The Mortgage Firm - "Amy Needs Help"

Hey everyone, please enjoy our new video, "Amy Needs Help"!

First Time Home Buyers

Purchasing a a first home can be very exciting and also very nerve racking. The excitement may take over and you may find yourself doing things a little out of order. Most people think they should find the home they want then start the mortgage process. Those people would be wrong. 

When I speak with first time home buyers I like to know that I was the first stop on their journey to home ownership. When I speak with first time buyers I can make it clear exactly what they are going to be able to afford and give a very good estimation of what a monthly payment will be. This protects the buyer from the disappointment of house hunting outside of their price range. 

When I have buyers into my office I want to make sure they are getting the entire picture so I request these documents:

·        Most recent two years (2010 & 2011) federal tax returns and W2’s or 1099’s

·        Most recent pay stubs if salaried

·        All pages of your most recent two months bank statements or quarterly statements for investment or retirement accounts, if there are any large and unusual deposits be ready to explain where they came from

The process of getting a mortgage can be very challenging and frustrating without the proper guidance from a professional.

Thinking Of Buying A Foreclosure In South Florida?

South Florida leads the nation is distressed home mortgages.  In Palm Beach, Broward and Miami-Dade Counties 25% of mortgages are at least 90 days overdue or in foreclosure, this information according to data released May 9^th from Foreclosure-Response.org.

Because of this glut of foreclosed homes, some analysts’ worry that banked owned homes could flood the market, and drive the prices of homes down even further.  But many others expect values to remain stable because willing buyers are enticed by low prices and historically low rates.

So if you are in the market to buy a new home, the timing could not be better. Low rates, buyers market, and an expert to guide you with all of your mortgage needs.

I have been in the mortgage business for nearly 30 years and have seen everything that the mortgage market can deliver.