What Determines Your Interest Rate in Brevard County, Florida When you're looking to buy a home in Brevard County, Florida, one of the most critical factors to consider is the mortgage interest rate you'll be offered. The interest rate can significantly impact your monthly payment and [...]
Unlock the Power of VA Loans First-time homebuyers, it's time to unlock the power of VA loans! As a veteran or active-duty service member, you have earned the opportunity to access incredible mortgage benefits through the VA loan program. At Morgan Financial, we specialize in VA loans and are committed to [...]
Demystifying Mortgage Points: Make Informed Decisions with Morgan Financial Navigating the mortgage landscape can be challenging, especially when it comes to understanding complex concepts like mortgage points. In this blog post, we'll explain the basics of mortgage points, including discount points and origination points, and [...]
What is Debt-To-Income Ratio on a VA Loan? A Guide by Morgan Financial, the Leading Local VA Lender in Melbourne, Florida If you're a veteran or active-duty service member looking to purchase a home using a VA loan, you may have heard of the term "debt-to-income ratio" (DTI). At Morgan Financial, [...]
Expert Mortgage Rates and How They Impact Your Payment A Guide by Morgan Financial When it comes to buying a home, understanding mortgage rates and how they impact your payments is crucial. Mortgage rates are the interest rates that lenders charge borrowers to borrow money for a home purchase or refinance. [...]
If you're a veteran or active-duty service member looking to buy a home with a VA loan, you need a Certificate of Eligibility (COE) to prove your eligibility. In this guide, Morgan Financial explains what a COE is, why it's important, and how to obtain one.
10 Mistakes to AVOID When Buying a Home There are many important steps to consider when getting ready to buy your home. These are just some of the most common pitfalls you can get into that can come in the way of you and your new home. 1 - Don't change jobs, become [...]
Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE.” This week, we answer the question: When is my first mortgage payment due? Typically, your monthly mortgage payment is due at the first of every month. However, your first payment is not be due until the [...]
Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE.” This week, we answer the question: What is prepaid interest? You're getting ready to close on your home, your lender sends your closing disclosures for you to review, and you see a section for "prepaid interest" [...]
Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE.” This week, we answer the question: When is flood insurance required on a home? When it comes to getting your home insured, flood insurance is not typically covered by traditional homeowner's insurance. The good news is, [...]
