Alessio Mello
LOAN OFFICER NMLS 2115536
- FL, MA
My Belief & Hard Skills
As a professional with over 20 years of real estate experience, you can be sure you’re getting the highest quality care with me. I’ve had the pleasure of working in one of the 10 largest banks in America – which taught me more than a little bit about the mortgage industry! Whether you’re buying your first home or ninth, my team and I will make your home financing experience exceptional.
From application to closing, I’m committed to providing the highest quality of service, attention to detail, and clear communication. I’ll start by listening to your homeownership goals and answering your questions about how to achieve them. We’ll discuss the steps between applying for financing and closing your loan. You’ll receive regular loan status updates, and I’ll guide you every step of the way.
No matter if you’re buying, refinancing, or renovating, I’m excited to provide a personalized mortgage plan and help you achieve your dreams.
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faqs
Most Popular Questions
We help you see the world differently, discover opportunities you may never have imagined and achieve results that bridge what is with what can be.
What type of loan program is the best for me?
The many different types of loan programs available can seem overwhelming. Should you choose a fixed rate, adjustable rate, or government loan mortgage? The truth is there is no right answer... Read More
Can I Qualify for a Mortgage with an ITIN Number?
Contrary to popular belief, you do not need a social security number in order to secure a mortgage. You can qualify for a mortgage with an ITIN number as long as you meet the requirements for the loan. Read More
What is The Cost Of Renting Vs. Buying?
- Historically, the choice between renting or buying a home has been a tough decision.
- Looking at the percentage of income needed to rent a median-priced home today (28.8%) vs. the percentage needed to buy a median-priced home (17.1%), the choice becomes obvious.
- Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!
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Will a refinance help get rid of my PMI?
In many cases, yes. As rates have dropped and home values have risen, many homeowners have an opportunity to remove their PMI while reducing their overall monthly payment. Talk to your loan officer about the specific requirements of the loan products you qualify for.
Keep in mind that many loans have a ‘seasoning requirement’ that requires you to wait at least 2 years before you can refinance to get rid of PMI. So if your loan is less than 2 years old, you can request that your PMI be removed with a new refinance but you’re not guaranteed to get approval.
What Does Contingent Mean When Buying a Home?
The Definition of Active Contingent
The true definition of a home that is active contingent is that the home has an offer on it, but the buyer has contingencies on their offer. Continue...
Can You View Active Contingent Homes?
Just because you can view active contingent homes, doesn’t mean you will be able to buy it. If the original buyer is able to clear all of the contingencies, the home changes to pending status and is no longer. Read More.
Will a refinance help get rid of my PMI?
In many cases, yes. As rates have dropped and home values have risen, many homeowners have an opportunity to remove their PMI while reducing their overall monthly payment. Talk to your loan officer about the specific requirements of the loan products you qualify for.
Keep in mind that many loans have a ‘seasoning requirement’ that requires you to wait at least 2 years before you can refinance to get rid of PMI. So if your loan is less than 2 years old, you can request that your PMI be removed with a new refinance but you’re not guaranteed to get approval.
What is a Non-Qm Home loan?
order to better understand a Non-QM, it is helpful to be familiar with the criteria of a qualified mortgage. A qualified mortgage (QM-loan) is a home loan that meets certain standards set forth by the Consumer Protection Act and the Dodd-Frank Wall Street Reform Act, signed by President Obama following the 2008 housing crisis.
The requirements for a qualified mortgage include:
- Verification of income is required, otherwise known as the “ability-to-repay” rule
- The debt ratio cannot exceed 43%
- Points and fees should not exceed 3% of the loan amount
- The loan cannot have risky features such as negative amortization or interest-only
- The loan term cannot exceed 30 years
These guidelines were adopted by the Consumer Financial Protection Bureau (CFPB) to help prevent poor lending practices that sparked the previous financial crisis.
I would like to thank and congratulate the Pilgrims Mortgage team. Everyone is very attentive and competent at what they do. We would especially like to thank Alessio Mello, an extremely capable professional who gave us complete assistance throughout the entire process of financing our house.
Distribuidora J.L.C.
Agradeço Aléssio e equipe pelo atendimento!
Thiago Asturiano A. Fernandes
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