1. Mortgage Broker VS Mortgage Banker

    Mortgage Banker:  An ambiguous* sales person working for and representing one retail lender, rather than the consumer. am·big·u·ous– unclear or inexact because a choice between alternatives has not been made. Mortgage Broker:   A transparent* educator working for the consumer versus on…Read More

  2. Refinancing Still Makes Sense for Many

    Everyone is watching the Olympics, and many refinancing is not a huge priority. Why would anyone even think of refinancing their mortgage in the middle of winter, after rates have gone up slightly? Yet American Mortgage Corporation is fielding calls from plenty of borrowers looking to do exactly tha…Read More

  3. Florida’s housing market off to a good start

    Florida’s housing market opened this year with a bang, as new data from Florida Realtors reported more closed sales, higher median prices, increased pending sales and more new listings last month. Florida Realtors President Maria Wells said the state’s housing market has been continuously showin…Read More

  4. Where’s the best place to get a mortgage?

    Borrowers in the Sunshine State are in some of the best positions when it comes to getting a mortgage, according to a new study. Six of the top 10 best counties to get a mortgage are located in Florida, according to a study by financial information firm SmartAsset. Two more are on the opposite coast…Read More

  5. How To Cancel PMI

    If you bought a house with a down payment of less than 20%, your lender required you to buy mortgage insurance. The same goes if you refinanced with less than 20% equity. Private mortgage insurance is expensive, and you can remove it after you have met some conditions. How to get rid of PMI To remov…Read More

  6. How Low Will Mortgage Rates Go?

    For the sixth consecutive week, mortgage rates were on a downward spiral as the 30-year fixed-rate mortgage hovers near its 2015-low of 3.59 percent, Freddie Mac reports. "The 30-year mortgage rate dropped another 7 basis points this week to 3.65 percent,” says Sean Becketti, Freddie Mac’s chief…Read More