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The Mortgage Mashup Blog

The Mortgage Mashup Blog

Join us for discussion on current market news, mortgage trends and anything mortgage/real estate related!

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Happy New Year!

Posted on 4 January, 2016 at 18:15 Comments comments (2302)

Each day I will be posting something new in regards to a food for thought regarding a New Year promise." I like to call it a promise instead of a resolution. Happy 2016!

1. Put your phone away! While at work only look at it when taking a lunch break. This can be such a time killer when trying to be focused on a task at hand. Multi tasking often times, pulls you from the important tasks you are trying to complete. When you are with family/friends keep it stored away and be present with the conversations you’re having. Never take it out when driving a vehicle.

2. Keep in contact with family and friends. From a simple text message “Hello” to an hour FaceTime/Skype chat, be sure to make time for your family and friends.

3. Stay active. The clichest of cliché New Year’s Resolutions, but this year there are no excuses.

4. Try at least one new thing every month. Learning is fun and you might discover a different side of

5.Write down your goals. Writing out your goals will help remind you of where you want to be in 2016 and years ahead.

6. Embrace the word “no.” You are not obligated to do everything. So, learn to say “no” when you

really don’t feel like doing something, especially going to that party for your best friend’s boyfriend’s sister-in law.

7. Do small acts of kindness every week. Giving out compliments or volunteering your time at a local

shelter will make you feel better a lot better about yourself and the world you live in.

8. Ditch that bad habit. Time to say goodbye to those habits that are not doing you any good. See ya never!

9. Save your money. Whether it is for something big or small there is no better feeling than rewarding yourself for all the hard work you do.

10. Relax. Take that vacation or sleep in a few extra hours on the weekend. Make time for you! All the things on your to-do list will still be there, but you need to make time for yourself first.

Yours in Service, 

Vincent Fiordilino

Branch Manager, Perl Mortgage of Jupiter, 561-745-3344

[email protected]


Posted on 4 November, 2015 at 13:40 Comments comments (1732)

The Affordable care act, also known as Obama Care, indicates that average insurance premiums, particularly under ACA programs, are expected to increase by 13%.  I don't know about you, but isn't the whole premise of something that has the name "Affordable" indicated it is supposed to be affordable by average standards?  Companies that provide coverage, are seeing almost a 20% increase.  Self pay customers are seeing a 13%.  I think it is safe to say, the program is not achieving what it is intended to achieve.

You know what is affordable?  Mortgages!  Rates are at all time lows and continue to hold strong.  We have posted our strongest 3 months to date, with new mortgage applications increasing by 13%.  Expect a slight cool off during the holidays, but for the most part, homes continue to fly off the shelf in our local market.  Inventory is definitely not in balance as there is overall a housing shortage, driving prices higher and higher. 

Contact me for a quick quote on any lending product you desire.   Here round the clock via phone and email.  


Vincent J. Fiordilino, Your Lender For Life!


[email protected]

Boss or Leader?

Posted on 16 October, 2015 at 10:50 Comments comments (2223)

I talked about this on my radio show a few months back and saw an article ciculating again that touched on this topic.  It's amazing how many people don't understand the difference between the two:  A boss and A leader. wrote the article Boss or Leader:  Pick One, which you can find here:

But to summarize, I pulled out the main points:

  • A boss drives others; a leader coaches them toward their best performance.
  • A boss instills fear; a leader inspires enthusiasm
  • A boss blames others; a leader works to help repair the damage and understand what happened so it won't occur again.
  • A boss thinks in terms of him or herself; a leader thinks in terms of we.
  • A boss knows how it's done; a leader shows how it's done
  • A boss depends on his or her own authority; a leader depends, along with the entire team, on mutual accountability and trust.
  • A boss uses people; a leader is interested in helping them grow and develop.
  • A boss takes the credit; a leader gives credit to others.
  • A boss is a commander; a leader is more concerned with asking and listening.
  • The boss says Go!; the leader says Let's go!
Which one do you want to work for?  I am a leader, not a boss. 

Yours in service, 

Vincent J. Fiordilino
Branch Manager/Sr. Loan Consultant

Saturday Morning Blues

Posted on 10 October, 2015 at 15:50 Comments comments (3094)

Happy Saturday.  It seems like weekends with young children are filled with busy busy activities.  Not much winding down going on these days, re charging the battery.  To make things even better, scrolling through the internet, we are fed negative after negative piece of information.  While I don't disagree our country is at odds with one another, I think ultimately the feeling of negatively is brought to light by lots of media outlets.  We used to have a rule when I was young, that after 3 negative pieces on the news (murder, robbery, etc) we would change the channel.  Scroll through your basic homepage of lets say Yahoo, or MSN.  How many of the top articles are things related to ISIS, issues with crimes, videos of people video taping a fight, instead of breaking one up, videos of people making cops out to be the even villains, instead of praising them for putting their lives on the line each and every day. 

Do your part. Ignore the negativity.  Search the internet for the feel good, heart warming stories, instead of reading about The Kardashians, or as I like to call them, societies waste of a famous family. 

On the lighter side, the first week of TRID is behind us.  Like anything it will take some getting used to.  Make sure your mortgage professionals are working hand and hand with your realtors and title companies.  Now more than ever, we are all working as a team. 

Contact your trusted mortgage professional, VIncent Fiordilino, for all your mortgage needs.  561-745-3344 or via email at [email protected]




Posted on 5 October, 2015 at 15:40 Comments comments (8144)

Clients, associates, realtor friends, what's all this fuss  about the new TRID that is in full effect today? Just another regulatory change designed to make us all go crazy smile emoticon However, have no fear. Click on the link for all your helpful information and how we have it all under control. Happy Monday.

Yours in service, 

Vincent J. Fiordilino

Branch Manager

PERL Mortgage, Inc

Jupiter, FL  33477

The Truth About Getting a Mortgage Returns!

Posted on 3 September, 2015 at 10:50 Comments comments (824)

Starting October 1, we re ignite the "Truth About Getting A Mortgage" on 900AM the Talk of the Palm Beaches.  Every wednesday on the drive home from 5:00-5:30 pm.  Market news, realtor spotlights, loan scenarios, guidelines and most importantly, the implementation of TRID and what it means to you!  Stay Tuned.

Vincent J. Fiordilino, Branch Manager, PERL Mortgage of Jupiter, FL

Rent payments reporting to your credit report?

Posted on 3 September, 2015 at 10:40 Comments comments (2104)

So for a while, rent payments could only be reported to what is a referred to as a non traditional credit report.  This was used in the case of people that do not have credit cards, car loans, etc as a method of creating some type of credit report.  This is no longer the case.  Of the 3 major bureaus (equifax, experian and transunion)  rent payments can now be reported to Experian through a program called RentBureau, where property management companies can report the renters on time rent payments.  While this will not help all 3 scores, it can very well be used overall to increase the coveted "mid score" that all us lenders use for qualification purposes. 

So continue to pay your rent on time and make sure you ask your landlord, property management company, etc. to make sure they report the payment history to the RentBureau provided by Experian!

Make it a great day. 

Your Lender for Life.

Vincent J. Fiordilino

[email protected]

Rate's Continue strong trend ahead of market news

Posted on 25 August, 2015 at 0:45 Comments comments (1731)

I get asked a lot "what do think rates are currently doing?" or "what do you think rates will be in the next 30 to 60 days?"

As always, I kiddingly refer to "let me pull the Crsytal ball and shake it a few times!" Of course, I follow up with what my hunch is, but as any industry professional should quickly tell you, its based on a lot of different factors.  Like anything, make a decision and dont look back.  So often we lock in a rate, and 3 months down the road, that same rate may very well be 1/8 or a 1/4 point better and your left scratching your head saying "shoulda coulda woulda."  In financing , that is the worst way to lock at things.  At the time of locking, you and your consultant talk about the decision and make the decision and move forward to the finish line.  If you are happy with what you received at that time, than it doesnt matter what the market does 30, 60 or 90 days after you completed your transaction.  Its sort of like getting the newest I phone.  Seems like the day you decide to get yours or upgrade, a week later Apple releases "New I phone coming in 30 days" and your saying to yourself "dang I wish I waited."  But if your happy with the phone you just received, what difference does it make?  Better example is selling your home, of course after you sell, there is ALWAYS that person that says "had you waited you woudl have gotten $20,000 more!"  But what if the opposite occurs? Which of course, can very well happen.  Quick trip down memory road of 2008 and 2009.  Point being, make a decision, be happy with it and dont look back.

On another note, lots of factors playing into the volatile interest rates, but more importantly, the slight slide in rates.  China's disasterous stock free fall, the Greece bailout.  

Happy Monday to all. 

Vincent Fiordilino


[email protected]

No Longer have to close out revolving debt for Fannie Mae??!!

Posted on 27 May, 2015 at 14:05 Comments comments (3989)

Big news from the world of Fannie Mae today. You no longer have to close Revolving debt to qualify for a loan. In the past, if you were doing lets say a cashout refinance and were consolidating some credit cards. If those credit cards being paid off were necessary to get your loan, then in the past, those cards needed to not only be paid in full at closing, but needed to be closed.

Now, such accounts do not need to be closed as a condition of excluding the payment from the debt to income ratio! This is big news for clients that were worried about losing points, rewards, etc. or just the ability to keep the card open. As it states in the Fannie Mae lending guide:

"If a revolving account balance is to be paid off at or prior to closing, a monthly payment on the current outstanding balance does not need to be included in the borrower's long-term debt, i.e., not included in the debt-to-income (DTI) ratio. Such accounts do not need to be closed as a condition of excluding the payment from the DTI ratio."

For more information, please go to the fannie mae site using the following link:

As always, your's in service,

Vincent J. Fiordilino.

[email protected]


Mortgage Rates Feeling a little love?

Posted on 27 February, 2015 at 18:20 Comments comments (3112)

Mortgage rates had a bad Valentines Day. It's not that anything happened on that Saturday. Indeed, lenders weren't even open. It's just that things changed significantly by the time US markets reopened on Tuesday, with rates moving higher at the fastest pace in over a year. After a purely corrective bounce the following day, rates spent the next three days in limbo. That brought us to yesterday's big move lower following Yellen's testimony and an anticlimactic Eurozone response to the Greek bailout (initial approval), but it was an outlier against an otherwise crummy trend toward higher rates in February.


Until today...


Today brought only modest improvement, but taken together with yesterday, it was the strongest 2-day stretch of the month. More importantly, holding ground today helps to solidify yesterday's bigger move as something other than an anomaly. It begins building a case for February's negative trend to be meaningfully threatened. As is always the case, there's no way to be sure that this push back continues, but the point is that it leaves the door open for a push back to continue at all!


As for the nuts and bolts of the day, nothing much happened. Economic data was generally ignored and Yellen's 2nd round of congressional testimony offered no surprises. Rates inched lower for most lenders due to stronger market levels at the open (there weren't many reprices during the day). At current levels, 3.75% is a more prevalent quote for top tier conventional 30yr fixed scenarios than 3.875%.

Stay tuned as always, here to serve you. 

Vincent J. Fiordilino


[email protected]