Notes from Tony Fitzgerald's desk on how Florida mortgages actually work — the escrow resets, the homestead deadlines, and the details nobody mentions at the closing table. Written for Sarasota, Bradenton, and the Gulf Coast.
A parent who co-signs your mortgage usually becomes a full borrower, not a backup signature. Here is how FHA and conventional loans handle a non-occupant co-borrower, and what it does to the parent's own borrowing down the road.
Most agent videos die on take nine. One take means one recording session, not one flawless run. Flub the line, keep rolling, then delete the mistake off the transcript and the video cuts itself. Here is how I teach it.
Found your next home before selling this one? A contingent offer, a bridge loan, a HELOC opened before you list, qualifying with both payments, or a rent-back. Each one trades a different risk. Here is the plain-English version.
Deferred loans and income-driven plans showing a zero payment still count in a mortgage approval. Fannie Mae, Freddie Mac, FHA and VA each use a different number, and it may not match your credit report. Here is how it works.
Tony Fitzgerald · NMLS #1284924 · 1st Response Mortgage · powered by Mpire Financial Group LLC · NMLS #2108504 · Florida License #MLD2467 · Mortgage Broker · Sarasota, FL · (941) 941-5150