|
FL MORTGAGES - VA GOVERNMENT LOANS - FHA HUD APPROVED - HOME LOAN RATES - PURCHASE, REHAB, REVERSE
COMPARE OUR PROGRAMS We cover Tampa, St. Pete Beach, St Petersburg, Clearwater, Pinellas, Hillsborough, Pasco and Hernando Counties and the whole of Florida. |
|||
|
Which ever mortgage or loan you are looking for, we can provide it for you no matter what state your credit is in. |
|||
|
It's just paying your mortgage payment on a bi-weekly schedule. Instead of making your entire payment at the end of the month, this type of mortgage is broken in half and paid every two weeks. Example 1: Your mortgage interest is 6%. With a monthly mortgage, you pay more than 60-70% in interest throughout the life of your 30 year loan. With a $200,000 mortgage, the interest could end up being $120,000-140,000. With a bi-weekly mortgage, you pay less interest on your loan which means money saved for you! Example 2: You pay your bi-weekly $500 payment on a Friday. In some months there are 5 Fridays, meaning 3 $500 payments in one month about twice a year. Using this plan will all you to pay off your mortgage in about three-quarters of the time it would normally take to pay off your mortgage-- which means money saved for you in interest!
FHA is
the abbreviation for the Federal Housing Administration. American
Family Mortgage Lending is approved by the Dept. of Housing and
Urban Development to originate FHA loans. FHA was created in 1934 to
help Americans realize the dream of home ownership. The benefits of
FHA insured loans are many. FHA loans allow borrowers to purchase
new homes with little or no out of pocket expenses. The main
advantage of an FHA home loan is that the credit criteria is not as
strict, so borrowers who have had credit issues in the past and can
afford the monthly payments should not have a problem obtaining FHA
financing. Please call for details about FHA loans.
Often referred to as a “No Doc” loan or a “Stated“ loan, this program allows you to qualify for financing without providing any documentation (proof) pertaining to your income and/or assets. You can do a No Doc loan on a purchase or a refinance. Many times, self-employed borrowers will choose a No Doc loan.
This is a great mortgage program for
borrowers who want to purchase a new home before their current home
sells. You must contribute your bridge loan proceeds towards the
purchase of your new residence such as down payment and closing
costs. Both the current home and the new home must be owner-occupied
single family residences and the current home must be listed with a
professional real estate company. Some other restrictions and
guidelines apply, please call for details.
The "Option Index" Arm mortgage program offers you the flexibility of making monthly payments that make sense and best suit your financial needs at the time of payment. It offers three different options every month: - Make a low minimum payment. - Pay the interest only. - Make a full mortgage payment and/or make extra payments against your principal receiving immediate credit and reduction of your loan AND future monthly payments. Now you can choose to reduce your monthly payment to: - pay off other bills - when times are good, increase your monthly payment to reduce your mortgage later - invest - save "rainy day" money - make low interest, tax deductible payments and put the difference into high yield investments - eliminate expensive refinancing when rates decline At American Family Mortgage Lending, we pride ourselves on the knowledgeable assistance we are able to give both buyers and sellers involved in For-Sale-By-Owner transactions. For Sellers, we can pre-qualify your buyer for you. This is important so that you do not waste your time negotiating with a buyer who does not qualify. We will keep you informed and coordinate your closing with your title company, or you can choose to work with our nationally recognized title company. Good luck in you r efforts to sell your home! If you aren’t successful, call us. We can recommend a real estate professional that can help you sell fast. Buyers, we will pre-qualify you by determining the maximum loan amount you can qualify for. When you enter into a contract, we will finalize your financing and coordinate your closing to help you move into your new home as quickly as possible.
If you currently have a FHA mortgage
on your home, call us for details on how you can refinance to
significantly lower your monthly payment with minimal closing costs.
Are credit card payments and other bills tying up too much of your monthly income? Wouldn’t it be nice to eliminate those debts while at the same time lower the interest rate on your mortgage? The knowledgeable staff at AFM Lending can help you do just that. By this time next month you could be saving hundreds of dollars per month with one of our many Debt Consolidation loans. Pay off your debts, lower your mortgage payment and walk away from closing with cash in your pocket. Call today so you can start saving as soon as possible!
Welcome! American Family Mortgage
Lending can help you with the financing for your new home. With a
30% down payment you can purchase a home up to $1,000,000.00. Or,
refinance your existing home. We have No Verification and No
Documentation programs available that are easy to qualify for and
quick to close.
Congratulations, you’re on your way to homeownership! Buying your first home can be an overwhelming experience. American Family Mortgage is here to help you every step of the way. With a wide variety of First Time Homebuyer Programs, we can obtain for you the affordable financing you need. Pre-approval is a quick and easy process that will save you time and energy by letting you know how much you can afford to spend on your new home before you submit an offer. You will have the peace of mind that comes with knowing you are approved for the homes within your range. Pre-approval can also be a powerful negotiating tool when you are bidding on your dream house.
A Construction Loan enables you to
borrow money to have a new home built from the ground up. Call today
to begin construction on your new home.
If you purchased your home with a VA
loan, you may be able to refinance your mortgage to a lower rate
with minimal closing costs and no appraisal. Skip one month’s
mortgage payment and lower your monthly payment considerably by
calling the VA experts at AFM Lending today. You are entitled to the
lowest rate available - let us help you get it.
If you do not plan to be in your home
more than a few years, this may be the perfect program for you. Just
as the name implies, you only pay the interest on the mortgage for
the time period specified. You may make principal payments during
the interest only period, but you are not required to do so. You can
then use your extra cash to invest or pay off other high cost-
non-tax deductible debt. It’s up to you. If you are focused on
managing your money, increasing your cash flow, and reducing your
monthly payment, call today about our Interest Only feature.
Simply put, instead of paying your
mortgage payment once a month, you pay every other week. Your
payment amount every other week is equal to half a full month’s
payment. Depending on how your paychecks fall, paying a smaller
amount twice a month instead of a larger amount once a month may be
easier for you financially. In addition, on a 30 yr. fixed rate
mortgage, you will completely repay your mortgage in as little as 22
years. That saves you 96 mortgage payments! AFM Lending can help you
put that money back in your pocket where it belongs - call today!
Less than Perfect Credit Loans American Family Mortgage Lending realizes that not everyone has perfect credit. We consider all situations and give quick answers. No matter what your credit history, we may be able to find a loan for you. Divorce, Bankruptcy, Foreclosure, OK.
Lower Payments without Refinancing
You may be wondering how it is
possible to lower your monthly payment without actually refinancing.
If your mortgage amount is less than 80% of the value of your home,
you no longer have to pay monthly mortgage insurance. An appraisal
is required to disclose to your lender the value of your home.
Eliminating the mortgage insurance on your home may save you
anywhere from $20- $100 plus per month.
Veteran's Administration Loans
Commonly referred to as VA loans, the
Veteran’s Administration guarantees the mortgage loan for veterans
of the United States Armed Forces. American Family Mortgage Lending
is approved to originate VA loans. The VA entitles you to 100%
financing. Some of the many benefits of a VA loan are 100% financing
and lenient debt to income ratios. Also, credit underwriting is less
restrictive and closing costs are minimal. If you or your spouse has
served our country in any one of the Armed Forces, please contact
AFM Lending today to find out how your family can benefit by
obtaining a VA home loan.
100% Financing - No Money Down
American Family Mortgage Lending
offers a wide variety of zero money down programs for purchases and
refinances. We offer fixed and adjustable rates for many different
types of properties. Please call for details on these remarkable
programs.
A loan amount of $333,700.00 to 20
Million dollars is classified as a Jumbo Loan. A Super Jumbo is a
loan amount of over 20 Million dollars. Jumbos and Super Jumbos can
be obtained for all different types of properties including
High-Rise Condos and 1-4 Unit Family Residences. These properties
can be purchased as Primary, Secondary, and Investment Residences.
In addition, Home Equity Lines Of Credit (HELOC) can be obtained for
up to one million dollars.
Commonly referred to as ARMs, these
loans feature an interest rate that periodically adjusts with the
changing market rates. Usually, ARMs are at a rate that is fixed for
a specific period of time (usually 2 to 3 years) before they start
to adjust. ARMs are beneficial for a variety of reasons. If you need
extra borrowing power, an ARM will allow you to qualify for a higher
loan amount as qualifications at time of application are at the
lower rate. If you are planning on moving or refinancing after only
a few years, you may want to consider an ARM to take advantage of
the low rate - why pay more into interest than you have to. Your
loan specialist can inform you in more detail about this widely
popular program.
|
|||
HOME | ABOUT | TESTIMONIALS | CONTACT | PROGRAMS | GLOSSARY | APPLY NOW | QUICK QUOTE | RESOURCES
|
