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    Whose Mortgage Do You Want to Pay? Yours or Your Landlord’s?
    There are some people who haven’t purchased homes because they are uncomfortable taking on the obligation of a mortgage.
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Latest posts

  • Whose Mortgage Do You Want to Pay? Yours or Your Landlord’s?
    February 4, 2019 / No Comments » / Uncategorized

    There are some people who haven’t purchased homes because they are uncomfortable taking on the obligation of a mortgage. However, everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business explained in their article, “12 Practical
    Details

  • It’s coming.
    September 28, 2018 / No Comments » / Event
  • The High Impact of Low Interest Rates on Your Purchasing Power
    July 25, 2017 / No Comments » / Uncategorized

    According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.96%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power. Purchasing power, simply put,
    Details

  • Be Thankful You Don’t Have to Pay Mom and Dad’s Interest Rate
    July 6, 2017 / No Comments » / Featured Reading

    Interest rates have hovered around 4% for the majority of 2017, which has given many buyers relief from rising home prices and has helped with affordability. Experts predict that rates will increase by the end of 2017 and will be about three-quarters of a percentage point higher, at 4.5%, by the end of 2018. Last
    Details

  • Veteran’s Roadmap to Building Wealth Through Homeownership Using a VA Mortgage
    June 21, 2017 / No Comments » / Featured Reading

    1. Obtain Certificate of Eligibility from ebenefits.gov 2. Get a pre-approval from a qualified VA loan specialist who has Veteran friendly programs 3. Obtain a qualified Realtor who has a Veteran’s program 4. Purchase your home with no money down, this home can be a multifamily up to 4 units, you MUST reside in the
    Details

  • Why Working with a Local Real Estate Professional Makes All the Difference
    June 6, 2017 / No Comments » / Featured Reading

    If you’ve entered the real estate market, as a buyer or a seller, you’ve inevitably heard the real estate mantra, “location, location, location” in reference to how identical homes can increase or decrease in value due to where they’re located. Well, a new survey shows that when it comes to choosing a real estate agent,
    Details

  • 5 Reasons to Hire a Real Estate Professional When Buying or Selling!
    May 24, 2017 / No Comments » / Featured Reading

    Whether you are buying or selling a home it can be quite an adventurous journey, which is why you need an experienced real estate professional to guide you on the path to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or
    Details

  • US Housing Market Continues the Move into ‘Buy Territory’!
    April 26, 2017 / No Comments » / Featured Reading

    According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment. The BH&J Index is a quarterly report that attempts to answer the question: In today’s housing market, is
    Details

  • “Building Wealth $ Through Real Estate” Class
    April 21, 2017 / No Comments » / Event

      Michael Lux, Sr. Loan Officer Serving S. Florida since 1982 mlux@goalterra.com o-954.981.1406 / c-954.612.2690 3878 Sheridan Street, Hollywood, Florida 33021 Alterra Home Loans, A Division of Venta Financial Group NMLS#: 357171 “Building Wealth Through Real Estate” Board of Directors / Veteran’s Assn. of Real Estate Professionals and Broward Board of Realtors Education Committee Download my
    Details

  • Join Us: Stars and Stripes Veteran Charity Golf Tournament
    April 21, 2017 / No Comments » / Event

      Michael Lux, Sr. Loan Officer Serving S. Florida since 1982 mlux@goalterra.com o-954.981.1406 / c-954.612.2690 3878 Sheridan Street, Hollywood, Florida 33021 Alterra Home Loans, A Division of Venta Financial Group NMLS#: 357171 “Building Wealth Through Real Estate” Board of Directors / Veteran’s Assn. of Real Estate Professionals and Broward Board of Realtors Education Committee Download my
    Details

  • Design Your Best Year Ever with Rene Rodriguez
    April 20, 2017 / No Comments » / Event

      Michael Lux, Sr. Loan Officer Serving S. Florida since 1982 mlux@goalterra.com o-954.981.1406 / c-954.612.2690 3878 Sheridan Street, Hollywood, Florida 33021 Alterra Home Loans, A Division of Venta Financial Group NMLS#: 357171 “Building Wealth Through Real Estate” Board of Directors / Veteran’s Assn. of Real Estate Professionals and Broward Board of Realtors Education Committee Download my
    Details

  • The ‘REAL’ News about Housing Affordability
    April 13, 2017 / No Comments » / Featured Reading

    Some industry experts are claiming that the housing market may be headed for a slowdown as we proceed through 2017, based on rising home prices and a potential jump in mortgage interest rates. One of the data points they use is the Housing Affordability Index, as reported by the National Association of Realtors (NAR). Here
    Details

  • Renting or Buying… Either Way You’re Paying a Mortgage
    March 29, 2017 / No Comments » / Featured Reading

    There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business, explained this month
    Details

  • Mortgage Interest Rates Went Up Again… Should I Wait to Buy?
    March 15, 2017 / No Comments » / Featured Reading

    Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters. This has caused some purchasers to lament the fact they
    Details

  • Mortgage Rates Impact on 2017 Home Values
    March 2, 2017 / No Comments » / Featured Reading

    There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors
    Details

  • Thinking of Making an Offer? 4 Tips for Success
    February 1, 2017 / No Comments » / Featured Reading

    So you’ve been searching for that perfect house to call a ‘home,’ and you finally found one! The price is right, and in such a competitive market that you want to make sure you make a good offer so that you can guarantee your dream of making this house yours comes true! Freddie Mac covered “4 Tips
    Details

  • Lunch and Learn Event: How to Attract Veteran Buyers
    January 16, 2017 / No Comments » / Event

    Presents: Lunch and Learn How to attract Veteran buyers How to solicit Veteran buyers How to solicit Veteran sellers How to qualify the Veteran How to educate the Veteran How to educate the seller/listing agent of a Veteran buyer Handling the myths/objection for accepting a Veteran contract Veteran benefits of using a VA loan to
    Details

  • Why Pre-Approval Should Be Your First Step
    January 16, 2017 / No Comments » / Featured Reading

    In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a
    Details

  • The Fed Raised Rates: What Does that Mean for Housing?
    January 6, 2017 / No Comments » / Featured Reading

    You may have heard that the Federal Reserve raised rates last month… But what does that mean if you are looking to buy a home in the near future? Many in the housing industry have predicted that the Federal Open Market Committee (FOMC),the policy-making arm of the Federal Reserve, would vote to raise the federal fund’s target rate at their
    Details

  • Buying is Now 37.7% Cheaper Than Renting in the US
    December 7, 2016 / No Comments » / Featured Reading

    The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers actually show that the range is an average of 17.4% less expensive in Honolulu (HI), all the way up to 53.2%
    Details

  • Taking the Fear out of the Mortgage Process
    November 14, 2016 / No Comments » / Featured Reading

    A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainty about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be scary, but it doesn’t have to be! In order to qualify in today’s market, you’ll
    Details

  • We’ve applied for the mortgage…now what?
    April 24, 2016 / No Comments » / Featured Reading

    Applying for a mortgage these days can be a bit confusing and even discouraging. However, it doesn’t have to be that way!  The more you know about the process and what to expect, the easier it will be. So, what happens once the mortgage application is submitted? An appraisal will have to be performed to
    Details

  • Reasons Why You Shouldn’t Try Selling Your Own Home
    April 24, 2016 / No Comments » / Featured Reading

    1. You usually don’t put more money in your pocket. Take into consideration that most buyers who try to buy directly from owners are going to pay less BECAUSE there is no Realtor involved. Statistics show that using a professional Realtor will bring you 10 -20% net dollars in your pocket.  2. Paperwork, compliance, more paperwork…
    Details

  • Boomerang buyers are commonplace now
    April 24, 2016 / No Comments » / Uncategorized

    The housing meltdown took its toll on millions of people’s credit, income and stability. Most of these people have been renting or stuck in their housing since then. Now, since their hardships have been over for 3 – 7 years, they are coming back to buying real estate competitively. FNMA, FREDDIEMAC, VA, as well as
    Details

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Testimonials

Elena Jimenez / Borrowers

It is an honor to recommend Michael Lux for any endeavors he is working for. Michael is a strong professional with many skill sets. He has assisted my family and I with our purchases,  refinances and home equity lines of credit in the past. It has been an excellent experience and because he’s been such a great professional to work with,  I highly recommend him.  Every time I recommended Michael to family and friends they have been very satisfied.

Rick & Judy Pinoni / Borrowers

This letter is to tell you how very pleased & satisfied my wife and I are with how working with Mike Lux was such a pleasure.  This was our first home purchase and it was so much easier then I have heard it to be. From the beginning of the process to the closing everything thing went smooth. Everything that Mike told me was right on point, from cost and rates to how everything would go. I have referred him to a couple of friends already and will continue to refer him in the future. Mike was upfront and honest and that is what I appreciated the most.

Stephanie Bardet , chlms, cips, srs. / Miami Luxury Home specialist with Keller Williams International / Agent immobilier International

“I met Michael through our toastmaster club and i would recommend him with no doubt to any of my client in need of a loan. He always answer very promptly to any of my questions, you can reach him on the phone and he is always on time, great quality for me.”

Brian Morton / Owner at Morton Schools

“I have worked with Michael for many years and I have found him to be one of the few truly honest people in the mortgage business.”

Jared Morgenstern / Financial Services Representative at Diamond Financial Group, an Office of MetLife

“I would recommend Mike to anyone that needs a mortgage or has Real Estate questions. He has been in the business for quite a while. I have referred him to family, friends and clients and he has been able to help them either with an exisiting mortgage or to get a new mortgage.”

Christian Boswell / President/ECD, bfw Advertising+Interactive

“Mike is the only guy I will ever consider for a mortgage. He takes the time to understand your needs, is relentless in getting you the best deal, and amazing on follow up. Most amazingly – given his volume – he always answers his phone, and is always available. A true, customer-focused professional.”

Giovanna Fernandez / Director of Client Services for the LRF Group at Keller Williams Realty Coral Gables / Coconut Grove

“Michael is a results oriented person. No matter the challenge he’s given, he takes it and runs with it. I have full confidence in turning to him for his professional advice.”

Jason Smith / Founder & Principal, ShowcaseMiami Realty

“Michael is a pro in the mortgage business. He has over 25 years in the business and remains in the business despite a tumultuous mortgage market. He is also service oriented. Recently, he met my client on short notice at his home to discuss mortgage strategy. I appreciated this very much. I recommend Michael Lux.”