Call for an appointment: 305.669.5280

Mortgage Law

For most people mortgage law is complex and difficult to digest, and a mortgage is most likely the largest loan they will ever take on.

For most homeowners, the mortgage payment is usually the largest monthly expense to the household.  Therefore, decisions regarding interest rates and costs for closing should not be made without sound legal advice.

At the Law Offices of Jacqueline A. Salcines, P.A. we are proud to say that ALL closing are handled personally by the attorney.  Jacqueline A. Salcines, Esq. prides herself in acknowledging that for the past 12 years, not one loan in her office was ever closed by anyone other than herself.

She assists each and every closing and acts as settlement agent, personally explaining each and every document to be signed by the borrower at the time of closing.  This equates to peace of mind for YOU.

Many consumers are unaware that FLORIDA mortgage law provides that YOU have the right to elect your own attorney and title company.  Many banks erroneously fail to advise their clients of this and the borrowers believe they are locked into using the attorney or title company that works for the bank, and in turn protects the bank’s inerest.

As a borrower, you can not be forced to use anyone’s title company or attorney except the one YOU CHOOSE.  Therefore, why go at it alone?

Why allow a lender’s attorney or title company to perform such important matters such as examination of title and lien searches. We acknowledge mortgage law, By electing the Law Offices of Jacqueline A. Salcines to represent you, you have an attorney on your side, protecting your interests, at a reasonable cost.

This will ensure that title is examined properly and you are purchasing real estate that is free and clear of any liens or issues before you close.  The attorney will personally handle the closing which is typically done at our offices and each and every document is explained in detail to your satisfaction.

If you are in the market for a refinance, you are also have the right to elect your own real estate attorney and title agent.   When you REFINANCE your home, you pay off your existing mortgage and take out a new loan.

Sounds simple right?  But lenders are famous for making their loan packages very difficult for the average and not-so-average consumer to understand.  There are many factors to consider, including costs involved, interest rates, amortization schedules, and numerous financial disclosures that are tedious and personal in nature. Hence the need for a real estate attorney.

Whether you are seeking to refinance your current mortgage, under a traditional program,  the new government HARP 2.0 Refinance Program, or a Reverse Mortgage, at the Law Offices of Jacqueline A. Salcines, P.A., we are here to hold your hand and assist you through the maze of complicated lender terms, mortgage law, and documents in the banking industry.

  • Traditional Mortgage  –   At the Law Offices of Jacqueline A. Salcines, P.A., attorney Jacqueline Salcines will act as liasion between you and your mortgage lender. With our knowledge in mortgage law, we will hold your hand and guide you every step of the way, communicating with the lender to receive all forms and charges well in advance of closing, to ensure that promised interest rates and programs are honored.  We further prepare the HUD-1 Settlement Statement which includes all costs to you at closing, and compare it with the Good Faith Estimate to make sure you are not overcharged.  And, just as important, the closing is done at our office where you will sit with the attorney and sign all documents while they are explained to you.  Not blindly without knowing what you are signing.  The attorney will personally close your transaction at our office and explain every document in detail so that the closing is smoothe and stress-free.  This equates to peace of mind for you.
  • Traditional Refinance –  On a traditonal refinance, you pay off your existing mortgage loan and take out a new loan.  Typically, equity is required in your home.  For homeowners with equity, you can actually take cash out with the new loan which is paid to you at cloisng and can be used for any purpose you desire.  On these traditional refinances, we will act as a liasion between you and your lender or mortgage broker to weed through  all lender documents, the Note, Mortgage, and all disclosures, assuring that you obtain the best possible terms and costs for your mortgage refinance needs.    Signing a mortgage can be daunting and with a refinance, you will be locked into a loan typically for 30 years that once you sign, there is no turning back.  Allow Jacqueline A. Salcines, Esq. to review all your closing documents before you sign, to ensure that you are getting what your were promised.  The results are a smoothe and stress-free closing and a new leash on life.
  • HARP 2.0 Refinance  –  Under the new government HARP Refinance program, there is no requirement that your home have equity.  This program falls under the Making Homes Affordable Program and permits homeowners that have fallen on bad financial times, REGARDLESS OF EQUITY, to refinance.  Interest rates can be reduced drastically, and bad loans such as interest-only or adjustable interest rate loans can be eliminated and replaced with a better loan. Whats even greater is that there is no longer a requirement that you live in the home. The HARP 2.0 mortgage law program is no longer restricted to owner-occupants but rather second home and investment properties as well.  Allowing the homeowner to reap the rewards of a modification, without actually falling behind or affecting their credit.  This program requires additional forms and agreements.  At The Law Offices of Jacqueline A. Salcines, P.A. we hold your hand through the process to ensure you obtain the best possible rate and terms under this New Program.
  • Reverse Mortgage –   If you’re 62 years of age or older  –  and looking for money to finance a home improvement, pay off credit cards, pay off another mortgage or supplement your income, a reverse mortgage is the solution.  Under a reverse mortgage, you receive money from the lender and generally don’t have to pay it back for as long as you live in yoru home.  The loan is repaid after you die, sell yoru home or when your home is no longer your primary residence.  Even better is the fact that the money that is paid to you is tax-free and there are no income restrictions.  Call us today to see if this program can benefit you or your loved ones.

Call or email us today for a FREE Consultation.