Mortgage Types
Simplified explanations of common mortgages and loans
- Conforming Loans
- Construction Financing
- Conventional Loans
- FHA Loans
- First Time Homebuyer
- Mortgages for Foreigners
- Refinance
- HARP Refinance
- Interest Only
- Jumbo Loans
- Reverse Mortgages
- Second Home
- VA Loans
Mortgage Articles
Various articles explaining the variations and implications of a commonly used mortgage terminology.
First Time Buyers - Buy vs Rent
In today's real estate market with so many home owners having lost their homes to foreclosure, bankruptcy, short sales, and deed in lieu of foreclose, the market has more renters than available homes for purchase. This high demand for rental properties has driven rents to an all time high. Renters are paying 30 to 40% more for a monthly rent payment than they would be paying for a mortgage loan payment for the same property.
At Solution First Mortgage Inc. it is our philosophy to help guide you in preparing for responsible home ownership. Responsibility starts with education on how credit works and how important it is to stay disciplined and current with all liabilities. How to understand the limitations of your income and DTI (debt to income ratios), we will also help you assess your past credit issues and may be able to direct you with options on how best to overcome these obstacles and who may be able to help you.
As a renter sometimes we do not see or understand all the options we may have available to us in order to be able to purchase our own home. At Solutions First Mortgage Inc. it's our goal to help find all the possible options available for you.
Our service has been designed to remove the stress and misunderstandings commonly associated with buying a property. Welcome Home!
For further information about getting the right mortgage for you and to arrange your 'NO-FEE ASSESSMENT'
CALL US on (+1) 941-921-1110
Mortgages
Adjustable Rate
Fixed Rate
VA Loans
FHA Mortgages
USDA Loans
Conforming Loans
Conventional Loans
Jumbo Loans
Reverse Mortgage Purchase
Construction Loans
Interest Only
Second Home
Vacant Land Financing
Realtors section
Home Buying - the buying process
Disclosures – Understanding Disclosures
Contractual Finance Clauses
Economy / Markets – impact on rates from lack of supply
Glossary
Other FAQ’s
Testimonials
Real testimonials from clients
Real testimonials from realtors
See what they have to say about our services
Home Purchase Loans
Home Buying - understanding the buying process
The process
Keeping in order – the paperwork process
Different loan types
Rent vs own
Points
Mortgage Rates
Locking in interest rate
Purchase strategies
Pre-qualification vs Pre-approval
Avoidable Expenses
The How to
READ THIS FIRST
The process
Qualifying for a mortgage
Points
Zero down – VA, USDA & seller concessions
Contractual Finance Clauses -
Loan and Mortgage types
Settlement cost – What is the HUD1?
Good faith estimate – the maximum cost to obtain the loan
The Til – Truth in Lending
RESPA – Real Estate Settlement Protection Act
Mortgage Insurance - PMI
Disclosures – Understanding Disclosures
Servicing – Banks
Economy/ Markets – the impact on rates
Fannie & Freddie – why they important to you
Credit Score – How credit score affect your interest rate
Glossary
Other FAQ’s
My Mortgage Blog
Read our blog about everything involved in finding, buying and living in your new home from a mortgage brokers perspective.
Read my opinions about legislation, what it means, how I understand it and how it could be improved.
We have online newsletters and classes explaining in layman’s terms how mortgages work and how to choose the best one for you
