Category: Mortgage Tips

Florida mortgage tips from Florida’s top-rated mortgage broker, Florida Home Funding. Be an educated consumer and read our mortgage tips before you shop.

August 5, 2022

Top Mistake When Searching ‘Mortgage Rates Today’

#1 mistake when searching “Mortgage Rates Today” The #1 mistake consumers make with the widely-searched term “mortgage rates today” is not knowing how to read the fine print and the multiple factors associated with determining accurate mortgage rates. The most deceptive advertised mortgage rates are either missing clear and conspicuous disclosures of the terms or have […]

3 min read
Mortgage Rate Search Mistake
August 5, 2022

Are There Any Benefits To Using Mortgage Brokers?

Many people don’t know where to turn when they need a mortgage, whether for a home purchase or refinancing. The obvious choice is most likely to be your local bank, although this may not be the best choice. Mortgage lenders or banks can be limited in what types of mortgage products and programs they offer […]

4 min read
Cutout of home in tall grass
August 29, 2017

How Much Mortgage Do I Qualify For?

The #1 question first time home buyers ask is: How much mortgage do I qualify for? This is, by far, the wrong question to be asking.  They shouldn’t be basing their purchase price based on what mortgage they qualify for but instead, how much of a mortgage payment are they comfortable with paying every month. […]

4 min read
How much house can I Afford
September 5, 2015

No Closing Cost Mortgage Home Loans

What is a no closing cost mortgage? A no closing cost mortgage is simply an option that is typically offered by low-priced mortgage brokers when purchasing or refinancing a home.  It is not some special promotion and is available everyday for consumers that want to explore a no closing cost option.  Simply put, you get […]

2 min read
No closing cost home loans
November 5, 2013

What Qualifies One For A Mortgage?

While most people may think that everyone is at least eligible for a mortgage, this is not necessarily the case. Mortgages have eligibility guidelines, as well as, qualifying guidelines, both of which have different meanings. Many people may be eligible, but they may not qualify. Usually, documentation for proof of eligibility is always required at […]

1 min read
Tiny home atop calculator
November 5, 2013

Why Do Some Lenders Require Cash Reserves?

When it comes to mortgages, there are a lot of guidelines that must be followed, all of which must come together in order to receive an approval. For many borrowers, this information is new to them and can be overwhelming. For instance, most people know what a down payment is, but not many know about […]

2 min read
October 28, 2013

Secrets to Getting the Best HARP Program Rates for Your Underwater Mortgage

Stay away from vultures that try to rob you out of your savings. Learn some of the ins and outs of the mysterious mortgage lending world from Mortgage Expert, Inc. to help you get the best HARP Program rates. If you currently owe more on your mortgage than what your home is worth, chances are […]

6 min read
October 14, 2013

3 Reasons to Use a Mortgage Calculator

A mortgage calculator can be a great tool for helping someone figure out an estimate of their monthly mortgage payment. Even though it is not exact, it can give anyone an idea of whether they can afford a mortgage. Because the qualifying process is part of determining the interest rate, no one should totally rely […]

3 min read
August 26, 2013

HARP loan program Guideline update for Fannie Mae owned mortgages in Florida

Many Orlando Florida area home owners are frustrated by national and Florida mortgage companies over the HARP program. They are disappointed because they can’t refinance under President Obama’s Home Affordable Refinance Program.  If you currently owe more on your home mortgage than the value of your home then you need to read this.  Don’t get […]

4 min read
August 30, 2013

Mortgage Rates

Mortgage rates not only vary from mortgage lender to mortgage broker.  But they also vary depending on the state that you live in.  For instance, when searching on Google for lowest mortgage rates in Florida does not mean the same mortgage rate applies to a first time home buyer in California.   When searching for the […]

1 min read
August 30, 2013

Mortgage Calculator

A mortgage calculator can be found pretty much on any mortgage companies’ website.  Regardless of which mortgage calculator you use, you are going to get the same results.  Stay away from mortgage lenders that try to collect your personal information prior to displaying results for your mortgage calculator use.  If all you are trying to […]

1 min read
August 30, 2013

Interest Rates

Interest rates on mortgage loans are not set by the government and vary from mortgage lenders to mortgage broker based on loan amount, credit scores and amount of down-payment or equity.  Secondly, based on how much profit the mortgage company anticipates on making determines what interest rates are being offered to mortgage loan applicants such […]

2 min read
August 30, 2013


If you are just searching the term “loans” in Google, you are doing yourself an injustice because your search results will include everything from personal to mortgage loans.  Be sure to be a little more specific on what type of loan you are looking for.  If you are trying to get a mortgage loan you […]

1 min read
August 30, 2013

Bank Rate

When searching for the term “bank rate”, you may benefit from a more specific search term such as “best bank for mortgage rates” or “bank rate for mortgage loans”.  If you simply search the term “bank rate” in Google, you will be bombarded with ads and results ranging from commercial bank rate to auto loan […]

2 min read
July 26, 2013

Why choose a local mortgage broker over large lenders like Quicken Loans or banks?

For instance, there is no doubt that quicken loans is one of the biggest mortgage lenders in America.  True, they are probably the #1 online mortgage lender based on their recent pay per click ads on Google.  Commonly, this increases their cost of acquisition on loans originated and limits their ability to offer rates and […]

2 min read
July 25, 2013

What you need to know when shopping for a HARP Loan

Not every lender has the same HARP loan rates and qualifying requirements for homeowners in Florida.  Some lenders cap homeowners at 125% loan to value, while others have no loan to value restrictions.  In layman terms, some mortgage lenders care how upside down you are on your mortgage loan and some don’t.

2 min read
July 29, 2013

First Time Home Buyer Alert

Are you a first time home buyer?  Have you been on the fence on whether this is a good time to buy a home in Florida? You need to read this first time home buyer alert.  Mortgage rates have been on the rise for the last two months.  The mortgage rates have gone up almost […]

4 min read
June 20, 2013

Best way to shop for a mortgage

0 min read

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