Navigator Mortgage is a Jacksonville locally owned and operated mortgage broker since 2002. We offer multiple loan programs tailored to our client's goals and needs. Call us today to get started. Navigator Mortgage- Helping you find your way home. Florida is a great place to live because of the weather, the people, and the communities. We offer a variety of loans for residents of Jacksonville, Florida including Conventional, VA, HomePath and Investment options.
In addition, we also offer Refinance loans for Jacksonville and Florida residences. Special Conventional loan programs available even if you have little to no equity. Whether you are first time home buyer, purchasing your dream home, refinancing an outstanding loan, or consolidating debt, the highly experienced team of mortgage brokers here can help you take that first step toward a financial solution.
The team here is committed to providing our clients with the highest quality financial services combined with the lowest rates available in your area.
In addition, we also offer Refinance loans for Jacksonville and Florida residences. Special Conventional loan programs available even if you have little to no equity. Whether you are first time home buyer, purchasing your dream home, refinancing an outstanding loan, or consolidating debt, the highly experienced team of mortgage brokers here can help you take that first step toward a financial solution.
The team here is committed to providing our clients with the highest quality financial services combined with the lowest rates available in your area.
Services
Our team is committed to providing our clients with the highest quality financial services combined with the lowest rates available.
Our outstanding mortgage professionals will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.
Whether you are purchasing your dream home, refinancing an outstanding loan, or consolidating debt, our highly experienced team of loan officers can help you find the right loan program at the lowest rate.
Our outstanding mortgage professionals will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.
Whether you are purchasing your dream home, refinancing an outstanding loan, or consolidating debt, our highly experienced team of loan officers can help you find the right loan program at the lowest rate.
Harp stands for Home Affordable Refinance Program.
Its main goal is to help people that have either Fannie Mae or Freddie Mac backed 1st mortgages refinance to lower rates and payments.
What is HARP 2?
I am underwater on my mortgage.
Can I use HARP2?
Yes you can.
If you choose an adjustable rate loan, your loan to value is limited to 105% of the estimated value of your home.
No, I am really really underwater on my mortgage, so to be clear, can I use the HARP 2 program?
I am really really sure.
The new HARP 2 program specifically has no loan to value restrictions.
Its main goal is to help people that have either Fannie Mae or Freddie Mac backed 1st mortgages refinance to lower rates and payments.
What is HARP 2?
I am underwater on my mortgage.
Can I use HARP2?
Yes you can.
If you choose an adjustable rate loan, your loan to value is limited to 105% of the estimated value of your home.
No, I am really really underwater on my mortgage, so to be clear, can I use the HARP 2 program?
I am really really sure.
The new HARP 2 program specifically has no loan to value restrictions.
Conforming Loans: Conforming loans are conventional loans that meet bank-funding criteria set by Fannie Mae (FNMA) and Freddie Mac (FHLMC).
Both of these stock-holding companies buy mortgage loans from lending institutions and secure them for resale to the investment community.
Every year, form October to October, Fannie Mae and Freddie Mac establish limits on what constitutes a conforming loan in a mean home price.
Buying back mortgage loans allow these agencies to provide a continuous flow of affordable funding to banks that reinvest their money back into more mortgage loans.
Both of these stock-holding companies buy mortgage loans from lending institutions and secure them for resale to the investment community.
Every year, form October to October, Fannie Mae and Freddie Mac establish limits on what constitutes a conforming loan in a mean home price.
Buying back mortgage loans allow these agencies to provide a continuous flow of affordable funding to banks that reinvest their money back into more mortgage loans.
Designed to offer long-term financing to American veterans, VA mortgage loans are issued by federally qualified lenders and are guaranteed by the U.S. Veterans Administration.
The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice.
It is generally easier to qualify for a VA loan than conventional loans.
A VA funding fee of 0 to 3.3% (this fee may be financed) of the loan amount is paid to the VA.
When purchasing a home, veterans may borrow up to 100% of the sales price or reasonable value of the home, whichever is less.
The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice.
It is generally easier to qualify for a VA loan than conventional loans.
A VA funding fee of 0 to 3.3% (this fee may be financed) of the loan amount is paid to the VA.
When purchasing a home, veterans may borrow up to 100% of the sales price or reasonable value of the home, whichever is less.
With a fixed rate mortgage, the interest rate does not change for the term of the loan, so the monthly payment is always the same.
Typically, the shorter the loan period, the more attractive the interest rate will be.
Payments on fixed-rate fully amortizing loans are calculated so that the loan is paid in full at the end of the term.
In the early amortization period of the mortgage, a large percentage of the monthly payment pays the interest on the loan.
As the mortgage is paid down, more of the monthly payment is applied toward the principal.
Typically, the shorter the loan period, the more attractive the interest rate will be.
Payments on fixed-rate fully amortizing loans are calculated so that the loan is paid in full at the end of the term.
In the early amortization period of the mortgage, a large percentage of the monthly payment pays the interest on the loan.
As the mortgage is paid down, more of the monthly payment is applied toward the principal.
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