3 Questions To Ask Your Mortgage Lender
Buying a home is a big investment as well as a complex and time-consuming transaction. Whether you’re brand new to home ownership or a seasoned purchaser, you need the support and advice of a local mortgage professional. Specifically, you need answers to these 3 questions: What kind of mortgage is best for me? Once your […]
2021 Loan Limit Increase
Searching for a home in today’s competitive market? We have good news for you! If you’ve been in search of a home in today’s competitive market, Ideal Lending, A Division of American Financial Network, Inc. has some good news for you. The Federal Housing Administration (FHA) announced the 2021 Nationwide Forward Mortgage Limits and the […]
Get Rid of Your Mortgage Insurance
Changes in the housing market could mean big savings for you! Lack of inventory and a spike in purchases has caused a rise in home values. This means that you may have enough equity in your home to eliminate costly mortgage insurance premiums by refinancing. Refinance to drop your mortgage insurance? With mortgage rates at […]
Down Payments: How Much Do You Really Need?
This is one of the very first questions most first time home buyers ask themselves, “How much do I need for a down payment?” Saving up for a down payment can be one of the biggest hurdles for buyers to overcome but there is still that prevailing myth that you need a 20 percent down […]
Understanding the Mortgage Credit Certificate Program
The Mortgage Credit Certificate Programs which are also known as MCC, allows homebuyers to claim a tax credit for a percentage of their paid mortgage interest each year. It is a dollar-for-dollar reduction against your federal tax liability. Who is Eligible: Homebuyers who have not owned a home within the past three years. You do […]
3 questions to ask your mortgage lender
Buying a home is a big investment as well as a complex and time-consuming transaction. Whether you’re brand new to homeownership or a seasoned purchaser, you need the support and advice of a local mortgage professional. Specifically, you need answers to these 3 questions: What kind of mortgage is best for me? Once your local […]
When is it smart to pay off your mortgage early?
Being mortgage-free sounds wonderful. But as with most financial choices, there are pros and cons. Before using an inheritance, a raise or savings to pay off your mortgage early, here are some things to consider: Immediate savings. Paying off your mortgage eliminates monthly payments and saves you thousands of dollars in interest. Peace of mind. […]
Making an Offer on a House? 11 Strategies to Win
So you’ve found your dream house and you’re ready to make an offer, but how do you make sure your offer stands out among all the others? How do you make your offer more appealing? Whether you’re dealing with a competitive housing market or a cautious seller, getting your offer accepted requires creativity, compromise, and […]
Three Reasons to Refinance Your Mortgage
Working in the West Palm Beach (Palm Beach County) mortgage industry for many years we have assisted and advised many clients looking to refinance their mortgage. All our clients had questions about refinancing. How does it work? Is this something that would actually benefit them? A professional, experienced mortgage loan officer like those at Ideal […]
When Can I Remove My Mortgage Insurance?
Did you know that when you have paid down your mortgage loan balance, or your property value has increased, you may be eligible to eliminate your monthly mortgage insurance? Step One: Know Your Rights – The Homeowners Protection Act mandates that a homeowner can request the elimination of mortgage insurance when the unpaid principal balance […]