Florida Mortgage Programs
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100% No Money Down Purchase
We offer many types of loas such as "no down payment" and "100% financing" mortgages with credit scores as
low as 580! Interest rates are dependent on a number of factors such as source and type of income, credit
scores, and other criteria. You are welcome to contact one of our Mortgage Specialists today to discuss
mortgage loan options that best fit your situation.
We offer many types of loas such as "no down payment" and "100% financing" mortgages with credit scores as
low as 580! Interest rates are dependent on a number of factors such as source and type of income, credit
scores, and other criteria. You are welcome to contact one of our Mortgage Specialists today to discuss
mortgage loan options that best fit your situation.
Fixed Rates vs Adjustable Rates
Fixed Rate Pros:
Your Mortgage payment and interest rate stay the same for the length of the loan.
Fixed Rate Cons:
You will pay a higher interest rate so the lender will commit to lending you the money for a fixed period of time.
Adjustable Rate Pros:
Your interest rate is lower which may allow you to qualify for a higher loan amount.
Your princinpal and interest payments are lower
If your loan has no prepayment penalty, you can refinance into a fixed rate loan at a later date.
Adjustable Rate Cons:
It is difficult to budge your bills because your mortgage can change from month to month
If you rate rises more than 1 or 2 percent, your adjustable rate may be higher than a fixed rate loan.
Fixed Rate Pros:
Your Mortgage payment and interest rate stay the same for the length of the loan.
Fixed Rate Cons:
You will pay a higher interest rate so the lender will commit to lending you the money for a fixed period of time.
Adjustable Rate Pros:
Your interest rate is lower which may allow you to qualify for a higher loan amount.
Your princinpal and interest payments are lower
If your loan has no prepayment penalty, you can refinance into a fixed rate loan at a later date.
Adjustable Rate Cons:
It is difficult to budge your bills because your mortgage can change from month to month
If you rate rises more than 1 or 2 percent, your adjustable rate may be higher than a fixed rate loan.
Interest Only Loans
Interest Only" loans are a great way to lower your mortgage payment while freeing up extra cash each month.
You choose the adjustment period of 6 months, 3, 5, 7 or 10 year to best suits your financial goals.
Interest Only" loans are a great way to lower your mortgage payment while freeing up extra cash each month.
You choose the adjustment period of 6 months, 3, 5, 7 or 10 year to best suits your financial goals.
Refinancing Your Current Loan
There are several reasons that homeowner's look into refinancing which include locking your current adjustable
rate into a fixed rate, lowering your interest rate, consolidating high interest credit card debt, performing home
improvements, and lowering your mortgage term just to name a few. We provide FREE No-Obligation quotes
so call one of our Mortgage Specialists today to see if there is a benefit to refinancing.
There are several reasons that homeowner's look into refinancing which include locking your current adjustable
rate into a fixed rate, lowering your interest rate, consolidating high interest credit card debt, performing home
improvements, and lowering your mortgage term just to name a few. We provide FREE No-Obligation quotes
so call one of our Mortgage Specialists today to see if there is a benefit to refinancing.