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Understanding Mortgage Payments and How to Calculate Them

by Angel Leon | Mar 5, 2025 | Mortagage Tips

Knowing how to calculate mortgage payments can help you plan for homeownership and budget effectively. Several factors determine your monthly payment, including the loan amount, interest rate, and loan term. Here’s a step-by-step guide to understanding the...

What You Need to Know About Refinancing a Reverse Mortgage

by Angel Leon | Mar 4, 2025 | Home Mortgages

If you have a reverse mortgage, you may be wondering whether refinancing is an option. The good news is that yes, you can refinance a reverse mortgage, and doing so may offer financial benefits depending on your situation. Here’s what you need to know about...

What’s Ahead For Mortgage Rates This Week – March 3rd, 2025

by Angel Leon | Mar 3, 2025 | Financial Reports

The PCE Index has aligned with expectations, and as the Federal Reserve’s preferred measure of inflation, it eases the sense of urgency for policy action. GDP data has also indicated continued economic growth, though this is tempered by future forecasts...

How the Purchase and Refinance Mortgage Process Works

by Angel Leon | Feb 28, 2025 | Home Mortgage Tips

When it comes to home financing, purchasing and refinancing a mortgage share similarities but serve distinct purposes. Understanding how each process works can help you make informed decisions about homeownership and financial planning. The Purchase Mortgage Process...

The Key Details About Home Appraisals That You Might Not Know

by Angel Leon | Feb 27, 2025 | Home Mortgages

A home appraisal is a critical step in the buying, selling, or refinancing process, yet many people don’t fully understand how it works or what factors influence it. Whether you’re a buyer, seller, or homeowner looking to refinance, here are some key...
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Cornerstone First Mortgage, LLC NMLS#173855 

Racheli Refael NMLS# 64918

Branch address:
1471 NE 26th St. Suite 100
Fort Lauderdale, FL 33305

Call 954-800-0330

Racheli Mortgage Team

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