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Refinance Advisor

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Purchase Assistant

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Debt Eliminator

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  • Bad Credit Home Loans

    Consumers in search of bad credit home loans may be surprised to discover they have multiple options. While homebuyers with excellent credit qualify for mortgages with the most favorable terms, there are several programs and loans available for prospective homeowners buying a home with bad credit.


    • A home equity loan—also known as an equity loan, home equity installment loan, or second mortgage—is a type of consumer debt. Home equity loans allow homeowners to borrow against the equity in their home. The loan amount is based on the difference between the home’s current market value and the homeowner’s mortgage balance due. Home equity loans tend to be fixed-rate, while the typical alternative, home equity lines of credit (HELOCs), generally have variable rates.

    • A private mortgage is a loan created between private individuals for the purchase of real estate. The lender, who could be a friend, family member, colleague, or investment firm, will loan the money to the borrower just as a bank would, securing themselves with a mortgage note or comparable contract. The loan is then paid back over time through monthly principal and interest (P&I) payments, earning the lender interest on the original principal balance.

    • Aportfolio loan is a kind of mortgage that a lender originates and retains instead of offloading on the secondary mortgage market. Because a portfolio loan is kept in the lender’s portfolio, or “on the books,” the lender sets the standards — and sometimes favorably for borrowers.

  • New Home Buyers

    Buying a home is still considered a key aspect of the American dream. As a first-time buyer, you have access to state programs, tax breaks, and federally backed loans if you don't have the usual minimum down payment—ideally 20% of the purchase price for a conventional loan—or you're a member of a certain group (see the Important callout below). And you may qualify as a first-time buyer even if you're not a novice.

    First-time homebuyer costs can seem overwhelming. But, luckily, there are several options for assistance with your down payment and closing costs, including charitable and government-sponsored programs. Local and federal tax credits can lessen the bite, and there are also educational programs that can offer help at every step.

  • Traditional Loans

    A conventional mortgage or conventional loan is any type of home buyer’s loan that is not offered or secured by a government entity. Instead, conventional mortgages are available through private lenders, such as banks, credit unions, and mortgage companies. However, some conventional mortgages can be guaranteed by two government-sponsored enterprises; the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).

    Conventional mortgages typically have a fixed rate of interest, which means that the interest rate does not change throughout the life of the loan. Conventional mortgages or loans are not guaranteed by the federal government and as a result, typically have stricter lending requirements by banks and creditors.

  • Reverse Mortgage

    A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthly mortgage payments. Borrowers are still responsible for property taxes and homeowner's insurance. Reverse mortgages allow elders to access the home equity they have built up in their homes now, and defer payment of the loan until they die, sell, or move out of the home. Because there are no required mortgage payments on a reverse mortgage, the interest is added to the loan balance each month. The rising loan balance can eventually grow to exceed the value of the home, particularly in times of declining home values or if the borrower continues to live in the home for many years. However, the borrower (or the borrower's estate) is generally not required to repay any additional loan balance in excess of the value of the home.

Customer Testimonials

I've been in the mortgage business for 20 years. Brad Siebert is on of the most capable brokers I've worked with in that time. If your looking for a loan, go see Brad at The Mortgage Firm

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Jeremy DormanFlorida

Brad was able to make happen what other companies couldn’t to get my home. Scarlott was amazing and friendly through the whole process and very informative. Highly recommended!

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Michael SternFlorida
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Latest Blogs

16 May

Unlocking Opportunities for Eligible Veterans and Service Members Through VA Loans

VA loans provide a valuable opportunity for eligible veterans and service members to achieve their homeownership dreams. Backed by the U.S. Department of Veterans Affairs, these loans offer numerous benefits and flexible terms that make homeownership more accessible. In this blog post, we will delve into the details of VA loans, including how they work, […]

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27 Apr

Fixed vs. Variable Mortgage Rates: Which is Best for You?

If you’re in the market for a mortgage, one of the most significant decisions you’ll need to make is whether to opt for a fixed or variable mortgage rate. Both options have their pros and cons, and the best choice for you will depend on your unique financial situation and risk tolerance. In this blog, […]

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13 Apr

How to Improve Your Credit Score to Get the Best Mortgage Rates

Aspiring homeowners know that obtaining a mortgage is a significant financial decision. One crucial factor that can greatly impact the cost of borrowing is your credit score. Lenders use credit scores to assess your creditworthiness and determine the interest rate on your mortgage. Therefore, it’s essential to understand how to improve your credit score to […]

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