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Supreme Lending is a full service mortgage business with its main headquarters located in Ann Arbor, MI. It is our primary fiduciary goal to build and develop relationships with our clients that are professional and last a lifetime. Because of this, many of our employees relate to Supreme Lending as their second family. Our most important mission is measured by quality, and not quantity. At Supreme Lending, our goal is to represent the highest quality principals in an ethical and professional manner in all aspects of our business. Quite often, this entails counseling our customers, providing customized loan programs, and helping them to pursue financial freedom. This goal can be put into four words: FAMILY-ORIENTED & CUSTOMER FOCUSED.

Foreclosure Inventory

According to date released by CoreLogic, nationwide the number of completed foreclosures for February 2012 dropped from an estimated 71,000 in January 2012 to 65,000 in February 2012 compared to 66,000 in February 2011. Approximately 1.4 million homes were part of the foreclosure inventory as of February 2012. Overall, the number of completed foreclosures for the last 12 months ending February 29, 2012 was 862,000.

A recent article in Realtor Magazine reported that the government was also able to reduce its inventory of foreclosures from 2010 to 2011 by almost half according to an analysis by HousingWire reports of financial statements from three government entities – Freddie Mac, Fannie Mae, and the Department of Housing and Urban Development (HUD). As of December 31, 2011, these three departments held about 150,700 foreclosure properties compared to 296,000 held at the end of 2010.  Investors and first time buyers have been purchasing foreclosures nationwide recognizing the advantages of being able to purchase properties at discounted prices with many of them obtaining financing at historically low rates.

After taking a closer look at the government’s reduced foreclosure inventory, HousingWire reported that HUD reduced its foreclosure inventory to approximately 32,000 out of the 62,000 properties it held the end of 2010, representing a 47% decrease in its inventory. Fannie Mae also reduced its foreclosure inventory to approximately 118,000 from 162,000 held the end of 2010, representing a 27% decrease. Finally, Freddie Mac reduced its foreclosure inventory to 60,500 from 72,000 in 2010, representing a 16% decrease.

So what does all this mean? A recent report by the NAR for March 2012 indicates that while existing home sales were down nationally in March 2012, inventory was also down and prices were stabilizing. That is great news for the housing market. Locally, Florida’s housing market increased pending sales, showed a higher median sales price now of $139,000 for single family existing homes, representing a 10% increase from a year ago and reduced their inventory as well in March 2012 according to data released by Florida Realtors Industry Data Analysis department, and their vendor partner 10KResearch and Marketing. Statewide mean sales prices for condos and townhouses were $105,000 for March 2012, representing an increase of 20.8% from March 2011. The results are positive with numbers show that pending sales of single family homes in Florida are up close to 30% and up close to 20% for condos and townhouses. During the month of March 2012, there was a 5.9-month supply of single-family homes and 6.0-month supply of townhomes/condos. Interest rates for 30 year fixed rate mortgages averaged around 3.95% during March 2012, down from 4.84% in March 2011 according to Freddie Mac.

With inventory falling, low interest rates and prices stabilizing, the market is bringing confidence to home buyers and sellers indicating that 2012 is heading towards a normalizing market.

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Refinancing? Florida Mortgage Refinance

Refinance Florida FHA Mortgage Refinancing - Florida Home Refinance...Supreme Lending, a leading mortgage company in Florida, is currently working with all the major FHA banks and lenders to get ready for the new FHA Florida mortgage products under the FHA Programs. Before sub-prime existed people with less then perfect credit relied on FHA mortgages to buy and refinance their homes. Now that the sub-prime mortgages may be a thing of the past people are again turning to FHA mortgages to refinance there homes. Mortgage BLOG It's important to understand the pros and cons of an FHA mortgage refinancing, they do carry MIP otherwise known as mortgage insurance. This is an additional fee that must be paid, good news it's financeable. What good about FHA...less down payment for your purchases, higher LTV ratio or loan to value ratios. They will even allow certain grant program so that you can buy homes with as little as one months mortgage payments.

Miami Home Refinancing

Trying to Refinance your home mortgage...? Apply Now and ask if you can obtain a principle mortgage balance reduction.

Florida Reverse Mortgage

As a Florida FHA Lender, we are currently working with many seniors to get a Florida reverse mortgage. If you are over the age of 62 and own a home you may qualify for a Florida reverse mortgage. Florida reverse mortgage is great way for you to start enjoying the rest of your life. You can take a one time lump sum payment, monthly payments or combination of both for your Florida Reverse Mortgage. We have been helping customers through out the entire state of Florida since the early 1990"s. "Florida Refinance Mortgage" Supreme Lending can provide many types of government (FHA) backed loans for mortgages and home Loans. You can use these Government mortgage loans for home purchase, refinance and Reverse mortgages. Government 203K can also be used to help you buy and repair your new home. A Government Refinance Mortgage is a great way to get mortgage relief as well if you are starting to suffer from a sub-prime loan. Florida Reverse Mortgage.

Florida First Time Home Buyer Program - FHA First time home buyer

Thinking of buying a home for the first time? Well you should be, though housing prices have proved to go up and down overall they are probably still the best and #1 way to build wealth? They say at any given time of home purchase that real estate prices will double over the course of 10 years. "Florida Mortgage Broker" Quick math will tell you that if you spent $250,000 on a home you will make an additional $25,000 per year just by paying your monthly mortgage payment which in some cases is about what you would be paying for rent. We are currently specializing "Miami home mortgage" Purchases, Tampa home mortgage purchases, Jacksonville home purchases and Orlando home mortgage purchases. Call today and ask to speak with one of our Florida First Time Home Buyer Program Specialists at 1-866-938-0550. We also provide Florida commercial mortgage loans.

Miami Refinance - Home Mortgage

Miami Refinance - Direct Mortgage Lender based out of South Florida servicing Miami Beach mortgages, Fort Lauderdale Mortgage, Miami Home Mortgage, Miami Beach refinaces, Naples mortgage, Palm Beach mortgage, West Palm Beach mortgage. Supreme Lending Miami Home Refinancing acts as a mortgage broker/ mortgage lender on Home Loan Florida, commercial loans, Florida Refinance, construction loan and home equity lines throughout Florida. Supreme Lending specializes in South Florida Home Loan and Mortgages. One of the advantages of working with our Mortgage Lender company is that we have over 300 lenders available to help the needs of our clients. Miami Refinance

Home Loan Florida

Supreme Lending Personnel Consultants are very well trained to help you with all of your real estate financial necessities. We are located in South Florida; Supreme Lending is a leader and a pioneer in many mortgage programs. We can provide you with a Good Faith Estimate to show the best possible Miami Florida mortgage rates available to you from us. As a lender and a Broker we are able to shop all the top lending institutions to find you the possible mortgage rates in the Miami Florida area. When shopping for your Miami Mortgage Rates make sure you are getting a Good Faith Estimate with all the fees associated with the mortgage rate you were promised.

Fort Lauderdale Mortgage

Supreme Lending finances loans for South Florida and Refinance Florida properties. We have been helping investors and many families for years. We have committed all our efforts to making Fort Lauderdale mortgage refinancing loans in many communities in South Florida and Florida. Our loan advisers have the knowledge and expertise to help you select a mortgage in Fort Lauderdale, Florida that will best fit your specific necessities. Be it a fixed rate FHA mortgage loan, or many of our flexible adjustable rate loans. Supreme Lending considers your business to be a very important to us, and we will do our best to allow you to receive what you are trying to achieve.

Boca Raton Mortgage

Supreme Lending finances provides Boca Raton Mortgage loans. Whether you are first time home buyer in Boca Raton, up sizing from your current home, purchasing a second home or looking at Boca Raton to be your next place for investment, we can provide a mortgage solution. It is important to know that when you are shopping for a new primary home or investment property that you are pre-qualified so when that real estate opportunity shows up you are ready to execute. If you are refinancing your Boca Raton Home, we have solutions for all levels of credit and can even work with you to improve our credit score so that you can obtain the very best mortgage rate you can achieve.