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Welcome

I know that choosing your dream home is an important and sometimes difficult decision to make. Choosing financing doesn’t need be.

Let me be your “Go To” guy for everything you need to know about financing. If I don’t have the answer, I will find it for you.

I offer a wide variety of products and services and will guide you through the process in helping to obtain the right mortgage for you.

About Wes

I am a National and Florida Licensed Mortgage Loan Originator and Branch Manager with EquitiFirst Mortgage.  I have been in the lending industry in Orlando since 2003. As a Licensed Mortgage Broker, I am able to originate all types of mortgages including Traditional lending FHA, VA, USDA, and Conventional. I also offer Non-Traditional lending with Foreign Nationals, Non-Warranted Condos, CondoTels and Resort Properties, Alternative Lending and Reverse Mortgages for Seniors.

Born at Ft. Bragg, North Carolina to an Army officer family, I lived and attended schools from Hawaii to Europe. After graduating from High School in Savannah, Georgia, I received my B.A. from the University of Miami in Psychology and Sociology.

After spending over 20 years in the restaurant and nightclub industry in management as Regional Vice President and President, I started and owned an import/export/wholesale business for ten years. My exclusive lines included handicrafts and gifts and also launched a surf apparel line and an interactive web site with a retail division.

Groups I belong to: Dr. Phillips Rotary Club Citrus, Speakers Bureau/Orlando Regional Realtor Association

Associations: Give Kids the World, A Gift for Teaching

#MortgagesForFlorida

Loan Programs

I offer a special package of home financing services such as one-on-one counseling, pre-approvals, first-time homebuyer seminars, reserve mortgage presentations and Realtor education seminars.

FHA

Simply stated, an FHA loan is a mortgage insured by the Federal Housing Administration, a government agency within the U.S. Department of Housing and Urban Development. Borrowers with FHA loans pay for mortgage insurance, which protects the lender from a loss if the borrower defaults on the loan.

VA

A VA loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA). The loanmay be issued by qualified lenders. The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses.

USDA Financing

USDA loans are mortgages backed the U.S. Department of Agriculture as part of its USDA Rural Development Guaranteed Housing Loan USDA loans are available to home buyers with below-average, offer 100% financingwith reduced mortgage insurance premiums, and feature below-market mortgage rates.

Conventional Fixed Loan

A conventional mortgage is a loan for no more than 80% of the appraised value or purchase price of the property. To qualify for a conventional mortgage, your down payment, or the cash you provide for the purchase price, must be at least 20% of the purchase price.

ARM Loans

An adjustable rate mortgage is a home loan with an interest rate that adjusts on a predetermined basis. Most ARMs begin with a fixed rate for a certain period of time and then adjust up or down according to the index on which it is based, after the fixed period expires.

Jumbo Loans

A jumbo loan is one way to buy a high-priced or luxury home. If you have a lower debt-to-income ratio, a higher credit score, and a larger down payment, a jumbo loan may be right for you. The limit on conforming loans is $417,000 in most areas of the country, but jumbo mortgages can exceed these limits.

Foreign National Programs

If you are a citizen from another country and you want to buy a home in the United States, to spend the holidays with your family or as an investment: Talk to us! We have over 20 years of experience in the Mortgage Loan Business, and we’ve developed a special program for you to buy a house in an easier and faster way.

Non-Traditional loans

Non-Warranted Condos & CondoTels
A traditional mortgage would require a relatively high initial down payment and a payment schedule with an interest rate that is compounded on a monthly basis. Nontraditional mortgages include interest-only mortgages, payment option adjustable rate mortgages (ARMs) and subprime mortgages.

Private Equity Lending

Private Equity Lending is equity capital that is not quoted on a public exchange. Private equity consists of investors and funds that make investments directly into private companies.

Is a Reverse Mortgage Right for you?

A reverse mortgage is formally known as a Home Equity Conversion Mortgage (HECM). It turns a percentage of the equity in your home into tax-free monthly income or lump-sum cash. No mortgage payment is ever required for as long as you live in your home.

To be eligible for a reverse mortgage, the qualifying borrower must be at least 62 years of age and live in the home as his or her primary residence.

Reverse mortgages are totally safe. It is impossible to fall behind on payments because there are none to make. You retain title and deed along with all homeowner rights and privileges. The lender or government does not take title. Also, reverse mortgages are “non-recourse” loans, so no debt can ever pass to your heirs. Can a person ever lose their home?

Certainly not because of a reverse mortgage. It is impossible to default because there are no payments to make. The home must be the borrower’s primary residence. Like any traditional mortgage, you must keep home insurance and taxes current.

Yes! The HECM for Purchase is a Federal Housing Administration (FHA) insured home loan that allows seniors to buy their next primary home with a reverse mortgage in one seamless transaction.

  • AARP and the American Bar Association support the concept.
  • The loan is FHA insured.
  • NO income taxes on the proceeds.
  • You can sell and move any time.
  • No restriction on how you spend your money
  • Buy the things you need or want without having to make a monthly payment.
  • Pay off a burdensome present mortgage.
  • Make home improvements or room additions.
  • Set up college funds for grandchildren.
  • Fulfill lifelong travel dreams.

What people are saying

Contact Us

Wes96-web

Wesley Bal

Mortgage Loan Originator
NMLS #333551
407.694.9803
WesleyBal.com
Wes@WesleyBal.com

equitifirstmortgage-sized

7575 Dr. Phillips Blvd., Suite 245
Orlando, FL 32819
407.370.369• eFax: 888.316.6797
EquitiFirstMortgage.com
NMLS #392376

Licensed by the
Florida Office
of Financial Regulation
License #MBR1587

Equal-Opportunity-Housing

How can I help you?