The process of getting a Florida  mortgage is not only mentally taxing but can be very emotional as well. You want to cover all your bases but you’re committing to a property and a loan that you have to live with for some time. We are here to make your journey easier. BretlinFloridaMortgage.com is a full service mortgage company offering conventional, non-conforming, Jumbo, FHA and VA home loans in Florida and 17 other states.  I am sure that we will have the mortgage program that you need for the purchase of your Florida  home. Also, remember that we offer some of the best mortgage refinancing programs for home-owners. We can possibly save you hundreds of dollars each month of your hard earned money. So, if you wish to choose one of our conventional mortgage programs or an FHA or VA home loan program, you will know that you made the right choice in selecting BretlinFloridaMortgage.com. You are welcome to learn at your convenience from all of our online reading materials but don’t forget that we are available to answer any question that you have about your mortgage search. You can reach us anytime by calling us toll free 1-800-572-5964 or email me at gmkeller@tds.net   BretlinFloridaMortgage.com provides mortgage loans in the following states: Licensed in Florida, North Carolina, South Carolina, Alaska, California, Colorado, Indiana, Louisiana, North Dakota,  South Dakota, Maryland, Montana,  Mississippi, Minnesota, New Mexico, Pennsylvania, Tennessee and Texas: Apply Online Now 24/7 or Call us Toll Free 800.572.5964 Anytime!

We’ve put together this collection of online articles to help explain everything from the basics to some interesting and advanced topics. Throughout this website you will find articles and information mortgage programs such as Conventional, Jumbo, FHA and VA home loans.

The Anatomy of a Mortgage
A mortgage payment consists of PITI
P – Principal - The original amount of the money borrowed from a lender.
I – Interest - A fee charged for borrowing money.
T – Taxes - Property taxes paid to your local government.
I – Insurance – Home owners insurance on your property.

Mortgages Choices

Fixed – Fixed mortgages have a fixed term (like 15 or 30 years) and a fixed interest rate. The interest rate and term are fixed over the course of the mortgage and your monthly payment for the payment of principal and interest will not change during the term of the mortgage. Taxes and insurance can change so this may affect your total payment during the life of your loan.

Adjustable – An ARM (Adjustable Rate Mortgage) has an interest rate that will be adjusted up or down according to current interest rate levels. The monthly amount for your principal and interest payment will go up or down based on these interest rate changes.

The Down Payment
Many people believe that they need to put down 10 percent or even 20 percent for their down payment and that’s no longer true. There are many lenders that have loan programs that require 5 percent or less, including zero down. Way back when, the only zero down loans were from the Veterans Administration but fortunately those days are gone. If you think that you have to pay rent until you save up a 10 or 20 percent down payment, check with us. You’ll be pleasantly surprised.

Prequalification
You will want to get pre-qualified during your mortgage search. Prequalification isn’t binding but rather it gives you a ballpark idea of what you can afford. The lender analyzes your income, debt and credit history to estimate your maximum loan amount. Combine that with the money you have for a down payment and you have your maximum home price.

The next step is preapproval which verifies your income, debt and credit. Preapproval gives you the following benefits:

• Knowing exactly what you can borrow. You will have an accurate commitment from your lender for the amount you can borrow.
• Credit problem solving. You will know now, instead of while your offer is being evaluated by the buyer if you have any credit issues to be dealt with.
• Stronger negotiating position. Sellers love preapproved buyers. They know your offer will not fall through and will treat you like the proverbial bird in the hand. This can help you negotiate a better price.

BretlinFloridaMortgage.com - 904-226-0648 or Toll Free 1-800-572-5964       Email: gmkeller@tds.net  Apply Online Anytime at http://www.bretlinfloridamortgage.com  Conventional, Non-Conforming, FHA and VA Home Loans

Licensed in Florida, North Carolina, South Carolina, Alaska, California, Colorado, Indiana, Louisiana, North Dakota,  South Dakota, Maryland, Montana,  Mississippi, Minnesota, New Mexico, Pennsylvania, Tennessee and Texas: