Luis Garcia's (stpeteclearatermortgageman) Blog

Well, to us Americans probably not. Our dollar is not worth what it was yesterday and comparing with the other markets we are losing value as fast as global warming. We seem to be heading into a recession according to the experts and inflation is affecting our economy. So, how can there be any po...

There are still severall 100% financing programs available. However, the guidelines have become much more strict. You can still qualify under a fannie mae prorgam such as the fannie flex 100% but there will be mortgage insurance and depending on the credit score the factor can be extremely high.H...

You heard it right, i can still finance Investment construction mortgages loans in all of Florida and mostly in the Saint Petersburg, Seminole, and Clearwater area. In addition, i can offer higher loan to values for primary and second/ vacation homes. If your having a tough time qualifying for a ...

 Reverse Mortgages is a wonderful program established to assist the senior community in utilizing their equity to alleviate them from every day expenses and open a source of extra income. After taking several classes on this program i have become much more confident in marketing and offering the ...

I read several articles in Money magazine regarding Jumbo loans being very risky and the reason for the rate hike for these types of mortgages. I guess i would have to agree with the first part of that article. Yes, it may seem a little riskier due to the loan amount and if the borrower becomes d...

I haven't had to experience this of yet but speaking to a few of my broker friends choosing a lender to close your deal may not be as easy as it was a year ago. I have 2 examples to share with you:1. (Purchase) I had a friend qualify a buyer and had 3 homes for the loan. of course he was giving t...

I have a client that called asking for rates last week so i went on my live rate engine and quoted a 6.125% 30 year fixed mortgage charging 0 points. So, she was happy and came in to take an application and we have her qualified. Great rate and great closing costs, what else can you ask for??Well...

These 2 words have become an oxymoron lately. From reading newpaper articles, to cnnmoney.com or msn.com or any website for that matter there isn't a success story. if you happen to find one please forward but check the date it may say November 10th 2006. 2007 has been quite the difficult year fo...