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150 2nd Ave N #570, St. Petersburg, FL 33701    |    (727) 202-5626

Motto Mortgage Advisors

Welcome to the official site of Motto Mortgage Advisors. Our mission is to provide personal guidance to our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.

NMLS# 1744233

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Fixed Rate Mortgages (FRM)
The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan’s lifetime.

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Adjustable Rate Mortgages (ARM)
Adjustable-rate mortgages include interest payments which shift during the loan’s term, depending on current market conditions. Typically, these loans carry a fixed-interest rate for a set period of time before adjusting.

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Hybrid ARMs (3/1 ARM, 5/1 ARM, 7/1 ARM, 10/1 ARM)
Hybrid ARM mortgages combine features of both fixed-rate and adjustable rate mortgages and are also known as fixed-period ARMs.

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HARP 2.0
HARP 2.0 is a refinance option for homeowners that are "underwater," meaning they owe more on their home than their home is worth.

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FHA Loans
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.

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VA Loans
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no down payment requirement. This program was designed to help military veterans realize the American dream of home ownership.

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Interest Only Mortgages
Interest only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than the principle, for a specified period of time.

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Components of an ARM
Prior to choosing a home loan, you should know the advantages and risks of adjustable-rate mortgages to make an informed, prudent decision.

Commonly Used Indexes for ARMs
This article includes a list of the most commonly used indexes by ARM lenders that affect ARM mortgage rates.

Balloon Mortgages
Balloon mortgages include a note rate that remains fixed initially, and the principal balance becomes due at the end of the mortgage term.

Reverse Mortgages
Reverse Mortgages allow senior homeowners to convert a portion of their home equity into cash while still living in the home.

Graduated Payment Mortgages
Graduated Payment Mortgages are loans in which mortgage payments increase annually for a predetermined period of time (e.g. five or ten years) and becomes fixed for the remaining duration of the loan.

What kind of loan program is best for you?
Should you get a fixed-rate or adjustable rate mortgage? A conventional loan or a government loan? Deciding which mortgage product is best for you will depend largely on your unique circumstances, and there is no one correct answer.

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Get a Quote

Let our knowledge guide you home. Contact us to tap into the expertise of our dedicated loan originators.
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Should I refinance?
Calculates the total cost and savings of your refinance transaction.

Which loan is better?
Compares two loans side by side (total amount paid per loan including all costs).

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How much will my principal be?
Calculates how much your principal balance will be after certain number of years of payment.

What are the tax benefits of buying?
Estimates how much money you will save in taxes when you buy a home.

How much income to qualify?
Calculates what your gross monthly income should be in order to qualify for the home you want.

How long will my mortgage last if I pay more every month?
Calculates how long your mortgage will last if you make monthly payments that are larger than your monthly principal plus interest.

How much home can I afford?
Calculates how much home you can afford based on your monthly income, debt and other factors such as down payment and lending ratios.

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Should I pay points?
Calculates your monthly savings (resulting from the lower interest rate) as well as the breakeven point for the upfront cost of point(s) paid.

What is my APR?
Calculates the APR of your loan.

Standard vs. Bi-weekly
Calculates your savings in interest paid as well as the length of your loan if you were to make bi-weekly payments as opposed to monthly payments.

Rent vs. Buy Calculator
Calculates if you are better off buying a home, or if you should continue to rent.

DISCLAIMER

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

150 2nd Ave N #570, St. Petersburg, FL 33701    |    (727) 202-5626