Mortgages for Firefighters

Mortgages for First Responders / $0 Lender Fees

 

BUYING – SELLING – REFINANCING
Real Savings & Rewards for Our Nations Heroes
“All the best heroes are ordinary people who make themselves extraordinary.”
www.americanheromortgage.com  – 754-202-4376

Testimonial :

Michael Weishaar – Firefighter

I just wanted to say thank you to Morry Newman of American Hero Mortgage for all his help in obtaining my properties. Morry first helped me 5 years ago in my first house purchase and then again this year. Morry was with me every step of the way to handle every obstacle that came up and making sure my closing went as smooth as possible. Thank you Morry for all your help, and look forward to hearing from me in the future.

Michael Weishaar
Firefighter Pembroke Pines FL

Read More

How to Reduce or Eliminate Private Mortgage Insurance

Homebuyers that can't afford to put 20% down on the purchase price of their new home often opt to take out private mortgage insurance (PMI) with their lender to help seal the deal. This insurance protects the lender from a default, and can add more than $100 to a monthly mortgage payment.

Refinance Your Loan

Firefighters with a high interest rate on their mortgage and PMI might qualify for a mortgage refinance that could not only reduce their interest rate, but also eliminate PMI.

The PMI rules under any new loan terms are still the same: pay 20% or the home has to appraise higher than the original loan. Homeowners usually have to pay for the appraisal, but if the home value increases, it could be a win-win situation.

Firefighters with FHA-insured loans can refinance and obtain the lower annual Mortgage Insurance Premium. For most FHA loans this will reduce the annual premium from 1.35 percent of the loan balance to .85 percent. HUD explained that they expect 100,000 to 200,000 FHA-insured borrowers to refinance in the next year.

If you have questions or would like to get more information about specialty mortgages for firefighters click here

Read More