What is the FHA 203(h)?  This is a specialty FHA loan program that provides up to 100% financing to help victims of disasters purchase new properties or rebuild after their homes have been substantially damaged.  This program is available for Hurricane Ian victims and people affected by other qualifying natural disasters. Causes can include hurricanes,…

Getting divorced and looking into options for your home?  One of the biggest items divorcing couples have to discuss is their home. In most divorce cases, couples have to decide whether  to refinance the mortgage or sell the home. Whether you are using attorneys to settle your divorce, or you are working through it together,…

Self-Employed and 1099 home buyers face additional challenges with income calculations to qualify for mortgage loan financing.  Conventional, FHA, & VA lenders require all pages of tax returns, business & personal.  Many self-employed applicants do not qualify for a variety of reasons, or they don’t qualify for a large enough loan they desire.  For self-employed…

Should you Consider a Cash-Out Refinance? Mortgage rates are at all time lows and it’s a great time to consider refinance options. You may be able to get lower rate, lower payment, and take cash out all at the same time. What would you do with an extra $10k-50k dollars funds if you had it?…

If you currently own a home and there is equity available in the home you can take out a cash loan for more than your current home loan and the difference goes to you in cash. If you decide you want to refinance and get cash out of your home, you will need to speak…

The main factor that lenders consider when it comes to determining the amount and the rate at which you borrow funds is your credit score. Your credit score is determined by your credit worthiness, or how likely it is that you will be able to repay the amount of money loaned to you. Many people…

Buying a home is a major decision for anyone no matter how you choose to fund the purchase, but if you are looking outside of the traditional mortgage options, you might run into even more questions.  We at JZ Mortgage Services, Inc want to make sure you have all the information you need to move…

Renovation loans can be useful to those who are on the hunt for a home and realize they just can’t afford the home they want. It can be hard to find everything you want in a home, but if you use a homestyle renovation loan, you can fix up a home so that it has…

If you are considering buying a home but have concerns you won’t qualify for a loan because you happen to be self-employed, don’t worry because we are here to help. We can assist with getting you all the information needed to get you qualified for a mortgage and answer any questions you might have about…

A jumbo loan is a type of loan used to purchase a home when the limits of government-backed loans aren’t enough to cover the cost. There is a limit on mortgages which is set by Fannie Mae and Freddie Mac, when those limits are exceeded, you will find yourself in need of a jumbo loan.…