Abbey Mortgage

Mortgage Company in Gainesville, FL
Mortgage Company in Gainesville, FL Welcome to our website, a frustration-free zone where we get you began toward qualifying and applying for a mortgage loan. Our mortgage specialists can get you approved in record time! That is because we take advantage of the very latest and finest automated tools to speed you hassle-free toward your new home, new mortgage or home equity cash! You've gained your home equity. Make it count! Use our calculators and other tools to learn how much you can borrow according to what you want to pay.

Contact Details

Address
Gainesville, FL
32601
Phone
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Getting a Down Payment
read moreMany borrowers qualify for several different kinds of mortgages, but they don't have a lot of money to put up a down payment. Slash your budget and build up savings. Scrutinize the budget to uncover extra money to save for your down payment. You might also try enrolling in an automatic savings plan at your bank to have a portion of your pay automatically moved into savings. Some practical approaches to put together funds include moving into less expensive housing, and skipping your vacation for a year or two.
Which Refinancing Program is Right
read moreIt has been said that only in the case your new interest will be at least two points lower, should you refinance your loan. Perhaps several years ago that was good advice, but since refinance costs have been falling recently, it could be time to look into it. A refinanced loan can be worth its cost several times over, because of the advantages that can come, along with a lower interest rate. You might be able to lower your interest rate (sometimes substantially) and make smaller monthly payments with your refinanced mortgage.
Need a Reverse Mortgage
read moreCall us and find out if a reverse mortgage is right for you. Reverse mortgages are not the right option for everyone. The goal of a reverse mortgage is to allow a retired person to live more comfortably in their home for the rest of their life. This can be done by allowing a monthly income, paying off bills building savings for emergencies and paying off any existing mortgages. Reverse mortgage s are FHA loans(Government insured) and have been around since 1989. Call Derek at Abbey Mortgage and he will tell you the pros and cons of a reverse mortgage.
Refinancing
read moreThere aren't as many loan programs as there are applicants, but sometimes it seems like it! We can guide you to choose the refinance loan program that can fit your needs the best. Call us at 352-369-4200 to begin the process. There are several questions to ask yourself while you look at the choices. Are achieving better mortgage payments and an improved rate your main refinance goals? Then a low, fixed rate loan may be your best option. Perhaps you currently hold a higher rate fixed rate mortgage, or maybe you have an ARM - adjustable rate mortgage - where the rate of interest varies.
Fixed & vs
read moreA fixed-rate loan features the same payment for the entire duration of your loan. The property taxes and homeowners insurance which are almost always part of the payment will go up over time, but generally, payments on these types of loans don't increase much. Early in a fixed-rate loan, a large percentage of your payment goes toward interest, and a much smaller part toward principal. That gradually reverses as the loan ages. You might choose a fixed-rate loan to lock in a low rate. Borrowers select these types of loans because interest rates are low and they want to lock in this low rate.
Eliminating Private Mortgage Insurance
read moreStudy your mortgage statements often. Also stay aware of how much other homes are being sold for in your neighborhood. Unfortunately, if you have a new mortgage - five years or under, you likely haven't had a chance to pay very much of the principal: you have been paying mostly interest. At the point your equity has reached the magic number of twenty percent, you are just a few steps away from canceling your PMI payments, for the life of your loan. You will need to notify your mortgage lender that you want to cancel PMI payments.
How the Loan Process Works
read moreThere's little question that getting a mortgage is a complex process. You wouldn't be researching mortgage loans if you could get a loan in a single day with a simple application. But Abbey Mortgage does the heavy lifting so you can concentrate on your life rather than the mortgage loan. A couple of factors determine this amount. What kind of monthly payment are you looking for? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? Use the calculators on our website to determine your monthly payment amount.
Don't Trip Yourself up While Buying
read moreMany new homebuyers make the mistake of rushing out to buy new things for their home as soon as the seller says "yes" and the lender approves their loan. Until your keys are in hand, there are still some hoops to jump through. Below you'll find a list of actions to avoid during this critical time of your home purchase. Don't buy big-ticket items. You may be tempted to buy that new easy-chair for the soon-to-be-yours parlor, but it's advisable to avoid making major buys like furniture, appliances, jewelry, or vacations until your home loan closes.
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