A Non-Qualified Mortgage (Non-QM) loan is a type of mortgage that does not meet the standards set by the Consumer Financial Protection Bureau (CFPB) for a qualified mortgage (QM). These standards were put in place to ensure that borrowers are not given loans they cannot afford and to protect them from predatory lending practices. The …
A jumbo loan, also known as a non-conforming loan, is a type of mortgage that exceeds the conforming loan limits set by government-sponsored enterprises (GSEs) like Fannie Mae and Freddie Mac. These limits are determined by the Federal Housing Finance Agency (FHFA) and are based on median home prices in a specific area. In general, …
Credit cards can be a powerful tool for building and improving credit, but they should be used responsibly. When used correctly, credit cards can help to establish a credit history, improve credit scores, and even save money through rewards programs. However, if not used responsibly, credit cards can lead to high levels of debt, penalties, …
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A USDA mortgage is a type of home loan that is guaranteed by the United States Department of Agriculture (USDA). These loans are designed to make homeownership more accessible to people who live in rural or suburban areas, and who may not qualify for a conventional mortgage. The USDA sets guidelines for the types of …
Interest rate and APR, or annual percentage rate, are two important terms that are commonly used in the world of finance and credit. While they are often used interchangeably, they actually refer to two different things. Understanding the difference between interest rate and APR can be important for consumers who are considering taking out a …
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A mortgage rate is the interest rate that a borrower must pay on a home loan. The mortgage rate is determined by a variety of factors, including the terms of the loan, the borrower’s credit score and financial history, and the current market conditions. When a borrower applies for a mortgage, the lender will typically …
The Federal Reserve, or the “Fed,” is the central bank of the United States. It is responsible for implementing monetary policy, which is the process of managing the money supply in the economy to achieve certain goals. One of the key tools that the Fed uses to implement monetary policy is the interest rate, which …
Interest rates control your mortgage payment. The higher the rate, the more your mortgage payment costs monthly and over the en9re loan term. If you’ve watched the news lately, you’ve seen how vola9le rates have been over the last year. So what makes interest rates increase or decrease, and what can you do about it? …
Buying a home is one of the best investments you can make. Even if you don’t have a largedown payment or perfect credit, there are ways to get approved for a mortgage and become ahomeowner. Unfortunately, many assume a mortgage is more expensive than rent and avoid buying a home.However, looking at the big picture, …
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Mortgage Broker
Jonathan Torres
1522 Penman Rd.
Jacksonville Beach,
FL 32250 NMLS#1994043
Phone: 518-368-0090
Serving: FL,TX,TN,ND,NC,MT,MI MA,GA,CT,AL
Barrett Financial
2314 S Val Vista Drive, Suite 201 GIlbert, AZ 85295
NMLS#181106
Phone: 480-459-4500
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