When you decide to buy a home or refinance a mortgage in South Florida, your search for a home loan should start and end here. While there so many lenders to choose from in the greater Miami area, and nationally, you need to choose one you can trust to find the mortgage loan that's best for you. Sure, there are dozens of big bank mortgage lenders nationally, but you need a local lender in Miami.
Why? We know South Florida and the surrounding areas of Miami-Dade, Broward, Palm Beach, Collier, and Monroe counties. We know the local REALTORS, appraisers, inspectors, and so much more. We also have state-of-the-art technology that makes the loan process as easy and fast as possible, all while delivering personal customer service that can't be beat.
Why? We know South Florida and the surrounding areas of Miami-Dade, Broward, Palm Beach, Collier, and Monroe counties. We know the local REALTORS, appraisers, inspectors, and so much more. We also have state-of-the-art technology that makes the loan process as easy and fast as possible, all while delivering personal customer service that can't be beat.
Services
Loan Programs
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There aren't quite as many loan programs as there are borrowers, but it seems like it sometimes! We'll work with you to qualify you for the best loan program to fit your needs. But there are some general considerations you can have in mind in advance. Then your best option might be a low fixed-rate loan.
Home Equity Lines Of Credit
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If you need to borrow money to pay off debts or make a major purchase, a home equity line of credit (HELOC) can be useful. A HELOC is a form of revolving credit secured by the equity in your home. This is an open ended loan that can be paid down or charged up for the term of the loan, much like a credit card.
Reverse Mortgages
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Reverse mortgages (also called home equity conversion loans) enable homeowners to tap into their equity without selling their home. The lender pays you money based on the equity you've accrued in your home; you receive a lump sum, a monthly payment or a line of credit. Repayment is not necessary until the borrower sells the property, moves into a retirement community or passes away.
Second Mortgages
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Taking out a second mortgage on your home used to carry some stigma with it - a sign that you were in financial trouble. But today, the ability to borrow money against your property is considered one of the biggest advantages of owning a home. A second mortgage is essentially a loan secured by your home or another piece of property with a first mortgage.
Time To Refinance
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Ever heard the old rule of thumb, you should only refinance if your new interest rate is at least two points lower? That may have been true years ago, but with refinancing dropping in cost over the last few years, it's never the wrong time to think about a new loan! Refinancing has a number of benefits that often make it worth the up-front expenditure many times over.
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