Your Local Mortgage Lender
Located in Parkland, Florida
Personalized Mortgage Experience
Brian Faeth offers personalized service and loan options you'll love. We shop multiple lenders to find the best rate and product for you, getting you into your dream home faster.
With wholesale interest rates and cutting-edge technology, we make the mortgage process seamless. Trust the experts who focus solely on mortgages. Support your local community and experience elite client service.
Let us help you achieve your homeownership dreams!
The Home Loan Process
Mortgage Pre-Approval
Get pre-approved from one of our Loan Officers to see how much you can afford.
House Shopping
Work with a trusted Real Estate Agent to find a home you would like to move into.
Loan Application
Complete your home loan application to get the lending process started.
Don't take my word for it
Mortgage Programs
Experience the best mortgage experience located in Parkland, Florida.
Home Loan Options
Our experienced mortgage advisors will walk you through the best mortgage loan program that will fit your specific scenario.
Conventional Home Loans.
FHA Home Loans.
USDA Home Loans.
VA Home Loans.
Frequently Asked Questions
How often can I refinance my mortgage?
There is no limit to the number of times you can refinance. However, you must qualify every time you apply and there will be costs associated with closing the loan each time.
Can I buy a home if I do not have money for a down payment?
Yes! There are a number of bond programs that offer low or no down payment financing options.
How do I know which mortgage is right for me?
The key to choosing the right mortgage is to understand the range of options and features available to you, as well as your budget, circumstances, and goals. Our licensed mortgage professionals are here to help you navigate that process. The more you know, the more comfortable and confident you will be choosing the best option for you and your family.
How long will the loan process take?
The Truth in Lending Act (TILA) does not permit a lender to close a loan until at least seven (7) business days have passed from the date your application was received. A typical home loan takes 30 days, as a number of third-party services such as appraisals, title work, and credit are required in conjunction with the mortgage process. Once you familiarize your Loan Officer with the details of your specific loan scenario, they will be able to provide you with a more specific timeline.
Will I qualify for a home loan?
The only way to find out is to speak with a qualified mortgage professional. Our Loan Officers have helped numerous clients who didn’t know if they could qualify to become home owners. We take the time to understand your financial situation and long-term financial goals, and then match you with the loan program that best fits your needs. Your approval for a loan may also largely depend on the price of the home you are financing. Getting pre-qualified prior to beginning your home search can give you an idea of what you may be able to afford.
Why do people refinance their mortgages?
Homeowners typically refinance to save money, either by obtaining a lower interest rate or by reducing the term of their loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts.
How much money will I have to pay upfront to buy a home?
This question does not have a simple, one-size-fits-all answer. The exact amount will depend on the price of the home you buy as well the type of mortgage financing you choose. Depending on your loan program, your down payment could be as much as 20% of the home’s price or as little as 3%, while some loans require no down payment at all.
Can I get a mortgage after bankruptcy?
You may still qualify for a home loan even if you have experienced a bankruptcy. The best way to find out if you qualify is to talk with a Loan Officer to discuss your options. Be sure to bring all paperwork regarding your bankruptcy so your Loan Officer can find the program that best fits your situation.
Should I lock my interest rate now, or wait until we are closer to our closing?
Interest rates fluctuate all day, every day. If an interest rate is good, it may be in your best interest to lock now. If you wait, you run the risk of an increase in rates later. If you are concerned that rates may go down after you lock, contact your Loan Officer to discuss your options. Some programs allow you to lock for an extended period and choose to lower your rate should a better one become available.
Most Recent Blog Updates
You Do Not Need Rates to Drop a Full Point to Benefit From a Refinance and Here Is Why
You Do Not Need Rates to Drop a Full Point to Benefit From a Refinance and Here Is Why
The Refinance Mistake That Is Costing Homeowners Real Money
Most homeowners who think about refinancing are waiting for the same thing. A meaningful rate drop that makes the decision feel obvious. A full percentage point. Maybe more. Something significant enough to justify the process.
While they wait they are leaving real money on the table and in many cases missing refinance opportunities that would have genuinely improved their financial position.
The Math That Changes How You Think About Refinancing
Here is the number most homeowners never actually run. On a $400,000 loan a rate reduction of just half a percent saves over $100 per month. That is $1,200 per year staying in your pocket rather than going to the bank. Over several years that monthly difference compounds into a meaningful sum.
The full percentage point threshold that most homeowners are waiting for is not a rule. It is a mental shortcut that has no mathematical basis in determining whether a refinance makes financial sense for a specific loan and a specific situation. The right question is not whether the rate drop is large enough to feel significant. It is whether the savings justify the cost and how long it takes to break even on the transaction.
As Brian Faeth at Universal Home Lending explains homeowners who run those numbers every twelve months rather than waiting for headlines to tell them it is time consistently find refinance opportunities that homeowners who are waiting for a bigger drop are missing entirely.
The Options Most People Do Not Realize Are Available
The rate reduction is only one reason to consider a refinance and in many situations it is not even the most compelling one.
Shortening the loan term is an option that builds equity faster and reduces the total interest paid over the life of the loan. A homeowner who refinanced into a 30-year mortgage several years ago and is now in a stronger financial position may find that a 15-year or 20-year refinance at current rates produces a monthly payment that is manageable while dramatically accelerating the payoff timeline.
Dropping mortgage insurance is another opportunity that homeowners with accumulated equity sometimes miss. If you have reached 20 percent equity in your home through appreciation, principal paydown, or a combination of both a refinance can restructure the loan in a way that eliminates the mortgage insurance premium that has been adding to your monthly payment. That elimination alone can produce meaningful monthly savings independent of any rate change.
Restructuring to free up cash for investing or other financial goals is a third option that deserves honest evaluation in the context of your overall financial picture. Refinancing to access equity strategically is a different conversation than cash-out for discretionary spending but for homeowners with specific investment goals or high-rate debt to eliminate it is a legitimate reason to evaluate a refinance regardless of where rates are.
Why Running the Numbers Annually Matters
The homeowners who consistently get the most value from their mortgages are not the ones who made a perfect decision at origination and never looked at it again. They are the ones who evaluate the loan periodically against current conditions and ask honestly whether a change would improve their financial position.
Rate environment, home value, equity position, loan balance, and personal financial goals all change over time. A refinance that did not make sense eighteen months ago may make clear financial sense today because one or more of those variables has shifted. And a homeowner who is waiting for a full point rate drop while their equity has been building and their mortgage insurance premiums continue may be missing a break-even analysis that would show a compelling case for acting now.
Brian Faeth at Universal Home Lending will run a quick and honest analysis of your current loan to determine whether refinancing makes sense for your specific situation right now. Send Brian a message to find out whether a move is worth making or whether holding your current loan is still the right call.
Sources
ConsumerFinancialProtectionBureau.gov MortgageNewsDaily.com Investopedia.com FannieMae.com BankRate.com
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