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My Belief & Hard Skills

Gil Carlos De Paula was born and raised in Brazil. He moved to the United States in 1999 and became a U.S. citizen. He is an active member of the local Brazilian Community, providing free seminars and one on one education for first-time home buyers. Furthermore, he is fluent in Portuguese and passionate about helping people improve their quality of life; making him the go-to loan officer for the Brazilian Community.

A licensed Loan Officer since 2015 with the highest level of work ethic imaginable. Gil is very detail oriented and always has a positive attitude. Gil has more than 15 years of customer service experience, plus a wide range of mortgage product knowledge in both, conventional and government loan programs. He’s a Certified Military Home Specialist and is committed to helping his clients achieve the dream of homeownership.

When Gil isn’t helping his clients, he enjoys spending time with his family and friends. He loves playing soccer, bicycling, hiking, and the beach. He’s a local volunteer coach for Stoughton Youth Soccer for the ages 14 & under and is also active in other local charities and organizations.

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Most Popular Questions

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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.

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