I’m a mortgage specialist with an interest in rebuilding an industry that has had a dark cloud over it for years. For over six years, I’ve been helping people find their perfect mortgage. I do consulting for first time home buyers, seasoned investors, and anywhere in between.
When I’m not on the job, I love spending time with my fiance, exploring with our dogs, working my way through every recipe in the family cookbook, and indulging my love for seeing new places.
If you’d like to learn more about how my services can help you, please reach out via text, email, or call.
Michael is extremely committed to customer service. In fact you can contact him direct on his cell any time at 561-628-2753
You don’t have to be tech savvy to use our new smart phone app – check out Michael’s free mortgage app which can be downloaded right to your smart phone or tablet. Get the process started today!
Whether it’s a purchase or refinance, you will receive the utmost in service from Michael Misenar!
Check out this quick video for mortgage Do’s & Don’ts from Michael! https://www.youtube.com/watch?v=N1FtTrikUPM
Jumbo mortgages are home loans that exceed conforming loan limits which is is $453,100 in most areas of the country.
Balloon mortgage loans are short-term fixed-rate loans with fixed monthly payments for a set number of years – followed by one large final balloon payment for the remainder of the principal.
The interest rate on this loan will be fixed for a stated period of time and will then become adjustable for the remainder of the loan.
A fixed-rate, conventional mortgage offers an interest rate that won’t change for the life of your loan and conforms to federal guidelines for the size of the mortgage and your financial situation.
Rural Development loans are offered in rural areas as determined by the USDA. The USDA’s mission is to help lower income households obtain home loans at reasonable mortgage rates.
VA Loans are mortgage loans made by an approved lender and guaranteed by the Department of Veterans Affairs. VA loans are made eligible to veterans and those currently serving in the military, and often have lower down payment requirements than other types of loans.
FHA loans are designed to make housing more affordable, particularly for first-time homebuyers and are insured by US Dept. of Housing & Urban Development.
Application Fee – An application fee may frequently include charges for property appraisal and a credit report. Appraisal Fee – A fee charged by an appraiser to render an opinion of market value as of a specific date. Required by most lenders to obtain a loan. Processing Fee – This fee is paid at closing. […]
Mortgage brokers are federally licensed firms or individuals who sell loan programs on behalf of lenders. Mortgage brokers facilitate your search for the most suitable mortgage product – but do not process any loans – every loan is sent to the lender (banker) for processing. In comparison, Mortgage lenders (bankers) originates the mortgage loan, loaning you […]
A commitment you obtain from a lender assuring you a particular interest rate or feature for a definite time period. Provides protection should interest rates rise between the time you apply for a loan, acquire loan approval, and, subsequently, close the loan and receive the funds you have borrowed.
A ratio determined by dividing the sales price or appraised value into the loan amount, expressed as a percentage. For example, with a sales price of $100,000 and a mortgage loan of $80,000, your loan to value ratio would be 80%. Loans with an LTV over 80% may require Private Mortgage Insurance.
A one-time charge imposed by the lender to lower the rate at which the lender would otherwise offer the loan to you. Each point is equal to one percent (1%) of the mortgage amount. For example, if a lender charges two points on a $80,000 loan this amounts to a charge of $1,600.
Interest Rate – The interest rate is the cost of borrowing the principal loan amount. It can be variable or fixed, but it’s always expressed as a percentage. Annual Percentage Rate (APR) – The cost of credit on a yearly basis, expressed as a percentage. Required to be disclosed by the lender under the federal Truth […]
The Loan Approval Process is relatively simple but can seem very mysterious if it is never explained to you. The best news ever is that it takes less and less time these days. No matter how fast, however, every mortgage application has to go through these steps:
The Disclosure is designed to give you information about the costs of your loan so that you may compare these costs with those of other loan programs or lenders.
Private Mortgage Insurance is provided by a private mortgage insurance company to protect lenders against loss if a borrower defaults. Private Mortgage Insurance is generally required for a loan with an initial loan to value (LTV) percentage in excess of 80%. In most cases, this will mean that you will have to pay Private Mortgage […]
An escrow account is a separate account that holds funds for the purpose of paying bills such as homeowner’s insurance and property taxes. Funds to cover these expenses are deposited into the account each month along with your monthly payment and then pays the bills for you when they come due. By taking the annual […]
These important distinctions mean that Cason empowers me to offer the best programs and tools in the industry, in addition to exceptional support, specialized products and very competitive rates that are unique to Cason Home Loans.