As 2008 rolls along here in sunny Florida, public schools have reopened for eager students, the hurricane season shifted gears, and home prices have dropped enough to make Florida jumbo home seekers very happy.  But some things haven’t changed this time of the year for those new Florida dream home buyers.  Florida jumbo mortgage loans still carry very high interest rates.  What to do….

One mortgage scenario that just keeps giving Florida jumbo home buyers a huge advantage is the ever popular Split Mortgage.  Jumbo mortgage loans can be split into smaller 1st and 2nd mortgages.  This allows for lower fixed rates and lower payments, especially if the 1st mortgage is rduced to $417,000, the coventional loan size limit.  2nd mortgages can then be provided with either fixed rates or interest-only home equity lines of credit.  And some equity lines of credit in Florida are available with no closing costs, saving you even more.

There are other ways to get around today’s higher fixed rate jumbo mortgages in Florida.  For more information call one of our Florida Mortgage Professionals at 888.399.0520 or visit our website at www.beechtreemortgage.com.

Thank you to our United States Veterans, everyone currently serving in the US military, and anyone considering to serve and defend our Country.  In today’s squeezed Florida mortgage markets, it’s great to know that Veterans can enjoy some of the best Florida mortgage financing available.    The Veterans Administration provides benefits to qualified Veterans that can’t be beat in today’s Florida mortgage arena.  Our Veterans deserve the very best in Florida mortgage financing.

Florida VA home loans allow no down payments, no monthly mortgage insurance, and no prepayment penalties.  In fact, sellers can contribute towards the Veterans closing costs and even buy-down their current VA home loan interest rate.  That’s the best way to obtain a lower fixed interest rate without having to pay for the discount.  That takes care of recovery period calculations – since it was not paid by the Veteran.

VA home loans are not only available for first time home buyer in Florida.  Florida homeowners who are qualified Veterans, can take advantage of the VA IRRRL, to reduce their interest rate without income or appraisal requirements.  Veteran homeowners can also refinance and take out cash for home improvements or debt consolidation too. 

For immediate assistance with all of your VA home loan questions, contact our experienced Florida VA experts at 888.399.0520 or Florida VA answers.

I have pondered thoughts over Florida mortgage fixed interest rate advertising campaigns.  When large, well known, lenders are advertising rates that are much lower than available I have to investigate to find the truth.  The truth is always in the details.

Currently a Florida mortgage company commercial finally claiming transparency; is also advertising an extremely low fixed interest rate.  I had to investigate.  When you pause your television and read the fine print; thanks TIVO, it reads you will pay 2% in discount points.  Is that fair?  What about recovery period calculations on discount points paid?  Does it make sense for the Florida home buyer or homeowner to pay discount points?  In almost all cases it doesn’t.

Discount points should be an option for the Florida homeowner or home buyer to consider when buying down the current fixed rate mortgage.  At BeechTree Mortgage you can always rest assured knowing you will receive our lowest fixed rate Florida mortgage, with no discount points and no origination fees. 

If everyone provided upfront Good Faith Estimate without charging discount points and origination fees; then shopping for your mortgage would be one step easier.  Less confusion in what current Florida mortgage rates are available.

For your free Good Faith Estimate, call our office 888.399.0520 or visit us online at www.beechtreemortgage.com.  Remember, especially when it’s too good to be true, get it in writing.

I am glad to find that many mortgage shoppers from first time home buyers to seasoned Florida homeowners are placing integrity on their things-to-check-for list. Finding the right Florida mortgage professional is not merely about interest rate and closing costs.  Integrity is everything.

I have always said that providing a low fixed rate mortgage in Florida and offering reduced mortgage closing costs is the easy part of the mortgage industry.  The real work has always been having that new Florida homeowner-to-be walk away with learning something new in this business.

Integrity, finally, is topping the list of clients that call our office.  They want to know what you know and they should.  The greatest satisfaction we receive from clients is that they actually learned something while obtaining their Florida mortgage.  Whether its, finding out how banks and mortgage lenders get paid, what exactly determines the interest rates you receive or explaining the advantages or disadvantages, in detail, with different mortgage programs. 

When you need sound Florida mortgage advice, look for a reputable, experienced, and upfront mortgage professional known for their integrity.  Learn something new and call one of our Florida mortgage professionals at 888.399.0520 or email us at info@beechtreemortgage.com.

Whether you own your land free and clear or have contracted with a Florida builder to purchase at closing; a Florida construction to permanent mortgage may be your best friend these days. 

Florida construction to permanent loans allow you to build your new home with a construction loan and a permanent mortgage; but with only one set of closing costs; thus reducing higher costs associated with two closings. 

And with available benefits such as an interest rate cap and a free interest rate float down; it makes sense to build your home with a construction to permanent Florida mortgage.  Call one of our Florida mortgage professionals at 888.399.0520 and ask for a free construction to permanent Good Faith Estimate.