I'll beat any bank in town. It's all about low rates.

What are mortgage rates today? They still suck. But not as bad as the national average that the news references to. Today, 30 year fixed mortgage rate, based on a $500,000.00 purchase price for a home buyer with 740 plus credit score, putting 20% down-payment is 6.00%/6.026 APR on a 30 year fixed mortgage. That’s correct they are not in the high 6s or 7s for well qualified borrowers when you use a low priced mortgage broker Mortgage Expert, Inc. NMLS 2412313. There are plenty of good mortgage brokers in your area so don’t hesitate to get a mortgage rates quote from me (Shahram Sondi | NMLS 186790) or any low priced mortgage broker in Florida.

Biggest mistake First-Time Homebuyers make is thinking FHA loans are primarily the GO-TO loans for purchasing their first home.
This is totally wrong because FHA loans are mainly for borrowers with bad credit, slightly damaged credit or high deb-to-income ratios. Your always want to first try and qualify for conventional loans since they offer first-time homebuyers with lower down-payment and closing cost option than FHA loans.
For instance, Fannie Mae Homeready only requires 3% down for qualified borrowers with good credit compared to FHA loans that require 3.5% down. Obviously with both scenario loan types, you will have to meet both their requirements for credit and income, but on conventional loans you will not have to deal with the extremely high upfront PMI charge that is added to the loan amount and the monthly PMI (Mortgage Insurance) that never ends.

#fhaloan #fhahomeloans #fhaloanflorida #mortgagebroker #floridamortgage

Why work with me and why I have some of the best mortgage rates in Florida?

Well, because believe or not I actually give a s**t about my clients. Yes, I have no filter and run a small mortgage brokerage in Florida. You don’t have to like me, but I can assure you that you are going to love my mortgage rates.
My main goal is to make money. Of course, isn’t that the main reason everyone gets up in the morning to go to work? I make money by helping homebuyers and homeowners just like you to get a great deal on a mortgage. Whether you are looking to buy a home or refinance your mortgage, I can help.
My business model is simple, price myself lower than at least 99% of the market so I can offer some of the lowest mortgage rates in Florida. I charge no application fees and no upfront broker fees. I get paid a fixed compensation on the backend of the loan from the lender or the bank that I broker your loan through. I get wholesale rates from mortgage lenders like "Rocket Mortgage" compared to you going to them directly and getting higher retail pricing.
So, I have my own selfish interest to get you the best deal, so you take it, and I get paid. Give me a few minutes of your time and I guarantee you won’t regret it. It’s all about the rates.

#mortgagerates #mortgagebroker #mortgageratestoday

Well, I don’t have a crystal ball but the housing market will not crash regardless of what the mortgage rates do because of the simple facts:
(1) we don’t have enough homes on the market for people to buy and;
(2) most existing homeowners are not selling their home because their current rate is so low. It is cheaper to own and stay in their existing home than to rent. The rental market is insane and landlords are raising rents like its going out of style. The average Americans homeowners' mortgage rate is in the 3s, so their current mortgage payment is lower than a comparable home for rent compared to 2008 when you could walk away from your home that had no equity and go and rent a comparable home for almost half the price;
(3) most homeowners have about 20% equity in their home due to the 80% max loan to value guidelines with regards to cash out refinancing, so unlike 2008, they have no incentive to walk away from their home are not upside down to consider doing a short sale or strategic default.

#housingmarket #housingmarket2023 #mortgagebroker #mortgagerates #floridamortgage

The basic qualification for a mortgage loan amount depends on your debt-to-income (DTI) ratio. It's crazy but you can qualify for as high as 54.9% of your gross income depending on your overall credit, income and loan type.
I personally think it's madness to get a mortgage with your DTI that high unless you are 100% certain that you have someone that lives with you that can assist with the payment. Just remember, you want to work to live and not the other way around.


#mortgagebroker #floridamortgage #mortgage #firsttimehomebuyer