Gerry Suarez Jr.'s (gsuarez) Blog

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Mortgage and Lending - New American Funding NMLS 6606 - 310298
A great and timely post from fellow Mortgage Myth Buster Jeff Belonger regarding the advantages of Energy Efficient Mortgages. Though they have been around for a while, only 3700+ were done last year. Look for that to change in the months and years to come as the recently announced "Recovery thro...
HUD has created three videos to help home buyers, especially first time buyers, understand the process better. The videos are very informative and run about 10 minutes each. Check them out at the link below HUD videos to help home buyers
One of the most under used and most misunderstood loan programs is the Guaranteed Rural Development loan from the USDA. This zero down program has some of the best features of any mortgage loan and should always be looked at to serve the needs of low down payment buyers. Check out this video for ...
Thanks to my friend and fellow Mortgage Myth Buster Gary Miljour for collaborating with me on this post. It's a disturbing trend we are seeing that is having a very negative effect on our veterans. Read below and see.   If you are a veteran or active duty military and own a home in Arizona, Cali...
Our friends at Think Big, Work Small once again bring up the topic of a bill recently introduced in congress that would allow for any and every mortgage owned by Fannie or Freddie to be refinanced at current rates. This refinance would be granted regardless of credit, income, loan to value or any...
RS from Florida.... A first time homebuyerhad applied with a local military credit union and were prequalified for well over $200k and told to go shopping for a home. Once they found a home and began the loan approval process, their lender said they would only be able to approve them for $135k! T...
While the internet is teaming with information these days it's critical to be able to ascertain the right from wrong. That's web 3.0 and that's what we're here for! I'm proud to be associated with this uber professional group of mortgage loan originators that share the passion for doing it right,...
The USDA has announced that system enhancements which allow them to use their new funding have been completed. Although these funds had been granted by Congress, the USDA was unable to use them pending changes in their system that allowed for the increased Guarantee Fee of 3.5%. What this means i...
This post is a courtesy of my friend and Mortgage Myth Busters founder Jeff Belonger. Great info for Realtors, particularly if you are in larger metro areas, to make your life better and your customers lives easier. A true win/win scenario that can even put some extra $ in your pocket. Great job ...
Last night we finally got our mortgagee letter detailing the changes we have all been anticipating. Although there was little if any surprise, the devil is in the details these days. Do you want to know those details? Feel free to click over to our Mortgage Myth Busters site for the scoop! New FH...

Gerry Suarez Jr.

FL Mortgage Guru
smartphone(352) 516-9884
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Local information regarding Mortgage lending in Central Florida including Orange, Seminole, Osceola, Lake, Volusia and Marion Counties. Also providing up to date information on HUD and government loan programs, and first time buyer programs. I'm required to tell you I'm not acting on behalf of HUD/FHA or the US Government!