Erick Cantele

Sales Manager

Erick Cantele
Sales Manager

NMLS# 255837
State Lic: FL# LO4061;
1699 South Federal Highway
Suite 300
Boca Raton, FL 33432
Office: (561) 948-3523
Fax: (866) 422-3104
Mobile: (561) 703-0398
Top Producers Club 2012
erick.cantele@academymortgage.com

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The home buying process has been two years in the making for my wife and I, and it will finally come to a conclusion on May 30, 2014. This has been a long and tedious process that has been made very simple due to the patience and professionalism of Erick Cantele and Academy Mortgage. Erick was with us throughout the duration of our search. He gave us sound advice on every home that we saw and made an offer on, was always a phone call away, and answered every question that my wife and I had as first time home buyers. There is absolutely no way that we would have been able to come to a sound decision if it were not for Erick and his team’s assistance. We are truly grateful to him and Academy Mortgage for the help they gave us. There is not a better person or company to work with!Matt Starr

Erick Cantele has been in the mortgage industry for over 14 years and he's worked for both the big-banks and the small correspondent lenders. As a native Floridian he attended Florida Atlantic University and graduated with a bachelors degree in marketing. Past accomplishments include being awarded PHL Loan Officer of the Year by Chase Home Finance in 2005 & 2006. Also, Erick earned the Top Producers designation in 2012 & 2013 with Academy Mortgage.

What sets me apart from my competition is not only my knowledge and expertise in mortgage lending but my personal touch. I will work with you one-on-one from starting your loan application in the beginning to reviewing your settlement documents at the closing table along side you. I am always looking to exceed my customers expectations. I believe that choosing the right mortgage for your home loan is as important as you choosing the right home for your family. I treat my customers the way that I would want and expect to be treated which is with honesty, integrity, and respect.

At Academy Mortgage we are able to offer very competitive pricing, amazing customer service, and we offer a wide variety of loan programs such as:

FHA

FHA 203K

VA

Conventional Loans

Jumbo Loans

Foreign National Loans

Homepath Loans

USDA Loans

If your credit is good or not so good we will find a loan program that best fits your financing needs. The expertise and professionalism of our staff at Academy Mortgage sets us apart from the competition. We are dedicated to insuring our customers satisfaction throughout the entire loan process. Your home loan will begin and end in our local office and Erick will be there by your side to answer any questions you may have.

So, if you are looking to buy a new primary residence, second home or investment property give Erick a call today and allow him help you with your financing needs.

ARTICLES

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NMLS# 255837

State Lic: FL: LO4061;

Corp Lic: FL: MLD241;

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Three Key Factors in Qualifying for a Home Loan

When a mortgage company makes a decision about a home loan application, the lender primarily considers three basic factors:  (1) your ability to repay the loan; (2) your willingness to repay the loan; and (3) the collateral.

Ability to repay the mortgage is determined by verifying your current employment and analyzing your total income.  Lenders prefer for you to have been employed at the same place for at least two years or to at least be in the same line of work for a few years.  Your estimated monthly payment will be compared to your monthly income and debt.

Willingness to repay is influenced by how you have paid previous loans and by examining how the property will be used.  Willingness can be gauged by your credit report and previous commitments to pay rent and/or utility bills. 

Collateral is property that is pledged by a borrower to protect the interests of the lender.

It is important to remember that there are a set of rules each lender uses to assess these factors on each loan and determine if the lender will ultimately lend you money.  These rules are called a Credit Policy.  Each loan application is evaluated individually on a case-by-case basis.  Many loan applications may come up short in one area, but make up for it with other strong points.  These compensating factors may include: a large down payment, extensive educational background, or overall financial health.  Securing mortgage insurance to protect a lender in the event you are unable to make your payments may also impact your qualifying for a home loan.

Contact your Academy Mortgage Loan Officer with any questions about qualifying for a home loan.

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Choosing a Loan Program

There isn’t a single or simple answer to the question: “Which loan program should I choose?” The right type of mortgage for you depends on many different factors, including:

For example, a 15-year fixed-rate mortgage can save you many thousands of dollars in interest payments over the life of the loan, but your monthly payments will be higher than with a 30-year fixed-rate mortgage.  An adjustable-rate mortgage may get you started with a lower monthly payment than a fixed-rate mortgage, but your payments could greatly increase when the interest rate changes.

The best way to find the “right” answer is to discuss your current finances, your financial prospects, and your preferences frankly with an experienced mortgage professional, and make sure you analyze all of your options. Contact your Academy Mortgage Loan Officer today.

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Homebuyer checklist for 2014

Get positioned to buy a home. Those who are considering buying a home in the new year are likely in a good position. Affordability remains historically high, and inventory will be abundant. However, while conditions are ripe for a purchase, there are still a number of things homebuyers will need to do to prepare for what will likely be the largest purchase in their lifetime. 

Whether you are experienced or new to the housing market, buying a home probably seems like a daunting task. With so much to consider, it's important to follow a checklist. Here are some tips to get any potential buyer started with the process:

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2013 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate, or calculate your payment today.

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