Search results for: fha
2-1 Buydown Loan
Learn About a 2-1 Buydown Loan At North Star Mortgage Network Inc., we understand that navigating the home buying process can be difficult and somewhat intimidating. It’s our goal to provide you with the information you need to make the right decision when it comes to your home financing needs! We have provided the information…
Read MoreCash Out Refinance
Cash Refinance Florida – Access Home Equity Easily If you’ve built equity in your home, a cash refinance Florida loan lets you use that value to reach your goals. At North Star Mortgage Network, we help homeowners refinance quickly, with low rates and a clear, simple process. You can use your home’s equity to remodel,…
Read MoreNon-QM loans
Non-QM Loans in Florida: Bank Statement, No-Ratio, Asset & ITIN Options Self-employed, a 1099 earner, a retiree with assets, an investor, or coming back from a credit setback? Non-QM loans qualify you on how you actually earn, not just your tax returns. North Star compares options from many wholesale lenders. Available for qualified borrowers; program…
Read MoreReverse Mortgage
Reverse Mortgages in Florida: How They Work, Who Qualifies & How Much You Can Get Age 62 or older and want to turn your home equity into cash, with no monthly mortgage payment? A reverse mortgage may fit. You keep your home, and with a HUD-insured HECM you and your heirs never owe more than…
Read MoreUSDA Loan
What is a USDA Loan? A USDA Loan, also known as a USDA Rural Development Guaranteed Housing Loan program, is a government-sponsored home loan program provided by the United States Department of Agriculture (USDA) for people who want to purchase, refinance, or renovate homes in rural areas across the country. USDA Loans are designed to…
Read MoreHurricane Safety Tips and Resources
Hurricanes are among nature’s most powerful and destructive phenomena. On average, 12 tropical storms, 6 of which become hurricanes form over the Atlantic…
Read MoreNON-ARMS LENGTH INCOME CHANGES
By Nathan Young , founder and president of North Star Mortgage Network, Inc. , an independent mortgage brokerage in Jacksonville, Florida.
Read MoreReverse Mortgage Jacksonville: Straight Answers, No Hype
Reverse mortgage Jacksonville guide: you keep the title, heirs keep leftover equity, and the cases where it is the wrong answer.
Read MoreNAR SETTLEMENT BUYER AGENT COMMISSION FAQ
Short answer Since the NAR settlement, buyer agent commission is negotiated directly between the buyer and their agent rather than being assumed from the listing. It can often still be paid by the seller as a concession — but it has to be written into the contract, and concession limits vary by loan program. Call…
Read MoreNAR Settlement: Who Pays the Buyer’s Agent, and How Mortgage Programs Treat It
Short answer After the 2024 NAR settlement, a buyer’s agent can be paid by the seller, by the buyer or by a mix of both. Mortgage programs generally treat the agent’s fee as a closing cost. How much the seller can contribute, and whether down payment assistance can be used to pay it, depends on…
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