YANKED - Avoiding the 11th hour mortgage loan turndown

You’ve picked out your home.You gave the sellers a deposit.You paid for the appraisal and the inspection.The lender says they just need a few more documents.Your loan closing is less than a week away.You’ve done everything right.Then it happens.YANK!Your lender tells you the last documents you sent it won’t work and they won’t be able to do your loan.In other words, they’re turning you down.You may lose your deposit and your appraisal money. Not to mention quite a bit of sleep due to the giant stress ball you were just handed.Do I Actually Have a “Loan&rdquo...

October 23rd, 2017 YANKED - Avoiding the 11th hour mortgage loan turndown

An expensive but common home buying mistake to avoid

Buying a home is expensive!First you’ve got the cost of the home. Add on the required things...appraisals, inspections, taxes, insurance, maybe even repairs. Then you’ve got discretionary things like furniture, landscaping & decorations.Total it all up and you’re making a major investment!The sheer risk of losing your hard earned money is one of the reasons why we believe you should always understand WHY these details are important when it comes to buying a home.The cold hard truth is that any single mistake could cost you thousands of dollars or worse - make you lose out...

October 16th, 2017 An expensive but common home buying mistake to avoid

What can happen when you don’t trust your gut

Do you ever get that nagging feeling that something’s not right… that feeling deep down inside when your internal alarm bells are going off?Some people would say it’s a gut feeling. Others might call it intuition.But no matter what you call it, when it comes to buying a home, you should always trust your gut.If you choose not to, it could put you in a serious bind like it did for some recent borrowers of ours.Down to the WireWe believe in daily communication throughout the loan process. But sometimes, things just seem to pop up at the last minute no matter what we do.In real...

October 9th, 2017 What can happen when you don’t trust your gut

USDA Temporary Funding Lapse Oct 2017: Don't Miss Out

If you've got a Rural Housing loan in process or thinking about going that route, call us to make sure you get your loan!The Rural Housing Single Family Guarantee Loan Program announced on September 19, 2017 that the USDA loan program will experience a two week lapse in fundings starting October 1, 2017. During this time, the Rural Housing will issue Conditional Commitments subject to the availability of funds. Florida Capital will continue to fund USDA Single Family Guaranteed Loans with language on the Conditional Commitments "subject to the availability of commitment authority"...

September 28th, 2017 USDA Temporary Funding Lapse Oct 2017: Don't Miss Out

The Super Hero Lender

Here’s a testimonial directly from one of our recent borrowers. These are her words :)“Being first-time home buyers, we were very nervous and scared about buying our first home. Finding a home that was just right for us wasn’t our only challenge. We also needed a lender that was perfect for our situation.When we finally found our dream house, our lender at the time reviewed all of our documentation we provided and said “y’all are good for the rural development loan. No worries!” We placed a contract on the house and inspections/appraisals were set.After the ...

September 28th, 2017 The Super Hero Lender

5 Lessons it Took Me 14 Years to Learn

The kids heading back to school for the start of their new year makes me take a moment and look back at my year so far. I can’t believe it, but this marks my 14th year in the mortgage business… a crazy business with all kinds of ups and downs that I certainly never planned to be in when I was a kid in school. 14 years later, I’m grateful for my experience as I’ve learned some incredibly valuable lessons from this business and the people around me. Here are 5 huge lessons I’ve learned along the way that I hope will help YOU: #1 - Be Humble I&rsq...

August 21st, 2017 5 Lessons it Took Me 14 Years to Learn

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