florida Vets all the time telling me;
My answer is really? Ok, Core Mortgage Financial, can pull your COE right now. LOL !!! It's amazing how often I laugh, that other lenders have VA and current armed forces active duty folks "jump through hoops" to get VA mortgages and loans. Rest assured, give me or one of my loan officers a call today, you will not be disappointed !!!!!

Core Mortgage Financial Management Team
855-554-2673 toll Free

Definition:
Certificate of Eligibility: The document issued by the Veteran’s Administration evidencing the amount of entitlement a veteran has for use in purchasing a home.

New law could hurt mortgage consumers

http://www.miamiherald.com/2011/02/11/2062654/new-government-housing-plan-could.html

Incorrect items on your credit report causing loan issues?

Core Mortgage Financial has a solution for incorrect items appearing on your credit report

Credit report rarely do not have incorrect information on them. It is very rare if a borrower after reviewing their credit reports does not find information that they are unware of the creditor. Normally the dispute process takes 60 to 90 days after you submit your letter and providing documentation to Experien, Transunion and Equifax. The bureuas have the idea of they will get to it when they can.

Core Mortgage Financial has a solution !!! We have access to the bureaus and can get items removed from your credit report in a little as 24 hours. If you have applied for a loan and have issues on your credit report that you cannot get fixed. Call me, I will get these removed quickly, so you can have piece of mind during the loan process.

855-554-2673

2/11/2011 mortgage rates

Florida mortgage rates are currently listed today as follows:

Conforming loans under 417k loan amount
700+ credit score
20% down payment

30 Year Fixed 4.875% APR 4.909%
15 year Fixed 4.25% APR 4.31%
5 year arm 3.5% APR 3.671%

For other programs call us today !!!!!


Rates, Programs, guidelines are subject to change without notice. This is not a commitment to lender or a loan approval. Please call to discuss your specific loan scenario.

Florida Assignment of Mortgage

Florida assignment of mortgage is a document that shows that a mortgage has been transferred from the original mortgage holder to a third party. This is an act of transferring ownership or liablity of the borrowers payment to another party. It is important to consider this act still holds the account holder liable to pay the account and is can be particularly not transparent to the holder.  Lender do sell mortgages to other lenders during the secondary market process. It is also possible for Florida assignment of mortgages to take place when the borrower transfers their mortgage to another person. The only catch is the new borrower normally has to qualify for a mortgage with the current mortgage holder. This is rare but possible in Florida Assignment of Mortgages.  Hopefully this information has been useful and good luck if you are planning on completing a Florida assignment of mortgaage

Mortgage Rates

Florida mortgage rates have been consistantly rising the past three weeks.
The main reason for the increase is the decline in the unemployment rate, consumer confidence and the unrest in Egypt. Investors have been pulling out of bonds and moving into more risky assets like stocks. This has caused mortgage rates to increase. I expect mortgage rates to fluctuate throughout the entire year of 2011. I have been advising clients to float their Florida mortgage rate today.
The past two weeks I have been encouraging my clients to lock their Florida mortgage rates. Good luck with you loans and I wish each and every borrower a great day !

Florida VA Home Loan Programs

Core Mortgage Financial has a very large VA loan program portfolio. We have the following Florida VA Mortgages:

* Florida VA Jumbo Mortgages
* VA Construction loans
* VA Manufactor housing
* VA poor credit mortgages down in the low 500's credit score
* Standard VA no money down purchases
* Florida VA Refinances


We take pride in working hard to get our military and veterans into Florida VA Home Loans. If you need a mortgage, we are the company to call. Core Mortgage Financial has a VA home loan experts standing by all the time.

Give us a call today !!! 855-554-2673 !