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Author name: Joshua Lerette

An experienced and trusted mortgage industry professional, Joshua Lerette has been assisting families to achieve the dream of homeownership and save money by refinancing in Florida for over a decade. In 2003 Joshua went through the process of buying his first home and even in a time where obtaining a home loan was much easier than it is today, still found the process to be confusing and felt the communication of the process and what to expect heavily lacked in his experience. So a career in originating home loans was born. Joshua's focus is simple. He strives to provide his clients with the industries best home loan rates, but more importantly to educate his clients on the vast array of loan options to assist them with their immediate needs but also long-term financial goals with money saving tips and tactics, gained through years of experience, those other loan officers simply do not provide; all while providing a world-class experience second to none.

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Top Five Market Factors That Influence How Mortgage Rates Move

Timing the market for the best possible opportunity to lock a mortgage rate on a new loan is certainly a challenge, even for professionals. While there are several generic interest rate trend indicators online, the difference between what’s advertised and actually attainable can be influenced at any given moment by at least 50 different variables …

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Source of Down Payment – Making Sure Your Cash To Close Comes From The Proper Source

Providing proper asset documentation and the actual source of the funds is a critical element of the loan closing process. There’s nothing worse in a real estate purchase than making it all the way through the hoops and hurdles just to have a loan denied after the final documents have been signed due to the …

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What’s The Difference Between Interest Rate and Annual Percentage Rate (APR)?

The difference between APR and the actual note rate is very confusing, especially for First-Time Home Buyers who haven’t been through the entire closing process before. When shopping for a new mortgage loan, you may notice an Annual Percentage Rate (APR) advertised next to the note rate.  The inclusion of an APR is actually mandated …

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Do I Need To Sell My Home Before I Can Qualify For A New Mortgage On Another Property?

Although every situation is unique, it is not uncommon for homebuyers to qualify for a mortgage on a new home while still living in their primary residence. Perhaps you are outgrowing your current house, or have been forced to relocate due to a job transfer?  Regardless of the motivation for keeping one property while purchasing …

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Understanding FHA Mortgage Insurance Premium (MIP)

FHA Mortgage Insurance Premium (MIP) is an important part of FHA Insured loan. Mortgage insurance is insurance that protects lenders against any losses that may result from a consumer defaulting on their FHA-insured home loan. FHA home loans require two types of Mortgage Insurance Premiums for all borrowers, regardless of down payment. The two types …

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What Do Appraisers Look For When Determining A Property’s Value?

Most people are surprised to learn what appraisers actually look at when determining the value of a real estate property. A common misconception homeowners generally have is that the value of their home is determined after the appraiser has completed their physical property inspection. However, the appraiser actually already has a good idea of the …

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