The loan limits on Conventional & VA loans were increased from $417,000 to $424,100 on a 1 unit property in Broward, Palm Beach, & Miami Dade Counties.

Foreclosures, short sales, and bankruptcies are set to fall off credit files of 2.5 million consumers between June 2016 and June 2017, according to analysis from Experian.

Being that I am Mortgage Banker that happens to be a Young Professional, I tend to work with a lot of First Time Home Buyers, Millennial’s & Young Professionals. One of the questions that I am constantly asked is “How long after graduation do I need to wait until I can purchase my first home?” or some people tell me that they know that they “Cannot purchase a home because they started their first job only a few months ago”.

Here are some of the products we have to offer!

Certain loans when you put down less than 20% you have to have mortgage insurance on the loan. You have some options when it comes to how you pay for the mortgage insurance and the 2 I wanted to go over today are Lender Paid Mortgage Insurance (LPMI) and Borrower Paid Mortgage Insurance (BPMI).