Dealing with Eric Coleman and Kristi Brownell at Florida Home Loans was a delightful experience. They were knowledgeable, responsive, timely, and made the entire loan process as painless as possible. I would not hesitate to recommend Florida Home Loans to anyone seeking their help with a new home purchase. After dealing with another mortgage company who kept messing me around for 3 months.
I then got referred to Jorge and Mitch. What a difference, they got me fully approved in 48 hours and closed on my refinance 2 weeks later. Quick, seamless process for our refinance. Jon and team we're very helpful and I would recommend to anyone looking for mortgage services. I would use Florida Home Loans again and have already referred them to a couple friends and family members.
Applying for our home loan/mortgage was so easy and quick. Jorge & Jon helped us pick the best options for our personal loan as well as worked closely with the underwriters. Not only that, they were always available and quick with responses.
I then got referred to Jorge and Mitch. What a difference, they got me fully approved in 48 hours and closed on my refinance 2 weeks later. Quick, seamless process for our refinance. Jon and team we're very helpful and I would recommend to anyone looking for mortgage services. I would use Florida Home Loans again and have already referred them to a couple friends and family members.
Applying for our home loan/mortgage was so easy and quick. Jorge & Jon helped us pick the best options for our personal loan as well as worked closely with the underwriters. Not only that, they were always available and quick with responses.
Services
With over 18 years of mortgage lending experience combined, working for both mortgage lenders and brokers, Eric Coleman and Jorge Magana have teamed up to form Florida Home Loans, LLC.
After working together for the past year, they decided to combine their strengths in marketing, product knowledge, operations and a strong community presence and form their own corporation.
Our focus is on providing our customers and business partners with industry best service.
Originally from Duluth, Georgia, Eric moved to Florida in 1990.
After working together for the past year, they decided to combine their strengths in marketing, product knowledge, operations and a strong community presence and form their own corporation.
Our focus is on providing our customers and business partners with industry best service.
Originally from Duluth, Georgia, Eric moved to Florida in 1990.
The traditional fixed rate mortgage is the most common type of loan program, where monthly principal and interest payments never change during the life of the loan.
Fixed rate mortgages are available in terms ranging from 10 to 30 years and can be paid off at any time without penalty.
This type of mortgage is structured, or "amortized" so that it will be completely paid off by the end of the loan term.
There are also "bi-weekly" mortgages, which shorten the loan by calling for half the monthly payment every two weeks.
Fixed rate mortgages are available in terms ranging from 10 to 30 years and can be paid off at any time without penalty.
This type of mortgage is structured, or "amortized" so that it will be completely paid off by the end of the loan term.
There are also "bi-weekly" mortgages, which shorten the loan by calling for half the monthly payment every two weeks.
The first step in obtaining a loan is to determine how much money you can borrow.
In case of buying a home, you should determine how much home you can afford even before you begin looking.
By answering a few simple questions, we will calculate your buying power, based on standard lender guidelines.
You may also elect to get pre-approved for a loan which requires verification of your income, credit, assets and liabilities.
Be in a better position when negotiating with the seller (seller knows your loan is already approved).
In case of buying a home, you should determine how much home you can afford even before you begin looking.
By answering a few simple questions, we will calculate your buying power, based on standard lender guidelines.
You may also elect to get pre-approved for a loan which requires verification of your income, credit, assets and liabilities.
Be in a better position when negotiating with the seller (seller knows your loan is already approved).
It's generally a good time to refinance when mortgage rates are 2% lower than the current rate on your loan.
It may be a viable option even if the interest rate difference is only 1% or less.
Any reduction can trim your monthly mortgage payments.
Example: Your payment, excluding taxes and insurance, would be about $770 on a $100,000 loan at 8.5%; if the rate were lowered to 7.5%, your payment would then be $700, now you're saving $70 per month.
Your savings depends on your income, budget, loan amount, and interest rate changes.
It may be a viable option even if the interest rate difference is only 1% or less.
Any reduction can trim your monthly mortgage payments.
Example: Your payment, excluding taxes and insurance, would be about $770 on a $100,000 loan at 8.5%; if the rate were lowered to 7.5%, your payment would then be $700, now you're saving $70 per month.
Your savings depends on your income, budget, loan amount, and interest rate changes.
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