Wednesday, May 27, 2020

Fulfill your american dream



The purchase of a home is the goal of the vast majority of Americans.  That is why home ownership is often referred to as “The American Dream of Home Ownership.”   Two-thirds of Americans have taken advantage of the tax benefits, government programs and the economic benefits of owning to become homeowners.   
It is the mission of our company to foster this dream of home-ownership, using every resource available to help the average American reach their goals with as much knowledge and as little stress as possible.  One area that keeps many Americans from reaching this goal is their ability to qualify for a mortgage.  That is why our Florida Mortgage and Loan officers are expert advisors trained to help the average citizen get in the best position to purchase as possible.   
There are several areas that can help you get in position to qualify for a mortgage….. 

  • Your credit score.  Today, a low score can be a cause of rejection or add to the cost of home ownership.  It is important to start by finding out your score and, if it is low, determining a plan of action to raise your score. Our website, MyFloridaLoan.com offers a free soft credit report that will not effect your score Pre-Qualify/Soft Credit. The good news is that anyone can raise their score with the right plan and this can help lower many of your costs.  If you don’t know your score or don’t know what your score means with regard to obtaining a mortgage, contact our Florida Mortgage and Loan experts.    andrea@myfloridaloan.com   

  • Your monthly debts.  Many can’t purchase because they have too many debts. This problem also hurts in other ways as too many debts can help to lower your credit score and make paying a mortgage or rent more difficult. It is important to come up with a plan to lower your debts. Again, we can help determine how your debt load may be affecting your qualification for a mortgage as well as setting up a program to help you get your debts paid down.

  • Cash reserves.  Most home purchases require a down payment as well as the payment of closing costs.  Florida Mortgage participates in many programs that may help you minimize your need for cash and building cash reserves which is important for qualification standards.

  • Income documentation.  Many Americans do not keep good record of their earnings, especially if they are self-employed or have other sources of income that vary such as tips or commission. We can help you determine how to document your income to satisfy qualification requirements.  

For many who don’t qualify, this process may seem daunting. However, if you are truly committed to improving your long-term financial situation, we at Florida Mortgage and Loan are committed to partnering with you to make these changes happen. We want to be more than your broker. Those who are rich have experts that give them advice. Why shouldn’t the average American have the same advantages?  Contact Florida Mortgage and Loan to get started on your path to the American Dream.

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