Your Local Mortgage Lender
Located in Tampa, Florida
Personalized Mortgage Experience
Moses Alford offers personalized service and loan options you'll love. We shop multiple lenders to find the best rate and product for you, getting you into your dream home faster.
With wholesale interest rates and cutting-edge technology, we make the mortgage process seamless. Trust the experts who focus solely on mortgages. Support your local community and experience elite client service.
Let us help you achieve your homeownership dreams!
The Home Loan Process
Mortgage Pre-Approval
Get pre-approved from one of our Loan Officers to see how much you can afford.
House Shopping
Work with a trusted Real Estate Agent to find a home you would like to move into.
Loan Application
Complete your home loan application to get the lending process started.
Don't take my word for it
Mortgage Programs
Experience the best mortgage experience located in Tampa, Florida.
Home Loan Options
Our experienced mortgage advisors will walk you through the best mortgage loan program that will fit your specific scenario.
Conventional Home Loans.
FHA Home Loans.
USDA Home Loans.
VA Home Loans.
Frequently Asked Questions
How often can I refinance my mortgage?
There is no limit to the number of times you can refinance. However, you must qualify every time you apply and there will be costs associated with closing the loan each time.
Can I buy a home if I do not have money for a down payment?
Yes! There are a number of bond programs that offer low or no down payment financing options.
How do I know which mortgage is right for me?
The key to choosing the right mortgage is to understand the range of options and features available to you, as well as your budget, circumstances, and goals. Our licensed mortgage professionals are here to help you navigate that process. The more you know, the more comfortable and confident you will be choosing the best option for you and your family.
How long will the loan process take?
The Truth in Lending Act (TILA) does not permit a lender to close a loan until at least seven (7) business days have passed from the date your application was received. A typical home loan takes 30 days, as a number of third-party services such as appraisals, title work, and credit are required in conjunction with the mortgage process. Once you familiarize your Loan Officer with the details of your specific loan scenario, they will be able to provide you with a more specific timeline.
Will I qualify for a home loan?
The only way to find out is to speak with a qualified mortgage professional. Our Loan Officers have helped numerous clients who didn’t know if they could qualify to become home owners. We take the time to understand your financial situation and long-term financial goals, and then match you with the loan program that best fits your needs. Your approval for a loan may also largely depend on the price of the home you are financing. Getting pre-qualified prior to beginning your home search can give you an idea of what you may be able to afford.
Why do people refinance their mortgages?
Homeowners typically refinance to save money, either by obtaining a lower interest rate or by reducing the term of their loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts.
How much money will I have to pay upfront to buy a home?
This question does not have a simple, one-size-fits-all answer. The exact amount will depend on the price of the home you buy as well the type of mortgage financing you choose. Depending on your loan program, your down payment could be as much as 20% of the home’s price or as little as 3%, while some loans require no down payment at all.
Can I get a mortgage after bankruptcy?
You may still qualify for a home loan even if you have experienced a bankruptcy. The best way to find out if you qualify is to talk with a Loan Officer to discuss your options. Be sure to bring all paperwork regarding your bankruptcy so your Loan Officer can find the program that best fits your situation.
Should I lock my interest rate now, or wait until we are closer to our closing?
Interest rates fluctuate all day, every day. If an interest rate is good, it may be in your best interest to lock now. If you wait, you run the risk of an increase in rates later. If you are concerned that rates may go down after you lock, contact your Loan Officer to discuss your options. Some programs allow you to lock for an extended period and choose to lower your rate should a better one become available.
Most Recent Blog Updates
Your Home Equity Does Not Have to Sit There and Here Is How to Put It to Work Strategically
The Asset Most Homeowners Are Not Using
If you have owned your home for a few years there is a good chance you are sitting on something genuinely valuable. Equity. And that equity does not have to just sit there looking pretty on a Zillow estimate while inflation erodes the purchasing power of everything else you own.
Depending on your situation there are real strategies for putting that equity to work in ways that move you closer to your financial goals.
The Two Main Tools for Accessing Home Equity
A cash-out refinance replaces your existing mortgage with a new loan at a higher balance and you receive the difference in cash. This can make sense when rates are favorable relative to your current mortgage or when you want to consolidate the equity access into a single loan structure.
A HELOC is a home equity line of credit and Moses Alford is particularly enthusiastic about this option for one specific reason. Flexibility. A HELOC gives you access to a credit line and you typically only pay interest on the money you actually draw from it. If you need fifty thousand dollars of a hundred thousand dollar line you only pay interest on the fifty thousand you used. If you pay it back and do not draw again the carrying cost drops to zero. The line remains available for when you need it without costing you if you do not.
What Homeowners Are Using Equity For Right Now
Home renovation projects that increase the property's value and livability. Consolidating high-interest credit card debt into a significantly lower-rate product that reduces monthly obligations and accelerates payoff. Investing in a business where the return on the capital exceeds the cost of accessing it. Funding the down payment on an investment property or a second home without liquidating other assets or retirement accounts.
Each of these applications has a logic that makes sense under specific circumstances and a different set of numbers that need to be evaluated before the decision is made.
What This Does Not Mean
Your home is not an ATM. Moses Alford is direct about that and it matters. Accessing equity is a financial decision that comes with real obligations and the numbers have to make sense before any of this is worth pursuing.
If tapping equity to consolidate debt results in spending up those credit cards again the net position is worse not better. If a renovation does not return its cost in value the equity is spent rather than deployed. If the monthly obligation on the new line or loan strains the budget the flexibility that equity represents becomes a burden instead of a tool.
The strategy should actually move you closer to your financial goals. That test applies before any equity access decision is made.
Your Home Has Been Quietly Building Wealth
The equity your home has accumulated over the years you have owned it has been working in the background without requiring anything from you. The question worth asking is whether that equity has the right job right now or whether it is simply waiting when it could be doing something useful.
Call Moses Alford at 813-819-0222 to run the numbers on your specific situation and find out whether accessing your equity makes sense and what the right tool for doing it looks like given your goals.
Sources
ConsumerFinancialProtectionBureau.gov
FannieMae.com
MortgageNewsDaily.com
Investopedia.com
BankRate.com
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