Address: 2031 Harrison St, Hollywood, FL 33020, USA
Phone: +19548543394
Sunday: 8AM–8PM
Monday: 8AM–8PM
Tuesday: 8AM–8PM
Wednesday: 8AM–8PM
Thursday: 8AM–8PM
Friday: 8AM–8PM
Saturday: 8AM–8PM
Dudley Eager
I worked with Lucas lending for about 1 month in an attempt to get a cash out refi on a house I own. He took us through the process and explained everything to me and my wife patiently. Any questions we had he answered and he was extremely responsive when emailed, text, or called. If I had to go through this process again he would be the first one I'd call!
Lena Levine
Raving review incoming! TLDR: Lucas is one of the most professional, thorough mortgage brokers you’ll meet with outstanding communication and customer service skills! If I could give him 10 stars, I would. Highly recommend. I worked with Lucas on lining up financing for my property in Miami. My challenge was securing funding as a business owner with variable sources of income. Lucas was able to find a financing option that fit my situation and educate me along the way. This was my first time purchasing a property in Florida so I had to get familiar not only with the financing offer structure but also with the closing process components overall. Lucas provided a detailed walkthrough of different lending options via loom recordings which I could rewatch multiple times to fully comprehend the information. Lucas's communication was always on time and to the point. I felt like he had my back the whole time. Lucas made sure that the deal was moving forward at a proper pace and helped to resolve any questions and roadblocks promptly. I recommend Lucas to anyone looking to secure funding for their next real estate purchase!
Lissette Melendez
Lucas is one of the most knowledgeable brokers I have worked with. He is constantly keeping his clients up to date with the latest industry changes, an excellent communicator and is always just a phone call or text away. He always works hard for his clients and ensures they are on the best path for their situation. As a realtor, I know my clients are good hands with Lucas. In fact, I trust Lucas to help my own family and friends.
mnmartin m
Lucas has been very thorough and true to us from the very beginning. It was a struggle for us when we decided to buy our first house considering we are very new in Florida. Trusting a person for the first time you met is a big lift of faith. That was with Lucas and he never let us down. He knows what is good for you and he will definitely take care of your interest.
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Brokers will generally have very competitive rates and have access to amongst the cheapest options available. Brokers get access to wholesale rates which are much cheaper than the retail rates that a regular consumer would have access to themselves.
There is no wrong answer to this. Generally the earlier the better. It can be when you are just first considering buying, even though you don't plan on house-shopping right away. This will help ensure that you are on the right track to have a loan approval whenever you are ready. You should always have a mortgage pre-approval before going out to look for homes to buy.
Mortgage brokers are generally local and small businesses. The service and rates you can get through a broker are normally better than that of a bank. Brokers also work with several banks and lenders so they will have more options than just the one bank. Also, brokers get access to what are called "Wholesale" rates versus the "Retail" rates of banks. This normally results in the lower rates that you will find by working with a broker.
Brokers are generally compensated through what's called "Lender Paid Compensation" and it is a percentage of the loan amount. In some cases, brokers will be compensated through what's called "Borrower Paid Compensation", generally when it is a less common loan type. This is where the fee is paid upfront. Lenders can sometimes offer lender credits to cover the broker's compensation. In all cases the broker is only compensated once the loan is closed and funded.
Mortgage brokers are financial professionals who work with a number of lenders to offer a wide range of loan programs to consumers. These brokers match borrowers with specific lenders and loan programs that best meet their needs for a fee or commission.
A conventional loan is a mortgage loan that's not backed by a government agency. Conventional loans are broken down into "conforming" and "non-conforming" loans. Conforming loans are loans that fit within the guidelines set forth by Fannie Mae and/or Freddie Mac.
Refinancing is the process of paying off your existing mortgage with a new mortgage. Typically, you refinance your mortgage to reduce your interest rate and monthly payment or change the length (or term) of your mortgage. You may also refinance to take cash out from your home’s equity.
A jumbo loan is a loan that exceeds the conforming loan limits as set by Fannie Mae and Freddie Mac. As of 2021, the limit is $548,250 for most of the US, apart from Alaska, Hawaii, Guam, and the U.S. Virgin Islands, where the limit is $822,373. Rates tend to be a bit higher on jumbo loans because lenders generally have a higher risk There are many benefits, including:financing available up to $2.5 million; the convenience of one loan for the entire loan amount instead of having multiple mortgages; competitive pricing… and more.
A VA loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA). The loan may be issued by qualified lenders. The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry). There are many benefits, as taken directly from the Veterans Affairs site: no down payment required (unless required by the lender or the purchase price is more than the reasonable value of the property);buyer informed of reasonable value;negotiable interest rate… and more.
An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). Essentially, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments. Typically an FHA loan is one of the easiest types of mortgage loans to qualify for because it requires a low down payment and you can have less-than-perfect credit. An FHA down payment of 3.5%is required. Borrowers who cannot afford a traditional down payment of 20% or can’t get approved for private mortgage insurance should look into FHA loans.
The traditional 30-year fixed-rate mortgage has a constant interest rate and monthly payments that never change. This may be a good choice if you plan to stay in your home for seven years or longer. If you plan to move within seven years, then stable-rate loans are usually cheaper. As a rule of thumb, it may be harder to qualify for fixed-rate loans than for adjustable rate loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.
This loan is fully amortized over a 15-year period and features constant monthly payments. It offers all the advantages of the 30-year loan, plus a lower interest rate and you’ll own your home twice as fast. The disadvantage is that, with a 15-year loan, you commit to a higher monthly payment. Many borrowers opt for a 30-year fixed-rate loan and voluntarily make larger payments that will pay off their loan in 15 years. This approach is often safer than committing to a higher monthly payment, since the difference in interest rates isn’t that great.
Lucas Faillace - C2 Financial Corporation located is conveniently located at 2031 Harrison St, Hollywood, FL 33020
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