Michael is the Senior Vice President of Operations at AmeriSave. He has more than 10 years of experience in the mortgage industry including leadership roles at LendingTree, Discover Financial Services and AmeriSave. He is a graduate of Florida State University. Michael leads a worldclass team of mortgage professionals and his top priority is to ensure that customers experience a smooth and seamless experience when going through the mortgage process with AmeriSave.
Elevated home prices and rising interest rates have sparked renewed interest in home loans that can lower monthly mortgage payments, like adjustable-rate mortgages (ARMs). If you’re shopping for a home, take the time to understand this mortgage option. This article explores the key differences between 5/1 and 5/6 ARM loans, crucial when considering adjustable-rate mortgage […]
An adjustable-rate mortgage (ARM) — sometimes referred to as a “variable rate mortgage” —offers the opportunity to save money through a low introductory interest rate. But it also has the possibility of a higher monthly mortgage payment once that introductory rate ends. If you’re the right kind of home buyer and you understand how to […]
For some prospective homebuyers, rising interest rates might make it feel like the dream of homeownership is slipping away. The good news is that even in a high-rate environment, you have multiple strategies to help you lower your interest rate or the total cost of your loan. One such strategy is the mortgage buydown. Mortgage […]
Achieving homeownership is often the culmination of a long-term goal, possibly tied to aspirations like starting a family. Strong emotional bonds develop with our homes, making it vital not to let emotions dictate the home-buying process. It’s essential to approach this milestone strategically to ensure sound decision-making. Approach Home Buying Strategically Savvy homebuyers strategically navigate […]
Every homebuyer has different needs, especially when it comes to financing especially mortgage loan options. That’s why there’s no one-size-fits-all mortgage solution. In fact, there are various types of home loans, each offering distinct features, requirements, and advantages. Asking, “what type of mortgage is best for me?” is crucial during the home-buying journey. Your lender […]
There are many compelling reasons you might want to refinance your mortgage – to obtain a better interest rate, to shorten the length of the loan term, to switch mortgage types. But to do that, you need to first choose the mortgage refinance lender that’s best for you. The right lender will help you structure […]
If the word “retirement” resonates with you, you’re not alone. Retirees are enjoying long-awaited travel pursuits, moves to places they’ve been dreaming of and finally being able to check things off their bucket lists. Some of them are paying for these endeavors by taking out a reverse mortgage, which allows certain homeowners to tap into […]
You’ve searched and finally found a home to buy. But now, your lender throws you a curveball and requires that you pay for Private Mortgage Insurance (PMI). So, what is PMI exactly? Private mortgage insurance (PMI) protects the lender financially if you stop making payments and default on your home loan. The insurance may be […]
Conventional mortgages dominate the U.S. housing market and are often the first type that comes to mind for borrowers. This mortgage type, considered traditional and standard, offers numerous benefits. But what exactly is a conventional loan and what makes it advantageous? A conventional mortgage lacks backing or guarantees from government agencies like the VA, USDA, […]
Ever wonder what it would be like to own your house free and clear? No mortgage loan. No monthly house payments to a lender. To use the money that’s earmarked for the monthly mortgage payments and put it toward college tuition for the kids, retirement savings or even that European vacation you’ve been dreaming about? […]
