Marcello Albuquerque
Loan Officer NMLS 2181704
My Belief & Hard Skills
When you come to me for your mortgage, I begin by listening. I want to understand your goals and priorities so I can offer a home loan that’s right for you. You may be a first-time homebuyer or a long-time homeowner. You may be buying an investment property or looking for a renovation loan.
I offer a wide range of loan programs, from FHA and VA to conventional, jumbo and Foreign National. You are an individual and my recommendations will respect your unique circumstances. Communication is key, and sharing information is as important as listening. I will make sure you know what’s happening with your mortgage as it progresses through the process and will be available to answer your questions.
I’ll be with you every step of the way, from application to closing and beyond. Whether you are buying, refinancing, or renovating. I am always available to answer your questions. My goal is to guide you to a better place and yet give you the outstanding home loan experience you deserve.
Step-by-Step Guide to Qualifying for the Home Buying Process
Download your free Step-by-Step Guide today!
Get a quote without a hard inquiry to your personal credit.
We welcome and celebrate different perspectives to help our clients. Leave your slow, old-school bank in the dust. Join the future of mortgages.
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.
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
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
- 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!
.
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.
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...
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.
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.
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.
Mortgage calculator
Get a sense of the costs of buying a home with our monthly mortgage calculator.
