It is new, it is exiting, it is REAL... Reverse Mortgages are now available for purchase in ONE single transaction. People no longer have to buy first and refinance later. Doing Reverse Mortgage purchase in a single transaction will save money.

Let's look at an example:

Mr. Jones wants to downsize and purchase a smaller home. He is 71 years of age. He has 2 options

Option #1

Purchase home by obtaining conventional loan and then refinance that loan into reverse mortgage.

This option is great, however now Mr. Jones has to pay closing cost twice.

Option #2

Mr. Jones can purchase home in one single transaction without paying closing cost twice.

Reverse mortgage is great option for many seniors because it is often difficult for seniors to secure conventional financing. Many conventional lenders are now looking for plenty of income, great credit scores, and a hefty down payment. Reverse mortgage, on the other hand does not take into consideration credit, income, or assets. However, It does require a hefty down payment.

The best thing is that when a senior purchases home with a Reverse Mortgage he/she will never have to make a mortgage payment for as long as he/she lives. Even though there are many reverse mortgage programs out there, it is very important to consider Government backed reverse mortgage called HECM.

We have been working with reverse mortgages for over 7 years and we only concentrate on Government backed reverse mortgages (HECM)

If you have any questions, the best way to contact me is by e-mail dperlovich@yahoo.com or phone 386-627-1348

When Fed cuts the rates my office is swamped with borrowers who are calling to see if they can get a better rate.  Many of them are surprised that Mortgage Rates went up instead of down.  Luckily, I always lock rates as soon as I can. To me as a mortgage professional, predicting the direction of the rates is not a game. Most mortgage professionals are not bond analysts. More importantly, I've been in the business long enough to see rates go up 6 times in 1 day by a total of 1.5%. 

                                        Let me shed some light on this subject:      

The reason why mortgage rates go up when Fed cuts the rates is pretty simple. There is absolutely NO relationship between rates controlled by Federal Reserve and mortgage rates.  Only  very inderect relationship.

The Federal Reserve controls the rates they charge banks to borrow money and the rates banks charge when loaning money to each other for very short terms. These rates sometimes directly have an effect on credit card rates and Home Equity lines of credit. However, these rates have no effect on regular 30 Year Loans or FHA loans.  Fed rates are linked to short term bond. However, mortgage rates are linked to longer term bonds. The most popular index is 10 Year Treasury bond. You can actually go on internet and trace that index using any financial websites. 

Mortgage rates are somewhat lagging behind Fed rates and might eventually get lower. However, that could take a while. Immediate impact is almost always the increase of mortgage rates when Fed cuts the rate. Later on the rates usually return to where they were and might eventually fall.

So there you have it.

Who is the next person you know who is looking to purchase new or refinance  their existing home in Palm Coast, Ormond Beach, Daytona Beach, Orlando, Miami, St. Augustine or anywhere in Florida. I also can help customers from New Jersey, Tennessee, California, Georgia, Arkansas, Colorado, Illinois, Indiana, Iowa , Kansas, Michigan, Missouri, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, Wisconsin.

I proudly serve Palm Coast, Flagler County Florida Waterfront and Golf Communities, Hammock Beach, Hammock Dunes, Ocean Hammock, Cinnamon Beach, The Conservatory at Hammock Beach, The Gardens at Hammock Beach, Yacht Harbor Village, Grand Haven, Palm Coast Plantation, The Sanctuary, The Tidelands, Canopy Walk, Oceanside Luxury Condos, European Village, Palm Coast Resort, The Surf Club, and More!

We can all follow these tips for saving on expenses. I hope you find them immediately useful. You may want to share them with your friends and family.

• Buy in bulk whenever practical and possible. 

• Never buy extended warranties or service contracts.

• Buy a used car that's almost new for a fraction of the original sticker price.

• Shop alone for grocery/household goods and take a list. Be a comparison shopper.

• Never shop when you're hungry, bored, or down in the dumps. It can cost you plenty!

• Take advantage of coupons, rebates and mail-in offers.

• Wait for the sale. Everything goes on sale eventually.

• Reduce your water-heater temp from 145-120°F and save 10-15% on your next bill. Better yet invest in your future and buy or build an Energy and Water Efficient Certified "Green" Home.

• Go to matinees instead of evening moves. Or wait to rent the video.

• Maintain good records. Keep your receipts. Record your cash spending.

• Give gifts that don't cost out-of-pocket money such as baby-sitting, etc. 

• Lower your tax withholding. Why give the IRS a free loan while you're paying an average 16% interest on your debts?

• Increase the deductibles on your automobile insurance. A $500 deductible compared to $100        could lower your premiums on comprehensive insurance by 25-30% a year.

• Have an Energy and Water Efficient Certified "Green" Home. Imaging the saving of 50% or more on your water, gas and electricity bill.

• Save hundreds of  on Homeowners Insurance by owning a Certified "Green" Home in Florida.

                                                           Are You a Real Estate Agent ?

                                                           e-mail me to learn about income opportunity

P.S. "Who is the next person you know"? You give me the greatest compliment when you send those you care about to me. I am 100% committed to providing you and those you send to me the quality of service that improves your life. A referral is sending someone you care about to someone you respect.

There is no cost or obligation to have a mortgage consultation. It's as easy as a phone call.  Just call me, Dmitry Perlovich, at Dimper Funding at 386-627-1348 between 10 am and 6 pm Monday through Friday. I am looking forward to becoming your mortgage consultant for life.

I help clients who are looking to purchase new or refinance  their existing home in Palm Coast, Ormond Beach, Daytona Beach, Orlando, Miami, St. Augustine or anywhere in Florida. I also can help customers from New Jersey, Tennessee, California, Georgia, Arkansas, Colorado, Illinois, Indiana, Iowa , Kansas, Michigan, Missouri, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, Wisconsin.

I proudly serve Palm Coast, Flagler County Florida Waterfront and Golf Communities, Hammock Beach, Hammock Dunes, Ocean Hammock, Cinnamon Beach, The Conservatory at Hammock Beach, The Gardens at Hammock Beach, Yacht Harbor Village, Grand Haven, Palm Coast Plantation, The Sanctuary, The Tidelands, Canopy Walk, Oceanside Luxury Condos, European Village, Palm Coast Resort, The Surf Club, and More!

I've been in the business for a while and I have never seen the product so wonderful. After visiting all the models I was truly impressed with the quality of the construction, amount of the upgrades, beautiful landscape( featuring unique sprinkle system), and the overall supreme structure. I loved it so much that I am planning to build one of the homes on my own lot.

What impressed me the most? Utility Bill - with the gas and water prices going steadily up you will appreciate a bill that is less than a half of the regular amount for the smaller home. 

I almost forgot, you can build this Hurricane and Tornado Resistant, Energy and Water Efficient Certified "Green" Home for the price of Foreclosure.

Imaging building your brand new dream home or buying an existing never lived in model for the same price as a down the street 2-3 year old, beaten up with some questionable stains on the carpet shortsale.

For all of you who are thinking about moving to Florida or looking for a vacation, second home or investment property this is by far the best choice.

Follow the link http://www.yourfloridagreenhome.com/ and see for yourself.

Time is right!  Lower construction prices and better quality!  Lower interest rates!  We can even help you choose perfect location for your New Dream Home. Whether it is on the water or golf course, acreage or upscale community, whatever your preferences are we will help you find it. We also provide excellent financing options.

Are you are looking for Security, Comfort, and Peace of Mind? I invite you to visit us at www.yourfloridagreenhome.com  or contact me now.

Telephone:  (386) 627-1348                                                    

Website www.yourfloridagreenhome.com

E-mail:  dperlovich@yahoo.com

Who is the next person you know who is looking to purchase new or refinance  their existing home in Palm Coast, Ormond Beach, Daytona Beach, Orlando, Miami, St. Augustine or anywhere in Florida. I also can help customers from New Jersey, Tennessee, California, Georgia, Arkansas, Colorado, Illinois, Indiana, Iowa , Kansas, Michigan, Missouri, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, Wisconsin.

I proudly serve Palm Coast, Flagler County Florida Waterfront and Golf Communities, Hammock Beach, Hammock Dunes, Ocean Hammock, Cinnamon Beach, The Conservatory at Hammock Beach, The Gardens at Hammock Beach, Yacht Harbor Village, Grand Haven, Palm Coast Plantation, The Sanctuary, The Tidelands, Canopy Walk, Oceanside Luxury Condos, European Village, Palm Coast Resort, The Surf Club, and More!

The concept of credit started back in 1956 with two men named Bill Fair and Earl Isaac. Fair, a mathematician, and Isaac, an engineer, founded the Fair Isaac Company; otherwise, known to us today, as the FICO score. This credit system has standardized the way the financial industry extends "credit".

The 3 National Credit Bureaus:

1. EXPERIAN - uses the Fair, Isaac Model
2. EQUIFAX - uses the Beacon scoring Model
3. TRANS UNION - uses the Empirica scoring Model

EXAMPLE:              

 In this case, 717 would be the middle score.

Credit score rating:

These scores represent a composite of the borrower's credit history, employment, ability to save, and so on. The higher your score, the more chance you have of receiving credit with a low interest rate.

When lenders review one's credit score, it's reviewed by an underwriter. The underwriter and credit scores are assessed and rated by the following criteria:

Lifestyle History

• How long you've lived at your residence
• Do you own or rent (Owning property earns extra credit)
• How long you've been employed at your current job
• Education level (College Education earns extra credit)
• How much money earned and how credit has been used

Payment history

• Public record and collection items (means lower credit rating)
• Severity, recent and frequency of delinquencies noted in trade line section

Outstanding debt

• Credit history
• Number of balances recently reported (more credit lines / higher risk grade)
• Average balance across all trade lines (balances 60% max / higher risk grade)

Pursuit of new credit

• Number of inquiries and new account openings in the last year
• Amount of time since most recent inquiry

Types of credit in use

• Number of trade lines reported for each type
• Bankcard
• Department store cards
• Personal finance company references
• Travel and entertainment cards
• Installment loans

Quick 'Improve Your Credit Score' Tips:

• Bring credit cards balances below 40%
• Close Credit Cards you do not use
• Contact Dmitry at 386-627-1348 or e-mail dperlovich@yahoo.com to help you understand and improve your credit report

My job is to promote and educate the importance and meaning of credit worthiness. My commitment is to establish long term relationships with my clients by implementing tested Legal methods to improve their credit.

Request your FREE credit rating

I'm looking forward to providing you with the best home loans to meet your needs! Please share this information with your friends, co-workers, and neighbors and when you hear anyone talking about a home loan or credit challenges they might be facing please pass my information to them. Your referrals are a blood life of my business.

   Credit Card Guidelines

• Limit yourself to 1 or 2 credit cards. A Visa or MasterCard covers most purchases. Shop around for low-fee or no-fee bankcards. 

• Record your charges in a memo book so you don't lose track of your spending.

• Put a limit on your spending-don't let the credit card companies set it for you.                       

• Spend no more than 20% of your monthly take-home pay on consumer debt. This includes car loans and credit cards, but excludes rent or mortgage payment.

• If you are heavily in debt from credit cards, you may need to develop a repayment plan with your creditors or enlist the help of a professional.

• Use savings as an alternative to credit cards. Too many people are forced to use credit cards in an emergency because they have no savings. Change your spending and saving habits. Begin saving to establish a fund with at least 6 months' income. Use the money only in an emergency, and pay back that money as you would a bill.

• Know your goals and plan accordingly. Know what you want out of life. Begin by writing down your goals, a timeline for achieving them and the approximate costs. Then determine which goals are important, and focus on the high-priority items.

For a list of the lowest credit card rates, visit bankrate.com.      

Everything starts with credit. Having good credit will insure low interest rates on credit cards, car loans, and mortgage. People with good credit will save more money and ultimately make more money.

My job is to promote and educate the importance and meaning of credit worthiness. My commitment is to establish long term relationships with my clients by implementing tested Legal methods to improve their credit.

For a FREE credit analyses e-mail me at dperlovich@yahoo.com or

call me at 386-627-1348. 

I'm looking forward to providing you with the best home loans to meet your needs! Please share this information with your friends, co-workers, and neighbors and when you hear anyone talking about a home loan please pass my information to them. Your referrals are a blood life of my business.

  I want to help you compare borrower-paid mortgage insurance (BPMI) and lender paid mortgage insurance (LPMI) because soon you may be faced with choosing between them.

 Your choice could depend on several factors. The key questions to ask yourself are...

•    How long do I expect to remain in this house and this loan?                         

•    What kind of appreciation can I expect?

Give me a call at 386-627-1348 so we can determine the best type of mortgage insurance for you.

Click here for your FREE information.

There is no cost or obligation to have a mortgage consultation. It's as easy as a phone call.  Just call me, Dmitry Perlovich, at Dimper Funding at 386-627-1348 between 10 am and 6 pm Monday through Friday. Or e-mail me at dperlovich@yahoo.com. I am looking forward to becoming your mortgage consultant for life.

Who is the next person you know who is looking to purchase new or refinance  their existing home in Palm Coast, Ormond Beach, Daytona Beach, Orlando, Miami, St. Augustine or anywhere in Florida. I also can help customers from New Jersey, Tennessee, California, Georgia, Arkansas, Colorado, Illinois, Indiana, Iowa , Kansas, Michigan, Missouri, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, Wisconsin.

I proudly serve Palm Coast, Flagler County Florida Waterfront and Golf Communities, Hammock Beach, Hammock Dunes, Ocean Hammock, Cinnamon Beach, The Conservatory at Hammock Beach, The Gardens at Hammock Beach, Yacht Harbor Village, Grand Haven, Palm Coast Plantation, The Sanctuary, The Tidelands, Canopy Walk, Oceanside Luxury Condos, European Village, Palm Coast Resort, The Surf Club, and More!

 Here's a matching exercise to help you learn some mortgage terms:              

A.     Right of ownership and possession of a property.

B.     Document that transfers the title from the seller to the buyer.

C.     Fees charged at beginning of home-buying process, such as appraisal of the property.

D.     Money paid by buyer to seller at time an offer to purchase the home is presented.

E.     Professional estimate of what a home is worth, based on style, appearance, construction quality,              improvements, usefulness, and comparable value of nearby properties. 

F.     Principal, interest, taxes, and insurance-the 4 main parts of a monthly mortgage payment.

G.     Policy that protects buyer against errors, omissions, or defects in the title.

H.     Signed promise to repay mortgage loan in payments under pre-agreed terms and conditions.

I.      Final settlement of transfer of property.                                                       

J.      Fees and other charges paid by buyer and seller at closing.

K.     One point equals 1% of total mortgage amount.

L.     Mortgage not insured by government (such as FHA or VA loan).

Answer Key: 1(E), 2(C), 3(I), 4(J), 5(B), 6(D), 7(H), 8(F), 9(K), 10(G), 11(L).

There is no cost or obligation to have a mortgage consultation. It's as easy as a phone call.  Just call me, Dmitry Perlovich, at Dimper Funding at 386-627-1348 between 10 am and 6 pm Monday through Friday. I am looking forward to becoming your mortgage consultant for life.

P.S. Mortgage Process can be very confusing and complicated for the first time home buyers. I would love to have an opportunity to answer all your questions. 

I help clients who are looking to purchase  new or refinance their existing home in Palm Coast, Ormond Beach, Daytona Beach, Orlando, Miami, St. Augustine or anywhere in Florida. I also can help customers from New Jersey, Tennessee, California, Georgia, Arkansas, Colorado, Illinois, Indiana, Iowa , Kansas, Michigan, Missouri, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, Wisconsin.

I proudly serve Palm Coast, Flagler County Florida Waterfront and Golf Communities, Hammock Beach, Hammock Dunes, Ocean Hammock, Cinnamon Beach, The Conservatory at Hammock Beach, The Gardens at Hammock Beach, Yacht Harbor Village, Grand Haven, Palm Coast Plantation, The Sanctuary, The Tidelands, Canopy Walk, Oceanside Luxury Condos, European Village, Palm Coast Resort, The Surf Club, and More!

From my experience, most people refinance their current mortgage to save money or to get out of adjustable-rate mortgages into a fixed rate. Refinancing is like making an investment. You need to balance the cost of refinancing with the amount of interest you save over time. The savings are really your return on investment from refinancing. 

With zero point and no-cost refinance programs, the cost of refinancing can be eliminated as a consideration. However, the trade-off with most of these creative finance programs is paying a somewhat higher interest rate.

When your primary motive is to save money by refinancing or to get out of adjustable-rate mortgage, you need to answer 6 questions:

                                 1. By how much will my payment jump after the rate adjustment?

                                 2. How often will my rate adjust and by how much?

                                 3. Is it important to have stability in my payment and rate?

                                 4. How much money will I save in a long term?

                                 5. How much will it cost me to refinance?

                                 6. Are the savings large enough to justify the cost?

If you have and adjustable-rate mortgage it is important to compare whether to stay with an adjustable rate or to refinance into a fixed rate. You may be able to save money, have the benefit of fixed monthly payment even after paying for closing cost and/or prepayment penalty. I'd be happy to calculate the payment necessary to pay off your loan in any number of years you desire.

There are many loan programs to consider, as well as fees for acquiring them.

Click here for your FREE refinance analyses or call me at

. 

My purpose is for you to be so outrageously happy with the help I provide you that you'll gladly introduce me to at least two people you really care about before I even help you buy a close on your loan. 

I help clients who are looking to purchase  new or refinance their existing home in Palm Coast, Ormond Beach, Daytona Beach, Orlando, Miami, St. Augustine or anywhere in Florida. I also can help customers from New Jersey, Tennessee, California, Georgia, Arkansas, Colorado, Illinois, Indiana, Iowa , Kansas, Michigan, Missouri, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, Wisconsin.

I proudly serve Palm Coast, Flagler County Florida Waterfront and Golf Communities, Hammock Beach, Hammock Dunes, Ocean Hammock, Cinnamon Beach, The Conservatory at Hammock Beach, The Gardens at Hammock Beach, Yacht Harbor Village, Grand Haven, Palm Coast Plantation, The Sanctuary, The Tidelands, Canopy Walk, Oceanside Luxury Condos, European Village, Palm Coast Resort, The Surf Club, and More!

Perhaps the best way to describe it would be with a short story.

About 6-7 months ago a young couple came to my office with a lot of questions, concerns, and a clear sense of urgency. The owner of the house that they were renting advised them that he was going into Foreclosure and that they have 6-8 months to move out and find another place to live. It was a shock for a young couple because the house that they were renting was close to work, their kids had friends in the neighborhood homes, and the wife had her little garden that she put some many hours nourishing.

Young couple wanted to buy their own home so that they can finally settle in and have some stability in their life. There was only one problem.. Up until now they did not pay too much attention to their credit. There were some problems in the past with medical bills and there was judgment that was paid 6 years ago.

After initial FREE consultation the couple has decided to hire me as their mortgage, credit repair and insurance consultant. I explained to young couple that there are 4 steps that they need to follow to achieve their goals. I immediately put them on the plan that involves 4 steps.

Step 1 - Credit Repair 

Everything starts with credit. Having good credit will insure low interest rates on credit cards, car loans, and mortgage. People with good credit will save more money and ultimately make more money. I immediately pulled young couple's credit and discovered that there were some minor blemishes in the past that were never taken care. There was also 1 credit card that was charged up to the credit line limit. After using my expert knowledge of credit repair and restoration I made some suggestions and helped raise their credit score by 75 points in the next 5 months.

Step 2 - Mortgage Financing

After credit repair was complete, a young couple qualified for low interest rate mortgage. I used my 7 years of experience and after thorough analysis of 92 mortgage options suggested 3 that will address young couple long term needs. After 2.5 weeks mortgage closing process was successfully accomplished with the help of my professional and dynamic staff and young couple comfortably moved to their home.

Step 3 - Protect their home

Now that young couple bought their home, they had a mortgage and financial responsibilities. To them home is a shelter and a place to raise their children. However, they understood that accidents do happen and if one becomes ill or disabled they could easily lose everything they worked for including savings, home, and cars. Now that young couple bought their home, they qualified for a new type of mortgage protection insurance that will pays up to $50,000 in lump sum if one or the other gets seriously ill and not able to go to work. In addition young couple especially loved the feature that every penny that they put into the policy they will get back after 15 years.

This is yet another way to build wealth and financial security. After 15 years young couple can take the money to the bank and make a large payment towards their mortgage.

Step 4 - Pay off their mortgage early

The good thing is to have a home and place to live; the not so good thing is to have debts especially mortgage to pay every month. Most of the money put into the mortgage is interest paid to the bank and mortgage pay off process starts slowly and drags for a long time. I explained to young couple that there are better and faster ways to pay off their mortgage and reduce debt. Money that they save can be put into tax-free vehicles that accumulate wealth much quicker.

There are many ways to pay off mortgage without paying extra every month. Things like making biweekly payments usually shaves off 5-8 years of the mortgage. Also, there is a mortgage acceleration program that helps homeowners pay off their mortgage in half the time.

I set up young couple on a mortgage acceleration program and after only 5 months they have noticed that mortgage balance is becoming considerably lower.

Even though the story is a bit long, it illustrates my expertise in the areas of mortgage finance, credit repair, insurance, and mortgage acceleration.

This story also illustrates my purpose and my goal.

My goal is simple - to help families build wealth and financial security through real estate ownership and protect their wealth through adequate insurance coverage..