Information About An Excellent Mortgage Broker Recommendation In Our Area

               

Elite Mortgage Concepts of Southwest Florida - Financial Services

Mission

We are dedicated to providing you with top customer service and assistance in finding options that meet your home buying needs.

Elite Mortgage Concepts, a Florida based Mortgage Brokerage, is your premier lending resource and only resource you will ever need for any and all of your residential mortgage needs. Whether you are buying your first home, a vacation home, investment property, or even in the need of a business loan, we have you covered. We work directly with many of the nation's largest lenders, which allows you t...o receive the very best interest rate possible at the lowest cost. Please allow our years of expertise in the mortgage lending industry to make your application process seamless and stress free.

We offer several financing solutions for you, such as:
- Purchase Mortgages
- Refinance Mortgages
- HARP Refinance Mortgages
- FHA Loans
- USDA Loans
- Jumbo Financing
- Condo Financing
- Condo Hotel and Non Warrantable Condo Financing
- Foreign Nationals
- Commercial Loans

Feel free to contact us anytime at (239) 649-1101 or email us at Judy@EliteMortgageConcepts.com 

Mortgage Rate Update From Elite Mortgage Concepts Of Southwest Florida

Consumer confidence in the economy has increased, which has continued to drive the sale prices of homes upward in the majority of the areas across the United States. The increasing strength in the economy has caused residential lenders to increase the FRM rates for home purchases. This can be explained in more detail by the article below that was written and posted in the "Florida Realtors" News update on August 30, 2013. Below is the article.

Average rate on 30-year mortgage at 4.51%

Mortgage Rate Trend Index

This week, 18% of industry experts surveyed by Bankrate.com believe mortgage rates will rise over the next week or so; 36% think rates will fall, and 46% believe rates will remain relatively unchanged.

WASHINGTON – Aug. 30, 2013 – Average U.S. rates for fixed mortgages declined this week but stayed close to their highest levels in two years.

Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan fell to 4.51 percent. That's down from 4.58 percent last week, the highest since July 2011.

The average on the 15-year fixed mortgage dipped to 3.54 percent from 3.60 percent, also the highest since July 2011.

Rates have risen more than a full percentage point since May when Chairman Ben Bernanke first signaled that the Federal Reserve might reduce its bond purchases later this year. The purchases have helped keep long-term interest rates low.

Mortgage rates remain low by historical standards. But the sudden spike in rates could slow the housing recovery’s momentum.

U.S. sales of newly built homes dropped 13.4 percent in July to a seasonally adjusted annual rate of 394,000, the government said last week. That’s the lowest level in nine months.

Also in July, fewer Americans signed contracts to buy homes for the second straight month, according to the National Association of Realtors. Still, the decline has been modest and the level of pending homes sales remains close to a 6 1/2 -year high reached in May.

Mortgage rates have been rising because they tend to follow the yield on the 10-year Treasury note. The yield also has surged on speculation that the Fed’s stimulus will slow. But the rate on the 10-year note declined this week to 2.78 percent from 2.90 percent last week.

To calculate average mortgage rates, Freddie Mac surveys lenders across the country on Monday through Wednesday each week. The average doesn’t include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount.

The average fee for a 30-year mortgage declined to 0.7 point from 0.8 point. The fee for a 15-year loan was unchanged at 0.7 point.

The average rate on a one-year adjustable-rate mortgage fell to 2.64 percent from 2.67 percent. The fee slipped to 0.4 point from 0.5 point.

The average rate on a five-year adjustable mortgage rose to 3.24 percent from 3.21 percent. The fee held at 0.5 point.

A FUN EXPERIENCE AWAITS YOU IN MARCO ISLAND

 A unique experience is to book a trip on the Marco Princess which is docked in the Marco River Marina. You can book a Dinner Cruise, or maybe take a Sunset Cruise. You can reserve the boat for private parties, as well. If you want try a very different and unique experience, this is something you should not miss. Keep in mind that if you take a trip to Downtown Naples, this company has a sister ship that is docked close to Tin City. The ship is called the Naples Princess, which takes similar trips around Naples Bay. The vessel travels past many of the beautiful mansions that line both sides of  Bay. This is an incredible journey that you won't forget.

For more information, below is a link to their website.

http://www.themarcoislandprincess.com/

Some of the main Attractions Awaiting You in Southwest Florida

In Southwest we feel like it is an Endless Summer. Almost everyday the temperature is around 90 to 95 Degrees. And most days the Sun is shining all day, which makes it easy to enjoy all types of outdoor activities. There is more to experience than just the Sugar Sand Beaches in Marco Island and Naples. Below are the links to 2 separate videos that we have created to show an example of all the fun that awaits you in our Paradise Coast on the Gulf of Mexico. Take a look at these videos. I think you will enjoy them. Remember, should you have any questions about homes, condos, vacation rentals, or investment opportunities in Marco Island or Naples, Florida, we are just a phone call away. Feel free to call our Toll Free number at 855-28AGENT. Now check out these links.

http://animoto.com/play/K0GXFgxzfVuHxNxdm7qHag

http://animoto.com/play/OLMoyivNRzQ9DOJw48G4Kw

 

 

THE FAHEY TEAM - VIDEO OF PHOTOS OF MARCO ISLAND, SOUTHWEST FLORIDA'S PARADISE

Marco Island is a 4 mile by 6 mile island located just south of Naples, Florida on the Gulf of Mexico. It has 6 miles of pure "Sugar Sand Beach" just waiting for you. Come and experience our Sun setting into the Gulf of Mexico. The link below is video of photos showing a sample of the beauty of Marco Island. It's a great time to buy your piece of "Paradise". If you would like to see what properties are selling for is Southwest Florida, visit our personal Real Estate website at www.thefaheyteam.com. Marco Island is only 20 minutes away from the world famous 5th Avenue South in Naples, Florida and an 1 1/2 hours from South Beach, Miami.

Enjoy this video link http://animoto.com/play/dXMcne04d4zVCtUb0wAP1w

The Fahey Team's video of Renowned Fiddlers Creek in Naples, Florida

Below you will find a short video of the renowned golf community of Fiddlers Creek. For more information about the new construction homes, coach homes, and condos or a complete list of resale properties in this community, feel free to call our toll free number at 855-28AGENT.

LINK  http://animoto.com/play/0GN019DKySW6gtbgmH1a5g

THE FAHEY TEAM'S VIDEO OF LELY RESORT IN NAPLES, FLORIDA

Here is a short video showing photos of some of the individual communities and amenities located in Lely Resort of Naples, Florida.

link http://animoto.com/play/Hm0e8e8T94kbOArww96DFw

Video of The Fahey Team's Branch Office of Premiere Plus Realty Company on Marco Island, Florida 34145

Below you will find the link to viewing our Real Estate office on Marco Island. We are right next door to the Dunkin Donuts in the Marco Island Town Center Shopping Plaza. If you are thinking of buying or selling, don't hesitate to stop in and talk to one of our experienced agents. Here is the link of the tour of our executive office http://www.visualtour.com/showvt.asp?t=2939077. We have sold many properties in both the Naples and Marco Island areas of Southwest Florida.

The Fahey Team of Premiere Plus Realty Company Expands their agent roster before the upcoming Season.

Tom and Debra Fahey are proud to announce the addition of two more agents to their branch office on Marco Island, which is located at 1089 North Collier Boulevard Suite 436. This brings the total agents who can assist buyer and sellers at this location to five. Their names are Tom Fahey, Debra Fahey, Angela Palmer, Jerry Fries, Greg Muller and Wendy Rost. Feel free to visit our Real Estate Website at www.thefaheyteam.com.