CHEER SQUAD
Rhonda tireless effort to answering any and all my questions guiding me through the entire process. She is just an exceptional Loan officer and i will recommend her and the company to my extended Military family. A+ service from beginning to end. Job well done Ms. Rhonda
Mark B
Jan 13, 2023
Ms Rhonda went above and beyond to help me through this process. Very informative and knowledgeable.
Natasha Z
Jan 03, 2023
Rhonda was awesome!
Jeanell B
Dec 13, 2022
Her hard work, communication at every step of the process. She ensured that my and I got the best possible rates for everything!!!
Troy B
Dec 10, 2022
Mrs. Rhonda went above and beyond from start to finish during this whole process. One of the greatest people I've ever met in my life. She has a great caring and loving soul. Words can't describe what she has done for me to be in my home today. She went above and beyond to make this happen. Mrs. Rhonda does not believe in quittting, if there's a way she will make it happen. She deserves the best and is the best at what she does. I would and will recommend any an everybody to Mrs.Rhonda. Thank you so much for all you have done.
Odilia C
Nov 22, 2022
Professionalism
Bijoly D
Nov 05, 2022
Rhonda went above and beyond to assist us with everything.
Timothy T
Nov 02, 2022
Rhonda Fremin made this experience such a pleasure and so stressless, I wish everyone's experience in buying a home could be like mine. I would definitely recommend her.
Mary L
Nov 02, 2022
Rhonda was there with us throughout the whole process, she was patient, helpful and courteous throughout the process.
Shawnta G
Oct 28, 2022
Everyone was excellent from start to finish
Rachel R
Oct 07, 2022
Rhonda was very friendly and easy to talk to.
Derrick H
Sep 07, 2022
Communicated a lot with me. Eased my mind with everything. I've already recommended Rhonda to several people hoping to buy a home soon
Melissa H
Sep 07, 2022
Rhonda and her team made our transaction so wonderful! Communication and attention to every detail were flawless. Thank you Rhonda for being Amazing
David B
Aug 31, 2022
Rhonda answered any question I had and was extremely helpful in every way!
Danielle S
Aug 03, 2022
She was always easy to communicate with and explained everything so I understood
Cynthia B
Jul 05, 2022
Mrs. Rhonda’s dedication.
Noelle L
Jun 15, 2022
Rhonda worked very hard to help get us into our home!
Carissa M
Jun 13, 2022
Ms Rhonda was awesome, she has been helping us for sometime now n we finally closed on a house and we are beyond great full for everything she did for us
Shawn O
Jun 04, 2022
Rhonda walked us through every step of the process and answered all of my incessant questions while combing through numbers and pages and pages of information.
Alicia M
May 31, 2022
Rhonda was an amazing loan officer very patient and took time out of her day every day to go above and beyond.
Would recommend Rhonda to all my family, friends and clients.
Fadra U
May 02, 2022
MORTGAGE
We want to make your home financing as easy as it can be. With Eustis Mortgage, you can relax while we handle the details.
Get Prequalified before you shop for a house
You can get a loan before you even select a home. A Eustis home mortgage specialist can perform a pre-qualification or pre-approval so that you'll have a good idea of how much you can afford. Once you've found a home, and a seller has accepted your offer, you are ready to move to the Application process.
- You will know the loan amount you qualify for so that you know what home price range to shop
- Save time to narrow the list of homes to ones that fit your price range
- Discover any credit challenges early in the process we can resolve them at the beginning of the process
- Confidently make an offer as soon as you find your dream house
- Sellers will consider your offer more strongly with a prequalification letter over one that is not
- Your agent will ask for this as it improves your chances of getting the house you want
There are no fees or costs to getting pre-qualified, but it is a vital step in the home buying process. Call us today!
What is the difference between Prequalified and Preapproved
Prequalification: This is an overview of your credit profile that is an important step to writing offers for new homes and one we highly recommend. It just means that you have not submitted the documentation that will be required to verify your income, financial statements showing enough assets to close and you have not yet met the underwriting guidelines of the program you are going to select once you find the home of your dreams.
Preapproval: If you have a little more time at the beginning of the process, we always recommend getting Preapproved. A preapproval is the start of the formal application process before you find the property and is more thorough review of your financial position and ability to qualify for a home.
Why get Preapproved for a Mortgage?
- You’ll be able to move faster to find the house you want
- Most of the paperwork will be out of the way so you can close your loan faster
- You will be able to move to the top of the offer stack as your income, assets, and ability to buy has been verified
- Sellers know you will be less likely to have a delay in closing
- In competitive markets, this is another feather in your cap
Mortgage Loan Process
Buying a house is one of the biggest decisions you will make in your lifetime. Our goal is to make the process as smooth and hassle-free as we can. Understanding the process will give you the knowledge you need to get started.
- Step in Getting Prequalified or Preapproved
- Application
- Processing
- Underwriting
- Closing
You can get a loan before you even select a home. One of our home loan experts can perform a pre-qualification or pre-approval so that you’ll have a good idea of how much you can afford. Once you’ve found a home, and a seller has accepted your offer, you are ready to move to the Application process.
Once you’ve selected a home, your home specialist completes the mortgage application, gathers information about the property you want to buy, and collects personal information, such as income, assets, and employment history. For a complete list of information that you need to provide, see the Application checklist.
Once your application is complete, a loan processor reviews your file and verifies your information. We order a credit report to determine your credit history and credit score. We also order an appraisal of the property.
An underwriter reviews your file and determines whether your loan will be granted and issues the loan approval. The underwriter may request additional information during this review process.
Once the loan is approved, the closing process begins. Our closing department prepares closing documents and sends closing instructions to the title agent. The title agent is responsible for examining the title of the property and working with you for an acceptable closing date. At the closing, you’ll sign papers, pay closing costs, and finalize the transaction. Now it’s time to move into your new home.
Lower Payments*. Consolidate Debt. Pull Cash Out.
*By refinancing your existing loan, the total finance charges may be higher over the life of the loan.
Should I refinance my house?
First, start by asking yourself one of these questions.
Has your income increased? Do you need to consolidate debt? Has the equity in your home increased? Do you need money for a major expense? Has your credit rating improved?
If the answer is yes to any of these questions than we encourage you to call one of our home loan experts to give you a refinance evaluation. It costs nothing but could save you thousands of dollars in interest, pay off high balance credit cards, or help pay for college or unexpected expenses.
Knowing your options is the most import part of the refinance decision so Call us today!
What is a Cash-Out Refinance?
¬ As you pay down your mortgage or as home values increase over time, a cash-out refinance allows you to use a portion of your equity and turn it into cash. The great news is you can use that cash however you want. Home improvements, unexpected expenses, college tuition or just to check a destination off your bucket list.
When is the best time to turn that equity into your house and use it as you see fit? That answer is up to you and can be used to fit your current needs.
Some of the more chosen reasons for utilizing a cash-out refinance are to:
- Remodel of you home
- Pay off high-interest credit cards or auto loans, neither of which is tax deductible like mortgage interest
- Help with life events like a growing family
- Bucket List Reduction
- Elimination of student debt
What can you do to update/upgrade your house with a Renovation Loan?
A renovation loan will let you do almost anything with your home. Some loans are used on smaller projects like ordinary repairs or cosmetic updates. These types of renovations loans typically don’t have minimum loan requirements for the repairs or upgrades you want to make to your home. These loans are limited to non-structural repairs with maximum loan amounts around $30,000.
With these types of loan, you can improve things like:
- Repairing or replacing your roof and gutters
- Redesigning your kitchen or bath
- Landscaping or adding a deck
- Buying new appliances
- Getting new windows, doors or floors
- Making your home energy efficient
- Upgrading plumbing, electrical, heating or cooling systems
- Ask a home loan expert (bolded and hyperlinked to find a loan officer)
Need to do more extensive renovation? We got you covered!
We have other programs that are specifically intended to make major repairs or changes to your home. These will have a minimum loan amount but the good news is you can borrow up to the value of your property plus repairs/renovation. Here are some examples:
- Room additions or adding a second floor
- Major remodeling that requires structural work
- Foundation or other structural repairs
- Projects over six months
What is the difference between a fixed-rate and an ARM mortgage?
A fixed-rate mortgage offers an interest rate that is steady throughout the life of the loan. Fixed-rate mortgages offer the security of always knowing exactly what your monthly loan payment will be. The interest on ARMs can fluctuate (up or down) periodically. The interest rate on ARMs offers an opportunity to save on interest costs. However, you are protected from rates getting too high, because a safe ARM has annual and lifetime rate caps, which limit how high your rate may go.
KNOWLEDGE CENTER
MORTGAGE PAYMENT CALCULATOR
Estimate your monthly mortgage payment using the calculator below. Simply enter the purchase price of the home, loan term, and details about the home loan. Please note that escrow for taxes and insurance is not required for loans with down payments more than 20 percent. Some of this information may be difficult to determine on your own; please contact a mortgage specialist to review the most accurate monthly mortgage payment for the area you are purchasing.