mortgage: FHA Mortgage Update: FHA loan changes and what you need to know - 01/20/10 04:52 AM
While it is not official yet, it looks like the FHA is about to make several major changes that will affect borrowers in Brevard County, Florida and the rest of the country.  The talked about changes will affect the cost of mortgage insurance, the down payment, the amount of seller paid closing costs, and also some steps towards being able to better oversee and regulate lenders originating FHA loans.
The FHA does not actually lend money; the FHA insures loans made by lenders that meet the guidelines set forth by the FHA.  In order to insure these loans, all FHA loans have … (0 comments)

mortgage: Beautiful Home Showcase: please join us at this spectacular Melbourne Beach property! - 12/07/09 06:02 AM


mortgage: Does a 60% annual rate of return sound good to you? - 11/30/09 12:16 AM
Everyone knows that when you refinance your current mortgage into a new one you can benefit in better terms, better interest rate, better payment, and you may skip a month of your mortgage payment, however, most people do not look at the opportunity cost of the money that it costs to do the refinance.  What rate of return is your money getting right now as it sits in the bank? A half a percent?  A whole percent?  I doubt it is doing much better than that.
What if I told you that you could receive a guaranteed rate of return on … (2 comments)

mortgage: Brevard County Mortgage and Real Estate Market Data: September 2009 - 10/09/09 06:16 AM
Is the Market Changing?
Brevard County real estate sales continue to thrive.  New listings are down, sales are up, and interest rates are still at historically low levels.  With sales up almost 20% year over year, and inventory down about the same, it seems as though the market is moving at a fairly decent pace.  So ask the question: is the market changing?
Sales continue to show strong numbers, and inventory is decreasing.  With 79% of the sales being under $200,000, buyers are still looking for the bargains.  These "bargains" are going fast, as 37% of September sales sold in less … (0 comments)

mortgage: First Time Homebuyers…The Clock is ticking… - 09/02/09 06:37 AM
First Time Homebuyers...The Clock is ticking...
Uncle Sam wants you to buy a house!  If you are a first time homebuyer, he is even willing to give you an $8000 tax credit to do so.  Time is ticking away...this deal only lasts through November of 2009.  With rates still low, many properties to choose from that are aggressively priced, it really is the time to take advantage of the deals and get $8000 from Uncle Sam.
As I have outlined before, the program is simple, however, if you have any questions, you may want to check with your accountant or CPA.  … (0 comments)

mortgage: Bring on the new mortgage regulations! - 07/12/09 06:53 AM
There is much new regulation coming down the pipe for the mortgage industry with Regulation Z changes, and RESPA changes; many of my peers are beside themselves and raving mad about the changes.  In the next years many of the rules that hold professionals in the mortgage industry accountable will become stricter.  This may sound crazy, however, I invite the changes with open arms.
Why are Mortgage Professionals any different than other professionals?  It is my job to be as exact as possible.  Wouldn't you be upset if an engineer or architect got "close" to building the road or building correctly?  … (4 comments)

Joe Harris (Morgan Financial)

Joe Harris

Melbourne, FL

More about me…

Morgan Financial

Address: 2720 N Harbor Blvd, Melbourne, Fl, 32935

Office: 321(757) 357-0201

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As a Brevard County Mortgage Expert, Joe writes on all things related to the mortage industry and other related events for Brevard County, Fl.




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