Joe Harris is the COO of Morgan Financial, where he oversees operations, sales, and marketing to ensure a fast, enjoyable, and consistent mortgage experience. With more than 25 years in the industry and over $1 billion funded, Joe combines deep expertise with a passion for helping clients achieve homeownership. He is also dedicated to training and equipping loan officers with the tools and strategies they need to thrive in a competitive market.
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Annual Percentage Rate (APR) is also expressed as a percentage rate; however, it is a broader measure of the cost of borrowing the money. APR includes other charges and fees such as the interest rate, points, mortgage broker fees, and other charges that you pay to get the loan.
A Conventional Loan is any loan that is not a government loan. An example of a government loan would be a VA loan, an FHA loan, or a USDA loan. These loans are all guaranteed or insured by the government.
Typically, if a borrower makes a down payment less than 20% of the purchase price of the home on a conventional conforming loan, they will need the loan insured in some way.
On a VA loan, the seller may pay all of the veteran borrowers normal and customary closing costs. However, the VA also says that, in addition to normal and customary closings costs, the seller may pay up to 4% of the purchase price in “seller concessions”
The answer is that the VA does not require that the seller pay any specific fees. The VA just says that there is a list of fees that the buyer cannot pay. If the seller is required to pay fees, that would be negotiated and part of the real estate contract.
Location, Location, Location Brevard County is nestled on a cozy part of Florida’s East Coast and runs across 72 miles of gorgeous beaches. If you
Since the GI Bill was signed into law in 1944, millions of veterans, including those in Melbourne and Brevard County, have taken advantage of VA loans for their homes. However, many veterans and military families are held back by longstanding myths and untruths that surround VA loans.
I am a homeowner. Those are four words I never thought I would say just a few weeks shy of my 24th birthday. As a
Here in Brevard County, home buyers often find themselves in multiple bid situations when shopping for a home. Inventory is often low and homes are
Schedule a consultation with the Morgan Financial team to explore mortgage and refinancing options tailored to your needs.
