Farris Mortgage has been part of the 'Ask The Professional Series' on KWTO am 560 since 1997. Listen to us or even call in live on the radio at 417-862-9977 on Tuesdays at 2:00 during the Farris mortgage hour with any questions. Farris Mortgage loans are done differently than other lenders. We do not make money on closing costs or third party fees in fact we actually pay money toward your closing costs.
Since 2015 Farris Mortgage has paid more than $225,000 in closing cost for our clients. This is actual money our clients get to keep we call this "The Broker Advantage". Whether you need an FHA, VA, USDA, Conventional or Jumbo loan, "good credit" or "marginal credit" Farris Mortgage can help you get the best mortgage product available.
Since 2015 Farris Mortgage has paid more than $225,000 in closing cost for our clients. This is actual money our clients get to keep we call this "The Broker Advantage". Whether you need an FHA, VA, USDA, Conventional or Jumbo loan, "good credit" or "marginal credit" Farris Mortgage can help you get the best mortgage product available.
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Whether you need an FHA, VA, USDA, Conventional or Jumbo loan, "good credit" or "marginal credit" Farris Mortgage can help you get the best mortgage product available.
I was very impressed with Farris Mortgage, this was our 1st home and we definitely would purchase a second home through Farris.
We had talked to another mortgage company and were very disappointed.
We were very pleased with the help we received while purchasing this house & my loan officer was always available any time I had a question.
I was very impressed with Farris Mortgage, this was our 1st home and we definitely would purchase a second home through Farris.
We had talked to another mortgage company and were very disappointed.
We were very pleased with the help we received while purchasing this house & my loan officer was always available any time I had a question.
Conventional mortgages are those which are not insured by the FHA/VA and thus not subject to their rules and regulations.
These loans are offered by banks, savings and loans, credit unions, and mortgage bankers.
Although these lenders also offer reduced down payment programs, the insurance for these loans is offered by private sector insurance companies, hence the name private mortgage insurance (PMI).
PMI is usually required if the down payment on the home is less than 20%.
One way of dividing the world of mortgage programs is by distinguishing between those loans insured by the Federal Government and those that are not.
These loans are offered by banks, savings and loans, credit unions, and mortgage bankers.
Although these lenders also offer reduced down payment programs, the insurance for these loans is offered by private sector insurance companies, hence the name private mortgage insurance (PMI).
PMI is usually required if the down payment on the home is less than 20%.
One way of dividing the world of mortgage programs is by distinguishing between those loans insured by the Federal Government and those that are not.
If you own a home you still owe mortgage payments on, chances are you're examining your refinancing options.
In today's economy everyone needs a way to lower monthly payments and make housing more affordable.
The FHA has a variety of refinancing options to make owning a home more affordable, including FHA Streamline loans.
FHA Streamline loans are designed for people who already have FHA mortgages.
FHA Streamline loans make lowering your monthly payment easier than ever.
Plus, the extra money you have at the end of the month can go a long way toward helping you reach your financial goals.
In today's economy everyone needs a way to lower monthly payments and make housing more affordable.
The FHA has a variety of refinancing options to make owning a home more affordable, including FHA Streamline loans.
FHA Streamline loans are designed for people who already have FHA mortgages.
FHA Streamline loans make lowering your monthly payment easier than ever.
Plus, the extra money you have at the end of the month can go a long way toward helping you reach your financial goals.
In many cases the answer is YES.
Especially if you plan on selling or refinancing your home in the next three to five years or if interest rates drop again.
You can lower your interest rate and your term without paying fees or closing costs and save money each month.
The average homeowner either sells or refinances their home every five to seven years.
Ask yourself how many times you paid closing costs.
If you listen to my radio show on KWTO am 560, you know that it's the term of the loan that saves you the most amount of money- not the rate!
Especially if you plan on selling or refinancing your home in the next three to five years or if interest rates drop again.
You can lower your interest rate and your term without paying fees or closing costs and save money each month.
The average homeowner either sells or refinances their home every five to seven years.
Ask yourself how many times you paid closing costs.
If you listen to my radio show on KWTO am 560, you know that it's the term of the loan that saves you the most amount of money- not the rate!
When interest rates are on a downward trend some homeowners may get a little giddy, refinancing multiple times to catch every tiny drop in rates.
Farris Mortgage has responded to this surge by offering NO-COST REFINANCING no points, no closing costs.
You sign the papers and walk out with a lower interest rate than you have now.
But of course, the lender is going to make money somewhere on the deal.
The tradeoff for the homeowner is an above-market interest rate, generally about a half to three-quarters of a percentage point depending on the loan amount size.
Farris Mortgage has responded to this surge by offering NO-COST REFINANCING no points, no closing costs.
You sign the papers and walk out with a lower interest rate than you have now.
But of course, the lender is going to make money somewhere on the deal.
The tradeoff for the homeowner is an above-market interest rate, generally about a half to three-quarters of a percentage point depending on the loan amount size.
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